Food and drink exports: ‘massive untapped potential’
Food and drink exports “still have massive untapped potential”, according to the Food and Drink Federation (FDF), after overseas sales topped £20bn for the first time.
Archives for February 22, 2017
City Food Lecture
US trade deal ‘may lead to unwanted food imports’
A US trade deal may result in Britain importing a range of food products that most consumers find unacceptable, warns Professor Chris Elliott in his City Food Lecture 2017.
Organic food sales worth more than £2bn
Organic food sales grew 7.1% to £2.09bn last year, revealed The Soil Association, as consumer interest in organic grew.
Arla UK revenue falls £300M in ‘tough’ markets
Arla UK’s revenue fell by £300M in 2016, owing to “lower global market prices and unfavourable exchange rates”, as the total group’s revenue dropped 6.8%.
Hotel Chocolat reports ‘stellar growth’
Premium confectionery business Hotel Chocolat has reported “stellar growth” in first-half results for its 2016/17 financial year; boosted by strong Christmas sales and continuing store expansion, according to business analyst GlobalData.
Bakkavor agrees £485M loan to repay all bank debts
Chilled foods manufacturer Bakkavor has agreed a new £485M corporate loan, to repay all its existing bank debts.
Glanbia revenue increases to €2.85bn
Nutrition firm Glanbia reported its seventh year of double-digit earnings growth in its full-year trading update, as its revenue increased 2.8% to €2.85bn (£2.4M).
Scotch whisky exports surge after Brexit vote
Scotch whisky exports returned to growth last year after two years of decline, helped by the Brexit vote and growing consumer demand.