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Tesco’s haemorrhaging sales slow

Tesco boss Dave Lewis has slowed the retailer’s haemorrhaging sales, as his plans to regain customers from the discounters Aldi and Lidl achieved a dip of just 1.3%, its first...

Big four’s market share ‘gone for good’: analyst

Tesco, Asda, Sainsbury and Morrisons will never recover the market share they have lost to the discounters Aldi and Lidl, because they remain “too big and too slow” to react...

Discounters open more stores than big four

The discounters, such as Aldi and Lidl, are opening twice as many stores as the big four, new research from the Local Data Company (LDC) has shown.

Smaller executive board for Morrisons – analysts

Morrisons’ boss David Potts is likely to recruit a smaller executive team after another board member ditched the retailer this week, city analysts have predicted.

Porn ketchup link leaves Heinz red faced

Heinz has been left red faced after a promotional quick response (QR) code on a bottle of ketchup sent a customer to a hardcore pornography website.

Poundland sales top £1bn for first time

Discount retailer Poundland has posted sales up by 11.8% to top £1bn for the first time, in full-year results to March 29 but warned trading in the first half of...

News in brief

Premier Foods’s profit forecast upgraded

Premier Foods’s profit forecast has been upgraded by City analyst Investec.

Nestlé to lose millions of pounds due to Maggi recall

Food giant Nestlé is set to lose more than £127M and suffer brand damage worth billions of US dollars, after India banned its Maggi noodles on food safety fears, warns...

Premier’s disputed pay-to-stay plan ‘a success’

Premier Foods’s boss Gavin Darby has once again vehemently defended the company’s so-called Invest for Growth plan, despite trading profits being down £8.9M on last year.

Nestlé Maggi noodles in UK food safety probe

Nestlé’s Maggi noodles are being probed by the Food Standards Agency (FSA), after Indian authorities ruled the products were “unsafe and hazardous” due to the presence of high levels of lead....

Morrisons’ Potts makes more price cuts

Morrisons boss David Potts has today (June 8) slashed up to a third off the prices of 200 everyday items in his latest bid to turn the beleaguered retailer’s fortunes around.

500 new jobs at discounter B&M

Northern discounter B&M will create 500 jobs at two new warehouses, it confirmed after reporting 2014 sales of £1.6bn last week.

Conservatives may consider privatising the AHDB

The future of the agriculture levy boards, which form part of the Agriculture and Horticulture Development Board (AHDB,) in public hands could be in doubt following the suggestion by a...

Top business women build beehives in Africa

Senior women business leaders from the the food and drink industry – including managers from 2 Sisters Food Group, Bakkavor and the Food Manufacture Group’s publisher William Reed Business Media – are completing a week...

Aldi and Lidl on a path to destruction?

Discounters Aldi and Lidl could be on a path to destruction, potentially becoming “the person they tried to beat”, if their growth is mismanaged, leading city analysts have warned.

B&M to open 60 stores after profit surge

Discounter B&M will open 60 new stores in the UK, after reporting substantial revenue growth in the first set of results following its £2bn initial public offering (IPO) last year....

Tesco loses to Aldi in global brand rankings

Tesco has been overtaken by Aldi in the top 20 most valuable global retail brands list, while Lidl made it onto the list for the first time.

UK ‘crucial’ to a successful Europe: business leaders

UK businesses play a crucial role in Europe’s economy and any decision to leave the union would be grave for EU economies as well as the UK’s.

Cool Chile gears up for next stage of growth

Cool Chile is targeting further growth through new product development and plant investment.

Investment to stop until EU referendum – EEF

Investment in manufacturing will cease if the prime minister does not hold a referendum on EU membership at the earliest opportunity, the manufacturers’ organisation EEF has said.

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.

Premier Foods plans more innovation

Premier Foods is stepping up innovation plans, after seeing gains from initial steps in the past year, ceo Gavin Darby claimed as he reported on full-year results at an analyst...

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.

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.

Home-grown brands popular among Brits

Six of the 10 most popular food and drink products in the UK are based there, according to data from Kantar Worldpanel.