Breaking News on the Food and Drink Manufacturing Sector

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Unilever food disposal rumours rise

Unilever’s relatively flat food business sales for the second quarter (Q2) of the year reported last month and increasing focus on high-end personal care products, will inevitably raise further speculation...

Food and drink ‘havoc’ after minimum wage rise

Implementing the National Living Wage could wreak havoc across the UK’s food and drink industry, the credit rating agency Moody’s warned before several major UK manufacturers raised their concerns....

Delay Nestlé pension changes, urge unions

Nestlé should put its controversial pension changes on hold in order to safeguard up to 7,600 workers losing thousands of pounds in retirement income, both Unite and the GMB unions...

Young’s reshapes board to fight ‘challenging market’

Young’s Seafood has made changes to its leadership and governance structures in a bid to respond to the long and short-term challenges it faces.

Morrisons boss ‘takes charge of recovery’

Morrisons boss David Potts has firmly taken charge of the business, introducing key changes to put the retailer firmly back on the road to recovery, according to City analyst Shore...

Food-on-the-go helps Greggs to strong first half

Strong food-on-the-go sales helped high street baker Greggs to a 6.4% rise in total sales to £398M in first half results for the 26 weeks to July 4.

‘Newcastle should be … sausage rolling Greggs’

“Newcastle should be toasting, or is that sausage rolling Greggs today, after another impressive update,” is how city analyst Shore Capital summed up the high street baker’s half-year results....

Compass Group margins to be hit by £50M plan

Foodservice firm Compass Group has warned its full-year operating margins will be hit by a £50M restructuring plan over the next two years.

New product lines lift Greencore’s food-to-go sales

New product lines at Greencore’s Northampton factory helped the manufacturer boost revenue from its UK food-to-go division by 4% on a like-for-like basis in third-quarter results for the 13 weeks...

Guest article

Why Which? super complaint was ‘a waste of time’

So we have a response from the Competition and Markets Authority (CMA) to Which?’s ‘Super Complaint’ about the issue of misleading pricing practices in the grocery market.

Confectionery sales to rise despite sugar health fears

Confectionery sales in the UK will grow by 8.6% by 2019, despite more than 60% of Brits raising fears about the high levels of sugar in sweets, according to a new report.

Premier Foods sales hit by early Easter

Premier Foods has reported sliding sales in its first quarter results to July 4, due to this year’s early Easter, ahead of its annual general meeting yesterday.

Premier’s pre-Christmas prospects ‘look good’

Premier Foods’s pre-Christmas prospects look good, despite the firm posting falling first-quarter sales results yesterday, according to City analyst Shore Capital.

Nichols acquires Feel Good Drinks

Vimto brand owner Nichols Plc has acquired Feel Good Drinks from German drinks supplier MBG International Premium Brands for an undisclosed amount.

Amazon Fresh launch ‘could be trouble for Ocado’

The long-awaited launch of Amazon Fresh in the UK is imminent and could spell trouble for Ocado, a specialist in online retail and logistics has claimed.

Mash Direct targets £2M turnover boost in six months

Vegetable accompaniments business Mash Direct is targeting a turnover boost of £2M in the next six months, after securing an annual deal, worth £3M, with the UK’s second biggest supermarket...

Food suppliers warned price slashing ‘here to stay’

Food suppliers have been warned the retail landscape is set grow “even bleaker” and price slashing is “here to stay”, in a new report from a business recovery specialist....

Finsbury Food to ‘outperform profit expectations’

Finsbury Food Group predicts its profit performance will “outperform expectations”, according to its latest financial update on trading for the full-year to June 27.

Premier Foods visit reveals growth potential

An investors' tour of Premier Foods’s sweet treats facility at Carlton, near Barnsley has revealed significant investment potential, reports City analyst Shore Capital.

Bakkavor finalises sale of Italian firm to Dreamfood

Fresh prepared foods manufacturer Bakkavor has finalised the sale of its Italian pizza manufacturing business to Dreamfood.

Dairy Crest predicts ‘strong growth’ for key brands

Dairy Crests’ four key brands will “see strong growth” in the remainder of this year, according to an interim management statement covering the three months to June 30, posted ahead of yesterday’s...

Carr's Kirkcaldy mill ‘helps lift margins’

Flour supplier Carr’s Group’s Kirkcaldy mill in Scotland has helped the food, agriculture and engineering group lift margins, according to leading City analyst Investec.

Young’s Seafood jobs plan ‘bittersweet’ for workers

Young’s Seafood’s plans to axe more than 900 jobs at its plants in Fraserburgh and Spey Valley, while safeguarding hundreds of jobs at its Grimsby site have been described as “devastating” and “bittersweet”....

Greek crisis

Greece on the brink: threats for food and drink firms

Greece is a risk to political and monetary union in Europe.  A Greek exit would be regarded as a failure of all EU Members States and highlight a critical weakness...

Budget 2015

The Budget: what it means for your business

Food and drink manufacturers will find points to praise and areas of disappointment in the chancellor George Osborne’s summer Budget – which he lauded as “a new contract with the nation”, according...