Finance

Murphy & Son saves £100,000 through brewery innovation

Innovative approach pays off for Murphy & Son

By Jerome Smail

Brewing supplies and consultancy firm Murphy & Son claims to have saved nearly £100,000 over the past three years through its approach to product development.

Adam Street Advisers supported the MBO of St Helier Beverage Company

St Helier Beverage Company management buyout

By Gwen Ridler

Corinthian Brands joint managing directors John Hibberd and Paul Burton have led a management buyout (MBO) of parent company St Helier Beverage Company, with help from an eight-figure funding package from finance lender ThinCats.

Leaving the EU has had a profound effect on the exportation of 'just-in-time' short shelf-life food, says CFA director Karin Goodburn

Chilled Food Association and vets battle Brexit red tape

By Rod Addy

The Chilled Food Association (CFA) is supporting vets battling the rising tide of costly red tape needed to allow Great Britain to transport short shelf-life composite foods of animal origin into the EU.

UK food exports to the EU fell by 75.5% in January 2021 compared to January 2020

Top five food exports to EU taking hit in January

By Rod Addy

Salmon, beef, pork, cheese and animal feed were the top five UK food chain items exported to the EU taking the biggest percentage hit in January, with overall exports down 75.5% on January 2020.

Princes Group makes the canned foods that are an essential part of its whole food range at Long Sutton

FoodMan Talks

Princes Long Sutton boss on Canning Excellence

By Rod Addy

Princes general manager of canning Rob James walks Food Manufacture through the final stages of its £80m Canning Excellence project, implemented in the midst of the COVID-19 pandemic, in this episode of FoodMan Talks.

The canning line is part of a much wider £80m investment

Princes Foods Long Sutton factory boosts canning capacity

By Rod Addy

Princes Foods has boosted canning capacity at its Long Sutton site in Lincolnshire with the installation of a new flexible canning line for ready meals completing another phase in an £80m investment programme.

Johnson: 'We will not pull the rug out'

Chancellor 'should extend furlough and credit insurance'

By Rod Addy

Chancellor Rishi Sunak should extend the Government's furlough and credit insurance schemes in his March Budget announcement to support the food and drink industry and others hit by COVID-19-related lockdowns.

The site will require the existing workforce to acquire new skills

Treatt and Siemens detail new digital factory

By Rod Addy

Global ingredients supplier Treatt shares more details about its new digital factory in Suffolk, construction of which has involved a close partnership with Siemens, in this podcast.

The Nescafé range performed strongly across the world

Nestlé: Nescafé and Starbucks among top performing brands

By Rod Addy

Garden Gourmet, Nescafé, Starbucks and Purina PetCare fuelled organic sales growth in Europe, the Middle East and North Africa, according to Nestlé's latest full-year results, although COVID-19 hit group reported sales.

Continued impact from the pandemic is expected, but Tate & Lyle proved buoyant

Britvic, Tate & Lyle and Diageo post financial updates

By Rod Addy

Out-of-home declines at Britvic offset sales growth in at-home products in its first quarter (Q1), Tate & Lyle's primary product sales rose in the three months to 31 December and Diageo reported dented interims.

Businesses are pinning their hopes on improved performance once lockdown eases

Financial roundup: pandemic pummels food firms

By Rod Addy

Greencore, Real Good Food (RGF) and AG Barr financial updates all reflected hits as the latest COVID-19-related lockdown affected consumer buying habits, but hope remains for the coming year.

Sproud's products are available via Waitrose, Ocado and Amazon in the UK

Sproud raises £4.8m for plant-based milk push

By Rod Addy

Plant-based milk producer Sproud has announced that it has raised £4.8M from growth capital investor VGC Partners to accelerate distribution of its vegan products in core markets, including the UK.

Jenkins: export plans to include North America, the Far East and Australia

FOOD MAN TALKS

Somerdale director on Abergavenny Fine Foods deal and Brexit

By Rod Addy

Alan Jenkins, Somerdale International's director responsible for North America exports explains what the acquisition of Abergavenny Fine Foods's (AFF's) blended cheese assets means for his business and outlines the impact of Brexit.

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