Middlesbrough-based snacks manufacturer Baked Snacks Company (BSC) has good prospects provided any new backer can inject sufficient capital into the business to give it a fighting chance, according to sources close to the firm.
Strike action by staff at Maple Leaf Bakery UK’s Walsall factory has been delayed due to a technicality and a reballot is now being conducted, according to the Bakers Food and Allied Workers Union (BFAWU).
A leading economist says that industry sources and analysts predicting the Russian wheat export ban will have little impact on EU food prices are “naïve”, and overlook the fact that major futures contracts for Russian wheat are now worthless.
Global wheat stocks are sufficient to absorb production shortfalls in the short-term, but things could deteriorate rapidly if Russia's winter wheat crop is as bad as its spring crop, according to analysts at Rabobank.
Former Holland’s Pies md Neil Court-Johnston is still out of the business almost three months after being suspended in the wake of allegations that he had talked with third parties regarding a management buyout without the consent of company bosses.
Premier Foods remains ‘open-minded’ about selling off assets to pay off debts, bosses have revealed as the firm released interim results broadly in line with expectations, but warned of rising cost inflation in the second half.
Higher energy and raw material prices coupled with fragile demand and weak retail pricing could put many food manufacturers – particularly bakers – under intense margin pressure this year, analysts are predicting.