Breaking News on the Food and Drink Manufacturing Sector

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Morrisons 'must sell its manufacturing sites' to thrive

Morrisons’ food manufacturing assets have divided city opinion as analysts gage the early steps of the beleaguered retailer’s new ceo David Potts.

Election 2015

Kellogg boss quoted in Labour EU ad

Kellogg boss Jonathan Myers is quoted alongside five other leading industry figures supporting the UK’s continued EU membership in a full-page advert in the Financial Times, paid for by the...

Truss’s £50k grants to create 3,000 food jobs

Cash injections of up to £50,000 will be given to small food and drink firms, following the creation of six new Food Enterprise Zones by the environment secretary Elizabeth Truss.

Morrisons to cut 20 bosses in ‘Tesco-style shakeup’

Morrisons ceo David Potts is to axe up to 20 more bosses in a bid to clear out the old team and counter the firm’s multi-million pound losses by running...

Heinz Kraft merger

Heinz Kraft merger: expect cost cutting soon

The Heinz Kraft £100bn mega merger is likely to lead to cost cutting on a big scale, according to analysts.

News in brief

Sainsbury: doubling c-store numbers achievable

Sainsbury could double the number of its convenience stores from 700 to more than 1,500 at current rates of opening, according to ceo Mike Coupe.

Morrisons boss ‘could galvanise’ the retailer

Morrisons new boss David Potts “could galvanise” the troubled retailer, according to City analysts less than two weeks after he took over the role of chief executive from Dalton Philips....

Fall in meat prices hit Hilton’s sales

Hilton Food Group has announced a 2.3% fall in sales to £1.1bn, due to lower meat prices and “unfavourable” currency exchange rates in its full-year results for the 52 weeks to December 28 2014.

Five top Morrisons executives exit in board shakeup

Morrisons boss David Potts has revealed five board members are to leave the retailer in a management shakeup designed to “speed up” the business.

Dairy exports reached record high last year

A surge in cheese exports powered dairy exports to reach a record high of £1.4bn last year, according to the Food and Drink Federation (FDF).

Dairy Crest sale referred to competition authority

Dairy Crest’s plan to sell its dairies to Müller UK & Ireland is to be probed by the UK Competition and Markets Authority (CMA), after the £80M deal was referred...

Morrisons new boss invests £1M in shares

New Morrisons boss David Potts has signalled his faith in the troubled retailer by buying more than £1M of the supermarket’s shares.

2015 Budget

Food firms could gain from Budget export boost

Food and drink businesses could gain from £7.5M of funding for UK Trade & Investment (UKTI)  to boost exports to China announced in Chancellor of the Exchequer George Osborne’s 2015 Budget....

Morrisons boss tells HQ team to work on shop floor

Morrisons’ boss David Potts has told his head office staff to work on the shop floor this Easter – in a bid to persuade them to “listen hard” to customers and store...

Aldi's £59.5M distribution centre to create 500 jobs

Aldi’s planned £59.5M regional distribution centre will pave the way for up to 10 new stores in Wales and create more than 500 new jobs.

45 new jobs at BHJ Ingredients following merger

BHJ Ingredients has created 45 new innovation roles after merging with two US sister companies to form Essentia Protein Solutions, its coo Asger Jacobsen has revealed.

2015 Budget

Food industry responds to 2015 Budget

The 2015 Budget has provoked a mixed reaction from the food industry, with beer, cider and whisky producers celebrating duty cuts, while others are calling for more specific food industry support.

2 Sisters Food Group slides further into debt

2 Sisters Food Group’s debt rose in its second financial quarter (Q2) as the business was beset by avian influenza (AI) and IT woes.

Charlie Bigham plans TV stardom after 50% growth

Ready-meal manufacturer Charlie Bigham’s has posted 50% year-on-year growth of £19M in retail sales for the first half of 2015.

Sainsbury targets quality as results beat forecasts

Sainsbury is nailing product quality goals and plans to boost the rate of product improvements in the coming financial year, according to fourth quarter (Q4) results, which beat expectations.

Sainsbury Q4 analysis

Sainsbury cuts discounters’ price lead

Sainsbury cut the price gap between it and discount retailers such as Aldi and Lidl in its fourth financial quarter (Q4), reflecting the discounters’ flagging momentum, a leading analyst has...

Dragons’ Den’s food and drink investments – in pictures

Since its inception in 2005 BBC’s Dragons’ Den programme has constantly invested money in food and drink businesses.

500 new Lidl distribution centre jobs

Lidl’s proposed 41,806m² new distribution centre would create up to 500 jobs and be the discounter’s 11th in the UK if plans were approved.

Morrisons should make manufacturing ‘a weapon’

Morrisons’ new chief executive David Potts should make food manufacturing “a weapon”, as he battles competition from the other big four retailers and the hard discounters, according to a leading City analyst....

Whisky slump prompts budget action plea

The Scotch Whisky Association (SWA) is urging chancellor George Osborne to cut duty by 2% in his March 18 budget, after it emerged the UK Scotch market fell by nearly 5% last year.