Economics

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

CBI: Weak pound hits manufacturers’ profits as exports rise

By James 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 James 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 James 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 James 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 James 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.

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