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Top 10 UK chocolate brands: IRI

Cadbury Dairy Milk kept its position as top of the chocs in a chart of top 10 UK chocolate brands by value sales issued by market analyst Information Resources (IRI).

2 Sisters Food Group hit by costs of £163.5M

Costs and charges of £163.5M increased 2 Sisters Food Group’s debts across the past full financial year, according to results just posted by parent company Boparan Holdings.

Bakkavor invests in chilled breads facility

Bakkavor revealed plans for a multi-million pound investment in its chilled bread plant at Crewe as it reported results up to the end of its third financial quarter (Q3).

Management takes over natural ingredients firm

Uren Food Group has undergone a management buyout (MBO), ending more than a century of family ownership for the natural ingredients firm, which is based at Neston, Wirral.

Deeside’s KK Fine Foods to create 90 jobs

KK Fine Foods is creating 90 jobs on Deeside Enterprise Zone in a £4.2M investment – its largest to date – supported by the Welsh government and Finance Wales.

Analysts respond to Sainsbury results

Analysts have cautiously welcomed Sainsbury’s trading figures for the first half of its financial year, but claim the supermarket chain has a “mountainous challenge” ahead of it.

Aldi to create 35,000 jobs in £600M expansion

Discount store Aldi has pledged to create 35,000 new UK jobs over the next eight years in a £600M expansion that will boost its store numbers to 1,000.

Sainsbury suffers from ‘unstoppable growth’ of discounters

Sainsbury’s falling profits and sales – revealed in first-half results for its 2015 financial year – show the pressure exerted by hard discounters Aldi and Lidl, according to retail and city analysts.

Tulip snaps up Castellano’s Charcuterie

Tulip has bought Castellano’s Charcuterie, the award winning, Bristol-based, charcuterie business from owner, Vincent Castellano in a move that will boost its reach into retail, deli and foodservice sectors.

Carr’s Milling hails bakery wins as profits climb

Bakery business wins have boosted production at Carr’s Milling’s flour mills, as increased efficiencies in this and other divisions delivered record profits for the group.

News in brief

Abergavenny Fine Food invests £1.2M

The Abergavenny Fine Food Company is boosting production of its well-known goat’s cheese range to satisfy demand following £1.2M in funding from Santander Corporate & Commercial.

Faccenda buys duck processor Cherry Valley Foods

Faccenda Foods has agreed to buy Cherry Valley Farms’ duck processing business Cherry Valley Foods by the end of December 2014 in a move that broadens its portfolio of poultry...

Coffee founder crowned at House of Commons ceremony

Pact Coffee founder Stephen Rapoport scooped the crown at the first Investec Food & Drink Entrepreneur of the Year awards, held at the House of Commons last week.

Tesco set to review its store ranges

Tesco looks set to simplify its store offerings, cutting down on the number of stock keeping units (SKUs) it holds, but ensuring their better availability to customers, as it attempts...

Dairy Crest to sell dairies to Müller for £80M

Dairy Crest has agreed to sell its loss-making dairies to Müller UK & Ireland Group for £80M, alongside half-year results posted yesterday. 

Morrisons posts ‘dismal’ third quarter results

Morrisons has posted a “dismal” set of third-quarter results, which prove it is losing the battle with hard discounter stores Aldi and Lidl, warn City analysts.

Dairy Crest dairies sale welcomed by analysts

Dairy Crest’s £80M sale of its diaries to Müller UK & Ireland Group has drawn praise from City analysts.

Food industry faces increased social media risk

Food companies face increased risks from social media because they still do not have developed policies for tools such as Twitter and Facebook, according to the law firm Roythornes.

M&S strategy shows signs of starting to work

Marks & Spencer’s (M&S’s) half-year results show its recovery strategy is beginning to work, according to some City analysts.

First six Sainsbury Netto stores to open imminently

Sainsbury will open the first six stores in its joint venture with Netto on November 6, but the supermarket chain’s proposition needs serious thought, according to a leading food analyst.

Raw material costs hit Macphie of Glenbervie

Ingredients manufacturer Macphie of Glenbervie took a £182,000 hit to its profits as a result of volatile raw material costs, according to its latest annual results.

Truss to visit China next month to boost pig exports

Environment secretary Liz Truss will be travelling to China in December with the aim of reducing barriers to UK pig exports to the world’s most populace nation as its demand...

Turkey’s Ulker Biskuvi Sanayi nets United Biscuits

United Biscuits (UB) has been sold to Turkish food firm Ulker Biskuvi Sanayi, private equity owners Blackstone and PAI Partners have confirmed.

Devro to complete Scottish restructuring early next year

Sausage skin maker Devro expects to complete the second phase of the restructuring of its operations in Scotland at the end of the first quarter (Q1) of 2015. This is...

Associated British Foods’s sugar results ‘worse than expected’

The performance of Associated British Foods’s (ABF’s) sugar division was worse than expected in preliminary full-year results to September 13, according to City analyst Shore Capital.

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