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.
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).
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.
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.
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.
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.
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 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.
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).
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.
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...
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 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).
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.
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.
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.