Breaking News on the Food and Drink Manufacturing Sector

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Election 2015

Politicians ‘pull the other one’ – down the pub

The Campaign for Real Ale (CAMRA) received a big political boost today (May 1), as the top contenders for Prime Minister David Cameron and Ed Miliband both joined 1,000 other...

Election 2015

TV presenter Andrew Neil predicts Labour minority government

The financial markets will respond badly to any minority Labour government which, according to veteran political commentator and TV presenter Andrew Neil, is the most...

Kerry Foods reports ingredients deals

Two Kerry Foods ingredients deals were clinched in the past month, the company reported in an interim statement.

Napier Brown sale prompted by quota abolition

The sale of sugar business Napier Brown was prompted by the 2017 abolition of EU sugar beet quotas and buyer Tereos will support its future growth, owner Real Good Food...

Divine Chocolate unites US and UK businesses

Divine Chocolate’s merger of its US and UK businesses will boost the power and profits of both operations, the firm has claimed.

Nichols’ drinks deal offers strategic benefits

Nichols’ acquisition of a minority stake in slush and milk drinks distributor Noisy Drinks Co offers both firms considerable benefits, according to one leading analyst.

News in brief

Food Manufacture gets new mobile format

Improved modern design is the key feature of the Food Manufacture Group’s new mobile website launched yesterday (April 28).

Greggs’s ‘strong’ results praised by analysts

High street baker Greggs has posted own-shop like-for-like sales up by 5.9% in the first four months of the year, in “a strong” set of results, according to the analyst...

Ditched Morrisons’ boss gets £1M bonus

Former Morrisons’ ceo Dalton Philips – ditched by the retailer in January – has received a £1M bonus, taking his total pay for last year to £2.1M, according to the...

Election 2015

Small food firm bosses 'back Conservative policy'

Small food and drink firm bosses – including a dairy, a butchery and a confectionery manufacturer – have signed a letter of support urging the Conservatives be “given the chance to...

News in brief

Waitrose boasts ready meals growth

Ready meals and food-to-go sales soared at Waitrose last week, with Bigham’s and Waitrose own-label Traditional British lines achieving strong sales growth.

Processing space available at £20M fish park

Plans for Fleetwood Fish Park will officially be launched on May 5 and seafood processors will be able to secure space at the 13,000m2 Lancashire site, which will create up...

Loch Duart Smokehouse halts Outer Hebrides ops

Scottish salmon farmer Loch Duart has halted operations at the Outer Hebrides smokehouse it bought in 2008.

Sir Ken loses £167M as Morrisons’ shares plummet

Sir Ken Morrison, former boss of Morrisons, has lost £167M in the past year as the value of the shares he holds in the business has dropped, according to The...

800 Sainsbury job cuts ‘concerning’

Sainsbury’s proposals to cut 800 jobs across some of its stores to save £500M have left trades union officials concerned.

Sainsbury to axe 800 jobs and save £500M

Sainsbury will cut 800 jobs in a store-management restructure to save £500M over the next three years.

Holland & Barrett to open 50 ‘free-from’ stores

Holland & Barrett aims to launch 50 ‘free-from’ food stores over the next two years, with the first new concept outlet, dubbed ‘More’, opening its doors in Chester today (April 23).

Signs of hope after Tesco’s ‘dismal’ year

Tesco has suffered a ‘dismal’, ‘nightmare’ year, “struggling to reassert its dominance”, but is showing signs of hope for the future, according to analysts.

News in brief

Management reshuffle Potts’s most ‘significant’ bit of business

The widespread management reshuffle at Morrisons has been the most significant activity at the retailer since David Potts took over in March, according to an exclusive poll on this website.

Tesco posts its worst ever pre-tax loss of £6.4bn

Tesco has posted a pre-tax loss of £6.38bn for its financial year to the end of February – the worst result in its 96-year history.

Food suppliers ‘devastated’ by supermarket price war

Supermarket price war continues to “devastate” small-scale food and drink suppliers, as they fight a David and Goliath style battle with the big retailers, warns business recovery specialist Begbies Traynor....

Pork Farms and Kerry Foods deal set to clear

Pork Farms’s purchase of Kerry Foods’s chilled savoury pastry factories at Poole, Dorset, and Spalding in Lincolnshire, has been provisionally cleared by the Competition and Markets Authority (CMA).

Iglo Foods sold to Nomad for £1.87bn

Frozen food firm Iglo Foods has been snapped up by investment firm Nomad Holdings for £1.87bn (€2.6bn), in a deal announced on Monday (April 20).

Election 2015

Food industry ‘better’ with Conservatives: expert

Food and drink manufacturers would be disadvantaged by a Labour coalition with the Scottish National Party (SNP) and would instead prefer another Conservative government, according to a leading analyst.

Election 2015

Industry stagnates as suppliers cut investment

UK industry – including food manufacture – is in a “state of stagnation” as suppliers cut investment and impose recruitment bans and pay freezes until May’s general election, experts have claimed.