Marks & Spencer’s (M&S’s) £312.4M fall in profits in the year ending April 1 2017 exceeded market expectations, according to market analysts, as like-for-like food sales for the retailer fell.
Lomond – owner of bakery Cake – has acquired wholesale food distribution business Hall’s Direct, in a deal that will boost Lomond’s annual turnover to more than £30M.
Convenience food manufacturer Greencore reported a 46.1% rise in group revenue to £1.01bn in its interim results, boosted by strong growth in its food-to-go offering, and the acquisition of US firm Peacock Foods.
Food and drink manufacturers have been recognised in a new report naming the most inspirational and fastest growing small and medium-sized enterprises (SMEs) in Britain.
Three food manufacturing families – Samworth, Warburton and Boparan – were among the sector’s representation in this year’s Sunday Times Rich List, with a combined wealth of £1.6bn.
Chilled foods continue to find favour with UK consumers, it has emerged, following news from temperature-controlled food specialist Rick Bestwick that it is handling more chilled products than ever before.
Greencore shares dropped about 7.5% in value within three hours last week (April 25), before rallying, after its largest customer, Tyson Foods, revealed a £2.5bn ($3.2bn) takeover of convenience foods manufacturer AdvancePierre Foods.
Chilled ready meals manufacturer Bakkavor Meals, based at Sutton Bridge in Lincolnshire, has relaunched its Tesco’s Indian Kitchen Meal for One range in perforated two-compartment trays from supplier Faerch Plast.
Tesco blamed a “manufacturing error” after recalling a batch of its Finest Crab & Chilli Linguine, which actually contained its Finest Spaghetti Carbonara.
A new £448,850 government-funded research project has been launched to promote the use of robotics in food manufacturing, which hopes to replace labour-intensive industrial food preparation operations.
More than 120 global food and agriculture start-up firms are competing for a place at the agribusiness bank Rabobank’s business mentorship scheme competition, Foodbytes.
The future of the Groceries Code Adjudicator (GCA) Christine Tacon and the Groceries Supply Code of Practice (GSCOP) has been put in doubt because so few investigations had been undertaken since they were both set up, a food and drink sector insolvency...
Gluten-free bakery company Genius Foods has announced it will cut 115 jobs across its business, including a reported 78 jobs at its Hull factory, as it plans to end production of its non-Genius branded products.
Frozen and ready meals manufacturer Westbridge Food Group has been acquired by CPF Investment, a wholly-owned subsidiary of Thai firm Charoen Pokphand Foods, for about £60M.
Supermarket giant Tesco’s subsidiary, Tesco Stores Ltd, has agreed to pay a £129M fine in order to avoid prosecution for market abuse, after overstating its profits in 2014.
Asia’s fastest growing convenience market is Vietnam – which is set to achieve annual growth of 37.4% over the next four years – according to grocery think-tank IGD.
2 Sisters Food Group’s parent company, Boparan Holdings, reported a 17.8% drop in like-for-like operating profit in its second quarter trading update, blaming currency fluctuations and the “very tough” trading environment.
Unilever may sell its Flora, Stork and Bertolli brands as part of its comprehensive review, according to reports, prompting the GMB union to urge the manufacturer to avoid a cost-cutting “slash and burn” policy.
The inaugural Chefs’ Choice Awards last night in central London celebrated foodservice sector innovation. Meet the winners, highly-rated entries and the finalists.
The Unite union has requested an urgent meeting with Bakkavor management after the manufacturer revealed plans to axe 300 jobs at Welcome Foods last week.
Hain Daniels – the UK subsidiary of US-based food group Hain Celestial – has agreed to buy premium soup maker Yorkshire Provender for an undisclosed fee.
Greencore said it was confident of mitigating any Brexit-related cost increases, as it reported a 9.1% rise in like-for-like sales to £417M on a constant currency basis, in the 13 weeks to December 30.
Discount retailer Lidl is to donate up to 2M meals a year to people facing food poverty in the UK, as part of its plans to donate food surplus to local food charities.
Boparan Holdings – owner of 2 Sisters Food Group – is preparing for “one of our toughest” years, warned ceo Ranjit Singh, after the food giant’s parent company reported an 11.9% rise in operating profit to £19.8M in the 13 weeks to October 29.
Samworth Brothers Ltd has defended its decision to sack an employee, after the Bakers’ Food and Allied Workers Union (BFAWU) slammed the dismissal as “shameful”, claiming the employee was sacked for “naming and shaming” Samworth Brothers over contractual...
The introduction of the National Living Wage (NLW) in April and rising concerns over the future of the UK labour pool following the Brexit vote on June 23 have revealed the need for higher levels of productivity within distribution centres (DC), according...
Essential Fruit has placed a contract for temperature controlled warehousing and distribution of its products throughout the UK and Europe with chilled logistics specialist NFT.
