Business Leaders

Johnson: 'We will not pull the rug out'

Chancellor 'should extend furlough and credit insurance'

By Rod Addy

Chancellor Rishi Sunak should extend the Government's furlough and credit insurance schemes in his March Budget announcement to support the food and drink industry and others hit by COVID-19-related lockdowns.

The Nescafé range performed strongly across the world

Nestlé: Nescafé and Starbucks among top performing brands

By Rod Addy

Garden Gourmet, Nescafé, Starbucks and Purina PetCare fuelled organic sales growth in Europe, the Middle East and North Africa, according to Nestlé's latest full-year results, although COVID-19 hit group reported sales.

Continued impact from the pandemic is expected, but Tate & Lyle proved buoyant

Britvic, Tate & Lyle and Diageo post financial updates

By Rod Addy

Out-of-home declines at Britvic offset sales growth in at-home products in its first quarter (Q1), Tate & Lyle's primary product sales rose in the three months to 31 December and Diageo reported dented interims.

Businesses are pinning their hopes on improved performance once lockdown eases

Financial roundup: pandemic pummels food firms

By Rod Addy

Greencore, Real Good Food (RGF) and AG Barr financial updates all reflected hits as the latest COVID-19-related lockdown affected consumer buying habits, but hope remains for the coming year.

Jenkins: export plans to include North America, the Far East and Australia

FOOD MAN TALKS

Somerdale director on Abergavenny Fine Foods deal and Brexit

By Rod Addy

Alan Jenkins, Somerdale International's director responsible for North America exports explains what the acquisition of Abergavenny Fine Foods's (AFF's) blended cheese assets means for his business and outlines the impact of Brexit.

Seafood and plant-based firm Paramount 21 appoints directors

Paramount 21 appoints two directors

By Jerome Smail

Devon-based seafood and plant-based product manufacturer Paramount 21 has announced two appointments to its board of directors.

The refinancing will improve free cash flow within the business, 2 Sisters said

2 Sisters makes further progress on turnaround plan

By Rod Addy

2 Sisters Food Group has secured a £475m bond and an £80m revolving credit facility, representing a successful refinancing of the business and enabling it to boost financial performance and generate further cash.

Descheemaeker: 'Long-term value creation'

Nomad Foods swoops on Findus Switzerland

By Rod Addy

Nomad Foods Ltd has agreed to acquire Findus Switzerland from Froneri International and certain intellectual property from an affiliate of Nestlé SA for €110m (£97.7m).

The agreements have been made in order 'to build the best added-value chilled food company in the UK'

Double acquisition heralds chilled foods mega-merger

By Rod Addy

Addo Food Group and Winterbotham Darby have been acquired by private equity firm PAI Partners for undisclosed sums, with the aim of merging the two to create a significant force in chilled foods.

The Hovis brand is 134 years old

Analysis

Hovis acquisition builds Endless bakery portfolio

By Rod Addy

Endless LLP's acquisition of Hovis builds its bakery presence, with the bread brand joining cake manufacturer Bright Blue Foods in the private equity firm's portfolio and opportunities for synergies, one financial adviser claims.

Hovis employs 2,800 people in eight bakeries, one flourmill and three distribution centres across the UK

Newlat Food confirms bid for Hovis

By Rod Addy

Italy's Newlat Food has confirmed its proposed acquisition of Hovis, following a Sky News report flagging the move, with Newlat claiming a successful bid would enable it to reach sales of €1bn within 24 months.

Raynor Foods has gone national

Me and My Team

Raynor Foods: Adapting, innovating and going national

By Michelle Perrett

Raynors, the sandwich supplier, was Manufacturing Company of The Year at the 2020 Food Manufacture Excellence Awards. Matt Raynor, chairman, talks about the company and overcoming the challenges of Covid-19.

The TRS range of spices and pulses

Strap: Interview with Vibrant Foods chairman Rohit Samani – Part 2

Vibrant Foods plans range blending Indian spices, pulses

By Rod Addy

Vibrant Foods aims to launch an easy-cook Indian food range blending its Indian spices and pulses and is seeking partners to accelerate its new product development plans.

Vibrant Foods claims there has been a 'huge explosion in demand' for its Eat Real brand

Exclusive interview with Rohit Samani, chairman, Vibrant Foods: Part 1

Vibrant Foods boosts Indian food production

By Rod Addy

Indian foods manufacturer Vibrant Foods has increased production at its TRS Foods factory in Southall and East End Foods West Bromwich factory by 50% to manage surging sales, sparked by the coronavirus lockdown.

Unilever: no change to operations, locations, activities, staffing levels or supply of products in UK, Netherlands

Unilever restructures under UK parent company

By Rod Addy

Unilever, the name behind Wall's ice cream, PG Tips tea and Pot Noodle, plans to restructure under one UK parent company, Unilever Plc, abandoning dual oversight from the UK and The Netherlands.

The Co-op has achieved the biggest sales growth of all bricks and mortar grocery retailers in the 12-week period

Coronavirus drives grocery sales to record growth

By Rod Addy

The coronavirus pandemic led take-home grocery sales to grow at their fastest rate since records began in 1994, with the Co-op leading the charge, according to figures from market analyst Kantar.

Energy bill savings offered by BMPA

Energy bill savings offered by BMPA

By Aidan Fortune

The British Meat Processors’ Association (BMPA) has urged any firm involved in the slaughter, cutting, processing or refrigerated storage of red meat to avail of its Climate Change Levy Scheme which offers significant energy bill savings.

Among other initiatives, Tesco has supplied more than £1m for stores to support local community causes

Tesco coronavirus efforts hailed by analyst

By Rod Addy

Tesco “deserves immense credit and thanks” for its “almost military-like programme of work” surrounding the coronavirus crisis, according to Shore Capital head of research Clive Black.

Coronavirus cases in the UK had reached 590 by 12 March

Coronavirus: Morrisons moves to back suppliers

By Rod Addy

The Coronavirus outbreak has prompted Morrisons to launch measures to support suppliers after Prime Minister Boris Johnson announced the UK had shifted to the 'Delay' phase in its efforts to tackle the virus.

C&C Group lists cider brands Magners and Bulmers among its portfolio

Magners maker in hunt for new boss

By Noli Dinkovski

Magners and Tennent’s maker C&C Group is on the lookout for a new chief executive after Stephen Glancey announced his intention to retire.

Jack Hamilton talked to Food Manufacture about what lies ahead for the comapny

Mash Direct marching toward growth in 2020

By Gwen Ridler

Growth in 2019, the rise of veganism and “import substitution” are all key to supporting growth for Mash Direct in 2020, according to chief executive Jack Hamilton.