Breaking News on the Food and Drink Manufacturing Sector

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Dairy Crest bears £36M costs as profits nose dive

Dairy Crest bore £36.3M of costs in the past year, which dragged pre-tax profits down significantly for the business, while revenue also fell.

M&S’s profit ‘depends on food suppliers’

Upmarket retailer Marks & Spencer’s (M&S’s) first return to profit in four years reflects the strength of its relationship with its food suppliers, according to market analyst Conlumino....

Booker buys Budgens and Londis chains for £40M

The Booker Group, the UK’s largest cash and carry wholesaler, has agreed to buy Budgens and Londis for £40M.

Food sales helps M&S to first profit in four years

Rising food sales and new product innovation has helped Marks & Spencer (M&S) post its first full-year rise in profits for four years.

Food start-ups share top tips

Food and drink start-ups should have a strong brand identity, continuously improve their product and research both the market and consumer response to their product.

Asda must ‘hold its nerve’, as sales slide: boss

Asda should “hold its nerve” urged ceo Andy Clarke, as first quarter like-for-like sales fell 3.9% for the 15 weeks to April 19 2015.

Food manufacturers ‘want to be part of strong EU’

Food and drink manufacturers “want to be part of a strong EU”, Ian Wright, Food and Drink Federation (FDF) director general has told this website, ahead of a key business leader’s speech...

Greencore invests in new product development

Greencore is investing in longer shelf-life products to boost efficiency and cut waste and hot snacks to meet continued growth in demand for food-to-go, according to chief financial officer Alan...

Premier Foods confident in brands despite sales fall

Premier Foods claims its strategy of brand investment is paying off, despite reporting branded sales down 4.1% to £683.7M for the year to April 4 2015.

News in brief

Job threat as Mariner Foods enters administration

Jobs are threatened at Mariner Foods after the seafood business entered administration on May 5, having been set up just three years ago.

Metcalfe’s Skinny and Itsu to form separate firms

Metcalfe’s Food Company aims to split in half, forming separate businesses for its Metcalfe’s Skinny popcorn and Asian food-to-go brand Itsu Grocery to enable greater focus on each.

Morrisons’ boss David Potts seeks Sir Ken’s advice

Morrisons’ ceo David Potts has enlisted the help of the store’s former boss Sir Ken Morrison in his bid to revive the fortunes of the beleaguered retailer.  

Scottish food industry to get £70M

Scotland’s food industry will get £70M as part of the new Scottish Rural Development Programme (SRDP) 2014–2020, which is expected to receive formal EU approval shortly.

Weak euro threatens food’s export boom

Food industry exports could be hit by challenging exchange rates, calling the sector’s recent growth into question, figures show as one of Britain’s biggest manufacturers urges the UK to leave...

Why small food firms should shun major retailers

Small food and drink businesses should shun the big four supermarkets and consider other routes to market that might be more suitable for their product, according to a number of...

New Poundworld owner to invest in new stores

Poundworld Retail’s store expansion drive will accelerate in the wake of its acquisition by private investment firm TPG, according to a statement by the new owner.

SABMiller buys London craft brewer Meantime

Drinks multinational SABMiller has acquired London craft brewery Meantime Brewing Company, continuing the recent trend of beverage giants investing in craft brewers.

Major retailers pressed to secure shop floor jobs

Unite the union has pressed the UK’s biggest retailers to secure shop floor jobs, following a spate of major redundancies in response to mounting pressure from the discounters Aldi and...

Bakkavor’s focus on UK, US and Asia ‘working well’

Bakkavor’s strategy of focusing on the UK, US and Asia is “working well”, according to the firm’s first-quarter results for the 13 weeks to March 28, which revealed revenue up...

UB plans further multi-million pound investments

United Biscuits (UB) will boost its overall output by pumping millions of pounds into its UK manufacturing facilities, following an initial £50M investment at its Harlesden site.

Quitting EU is manufacturers’ ‘biggest threat’

Quitting the EU is “the biggest threat” facing manufacturers, warned the manufacturing organisation EEF, as business leaders and analysts highlighted the key importance of EU membership.

APS Group snaps up Wight Salads

APS Group’s acquisition of Wight Salads Limited (WSL) from Vitacress will enable it to become the UK’s largest grower and seller of British tomatoes, it has claimed.

Allied Bakeries shrugs off Tesco dropping Kingsmill bread

Allied Bakeries (AB) won’t be stung by Tesco’s decision to drop the bakery giant’s flagship Kingsmill bread brand, Nick Law, AB’s operations director has claimed.

Break down barriers to retail buyers

Barriers to retail buyers can be smashed by food and drink entrepreneurs, according to the founder of business support organisation Enterprise Nation.

Election 2015

Food manufacturers mull Conservative victory

Food and drink manufacturers are pondering the impact of the Conservatives’ election success, as David Cameron prepares to form his second government as Prime Minister.