Premier Foods’ intention to redeem £80m of its outstanding floating rate notes is a sign of a turnaround for the business’ finances, according to an industry expert.
Gluten-free noodle manufacturer Mr Lee’s Pure Foods has smashed its £1.75m crowdfunding target in less than a week, as it sets its sights on further international expansion.
Premier Foods has delivered a “triple whammy” of positive results on the back of its latest update, according to Shore Capital head of research Clive Black.
Coronavirus has moved foodservice wholesaler Bidfood to work with packaging company Smurfit Kappa to send food parcels containing products from brands including Nescafé, Heinz and Tilda to 1.5m vulnerable people.
Associated British Foods (ABF) chief executive George Weston and finance director John Bason have requested a temporary 50% pay cut in anticipation of much lower earnings for the company following the coronavirus outbreak.
Breakfast cereal manufacturer Weetabix has launched a sustainability review, targeting areas such as sustainable ingredients sourcing, packaging waste reduction and efficient operations.
The former Kerry Foods factory in Burton is one step closer to reopening, after the local council approved plans to improve the site submitted by new owner OSI Group.
Associated British Foods (ABF) has predicted sales and profit growth ahead of last year, despite the negative impact of falling sales at Allied Bakeries.
