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Breaking News on the Food and Drink Manufacturing Sector

Sectors > Ambient foods

Premier Foods ‘probably a zombie company’: City

Debt-laden food manufacturer Premier Foods is probably “a zombie company”, according to City analyst Panmure Gordon.

Walkers crisps supplier to move 150 jobs to Hungary

A Merseyside factory that manufactures flavours for Walkers crisps is moving 150 British jobs to Hungary.

Beanz means mergers and acquisitions

The food industry’s biggest ever takeover was announced over the past month with the sale of Heinz to a consortium led by the sage of Omaha, Warren Buffett, and Brazilian...

Olive oil prices to rocket as Spanish drought cuts harvest by 62%

Spanish olive production is in “crisis” after suffering a drought that has cut yields by 62% and is set to push up the global price of olive oil.

Symington’s returns noodle making to UK from China, creating 50 jobs

About 50 new jobs will be created in Yorkshire when Symington’s transfers production of its noodles from China to the UK.

90 jobs at risk as Brakes outsources desserts to Greencore

Foodservice supplier Brakes has put 90 jobs at risk by deciding to outsource desserts production from its subsidiary division Creative Foods in Cornwall to Greencore’s Ministry of Cake company in...

Premier Foods: the six key challenges: City

Premier Foods faces six key challenges – including: managing consumer demand uncertainties, reducing its borrowing and grappling with its pension deficit – according to City analyst Investec.

Soaring online sales divert IT from data work

Britain’s multiple retailers are devoting so much IT resource to fulfilling soaring demand for online grocery sales that work on developing the Global Data Synchronisation Network (GDSN) with their suppliers...

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Chasing rainbows: Natural colours and supply chain control

As demand for natural food colours grows, suppliers and their customers are paying more attention to traceability and supply chain control. Paul Gander reports.

Premier Foods: ‘handle with caution’, says City

Premier Foods’ full-year results for the year ended December 31 2012 divided City analysts but all agreed its debt mountain continued to give cause for concern.

Premier Foods could be forced to sell power brands: City

Britain’s biggest food manufacturer Premier Foods could be forced to compromise its recovery plan by selling key power brands to boost its troubled balanced sheet, according to a leading City...

Unions seek British jobs assurances in wake of shock £18bn Heinz takeover

Union bosses are seeking urgent meetings with the new owners of Heinz after it was snapped up by a consortium led by US investor Warren Buffett in a shock £18bn...

Premier Foods’ ‘revolving door’ slammed after another boss leaves

City analyst Investec has criticised the “revolving door” at Premier Foods, after another key member of its management team left the firm this week.

News in brief

Versatile lid spices up herbs and seasoning products

Increasing competition from own-label, as well as more attention to consumer preferences, is helping to usher in fresh packaging innovation in herbs and spices.

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The gold crush

Crushing rapeseed is a booming business, as Gary Scattergood discovers

Premier Foods parts company with Geoff Eaton

Four months after joining Premier Foods, its chief operating officer Geoff Eaton has left the firm, on the same day (February 4) its new ceo Gavin Darby, joined the debt-laden...

News in brief

Premier Foods completes sale of pickles business

Britain’s biggest food manufacturer Premier Foods has confirmed the completion of the sale of its sweet pickles and table sauces business to Mizkan for £92.5M in cash.

Premier Foods boss Michael Clarke in shock exit

The boss of Britain’s biggest food manufacturer, Premier Foods, has quit the debt-laden company today (January 28) after only 18 months, in a move that surprised City analysts.

Premier Foods issues ‘short and sweet’ trading statement

Premier Foods' "short and sweet" trading statement issued yesterday (January 17) reveals the progress senior management is making in reviving the fortunes of the debt-laden food manufacturer, according to City analysts....

PepsiCo’s machines replace people as 87 jobs come under threat at Walkers

PepsiCo is considering replacing 87 staff with modern packaging machines at its Walkers crisps factory in Lincoln.

Microsphere technology cuts sodium

Tate & Lyle says its new salt reduction ingredient, Soda-Lo Salt Microspheres, enables manufacturers to reduce salt levels by up to 50% without sacrificing on a product's taste.

Dragons’ Den sauce sisters on road to Levi Roots fame

Dragons’ Den’s sauce manufacturing sisters Lisa and Helen Tse are on the road to achieving their dream of making their Chinese sauces as big as Levi Roots’ Reggae Reggae brand....

News in brief

Food manufacturing boss repays £1.7M bonus

A former boss of Kettle Chips maker Diamond Foods has pledged to repay two years’ bonuses and resigned his position after a financial scandal engulfed the business earlier this year.

Snack food firm faces £40,000 fine after Border Agency Raid

An Asian snack food supplier in Chadwell Heath, north east London is facing a £40,000 fine after four men were arrested on suspicion of working illegally in Britain during a...

Premier plans US invasion of the Power Brands

Premier Foods has confirmed reports that it is in talks with US supermarket chain Wal-Mart in a bid to launch its Power Brands on the US market.