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Breaking News on the Food and Drink Manufacturing Sector

Headlines > Business News

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...

M&A deals to remain strong in 2015

More than £20.2bn was exchanged in food and drink business mergers and acquisitions (M&As) in 2014, according to figures from Catalyst Corporate Finance (CCF).

Premier Foods backtracks on pay-and-stay

Under fire Premier Foods has backtracked on its controversial ‘pay-and-stay’ programme, after a storm of criticism about its demands for suppliers to invest in the business or lose their listing...

Premier Foods launches charm offensive

Premier Foods has launched a charm offensive to win back public support after widespread criticism of its controversial ‘Pay and stay’ plan last week, with a list of suppliers that...

Food firm struggles linked to Premier-style investment demands

Half of food firms’ financial difficulties have been linked to companies demanding one-off payments from their suppliers in a similar way to Premier Foods, according to one industry expert.

Premier Foods denies ‘holding gun’ to suppliers’ heads

Premier Foods has denied accusations that it has mistreated suppliers by demanding unfair payments to continue trading with them.

Autumn statement gets praise and brickbats

Chancellor George Osborne’s last Autumn Statement before next year’s general election drew both praise and criticism from food manufacturers and economic commentators.

Vending machines to stock healthier items

Vending machines are about to undergo a revolution in the UK with new hot and cold food offerings set to create a completely new sales channel for manufacturers.

2 Sisters Food Group’s green plan creates 150 jobs

2 Sisters Food Group is investing millions of pounds in a green initiative that looks set to create 150 jobs as well as dramatically slashing its energy bills and greenhouse gas emissions.

News in brief

Christmas cheese ceremony features ‘Strictly’ dancers

‘Strictly Come Dancing’ stars Vincent Simone and Flavia Cacace were guests of honour at the Royal Hospital Chelsea for the 300-year-old Ceremony of the Christmas Cheeses. 

Produce World cuts 33 Scottish jobs to defend profits

Produce World has announced 33 redundancies amid plans to shift organic root vegetable packing from Forres in Scotland to Yaxley, near Peterborough – closer to the bulk of its organic produce activities.

Food boss wants R&D help from Autumn Statement

The chancellor’s Autumn Statement should deliver more incentives to encourage innovation and research and development, according to the boss of meat alternatives business Quorn Foods.

US Black Friday shopping craze hits UK

The US shopping craze Black Friday is sweeping Britain today, with the police called to quell supermarkets disturbances as shoppers jostled for the best buys, while some retailers slashed food and...

Arla restructure to spark 100 job cuts

Arla Foods plans to cut 100 jobs in the UK as part of a restructure to improve efficiency and competitiveness.  

Poundland, Woolworths with food, is ‘retail winner’

Poundland is “a retail winner”, judged a leading City analyst, after the discount chain posted soaring pre-tax profit growth of 34% to £12.6M in first half results.

Biltong firm announces acquisition

New World Foods Europe has bought Yorkshire-based Kings Biltong – the latest deal to be clinched in that sector in the past year.

Cranswick sandwich and pastry growth offsets falls elsewhere

Sandwich and pastry demand offset falling fresh pork sales for meat processor Cranswick in the first half of its financial year (H1), according to leading food industry analyst Clive Black.