Sainsbury boss Mike Coupe has blamed food price deflation for a drop in sales for the sixth quarter in a row, he said in a trading update today (June 10).
The Real Good Food Company will focus on growth, partly through acquisitions, following the sale of its sugar subsidiary Napier Brown business, according to boss Pieter Totté.
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.
Greencore is investing in longer shelf-life products to boost efficiency and cut waste and hot snacks to meet continued growth in demand for food-to-go, according to chief financial officer Alan Williams.
Poundworld Retail’s store expansion drive will accelerate in the wake of its acquisition by private investment firm TPG, according to a statement by the new owner.
A boost in profits for Bakkavor, a multi-million pound investment in manufacturing by United Biscuits and two acquisitions lead this week’s Good Week/ Bad Week.
United Biscuits (UB) will boost its overall output by pumping millions of pounds into its UK manufacturing facilities, following an initial £50M investment at its Harlesden site.
Food firms are targeting asset care as a way to ease pressure on profits, but lack of properly trained staff is proving a hindrance, according to Peter Gagg, md of MCP management consultants.
Bakery ingredients specialist British Bakels will pump £700,000 into its Bicester, Oxford, manufacturing headquarters in a bid to boost the site's efficiencies and its potential to grow sales.
Sainsbury has been left “licking self-inflicted wounds” after its results announcement today (May 6), according to leading food industry analyst Clive Black.
Coca-Cola Enterprises’ (CCE’s) 40 year-old Milton Keynes site has had more than £6M invested into it in the past three years, but plant director Nicholas Nixon wants more.
Meat processor Cranswick reported boosted annual sales following its acquisition of cooked poultry business Benson Park, based in Hull, North Humberside.
Hilton Food Group has announced a 2.3% fall in sales to £1.1bn, due to lower meat prices and “unfavourable” currency exchange rates in its full-year results for the 52 weeks to December 28 2014.
Food manufacturing investments and acquisitions dominate the headlines in the latest edition of Good week, Bad week – your sideways look at the past seven days in food and drink manufacturing.
HIG Capital has agreed to acquire Adelie Foods in a deal that sees it take over a majority share in the chilled food-to-go business, owner of Food Partners.
Castle MacLellan has pumped £5M into its Kirkcudbright, Dumfries & Galloway pâté manufacturing facility, securing current jobs and creating the potential for new roles in the future.
Camden Town Brewery is pitching for £1.4M worth of funding to help build a larger brewery to boost production of its Camden lagers and it expects to create more than 100 jobs.
Premier Foods will pump up to £25M into its production facilities in a bid to boost output and efficiencies across the UK and bolster its recovery this year, according to ceo Gavin Darby.
Seabrook Crisps could “investigate areas for potential investment” to speed up growth after appointing independent corporate finance advisor McQueen, according to ceo Jonathan Bye.
Fruit Shoot manufacturer Britvic faces a tough challenge to boost profits this year in a soft drinks market experiencing diluted growth prospects - despite the firm’s US expansion plans - according to City analyst Investec.
Premier Foods has launched a charm offensive to win back public support after widespread criticism of its controversial ‘Pay and stay’ plan last week, with a list of suppliers that support the practice.
Greencore’s group revenue climbed by 6.4% to £1,273.5M in the year to September 26 2014, thanks to the strong performance of its food-to-go business, according to boss Patrick Coveney.
A £2M investment is set to boost Greenvale’s Swancote potato processing site’s output further, following an increase by more than 60% in the past five years.
India could be the ‘new China’ for food and drink manufacturers looking to increase margins and supply emerging markets in Asia, two industry experts have claimed.
Walsh Mushroom Group has invested £2M in a new packaging and distribution site in Evesham, Worcestershire to help it meet “growing demand” for UK-grown mushrooms.
Sausage skin maker Devro expects to complete the second phase of the restructuring of its operations in Scotland at the end of the first quarter (Q1) of 2015. This is expected to deliver £5M of savings in the second half of the year.
Meat processor Tulip is creating up to 45 jobs in an £8M investment at its Ruskington plant in Lincolnshire, which makes Scotch eggs and cocktail sausages for the retail sector.
Quorn Foods has launched a European expansion drive in a bid to “significantly” increase its presence on the continent and boost last year’s record turnover of £141M.
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.
Bakkavor delivered strong growth in fresh prepared food ahead of the UK market as a whole in the past financial quarter and is significantly boosting investment to support customers’ growth plans.
Ingredients firm Orchard Valley Foods is targeting sales of £30M following its acquisition of Food Ingredients International (FII), an increase of almost a third on projected figures for this year.
