Associated British Foods (ABF) has posted a 4% rise in group sales in its first-quarter trading update, as its sugar revenues continue to be hit by lower prices in the EU.
Food manufacturers need to think strategically if they want to avoid the threat of retailers demanding price cuts as inflation returns, a leading City analyst has warned.
More than 90 jobs at biscuit manufacturer Rivington Biscuits are to be axed, after the falling value of the pound plunged the company into administration.
Nutritional food manufacturer Glanbia has recorded double-digit growth for the sixth consecutive year, with earnings before interest, depreciation, tax and amortisation (EBITDA) up 10.5% to €271M (£214M) for the 52 weeks to January 2 2016.
Associated British Foods (ABF) has revealed its adjusted operating profit will fall for the 52 weeks to September 12, by at least £30M, due to a significant weakening of the euro.
Hilton Food Group is expected to share in the recovery of its biggest customer Tesco, which is now putting in place plans to compete against hard discounters Aldi and Lidl, according to City analysts.
