Breaking News on the Food and Drink Manufacturing Sector

Headlines > Business News

Tesco’s plan likely to rock the whole industry

Tesco’s plan to tackle its plight is likely to have big implications for the whole of the food industry, according to Shore Capital analyst Clive Black.

Sainsbury at low ebb, vulnerable to Tesco recovery

Sainsbury’s suffering can “only intensify” according to one analyst, as the retailer’s poor third financial quarter (Q3) results highlighted its vulnerability should Tesco begin to recover from a tough 2014....

Waitrose in ascendant in Christmas sales battle

Waitrose’s Heston sub-brand helped boost Christmas sales, claimed the retailer, which was the likely ‘clear winner’ among the supermarkets over the festive period according to one food industry analyst.

Sainsbury and Asda launch price offensive

Sainsbury and Asda have announced massive price cuts less than a week into the New Year as the traditional supermarkets continue to feel the menace of discounters Aldi and Lidl.

News in brief

Late spurt for Christmas supermarket sales

Supermarket grocery sales recovered in the fortnight up to and including Boxing Day after a lacklustre performance before that, according to Information Resources International (IRI).

Diluted growth prospects for Britvic

Fruit Shoot manufacturer Britvic faces a tough challenge to boost profits this year in a soft drinks market experiencing diluted growth prospects - despite the firm’s US expansion plans -...

Asda boss warns of another tough year for supermarkets

British supermarkets face another tough year forcing some to consolidate, the boss of Asda Andy Clarke has predicted in two separate interviews.

Tesco finances face new probe

Troubled supermarket giant Tesco faces a fresh probe into its accounts by the Financial Reporting Council (FRC).

Thorntons issues Christmas profits warning

Thorntons has issued a Christmas profits warning, telling investors profits will be lower than expected due to a slump in supermarket orders.

Beer bounces back this year: Mintel

More British drinkers said cheers to beer this year, as sales bounced back from recession, according to market research organisation Mintel.

Christmas sales strongest for 25 years

Britain’s beleaguered retailers are experiencing their strongest pre-Christmas sales for 25 years, with grocery sales showing the sharpest rises.

Boparan boss blames profit fall on tough market

Boparan boss Ranjit Singh – ceo of the 2 Sisters Food group – has blamed the firm’s nearly £7M fall in like-for-like (LFL) operating profit on tough trading conditions.

SMEs need more support to avoid losing online sales

Small businesses should receive more government funding to help boost their online presence and prevent them missing out on £165bn of online sales, according to the Federation of Small Businesses...

Cuckoo calls for foodservice push

Cuckoo aims to quadruple sales of its Bircher muesli brand to £500,000 by the end of 2015 by targeting expansion in foodservice outlets as well as boosting retail growth.

Pre-Christmas sales show Aldi, Lidl stay strong

The grocery market returned to growth in the 12 weeks to the end of December 7, with continued success for Waitrose and discounters Aldi and Lidl, according to Kantar Worldpanel data.

Premier Foods admits mistakes over pay-to-stay plan

Premier Foods boss Gavin Darby has admitted mistakes were made in the implementation of the highly controversial stay-to-pay plan.

Greggs’s full-year profits ‘ahead of expectations’

High-street baker Greggs predicted full-year profits will be ahead of analysts’ expectations, after posting own shop like-for-like (LFL) sales up by 5.2% for the 24 weeks to December 13.

Supply chain bullying: Five things to beware

Food manufacturers and other firms should beware five unfair practices that larger businesses use to bully their suppliers, according to the Federation of Small Businesses (FSB).

News in brief

Nestlé creates 150 jobs at coffee capsule plant

Nestlé has created 150 jobs at its Hatton coffee capsule factory in Derbyshire as part of ambitious expansion plans there.

Government funding proposals for SMEs fall short

Government action to improve cash support for small-to-medium-sized enterprises (SMEs) is only a small step in the right direction, according to the Federation of Small Businesses.

Doubts persist about Ocado’s Waitrose contract

Fears remain over the long-term viability of Ocado’s contract with Waitrose as the upmarket supermarket looks set to develop as a direct competitor to the online retailer, a leading analyst...

News in brief

Giant advent calendar showcases food firm’s growth

A giant advent calendar arrived in Brighton today (December 11) to showcase food ingredients firm Besmoke as one of 24 business that have benefited from government support over the past year.

Sprouts and mince pies hit in pre-Christmas sales

A slowdown in pre-Christmas food sales in traditional grocery retailers has hit Brussels sprouts and mince pies the hardest, according to data analyst Information Resources (IRI).

Tesco issues yet another profit warning

Troubled supermarket giant Tesco has posted another profit warning, declaring that its full-year results will be significantly below expectations. 

Duck producer wins top marketing award

Gressingham Foods, the duck producer and processor, has been awarded the annual Excellence in Marketing Award by the Food, Drink and Agricultural (FDA) sector interest group of the Chartered Institute...