Finance

Cwmfarm Charcuterie's husband and wife team Ruth and Andrew Davies aim to hire more staff to cope with increased demand

Cwmfarm Charcuterie clinches export deals

By Rod Addy

Welsh charcuterie supplier Cwmfarm Charcuterie is moving to a bigger 185m2 factory this October to meet increased demand, after signing trade deals with supermarkets in Canada, Hong Kong and Shanghai.

Kers: 'Our strategy is gaining momentum'

Food giant reaps rewards from turnaround strategy

By Rod Addy

2 Sisters Food Group is benefiting from parent company Boparan Holdings’ turnaround plan, as it reports its first like-for-like quarterly pre-tax profit for two-and-a-half years.

FW Capital’s Keith Charlton (left) and Lindsey McMenamin (right) with Hooba founder Jay Croslegh and UNW Michael McCulloch (centre)

Meat alternative firm Myco Foods gets funding to grow

By Rick Pendrous

Darlington-based food manufacturer Myco Foods plans rapid growth after securing £250,000 worth of funding from NPIF – FW Capital Debt Finance, part of the Northern Powerhouse Investment Fund (NPIF).

Real Good Food is seeking long-term financing after recently agreeing loan notes of £3M

Real Good Food seeks new funding after £6.7M loss

By Mike Stones

Real Good Food is seeking new funding to supplement recently-agreed short-term financing, after revealing a pre-tax loss of £6.7M in interim results for the six months to September 30 2017.

FEI Foods has created 70 jobs at its new factory in Llantrisant, south Wales. Left to right: Paul Williams (Lloyds Bank), Lloyd Williams (FEI Foods) and Richard Stevenson (Lloyds Bank)

FEI Foods creates 70 jobs at new factory

By Gwen Ridler

Microwavable rice and grain products manufacturer FEI Foods is to create 70 jobs at a new factory in south Wales, after securing £19M in funding from Lloyds Bank.

Real Good Food to invest £15.5M in its cake decorating and bakery subsidiaries

Real Good Food makes £15.5M investment

By Gwen Ridler

Baking ingredients supplier Real Good Food (RGF) is investing £15.5M to expand two of its subsidiaries in Liverpool and Wiltshire, after securing funds from a private investor.

Fox's Biscuits takeover approach was made by a financial institution consortium, it was reported

Fox’s Biscuits bid was ‘not made by rival firm’

By Matt Atherton

The Fox’s Biscuits mystery takeover bid last month was launched by a consortium of City and Wall Street investors, and not a rival biscuit maker, a national news broadcaster has claimed.

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.

Tesco is facing damages claims worth more than £100M

Tesco in £100M investor damages claim storm

By Matt Atherton

Tesco is facing damages claims totaling more than £100M, after around 125 institutional investors claimed the supermarket’s 2014 accounting irregularities cost them millions of pounds, it was revealed this week.

Premier Foods

Premier targets growth, as bid talks continue

By Michael Stones

Premier Foods set out big growth plans this week, while reporting “constructive” talks with US spice manufacturer McCormick, which wants to buy the Mr Kipling manufacturer.

Manufacturers are to target exports and productivity gains, according to a new report

Manufacturers to target export markets

By Michelle Perrett

Manufacturers are looking to invest in exports, while improving efficiency and productivity, the latest Attitudes to Business Survey from financial provider Lombard has revealed.

The Thuillier brothers have secured crowd funding for their Oppo ice cream business

Andy Murray invests in Dragons’ Den reject

By Laurence Gibbons

Tennis ace Andy Murray has helped Dragons’ Den reject ice cream manufacturer Oppo secure more than £300,000 of crowd funding by investing in the ‘guilt-free’ ice cream brand.

Real Good Food: shares in the business fell almost 20% following the announcement

Real Good Food issues profit warning

By Noli Dinkovski

Real Good Food has issued a profit warning after it claimed a company restructure has had a short-term negative impact on margins.

Allison: 'You could automate several of your packaging lines'

Take advantage of investment allowances

By Rick Pendrous

Manufacturers should take advantage of their annual investment allowance (AIA)  – which changed with effect from the beginning of this year – to invest in new capital equipment to add value to their businesses while raising production efficiency, the...

Front, with, left to right: George Nobbs, Norfolk County Council, Nicola Barker, NatWest, Katie Whitmore, Lombard, Carl Baker, RS Baker & Sons, John Fuller, South Norfolk Council and New Anglia LEP Food, Drink and Agriculture Sector Group, and Chris Starkie, New Anglia LEP.

Chinese firm creates 50 UK jobs

By Laurence Gibbons

Chinese food manufacturer Freshasia will open a new production facility in Little Melton, south Norfolk, creating more than 50 jobs, thanks to securing investment from a number of funders.

Karro has returned to growth

Karro Food Group posts first profit in years

By Laurence Gibbons

Pork processor Karro Food Group has posted an operating profit of £8M, for the year ending December 31 2014, representing an £11M improvement on the previous year and the firm’s first profit for many years.

Customers want to buy Graze products online and in-store, says ceo Anthony Fletcher

Graze ceo: ‘going from clicks to bricks isn’t easy’

By Nicholas Robinson

Graze, the £68M turnover online snack manufacturer, had to make big changes to its manufacturing and operating systems after gaining listings with Sainsbury and Boots, its ceo Anthony Fletcher has said.

Real Good Food Company

Real Good Food to focus on growth via acquisitions

By Michael Stones

The Real Good Food Company will focus on growth, partly through acquisitions, following the sale of its sugar subsidiary Napier Brown business, according to boss Pieter Totté.

Left to right: Richard Stevenson, Lloyds Bank Commercial Finance, Paul Williams, Lloyds Bank Commercial Banking (in cab) and Neil Evans, NR Evans md

Food distributor NR Evans creates 60 jobs

By Rod Addy

Chilled food distributor NR Evans has created more than 60 jobs in an expansion of its operation backed by a £3M lending facility from Lloyds Bank.

Tesco urges staff to report misconduct in its new code of conduct

Tesco’s lead on staff conduct ‘should catch on’

By Rod Addy

Tesco’s call to staff to report misconduct in supplier relationships in a newly launched Business Code of Conduct should prompt rival supermarkets to make similar moves, according to a leading industry expert.

Bye: 'Exciting time'

Seabrook Crisps boss investigates investment

By Rod Addy

Seabrook Crisps could “investigate areas for potential investment” to speed up growth after appointing independent corporate finance advisor McQueen, according to ceo Jonathan Bye.

Top ways food and drink firms can secure investment

Top three tips to securing investment

By Laurence Gibbons

Food and drink firms seeking crowdfunding must provide detailed business information to ensure they stand out from the competition to potential investors.

Tesco faces a second financial probe, this time by the Financial Reporting Council

Tesco finances face new probe

By Michael Stones

Troubled supermarket giant Tesco faces a fresh probe into its accounts by the Financial Reporting Council (FRC).

Humber investment creates 222 new jobs

Humber's food industry secures 222 jobs

By Nicholas Robinson

More than 200 jobs have been created in the Humber’s food industry, following a £1.4M investment from a local enterprise partnership (LEP).

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