Gluten free manufacturer Genius Foods has reported its results for the year ending 31 December 2022, with the bakery business posting a loss of £2.4m from continuing operations.
Wednesday 6 March 2024 saw the UK Chancellor announcing the 2024 Spring Budget; while many welcomed the alcohol duty news, others were left disappointed at its lack of attention to small to medium businesses.
Food was the only manufacturing category to see profitability stall over the ‘crucial’ Christmas period, according to inventory management software brand Unleashed latest Manufacturer’s Health Index.
UK poultry supplier Avara Foods has reported a pre-tax loss of £12.3m for the financial year ending 31 May 2023, but increased turnover to more than £1.5bn.
The UK relies on its agri-food sector to feed the nation, but the sector is currently choking on a concerning combination of geopolitical and environmental hazards. British businesses must keep close to new and so far, underutilised, opportunities.
More than two thirds (68%) of food and drink businesses are optimistic about future growth, despite costs continuing to be a significant challenge, according to a survey by accountancy and business advisory firm Johnston Carmichael.
Mintel research has debunked the wholly negative impact of UK recession on food and drink sector, with its research highlighting opportunities for some segments such as premium alcohol and chilled ready meals.
Welsh manufacturer Talgarth Bakery has secured £250k worth of funding from Tata Steel subsidiary UKSE to help create new jobs and weather the energy crisis.
Newlat Food has stopped negotiations for the acquisition of manufacturer Princes and its subsidiaries after its last offer was rejected by owner the Mitsubishi Corporation.
Cheesemaker Wensleydale Creamery has made a significant investment in its natural cheese smoking abilities with the addition of a new cheese smoke house.
The imminent closure of Yorkshire Dales’s last small abattoir could spell disaster for the rural community and the wider food and drink supply chain, warned the Sustainable Food Trust.
Scottish food and drink manufacturers can soon benefit from a £50k fund to help them to make their food healthier and kickstart their reformulation journeys.
The Scottish, family-owned brand has witnessed a 15% increase in turnover as its UK and international demand soars, with its ice cream championing majority of growth.
Food Manufacture explores ways that cash-strapped businesses can invest in new plant and machinery on a budget and some of the programmes available to them to support the next stage in their growth.
Wolverhampton-based importer and manufacturer of ingredients and snacks AIB Foods has secured a seven-figure funding package to support new product development and meet demand from national retailers.
Liverpool-based manufacturer of spice products Spice Kitchen has made a £40k tech investment, with plans to create new jobs on its way its £2m sales target.
Sports nutrition brand Applied Nutrition boasted a 74% growth in sales for the year ended July 2023, with plans of hitting a £100m 'milestone' in 2024.
Specialist bakery goods manufacturer Real Good Food (RGF) has announced its intention to appoint administrators in the wake of continued supply issues and cash constraints.
