Unite the union has urged administrator Duff & Phelps to involve government in a last-minute bid to save at least 110 jobs at the Liverpool snack manufacturer Trigon Snacks.
Morrisons’ half-year results delivered another disappointing read, concluded Shore Capital, which nevertheless upgraded its share advice from ‘sell’ to ‘hold’.
Trigon Snacks, the maker of pub favourite peanut brands such as Big D and Planters, has entered administration as a result of cash flow problems, putting more than 130 jobs at risk.
The closure of a taxation loophole means that companies that are struggling with their cash flow risk going bankrupt if they try to delay paying year-end tax bills while disbursing dividends, accountants have warned.
McGhee’s Bakery Group put its Fords Bakery business into liquidation on 20 March, following continued trading losses, less than a year after it bought the business from administrator KPMG.
The number of UK food and drink manufacturers facing financial distress in the second quarter of 2010 has fallen since the first quarter of the year, new figures reveal.
