Premier Foods facing battle after new bank deal

19-Mar-2012 - Premier Foods still has “a long way to go” following its key re-financing deal, according to city analysts, after the firm revealed a 29% fall in trading profit last year.

Greencore share price soars after FTSE listing

19-Mar-2012 - The soaring share price of chilled foods manufacturer Greencore is proof that its recent decision to switch to the London Stock Exchange was beginning to bear fruit, according to city analysts.

Premier Foods secures key bank deal

12-Mar-2012 - Premier Foods has confirmed that it has secured a new four-and-half-year re-financing package with its lenders that will allow the firm to continue its recovery after a troubled 2011.

Retailers’ restructuring to impact food manufacturers

12-Mar-2012 - The impact of retailers’ restructuring plans on their food manufacturer suppliers has divided city analysts.

Food firms reveal egg ban price fears

Food firms reveal egg ban price fears

09-Mar-2012 - Higher prices could result from the recent government agreement preventing illegal eggs being exported to the UK, according to food and drink manufacturers.

More Premier Foods disposals predicted soon

08-Mar-2012 - Premier Foods will be keen to make further disposals ahead of any deal with its lenders, according to city analysts, after Manchester jam manufacturer Duerr’s confirmed it was still considering a bid for Hartley’s jam.

Morrisons’ modernisation plan could hit sales

08-Mar-2012 - Morrisons’ plans to modernise its core business could hit growth at the multiple, according to city analysts.

Unilever changes pension proposals ahead of ballot

05-Mar-2012 - The row over changes to workers’ pensions at Marmite maker Unilever has moved closer to resolution after Unite the union revealed that the firm had made changes to its controversial proposals.

Greencore could attract more private equity interest

29-Feb-2012 - A private equity firm remains the strongest candidate for a bid for chilled foods giant Greencore, according to city analysts, as the firm prepares to switch over to the FSTE 100 next month.

News in brief

Premier Foods hosts Olympics dessert competition

29-Feb-2012 - Premier Foods has challenged the young manufacturers of the future to show-off their skills next month and create a new dessert for the Queens Diamond Jubilee or the London 2012 Olympic and Paralympic Games.

Premier Foods declines to comment on bank deal

29-Feb-2012 - Premier Foods has refused to comment on speculation that it has agreed a new deal with its lenders after the firm’s share price rose 6.5% to 12p yesterday (28 February).

Bakkavör blames Asda contract loss for job cuts

29-Feb-2012 - Fresh food manufacturer Bakkavör has blamed a key contract loss from retailer Asda for its decision to cut 140 jobs at its English Village Salads (EVS) business in East Yorkshire.

Hain Daniels' Covent Garden Soup comp gets sticky

29-Feb-2012 - Chilled foods manufacturer Hain Daniels has claimed that its Covent Garden Soup “Win a Farm” competition was fair and legal despite some entrants becoming outraged after no winning-prize was awarded.

Label change to boost chilled foods sales

27-Feb-2012 - Chilled foods look set to receive a further boost in sales following Sainsbury's decision last month to change its labelling to advise shoppers they can freeze many foods right up until the 'use by' date. Sainsbury's move is likely to be followed by other retailers. If so, it would make chilled foods even more attractive to waste-conscious, cash-strapped shoppers.

Premier Foods' Power Brands vital for bank confidence

24-Feb-2012 - Premier Foods’ Power Brand plan is vital to reduce debt and restore banking confidence, according to city analysts, as talks with the firm’s lenders continue ahead of its scheduled covenants test next month.

Cadbury sales hit £257M after Kraft buyout

22-Feb-2012 - Food manufacturing giant Kraft has confirmed that UK chocolate firm Cadbury had generated sales of about £257M ($400) since its controversial takeover last year.

News in brief

Kellogg may roll out Charlatans cereal

21-Feb-2012 - Indie rock legends The Charlatans may have created a new breakfast snack after Kellogg revealed that a cereal made especially for singer Tim Burgess could be rolled out in the future.

Kellogg dismisses sugar claims from Which?

16-Feb-2012 - Cereal manufacturer Kellogg has dismissed accusations from consumer watchdog Which? that some of its cereals are too high in sugar content after the campaign group accused the firm of targeting children with unhealthy products.

Kellogg buys Pringles from Procter & Gamble

15-Feb-2012 - Cereal maker Kellogg has agreed a £1.7bn ($2.7bn) deal with consumer goods group Procter and Gamble (P&G) for its Pringles canned crisp business after it was revealed that the firm had ended its previous deal with Diamond Foods.

MUFC-supplier Mumtaz's global ethnic food plans

13-Feb-2012 - Manchester United Football Club’s (MUFC's) official ethnic meal supplier plans to become the largest producer of Asian foods in the UK with the creation of a new factory capable of producing up to 100,000 meals a day.

Kerry Foods refuses Grimsby job talks with Unite

10-Feb-2012 - Irish chilled foods manufacturer Kerry Foods has snubbed Unite the union by refusing to talk with the organisation over the proposed 337 job losses at the firm’s factory in Grimsby.

Greencore revenues rise after Uniq deal

09-Feb-2012 - Greencore has made an encouraging start since its acquisition of chilled foods business Uniq, according to city analysts, after the firm posted its most comprehensive financial results since the takeover.

Greencore value boosted by currency switch

08-Feb-2012 - The decision by chilled foods group Greencore to transfer its share currency denomination from euros to sterling has further increased its value to potential investors, according to city analysts.

News in brief

Intersnack appoint new general manager at Haverhill site

07-Feb-2012 - Savoury snack manufacturer Intersnack has taken another step in its plan to secure market leadership in the UK nut sector after confirming the appointment of a new general manager at its Haverhill site.