Premier Foods wins analyst support as volumes rise
Premier Foods is set to gain from the growth in volume sales that supermarkets are experiencing and the fall in commodity costs, according to Shore Capital analyst Darren Shirley.
Archives for March 13, 2015
Burton’s Biscuit’s US deal targets sales of £70M
Burton’s Biscuit Company is targeting almost £70M in sales through a new US distribution partnership with International Food Associates (IFA).
Karro to chop 141 jobs at Scunthorpe plant
Karro Food Group has confirmed 141 job losses at its Scunthorpe plant following consultation with workers, management, trades union representatives and local government.
Wrights invests £6M in doughnut and cookie plant
Wrights Food Group has invested £6M in a factory that can make 46.8M doughnuts and 22M cookies a year.
Whisky slump prompts budget action plea
The Scotch Whisky Association (SWA) is urging chancellor George Osborne to cut duty by 2% in his March 18 budget, after it emerged the UK Scotch market fell by nearly 5% last year.
Morrisons posts plunging pre-tax profit – down 52%
Beleaguered supermarket chain Morrisons has posted pre-tax profit down 52% to £345M for the full-year to February 1 and axed 380 jobs with the closure of 23 convenience stores.
Morrisons’ fall in shopper numbers concerns analyst
Morrisons has experienced a “worryingly flagging” fall in the number of shoppers visiting its stores in the past year, according to its annual results, a leading analyst has claimed.
Quorn Foods announces £40M investment
Quorn Foods plans to invest £40M to support its global expansion strategy.
First Milk appoints former Mars boss as ceo
First Milk has appointed Mike Gallacher as its new chief executive, following Kate Allum’s decision to quit the co-operative after five years in the role.
Time to play fiscal hard ball on sugar tax?
As the life of the UK Parliament declines into the political equivalent of palliative care, many are speculating as to the possible blend of voluntary and mandatory measures on public health and nutrition that might follow the May election.
Student’s anaerobic digestion painting wins prize
A primary school student’s artwork depicting the role anaerobic digestion can play in turning food waste into renewable energy has won a competition and will now tour Yorkshire on the side of a truck.
Alpro’s £28.5M extension creates 50 jobs
Plant-based food manufacturer Alpro has invested £28.5M in a new production facility at its existing Burton Latimer site, creating 50 new jobs.
R&R Ice Cream buys Nestlé South Africa outfit
R&R Ice Cream has acquired Nestlé South Africa’s ice cream business, boosting its international expansion plans.
GM crop benefits hailed in independent study
Genetically modified (GM) cereals and oilseeds could benefit consumers, farmers and the animal feed supply chain, while boosting UK competitiveness in the global market, claims new independent research.