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Irish firms ‘better prepared for Brexit’: Greencore

Irish businesses – including food and drink firms – are better prepared for Brexit than their UK counterparts, according to Greencore boss Patrick Coveney.

Weetabix invests £30M but warns of price rises

Weetabix will invest £30M in its Northamptonshire factories to expand its UK and international brands, the company’s chief executive revealed, but also warned of price rises as the pound’s value...

Tesco’s £3.7bn deal with Booker ‘to benefit suppliers’

Tesco says its £3.7bn merger with food wholesaler Booker will give suppliers “a broader market opportunity and strong growth prospects”, claiming the deal will create the “UK’s leading food business”....

Tesco was ‘smart’ in £3.7bn deal with Booker

Tesco’s £3.7bn mega merger with Booker will give the business first-mover advantage in competing against online giant Amazon, analysts claimed, as consumers are increasingly shopping online.

Unilever’s food sales and profits rise

Unilever Foods reported a 2.6% rise in underlying profit in its full-year trading update, despite the manufacturer’s operating margin falling 0.3%.

Diageo’s profits boosted by US sales

Alcoholic beverages giant Diageo has posted operating profits of more than £2bn in its interim report released yesterday (January 26), boosted by improved performance in the US.

BD Foods creates 40 jobs

Up to 40 jobs are to be created at sauce and marinade manufacturer BD Foods, as the firm moves into a custom-built factory in St Leonards, Hastings.

Winning BBC food award ‘shifts the business up a gear’

Winning a BBC Food and Farming Award “shifts the business up a gear”, according to the winner of last year’s Future Food Award, diversified dairy Our Cow Molly....

Irish dairy exporter to buy Cheshire cheesemaker

Irish dairy exporter Ornua has agreed to buy Cheshire-based cheese firm FJ Need (Foods) for an undisclosed fee.

Business Leaders’ Forum

Apprenticeship Levy under fire at the Business Leaders’ Forum

The Apprenticeship Levy came under fire from Paul Wilkinson, chairman of the National Skills Academy for Food and Drink, at the Business Leaders’ Forum yesterday (January 24).

Food manufacturers’ trade mission to boost US exports

Food manufacturers from Yorkshire and Humber are set to boost exports to the US, following a trade mission to San Francisco.

2 Sisters owner confirms Fox’s Biscuits takeover bid

2 Sisters owner, Boparan Holdings, has received an offer for its Fox’s Biscuits business by a mystery bidder, it revealed last week (January 19).

Heineken confirms talks to buy Brazilian beer firm

The Dutch brewing giant Heineken has confirmed talks with the Japanese group Kirin to buy its Brazilian beer business.

Iceland HQ investment to ‘benefit suppliers’

Iceland’s suppliers are to benefit directly from the retailer’s second phase of a £5M investment programme at its headquarters in Deeside, Wales, claimed the retailer.

The Apprentice winner’s cake firm re-brands

The Apprentice winner Alana Spencer has completed her bakery firm’s brand transition to Ridiculous Rich by Alana, as January proves to be its busiest month so far.

Finsbury Food’s UK sales fall 2.9% as pound drops

Speciality cake and bread manufacturer Finsbury Food Group reported “solid trading” in its half-year financial update, despite UK sales falling by 2.9%.

Premier Foods starts £10M cost-cutting plan

Premier Foods has launched a £10M cost-saving plan, after it reported a 10% drop in annual expected profit in its third-quarter trading update.

The UK is to quit Single Market: PM’s Brexit speech

The UK is to quit the EU Single Market of 500M consumers – the biggest market for British food and drink exports – Prime Minister Theresa May has confirmed in...

Greggs posts 7% sales boost after strong Christmas

High street baker Greggs reported its 13th consecutive quarter of like-for-like sales growth after a strong festive period, as full-year sales increased by 7% in its latest trading update.

Irish food and drink exports top €11bn despite Brexit

Irish food and drink exports have topped €11bn (£9.76bn) annually for the first time – but the value of exports to the UK fell by 8% following currency fluctuations and...

Mondelēz to increase Freddo price 20% to 30p

Mondelēz International has blamed increased costs for the expected 20% price rise of its Freddo chocolate bars to 30p this spring.

Hilton’s trading update reports positive 2017 outlook

Meat producer Hilton Food Group has reported a positive outlook for 2017 – with plans for further global expansion – in a trading update for the 52 weeks ending January...

Premier Foods’s 5% price rise plan slated by union

Brexit-related food price rises must not be used as an excuse to exploit workers and customers, the GMB union urged, after Premier Foods revealed it was in talks with retailers...

Tesco fresh food sales drive festive growth

Tesco reported a 1.1% rise in total sales in the 19 weeks to January 7, including a 1.3% rise in like-for-like food sales over the Christmas period.

Müller to cut more than 300 jobs

Müller is to axe more than 300 jobs, after confirming plans to shut down operations at its north east London factory, while creating 180 new jobs alongside wider restructuring plans.