17-Apr-2014 - 2 Sisters Food Group suffered a loss of £16M in its last set of annual results, covering the 52 weeks to July 27, 2013.
17-Apr-2014 - Tesco’s latest results – featuring its 6% slump in operating profit – deliver six key pointers about the future direction of the business, including the prospect of sharper price competition, according to financial analyst Morgan Stanley.
17-Apr-2014 - Premier Foods is now set for growth after completing “a transformational restructuring” of its balance sheet, said City analyst Shore Capital in a note titled ‘At last, it’s time to get on with the day job’.
16-Apr-2014 - A last minute cash injection has saved 200 jobs and 35 shops at West Cornwall Pasty Company after it hit hard times and called in the administrators.
16-Apr-2014 - Tesco has posted operating profit down by 6% to £3.3bn and like-for-like sales down by 1.4% in full year results to February 22, due to “challenges in the UK and Europe”.
15-Apr-2014 - Herb and spice manufacturer The Barts Ingredients Company has acquired sauce and paste business OTP Foods in a multimillion pound deal funded by bank Santander Corporate & Commercial.
14-Apr-2014 - Cupcakes to flapjacks firm Fabulous Bakin’ Boys (FBB) fell into administration after overspending on equipment and taking its eye off brand investment, according to new md Richard Cooper.
14-Apr-2014 - 100 jobs have been saved at Fabulous Bakin’ Boys as Dutch bakery business Daelmans Group rescued the struggling firm from administration.
14-Apr-2014 - Shoppers’ growing preference for convenience stores was revealed in the latest grocery sales data from market insights company Nielsen.
14-Apr-2014 - Carr’s Milling will target home baking as a core area for flour development as its investment in plant and equipment brings burgeoning benefits for the sector, according to ceo Tim Davies.
11-Apr-2014 - Food and drink manufacturers have hailed the success William Reed Business Media’s Food & Drink Expo and Foodex trade shows brought them in terms of ideas and listings.
11-Apr-2014 - Fruit and vegetable processor Place UK has boosted sales by 50% in the past three years and is on track to meet its £30M target in the next two.
11-Apr-2014 - Big food and drink manufacturers should invest in small firms to protect their income streams and benefit from injecting an innovative and entrepreneurial spirit into their businesses.
11-Apr-2014 - Britain’s big four supermarkets have been “totally and utterly complacent”, in failing to keep pace with key developments in retailing and are now paying the price, warns a leading City analyst.
09-Apr-2014 - Turmoil in the British retail market is due more to the complacency of the big four major supermarkets than the popularity of the hard discount stores Aldi and Lidl, according to a leading City analyst.
09-Apr-2014 - 2 Sisters Food Group has confirmed the closure of its Solway Foods factory in Corby, Northamptonshire, which employs more than 900 people, will go ahead.
09-Apr-2014 - Food, agriculture and engineering firm Carr’s Milling has acquired precision engineering subcontractor Chirton Engineering for an initial payment of £2.7M.
08-Apr-2014 - Posh retailer Waitrose is preparing for UK expansion, fuelled by convenience stores in south eastern England and new sales in northern England, Scotland and Northern Ireland.
07-Apr-2014 - The horsemeat scandal was caused by “a more for less” culture in the food supply chain, which highlights the benefits of manufacturing branded products compared with own-label, said Warburton’s boss Jonathan Warburton.
07-Apr-2014 - Asda’s parent company Walmart has revealed plans to create up to 12,000 new jobs in the UK over the next five years.
07-Apr-2014 - The Co-operative Food business has leased 54 pub sites from the Marston’s public house portfolio, owned by NewRiver Retail, as part of its plan to open 150 food stores a year across the UK.
07-Apr-2014 - Tesco may need to restructure its board following news that its chief finance officer (cfo) Laurie McIlwee is to leave the business, according to leading food industry analyst Clive Black.
07-Apr-2014 - Weetabix has confirmed it has started a consultation with its UK staff to cut pay and working hours in response to increasing pressure from supermarket own-label products and the discounters.
04-Apr-2014 - The Eurozone project to link the economies of 17 EU Member States will remain “a source of weakness and instability”, warns former cabinet minister Michael Portillo, as new export figures confirm European sales account for 75% of total food and drink exports.
04-Apr-2014 - Altogether 97 jobs could be affected at Heineken UK's Universal Beverages Ledbury (UBL) plant as it shifts cider production to Hereford and invests £58M there, the company has confirmed.