The food and drink manufacturing sector needs to recruit more women, says the Food and Drink Federation (FDF), after a government-backed review recommended the appointment of more women bosses in British businesses.
Sainsbury has posted worse than expected quarter one (Q1) results in the wake of increased competition – but they are “far from a car crash” – a leading City analyst has claimed.
Morrisons has regained its listing on the exclusive FTSE 100 group of companies, after a boost to its share price arising from improved trading and the announcement of its partnership with online retailer Amazon.
2 Sisters Food Group’s decision to snap up S&A Foods’s former site in Derby and reports of Morrisons’ potential exit from the FTSE 100 leads our selection of the top headlines in food and drink manufacturing.
Diageo has welcomed a report finding big businesses are on track to meet their target of 25% of women board members at Financial Times Stock Exchange 100(FTSE100) companies by the end of the year.
The birth of a new global mega brewer moved a step closer today, as SABMiller revealed it had accepted “in principle” a higher takeover bid from rival Anheuser-Busch InBev, which valued the business at £44 a share.
Morrisons boss David Potts has today (June 8) slashed up to a third off the prices of 200 everyday items in his latest bid to turn the beleaguered retailer’s fortunes around.
The threat of falling foul of the forthcoming Groceries Code Adjudicator has saved Sainsbury’s food and drink suppliers from having their payment times extended, according to the Forum of Private Business (FPB).
Greencore has made an encouraging start since its acquisition of chilled foods business Uniq, according to city analysts, after the firm posted its most comprehensive financial results since the takeover.
Greencore ceo Patrick Coveney has told FoodManufacture.co.uk that he is “highly confident” that his company’s £113M cash offer for Uniq will be successful.
