Finsbury Food Group foodservice arm Kara has invested more than £1m to boost capacity at its Manchester factory by more than 30% and particularly drive up its output of doughballs.
The rapid onset of the COVID-19 pandemic, coupled with the drastic lockdown restrictions, has left many businesses – particularly those that rely on heavy footfall – in dire financial circumstances.
European Freeze Dry has announced a £1.5m investment in its factories in Preston, Lancashire, and Kirke Hyllinge in Denmark to meet soaring demand for its freeze-dried ingredients and ready meals.
Banana supplier Winfresh UK Ltd – located at Little Canfield near Stansted Airport in Essex – and owned by Winfresh Ltd, has entered administration, placing 70 jobs at risk.
Italian nut and dried fruit firm Besana, which supplies manufacturers and supermarkets including Tesco and Waitrose, will grow its Ipswich packing and distribution site following a merger with Spanish company Importaco.
First Milk is investing £5m this financial year to boost capacity and meet environmental goals, chief executive Shelagh Hancock and chief financial officer Greg Jardine reveal in this exclusive Food Man Talks video podcast.
Argent Foods furloughed more than 500 workers in businesses hit hardest by the coronavirus pandemic alongside other tough measures, it announced in its financial report for the 12 months to 31 December 2019.
Warburtons has teamed up with small and medium-sized enterprise (SME) accelerator Mission Ventures to launch a new joint venture to support bakery start-ups.
The Chancellor of the Exchequer’s Summer Economic Update has been broadly welcomed by members of the food and drink industry, but concerns were raised over the speed at which the sector would be able to recover.
Unilever, the name behind Wall's ice cream, PG Tips tea and Pot Noodle, plans to restructure under one UK parent company, Unilever Plc, abandoning dual oversight from the UK and The Netherlands.
Bakkavor, the chilled prepared food producer, is reopening two factories temporarily closed in March to cope with the impact of coronavirus as it reports exports stabilising and sales of key domestic categories improving.
Flora producer Upfield Group aims to open a €50m food science centre at Wageningen in the Netherlands before 2022 focused on developing plant-based products and sustainable packaging solutions.
Freaks of Nature, the Yorkshire plant-based chilled desserts producer, is investing £1m in its manufacturing facilities to keep pace with demand for its chilled desserts and hot puddings.
Big-four retailer Morrisons is to extend its immediate payment scheme for smaller suppliers for a further three months to help combat continued difficulties stemming from the coronavirus pandemic.
The coronavirus pandemic led take-home grocery sales to grow at their fastest rate since records began in 1994, with the Co-op leading the charge, according to figures from market analyst Kantar.
Beverages manufacturer Britvic has balanced the impact of the COVID-19 crisis and the almost complete shutdown of the hospitality and foodservice sectors with strong at-home sales, according to its latest financial results.
Coronavirus has hit small to medium-sized enterprises (SMEs) in the food industry harder than any other sector, bar hospitality and leisure, according to research commissioned by specialist bank Aldermore.
Premier Foods’ intention to redeem £80m of its outstanding floating rate notes is a sign of a turnaround for the business’ finances, according to an industry expert.
Nestlé's investment in countering COVID-19’s impact totals more than £9m to date, as a raft of other food firms reveal the industry’s latest efforts to battle the virus.
Brewers Carlsberg UK and Marston’s plan to forge a joint venture valued at £780m that would unite two companies wielding sales of almost £2bn between them.
Butlers Farmhouse Cheeses has accelerated new product development as a result of the COVID-19 pandemic, despite still wrestling with considerable supply chain disruption, commercial director Matthew Hall explains.
The ongoing coronavirus crisis has forced brewing giant Marston’s to agree £70m of additional liquidity through an increased bank facility, as it waits for pubs to reopen.
The Government is to temporarily guarantee B2B transactions currently supported by Trade Credit Insurance (TCI) in a bid to help companies struggling to keep up with bills during the coronavirus crisis.
The Government has issued back-to-work guidance as it extends the furlough scheme, enabling workers to receive 80% of their salary up to £2,500, to the end of October.
Gluten-free noodle manufacturer Mr Lee’s Pure Foods has smashed its £1.75m crowdfunding target in less than a week, as it sets its sights on further international expansion.
Avara Foods' former Cherry Valley Foods duck processing and agricultural operations are facing closure, threatening 300 jobs at Caistor in Lincolnshire.
Small food and drink businesses unable to access funding through existing coronavirus support schemes could soon benefit from 100% state-backed loans worth up to £50,000.
Food and drink exports bucked the wider downturn in UK international manufacturing sales caused by coronavirus' impact, softening an overall decline from January to March 2020, Lloyds Bank International Trade Index claims.
Premier Foods has delivered a “triple whammy” of positive results on the back of its latest update, according to Shore Capital head of research Clive Black.
Lancashire Farm Dairies is investing £1m in robotics and advanced technology in a move aimed at boosting capacity just as producers are warning of a dairy industry crisis.
Manufacturers supplying foodservice firms will struggle to secure investment after the coronavirus passes, according to mergers and acquisitions (M&A) specialist Oghma Partners.
Tesco “deserves immense credit and thanks” for its “almost military-like programme of work” surrounding the coronavirus crisis, according to Shore Capital head of research Clive Black.
Associated British Foods (ABF) chief executive George Weston and finance director John Bason have requested a temporary 50% pay cut in anticipation of much lower earnings for the company following the coronavirus outbreak.
Entrepreneurs targeting a reduction in childhood obesity are set to benefit from a £1.8m funding pot launched yesterday (30 March), supported by accelerator Mission Ventures.
Vertically integrated retailer Morrisons has posted continued growth despite the backdrop of a global pandemic, with profit over £400m in the year ended 2 February 2020.
Chilled prepared foods manufacturer Bakkavor has completed a £455m refinancing of its bank facilities as it continues to push for greater sustainability within the business.
Food and drink start-ups working on projects to tackle childhood obesity are set to benefit from a new accelerator fund, supported by the founder of New Covent Garden Soup Company and the founder of baby food brand Plum Baby.
Meat processor Tulip Ltd has been forced to enter into collective consultation with employee representatives over the future of its fresh pork manufacturing site in Tipton, where 642 staff work.
Associated British Foods (ABF) has predicted sales and profit growth ahead of last year, despite the negative impact of falling sales at Allied Bakeries.
Online retailer Ocado has reported a £214m pre-tax loss for the year ended December 2019, after costs resulting from a fire at its Andover customer fulfilment centre ate into profits.
Jobs at desserts maker Indulgence Patisserie have been saved after certain assets of the company were bought out of administration by specialist turnaround investment firm Volvere.
Premier Foods has been labelled one to watch by finance specialist Shore Capital, as the Mr Kipling owner emerges from its status as a “sustained car crash as a listed entity”.
