Tesco posts 55% slump in first-half profit
Tesco has posted a 55% slump in first-half underlying profit to £354M from £779M last year, the day after its boss Dave Lewis pledged to standardise payments to its suppliers.
Archives for October 6, 2015
Tesco boss apologises to suppliers for past mistakes
Tesco boss Dave Lewis has said sorry to the retail giant’s suppliers, together with its customers and other stakeholders for “the bad choices of the past”, made in the relentless pursuit of unsustainable profit.
Tougher rules on food sustainability needed
More legislation is needed to compel companies to develop sustainable food security, according to food business executives.
AB InBev makes higher bid for rival SABMiller
The world’s largest brewer Anheuser-Busch (AB) InBev has made a higher bid for rival SABMiller in an attempt to create a mega-brewing giant.
IGD launches healthy eating programme
Grocery think tank the IGD has launched a new healthy eating programme to begin next year, designed to improve the nation’s diet.
Scottish venison products linked to E. coli outbreak
An E. coli outbreak has been linked to venison sausages, steaks and meatballs produced by Scottish firm Highland Game.
Food safety conference
Beware of food safety comfort zones
Food and drink manufacturers should be aware of falling into food safety comfort zones or they risk costly recalls, producing inefficiently and not satisfying their customers.
Bernard Matthews appoints chief operating officer
Bernard Matthews has appointed Andy Deutsch to the new role of chief operating officer.