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Exclusive interview: IGD 2014 Convention

Brands must target occasions, consumption, says Premier Foods

Premier Foods is targeting eating occasions and changing shopper habits in order to boost sales of brands such as Mr Kipling cakes and Ambrosia desserts, according to its boss Gavin...

IGD convention 2014

Boost declining sales with lower prices, retailers told

Supermarkets must work on lowering prices instead of relying on promotions, if they are to boost their declining sales, delegates at IGD’s annual Convention were told yesterday (October 7).

Freedom Food will boost its foodservice presence

Freedom Food will tap into the foodservice sector for business in the next 12 months to increase funds and to boost its overall consumer presence, the organisation’s new ceo has...

Supermarket price war to sting M&A activity

Mergers and acquisitions (M&A) in the food and drink manufacturing sector will be stung by the worsening supermarket price wars, a leading analyst has warned.

Morrisons’ points system takes on the discounters

Morrisons has launched a price match points system for customers in its latest attempt to take on the discounters.

Aldi’s and Lidl’s surge could be ending – analysts

The upsurge of the discounters may finally be over as the “imploding” big four take decisive action to tackle them, leading city analysts have claimed.

PPMA 2014

Discounters less likely to breach the Groceries Code

Discount retailers, such as Aldi and Lidl, are less likely to breach the Groceries Supply Code of Practice (GSCOP) than the big four, the Groceries Code Adjudicator (GCA) Christine Tacon...

PPMA 2014

Millions of pounds in fines for supermarkets: Tacon

Fines of hundreds of millions of pounds could be imposed on retailers if they are found to be in breach of the Groceries Supply Code of Practice (GSCOP).

News in brief

Tesco FCA investigation is ‘another black mark’

The Financial Conduct Authority’s (FCA’s) investigation into Tesco’s overstated half-year profit guidance is another “black mark” for the retailer, city analysts have said.

Graze’s online sales of healthy snacks hit £53M

Graze, the online retailer of healthy, portion-controlled snacks, which are sold direct to the consumer, continues it meteoric rise as it today reports a 31% increase in sales to £52.7M...

Aldi’s caviar plan to catch wealthy shoppers

Aldi will attack the premium end of the food market by targeting wealthy consumers this Christmas, bosses have said, after announcing a 65% increase in its UK profits to £260.9M.

UK competition authority shelves British Sugar probe

British Sugar has temporarily avoided a costly and time-consuming investigation into its market practices, with the Competition and Markets Authority (CMA) confirming it will not pursue the probe for now.

Seabrook’s profits crisp up after stale period

Seabrook Crisps has returned to growth after reporting a £1.8M loss in 2012 and is now boasting a post-tax profit of £1.3M for this year.

United Biscuits bid: Kellogg strong contender

A trade buyer looks set to acquire United Biscuits (UB) if a sale is decided upon, with Kellogg a strong contender among three core bidders, according to an industry expert....

Leicester snacks company creates 56 jobs

Universal Flexible Packaging (UFP) is investing £11M in a new snack factory in Lewisher Road, Leicester, which will create 56 jobs as it shifts production from its Lunsford Road facility.

Bingham and Jones reveal £10M savings for supermarket

Ready meal industry mavericks Jonny Bingham and David Jones have claimed they can save one retailer up to £10M in food waste with a new chilled ready meal format.

Premier Foods’s rejig may alter little, says expert

Premier Foods’s creation of three strategic business units (SBUs) may change little, as the company still faces major challenges if it is to progress, according to one industry expert.

Baxters invests in training for its future supervisory stars

Aberdeen-based soups and condiments manufacturer Baxters has bolstered its commitment to developing skills in Scotland’s food and drink industry through its Supervisors for the Future programme.

News in brief

Mary Berry sells dressings, sauces and chutney firm

Mary Berry, star of BBC One’s The Great British Bake Off, has sold her dressings, sauces and chutney business Mary Berry & Daughter to fine foods distributor RH Amar.

Workers ‘devastated’ as 186 KP Snacks jobs face axe

KP Snacks’s plans to close factories at Consett in County Durham and Corby in Northamptonshire, threatening up to 186 jobs, have ‘devastated’ longstanding workers there, according to trades union GMB.

Launch of snacks firm Brighter Foods creates more than 35 jobs

The launch of Brighter Foods has created more than 35 job roles in the snack foods sector in Mid-Wales.

Breaking News

Jordan brothers in major breakfast cereal deal

David and Bill Jordan, the brothers who launched the Jordans cereals brand, have taken over ownership of European Oat Millers (EOM), a major supplier of breakfast cereal ingredients and own-label breakfast cereals....

38,000 jobs could be created by SMEs in 2015

Nearly 40,000 new food and drink manufacturing jobs could be created within the next year, as small and medium-sized enterprises (SMEs) prepare to spend more money on staff.

Consumers worried about food quality and safety

More than 40% of consumers are worried about the quality and safety of ingredients in prepared food from supermarkets, according to independent research firm RPA.

Heinz baby food recall prompts global standards call

Heinz’s recall of some infant cereal products in China after excessive quantities of lead were detected in ingredient samples has prompted calls for tough global food standards.