Tesco’s chief executive has warned its food and drink suppliers that the supermarket will delist their products if they try to raise prices “without a justified reason”.
Specialist meat packer Hilton Food Group’s strategy of operating with one customer per market could lead it to benefit from the horsemeat crisis, predicted City analyst Shore Capital.
Meat packing firm Hilton Food is likely to suffer a short-term impact from the horsemeat scandal, despite none of its products being involved, according to City analyst Panmure Gordon.
Global political and environmental unrest is forcing growing numbers of food and drink importers and exporters to use currency forward contracts or ‘options’ to hedge against volatile exchange rates, according to a top foreign exchange broker.
Unite has written to management at Bakkavör’s Bourne fresh produce site insisting that better site management could reduce the need for planned redundancies and “savage attacks” on workers’ terms and conditions of employment.