Inside food & drink manufacturing
The Marine Stewardship Council (MSC) has been undertaking trials of a new seafood traceability tool in response to increasing incidents of fraud in the sector, where non-sustainable fish varieties are being passed off as sustainable species.
Cupcakes containing soya and chocolate fruit mix containing nuts are among the products that have been recalled over the past week.
Pork and pastry firm Cranswick’s “near perfect” 25-year growth record for profit and dividends plus potentially lucrative new opportunities should tempt investors, predicts City analyst Investec.
Asda has not “done much wrong”, despite posting its worst sales performance in its 50-year history, according to leading City analyst Shore Capital.
Global grain giant Cargill is seeking to cash in on growing demand for seafood with its £0.95bn (€1.35bn) acquisition of leading fish feed supplier Norwegian firm EWOS.
The UK food and drink manufacturing and processing industry is set for growth of between 3–4% in the short to medium term, while reaching a value of about of £113.1bn in 2018–19, predicts a new report.
A ban on genetically modified (GM) crops in Scotland would seriously undermine the nation’s food and drink industry, warn nearly 30 leading organisations.