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Kellogg GB reported a 30% drop in pre-tax profits

Kellogg GB profit 30% down after job cuts

By Matt Atherton

Kellogg Company of Great Britain (Kellogg GB) has reported a 30% drop in pre-tax profit in its annual financial statement, after the firm cut 90 jobs last year.

Cathedral City was expected to suffer a small volume decline in the first half

Dairy Crest’s key brands to deliver volume growth

By Michael Stones

Dairy Crest’s four key brands – Cathedral City, Clover, Country Life and Frylight – are expected to deliver combined volume growth in the first half of this year, according to the firm’s pre-close trading update for the six months to September 30.

Greencore delivered 6% like-for-like revenue growth to reach £1,290.2M

Food-to-go drives growth for Greencore

By Michael Stones

Greencore's convenience foods division has achieved a 6% rise in like-for-like revenue to reach £1,290.2M in results for the year ended September 25 2015.

Difficult trading conditions have hit sales for cider maker C&C

Profits fall 9.5% at Magners cider maker C&C

By Michelle Perrett

Magners producer C&C has reported “difficult trading conditions” in its core markets as operating profit fell 9.5% to 62.2M in the six months to August 31 2015.

Tesco has posted another big profit fall

Tesco posts 55% slump in first-half profit

By Michael Stones

Tesco has posted a 55% slump in first-half underlying profit to £354M from £779M last year, the day after its boss Dave Lewis pledged to standardise payments to its suppliers.

Morrisons' new executive board is putting the retailer 'back on track', City analysts claim

Morrisons takes on new HR director

By Nicholas Robinson

Morrisons, Britain’s second largest fresh food manufacturer and fourth largest retailer, has appointed Clare Grainger as its new group human resources (HR) director.

Greggs's results should be toasted in Newcastle, said Shore Capital

‘Newcastle should be … sausage rolling Greggs’

By Michael Stones

“Newcastle should be toasting, or is that sausage rolling Greggs today, after another impressive update,” is how city analyst Shore Capital summed up the high street baker’s half-year results.

Tesco reported an annual pre-tax loss of £6.38bn

Signs of hope after Tesco’s ‘dismal’ year

By Rod Addy

Tesco has suffered a ‘dismal’, ‘nightmare’ year, “struggling to reassert its dominance”, but is showing signs of hope for the future, according to analysts.

2 Sisters saw net losses of £143.3M, but growth in like-for-like operating profit, pre-tax profit and sales

2 Sisters Food Group hit by costs of £163.5M

By Rod Addy

Costs and charges of £163.5M increased 2 Sisters Food Group’s debts across the past full financial year, according to results just posted by parent company Boparan Holdings.

Macphie makes a range of ingredients for bakeries, in addition to other customers

Raw material costs hit Macphie of Glenbervie

By Rod Addy

Ingredients manufacturer Macphie of Glenbervie took a £182,000 hit to its profits as a result of volatile raw material costs, according to its latest annual results.

Tesco has agreed to buy increased volumes from Hilton Food

Hilton Food hits delay with Tesco contract

By Rod Addy

Hilton Food Group has hit a speed bump in its drive to boost supply volumes with Tesco after announcing a deal to grow that business, according to analysts.

Williams: 'brand new food food-to-go facility'

Greencore Northampton site to offer hundreds of jobs

By Rod Addy

Greencore’s £30M food-to-go factory at Northampton, announced yesterday (May 20), is expected to deliver hundreds of extra jobs to the region, according to the company’s chief financial officer Alan Williams.

Northern Foods still struggling in frozen

Northern Foods still struggling in frozen

By Rod Addy

Northern Foods is still working to address declining profitability in its frozen foods division, the company announced as it unveiled its full-year...

Cuts on dessert menu

Cuts on dessert menu

By Elaine Watson

Job losses will help Minsterley back into the black, says Uniq

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