Chancellor of the Exchequer Rishi Sunak has announced a 5p per litre fuel duty cut, 0% VAT on domestic renewable energy installations and a doubling of the Household Support Fund to help tackle soaring bills.
2 Sisters Food Group CEO Ronald Kers has warned food inflation could rocket to 15% by mid-year and the UK will face hyper-inflation unseen for 50 years, compounded by the crisis in Ukraine.
Scotland's largest ice cream producer Mackie's of Scotland has posted record revenues and profit despite battling rising costs and pandemic-related lockdown restrictions.
Associated British Foods (ABF) claims its sugar and ingredients divisions have delivered powerful performances in the 24 weeks to 5 March 2022, while Twinings Ovaltine proved a star performer in its grocery channel.
Hilton Food Solutions has invested in a 25% stake in Alf Turner Sausage Company, the brand which hit headlines in 2012 after securing investment from Peter Jones via Dragons Den.
Coffee roasting, packaging and distribution specialist, Pure Roast Coffee, which is based in Lisburn, Northern Ireland, has secured its first contract with a major retailer in Britain - worth £1m.
McCormick UK has invested millions in dry powder silos and liquid tanks for ingredients storage at its new Peterborough food factory, in partnership with European Process Plant (EPP).
Food manufacturers and retailers need to change their approach to inflation to tackle current trends and understand that mid-sized and small retailers and brands are more vulnerable than big companies or own-label.
Sparkling drinks drove strong full-year sales growth for Coca-Cola Europacific Partners (CCEP) as markets began to recover from the pandemic, while Taste & Nutrition helped lift Kerry Group's annual performance and Heineken's revenue rose.
Unilever expects its commodity costs to rise by £3bn in 2022, claiming the price of soybean oil doubled in 2021, while Arla has predicted cost inflation will cause 'a slowdown in branded growth'.
South African food company Moorcroft Foods, which makes dried meat snacks Biltong and Droewors has announced it is establishing a manufacturing facility in Newtownards, Northern Ireland, creating 11 jobs.
Browns Food Group has announced the acquisition of Quality Pork Processors Limited (QPP) in Brechin, ending months of uncertainty about the future of abattoir workers there.
AG Barr has bounced back from the pandemic to post sales ahead of last year in a trading update, with Barr Soft Drinks and Funkin both performing strongly.
The amount of UK food industry mergers and acquisitions (M&A) soared in 2021 to the highest level in more than ten years, according to financial advisory firm Oghma Partners.
Diageo, Britvic and Greencore reported sales surges in their latest financial updates, while ingredients supplier Treatt claimed orders from customers had been very strong.
Avara Foods has invested £12m in automated production for new poultry products, with the project on track for completion by the end of the current financial year.
Unilever is axing 15% of senior managers and 5% of more junior managers, hitting 1,500 jobs in a restructure amid speculation it may be planning to divest its food portfolio.
Growing sales of Premier Foods' Mr Kipling and Cadbury cakes have helped it continue to wipe out debt, while increased sugar, ingredients and grocery sales helped ABF offset rising commodity costs.
The plastic packaging tax - due to be introduced on 1 April 2022 - is one of a few tax changes that could have significant financial impact on food manufacturers in the coming months.
Food and drink processors will need to use new technologies and creative business cases over the next few years to boost energy efficiency and meet green goals.
Private equity firm LDC has made a minority investment in fine foods manufacturer and distributor Bramble Foods 'to support its organic and acquisitive growth strategy'.
Tesco, Hilton Food Group, Marks & Spencer, Finsbury Food Group and Bakkavor have all reported positive sales performance in their latest trading updates, indicating continued recovery from the pandemic.
Distiller, honey and jam producer The British Honey Company (BHC) has announced plans to close its Worminghall, Buckinghamshire office and distillery and consolidate production, dispatch and research & development at its Market Harborough site.
Greggs, the bakery retailer and manufacturer, has appointed Roisin Currie, currently Greggs retail and property director, as chief executive, replacing Roger Whiteside, who has already announced his intention to step down from the board.
Regal Food Products Group Plc, the company behind the Regal Bakery, Regal Foods and Yorkshire Baking Company brands, has acquired premium desserts manufacturer Just Desserts for an undisclosed sum.
Managing soaring costs across the supply chain will be crucial to the delivery of profit for the big grocery retailers this year, according to Shore Capital analyst Clive Black.
Denmark-based natural food colours supplier Oterra has completed its acquisition of Diana Food's natural colourings business, which includes its factories at Holbeach, Lincolnshire and Cossé in France.
An inquiry into the Australia-UK free trade agreement's (FTA) impact on the food chain has been launched by the Environment, Food and Rural Affairs (EFRA) Committee.
How can food and drink manufacturers offset rising production costs through increased efficiency and better use of resources, including renewable energy? That's the topic of the next Food Manufacture webinar.
Ivy Farm Technologies, the UK start-up seeking to bring cultivated meat to UK consumers by 2023, has appointed former Barclays investment banker Azamat Kokov as a food technology finance expert.
Food inflation and rising labour costs will influence supermarket prices from now, with prices rising by at least 5% and the situation persisting throughout next year, according to one analyst.
Associated British Foods (ABF) is managing to offset what it describes as 'an escalation' in utility, supply and raw material costs through cost efficiencies and price recovery.
Multi-protein food business Hilton Food Group has agreed to acquire smoked salmon producer Dutch Seafood Company BV, which trades as Foppen, expanding Hilton's activities into the US market.
AG Barr, the soft drinks company, is to take over the MOMA porridge and plant-based milk business in three years after agreeing an initial 60% equity stake.
Chilled food powerhouse The Compleat Food Group has acquired Crewe-based Wrights Food Group, the savoury bakery, sweet pastry and ready meals manufacturer.
Treatt, the manufacturer of natural extract and ingredients claims to have ‘successfully navigated’ the pandemic, boosted by the swift evolution of the ready-to-drink canned cocktail market and continued growth in its healthier living categories.
O’Brien Fine Foods, one of Ireland’s leading producers of cooked meats, including the Brady Family, Homebird, and Green Farm brands, has acquired food producer Bearfields of London.
New business and strong food-to-go and wider convenience sales have helped Greencore Group return to revenue and profit growth after a challenging year.
Soft drinks manufacturer Britvic has revealed that Government restrictions on trading in the out-of-home channel and on the movement of people have continued to have an impact on its business.