Business News

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.

Nichols' sales outperformed the UK soft drinks market in 2018

Nichols’ sales outperform market

By James Ridler

Vimto owner Nichols has outperformed the UK soft drinks market, reporting sales of £142m for the year ending 31 December 2018.

Avondale posted turnover growth in 2018 however pre-tax profits were down

Avondale Foods warns against currency fluctuations

By Aidan Fortune

Fresh foods provider Avondale Foods has reported a record turnover for the past year, but has warned that fluctuations between euro and sterling could cause issues in the future.

A new no-deal Brexit hotline will offer advice on what to do in a cliff-edge exit from the EU

No-deal Brexit hotline launched

By James Ridler

Food and drink manufacturers are set to benefit from a no-deal Brexit hotline, helping businesses plan for the impact of a no-deal scenario.

Quintessential Brands has added a new miniatures production line at the G&J Distillers facility in Warrington

Quintessential Brands adds new production line

By Aidan Fortune

Spirits company Quintessential Brands has expanded operations at its G&J Distillers site in Warrington to include a new production line for 5cl miniature bottles following a growth in demand for ‘minis’.

Shore Capital's Clive Black has criticised politicians for Brexit uncertainty

UK an ‘embarrassment’ for lack of Brexit agreement

By James Ridler

The Government’s inability to reassure UK food producers on the future of the industry post-Brexit has made the country an international embarrassment, Shore Capital head of research Clive Black has claimed.

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