Economics

A weak pound has hit manufacturers' profits, despite strong export sales

CBI: Weak pound hits manufacturers’ profits as exports rise

By Gwen Ridler

The weakness of the pound has hit food manufacturers’ profits, despite a rise in export orders over the past three months, according to the Confederation of British Industry’s (CBI’s) latest quarterly Industrial Trends Survey.

Finsbury posts sales growth in its half-year trading update

Finsbury posts growth as international sales fall

By Gwen Ridler

Speciality cake and bread manufacturer Finsbury Food Group has posted a small rise in sales in its pre-close trading statement, despite a fall in sales from its overseas operations.

Hilton Food Group reported a positive outlook for 2017

Hilton’s trading update reports positive 2017 outlook

By Gwen Ridler

Meat producer Hilton Food Group has reported a positive outlook for 2017 – with plans for further global expansion – in a trading update for the 52 weeks ending January 1 released this week (January 12). 

Barrier-free access to the EU Single Market is vital: CBI

Barrier-free EU Single Market access is vital: CBI

By Gwen Ridler

The Confederation of British Industry (CBI) has repeated calls for barrier-free access to the EU’s Single Market after Brexit, following food industry calls for continued access to its 500M customers.

Smaller food firms are exploiting commercial opportunities more effectively than large businesses

Small food firms lead the way on innovation

By Noli Dinkovski

Food producers that limit themselves to short-term innovation are missing out on the same commercial opportunities exploited by smaller firms and start-ups, the head of a research company has suggested.

Analyst HSBC Global Research predicts problems ahead for Morrisons

Morrisons headed for financial problems: Analyst

By Matt Atherton

Morrisons can expect financial problems ahead caused by store closures, Brexit and the National Living Wage, HSBC Global Research predicted ahead of the retailer’s third-quarter trading update on November 3.

Lidl's new distribution centre could create 100 jobs

Lidl distribution centre to create 100 jobs

By Gwen Ridler

Up 100 jobs could be created after discount retailer Lidl announced plans to build a new distribution centre at industrial estate Eurocentral in Lanarkshire, Scotland.

The British frozen food market is value at more than £8bn

British frozen food market worth a cool £8bn

By Michael Stones

Food manufacturers face an £8bn-plus opportunity to target the frozen food market, according to a new report from the British Frozen Food Federation (BFFF).

ABF has benefited from the weakened pound after Britain’s shock Brexit vote

Associated British Foods benefits from Brexit

By Matt Atherton

Associated British Foods (ABF) has reported a 3% rise in revenue during its third-quarter compared with the same period last year, as the business benefited from the weakening pound after the UK vote to quit the EU.

Watkins said the food industry was positive for a good year ahead

Business Leaders' Forum

Food business leaders more outward-looking this year

By Laurence Gibbons

Food and drink business leaders were more outward-looking at this year’s Business Leaders’ Forum (BLF) ahead of a “positive” year in the food industry, despite various challenges it faces.

Cyber-attacks are set to rise in 2016

Business interruption is the top business risk in 2016

By Rick Pendrous

Business interruption (BI) remains the biggest threat facing companies in 2016, with cyber-attacks, geo-political instability and technology failure new potential drivers of losses, according to the latest findings from insurance company Allianz.

Andy Wood is backing Britain's continued EU membership with both barrels

Brewery boss backs EU membership campaign

By Michael Stones

The boss of Adnams brewery has joined food industry executives and other business leaders in backing the Confederation of British Industry’s (CBI’s) campaign in support of Britain’s EU membership.

Dave Lewis: said sorry to suppliers

Tesco boss apologises to suppliers for past mistakes

By Michael Stones

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.

Uncertainty in the run up to the election is dampening food business investment, warned a top economist

Election 2015

Election ‘puts food capital investments on hold’

By Nicholas Robinson

Uncertainty in the lead up to the general election is causing food firms to put on hold plans for capital investment and freeze their employees pay, even though the economy has picked up, a leading economist has claimed.

Grants of up to £50,000 will be given to food and drink firms to grow

Truss’s £50k grants to create 3,000 food jobs

By Nicholas Robinson

Cash injections of up to £50,000 will be given to small food and drink firms, following the creation of six new Food Enterprise Zones by the environment secretary Elizabeth Truss.

Despite desperately low milk prices now, producers remain optimistic

Dairy farmers see a positive future

By Rick Pendrous

Britain's dairy producers are optimistic about their prospects for the future, despite the pain now being suffered by low milk prices, a survey of the sector has revealed.

Small firm's growth is being stunted by LEPs

Support for small firms ‘ineffective’ and holding back growth

By Laurence Gibbons

Support offered to small firms by Local Enterprise Partnerships (LEPs) is “ineffective and holding back the growth prospects” of British businesses, including food manufacturers, according to the Federation of Small Businesses (FSB).

Warburtons has posted positive financial results despite difficult trading conditions

Warburtons’ offsets difficulties to secure growth

By Laurence Gibbons

Sales of wraps, sandwich thins and gluten-free products have helped Warburtons offset “difficult” trading conditions to increase turnover and operating profit in the 52 weeks to September 28 2013.

Firms taking a 'make do' approach to legislation will incur scheme costs

Don’t bear the cost burden of EU law

By Rick Pendrous

New rules requiring all large firms to undertake mandatory energy efficiency assessments could end up being a major cost burden unless the findings are used to introduce savings in the businesses, warns a leading environmental consultancy.

Ishida launches new Weigher/bagmaker

Weigher/bagmaker with promise of fast payback

A range of entry-level weigher/bagmaker combination units has been developed by Ishida Europe. The units are said to offer an economic, medium-speed solution for food manufacturers, thus delivering a fast payback on a reduced investment cost while ensuring...

George Osborne's claims that his plans to revive the economy were working were dismissed as 'complacent boasts' by Ed Balls

Chancellor’s Autumn Statement – in quotes

By Michael Stones

Chancellor George Osborne used the Autumn Statement today (December 5) to insist that his plans to revive the British economy were working. But shadow chancellor Ed Balls dismissed the claims as “complacent boasts”. Here we capture the key points of the...

Food volume sales are falling, according to the new report by IRI

Impact of economic recovery small as food volumes fall

By Rod Addy

Food and non-food volume sales are falling, indicating ordinary people are not feeling the benefits of economic recovery in Europe and the UK yet, according to market analyst Information Resources (IRI).

Wilkinson chaired last year's Business Leaders' Forum

Mergers and acquisitions set to rise in 2014

By Rick Pendrous

Mergers and acquisitions (M&A) activity in the UK’s food and drink manufacturing sector is set to rise in 2014 as business confidence rises, according to leading UK business and financial advisory firm Grant Thornton.

Two pieces of good news for the UK economy arrived this week

Good news for the UK economy as output rises

By Michael Stones

Two pieces of good news for the UK economy arrived this week in the form of a modest increase in economic output and rising optimism among manufacturers.

Pizza firms focus on authentic styles

Pizza product development

By Lorraine Mullaney

New product development activity in the pizza market is focusing on authentic and traditional-style pizzas, gourmet ingredients and toppings and healthier alternatives, according to Lu Ann Williams, director of innovation at Innova Market Insights.

Discovery Foils entered administration in July

Sale rescues jobs at confectionery packaging firm

By Rod Addy

Bridgnorth-based company Discovery Foils, which supplies foil packaging to dairy processors and confectionery brands such as Cadbury, has been bought out of administration by Slovakian business Moneta Packaging.

Food and drink manufacturers are more optimistic about business prospects, revealed the FDF survey. The results mirror the latest CBI survey

Food manufacturers more optimistic about business

By Mike Stones

British food and drink manufacturers are stepping up investment, reflecting growing optimism about business prospects, according to a survey by the Food and Drink Federation (FDF).

Dalehead hopes its refurbishment will lead to US export opportunities

Dalehead’s multi-million pound abattoir plan

By Laurence Gibbons

Dalehead Foods has unveiled a new multi-million pound abattoir and production facility in Spalding, Lincolnshire, which it hopes will boost British pork exports to the US.

Former Uniq boss Geoff Eaton is now chief opperating officer with Premier Foods

Bosses to assess prospects for 2013

By Rick Pendrous

Manufacturers in the food and drink sector could be in for a bumpy year ahead, as uncertainty rises about the economy and how consumers will respond.

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