Business News

BBF has secured £40m of funding through a three-year finance facility

BBF secures £40m of investment

By James Ridler

Own-label baked goods manufacturer BBF has secured £40m of investment through a financing facility to support its future growth plans.

Geary's has invested £15m in a new bakery facility. Stephen Castleman (left) with Jason Geary

Bakery invests in £15m facility

By James Ridler

Leicestershire-based Geary’s Bakeries has invested £15m in a new bakery facility in a bid to keep up with increased demand for its products.

Premier Foods reported a drop in sales in its third-quarter trading results

Sales drop for Premier Foods

By James Ridler

Premier Foods saw sales drop despite continued growth of its key brands in its third-quarter (Q3) trading statement for the 13 weeks to 29 December 2018.

Without a deal, businesses will need to prepare for a hard Brexit

Eversheds: start planning for hard Brexit

By James Ridler

Food and drink manufacturers need to start implementing their no-deal Brexit contingency plans, legal firm Eversheds has warned, as the threat of a hard exit from the EU draws closer.

The continuing Brexit debacle has led to representatives from the food industry to call for more time to agree a deal

Food industry demands more time for Brexit deal

By Aidan Fortune

The food industry has called for an extension to Britain’s impending exit from the EU following Parliament’s rejection of the Government’s Brexit Withdrawal Agreement.

Princes makes a range of branded canned and packaged fish, fruit, meat, ready meals, pies, pastes and juices

Princes Foods takes profit hit

By Rod Addy

Raw material cost increases and deflationary pressures hit Princes Foods’ pre-tax profit in the past financial year, according to a spokesperson for the business, although the company succeeded in boosting sales.

Brexit may cause some investors to hold off on further deals for a time

Pending EU exit fails to slow industry deals

By Rod Addy

Food industry merger and acquisition (M&A) activity in 2018 remained unhampered by the UK’s pending exit from the EU, with the overall volume of deals up on the previous year.

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