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Jobs created in £500k fish factory expansion

Fish processor QA Fish is investing £500,000 in a factory expansion, which will create up to five new Jobs.

Hotel Chocolat reports ‘stellar growth’

Premium confectionery business Hotel Chocolat has reported “stellar growth” in first-half results for its 2016/17 financial year; boosted by strong Christmas sales and continuing store expansion, according to business analyst GlobalData....

Glanbia revenue increases to €2.85bn

Nutrition firm Glanbia reported its seventh year of double-digit earnings growth in its full-year trading update, as its revenue increased 2.8% to €2.85bn (£2.4M).

Arla UK revenue falls £300M in ‘tough’ markets

Arla UK’s revenue fell by £300M in 2016, owing to “lower global market prices and unfavourable exchange rates”, as the total group’s revenue dropped 6.8%.

Food and drink exports: ‘massive untapped potential’

Food and drink exports “still have massive untapped potential”, according to the Food and Drink Federation (FDF), after overseas sales topped £20bn for the first time.

Scotch whisky exports surge after Brexit vote

Scotch whisky exports returned to growth last year after two years of decline, helped by the Brexit vote and growing consumer demand.

Bakkavor agrees £485M loan to repay all bank debts

Chilled foods manufacturer Bakkavor has agreed a new £485M corporate loan, to repay all its existing bank debts.

Kraft Heinz and Unilever mega merger – in tweets

Kraft Heinz’s bid for Unilever last week sparked a backlash from Twitter users, as they took to the social media platform to decry the £115bn deal.

Mash Direct secures £1M Morrisons distribution deal

Mash direct has secured a £1M distribution deal with Morrisons, which will see five gluten-free products introduced to more than 380 stores nationwide.

Kraft Heinz ditches £115bn Unilever merger

Kraft Heinz has abandoned its “friendly” pursuit of a $143bn (£115bn) mega merger with Marmite maker Unilever.

Kraft Heinz mega merger with Unilever turned down

Unilever has rejected a multi-million pound mega merger proposal from Kraft Heinz.

Hain Daniels to buy soup maker Yorkshire Provender

Hain Daniels – the UK subsidiary of US-based food group Hain Celestial – has agreed to buy premium soup maker Yorkshire Provender for an undisclosed fee.

Morrisons seeks at least 200 new British suppliers

Morrisons is seeking at least 200 new British food and drink suppliers, it revealed today (February 17), after a report claimed only 52% of food eaten in the UK came from British farmers.

Nestlé’s growth falls for fifth consecutive year

Nestlé has posted its fifth consecutive year of falling organic growth – after a “challenging year” in the UK – in its latest financial results for the 12 months to December 31.

Prime Minister Theresa May's Brexit plans get mixed reception

Prime Minister Theresa May’s speech last month on the direction of travel post-Brexit, in which the UK would quit the EU Single Market, received a mixed response from business leaders...

Hard Brexit could hit UK food and drink importers

More uncertainty will be created in the currency markets, which could hit UK food and drink importers, a foreign exchange specialist has warned, after it emerged that a ‘hard Brexit’...

Food and drink M&As predicted to rise in 2017

A competitive environment and the increasing bargaining power of major retailers is putting food producers under growing pressure – which in turn is driving mergers and acquisitions (M&A) activity –...

Danone launches €1bn cost-saving scheme

French dairy and nutrition company Danone has launched a cost-cutting and efficiency scheme, designed to save €1bn (£850M) by 2020, after its European sales fell 1.4% last year.

Arla puts factory assets up for auction

The contents of Arla’s former Essex dairy are set to go under auction, drawing interest from international buyers.

Bakery creates jobs at £150k production site

Costello’s Bakery is to create up to 10 new jobs, after it revealed plans to launch a £150,000 production facility in North Yorkshire.

Drinks giant Heineken posts £238M sales rise

Drinks giant Heineken saw a £238M boost to sales last year, revealed in its full-year results for 2016, despite weaker performance in Africa and the Middle East.

Business Leaders’ Forum

Food price cuts may be on way as inflation returns

Food manufacturers need to think strategically if they want to avoid the threat of retailers demanding price cuts as inflation returns, a leading City analyst has warned.

Business Leaders’ Forum

Asia offers strong food and drink export opportunities

The prospects for driving up UK exports of food and drink to countries around the world are good, provided there is sufficient ambition among UK manufacturers themselves and the government...

Asda accused of Slimming World trade mark breach

Asda is to face a legal challenge from Slimming World over the “unlawful” use of trade marks on its new diet food range.

Planning consent ‘imminent’ for ABP Beef’s new £20M development

Planning permission for construction of ABP Beef’s new £20M-plus development at its Shrewsbury plant in Shropshire is “imminent”, according to the company’s chief executive Tom Kirwan.