Investment

Abergavenny Fine Foods has secured funding from HSBC UK

Abergavenny Fine Foods in seven-figure investment

By Gwen Ridler

Welsh manufacturer Abergavenny Fine Foods has secured a seven-figure finance package from HSBC UK to help extend its reach into vegan food, reach £40m in sales within three years and protect jobs.

Quorn has invested in a £7m global innovation centre

Quorn invests £7m in innovation centre

By Gwen Ridler

Meat alternative food manufacturer Quorn Foods has invested £7m in a new global innovation centre in the north east of England, as it posts £112m in like-for-like sales in its 2018 half-year results.

Greggs posts profit growth as it invests in consolidating its manufacturing operations

Greggs posts growth as it consolidates manufacturing

By Gwen Ridler

High street baker Greggs has posted a £3.6M boost in its operating profit for the year ending 30 December 2017, as it continues to invest in consolidating its manufacturing operations and expanding its logistics capacity.

Arla plans to make Aylesbury home to the production of lactose-free products for the UK market

Dairy giant plans to invest hundreds of millions in 2018

By Rod Addy

Ingredients firm Arla aims to invest £460M globally in 2018, including £72M in the UK, amid plans to create a UK manufacturing hub for its Lactofree brand, upgrade production and champion eco-friendly packaging initiatives.

Greggs posted its seventeenth quarter of sales growth

Greggs posts 17th quarter of continued sales growth

By Gwen Ridler

High street bakery Greggs has delivered its 17th quarter of consecutive like-for-like (LFL) sales growth in its fourth-quarter trading update, as it plans “record investment” in its supply chain in 2018.

FEI Foods has created 70 jobs at its new factory in Llantrisant, south Wales. Left to right: Paul Williams (Lloyds Bank), Lloyd Williams (FEI Foods) and Richard Stevenson (Lloyds Bank)

FEI Foods creates 70 jobs at new factory

By Gwen Ridler

Microwavable rice and grain products manufacturer FEI Foods is to create 70 jobs at a new factory in south Wales, after securing £19M in funding from Lloyds Bank.

The Grown Up Chocolate Company has secured a £675k investment

News in Breif

Chocolate company secures £675k investment

By Gwen Ridler

Confectionery manufacturer The Grown Up Chocolate Company has secured a £675,000 investment from specialist bank Aldermore to support business growth.

Sainsbury’s underlying profit before tax of £251M was down 9%

Sainsbury’s profits fall 9% in first half

By Rick Pendrous

Sainsbury has reported that a focus on food quality, price and innovation helped its supermarket business grow food transactions ahead of the market in its latest interim results for the 28 weeks to September 23 2017.

Original Recipes’ pâtés and terrines are based on traditional family recipes

Pâté maker wins regional funding for expansion

By Rick Pendrous

Chesterfield-based food specialist Original Recipes, which makes a range of pâtés and terrines, is aiming to treble its production capacity after securing a £25,000 investment from the Northern Powerhouse Investment Fund (NPIF) to fund its expansion.

Burts Chips has invested £3M in a new high-speed potato frying line to meet export demand

Burts Chips invests £3M and creates new jobs

By Michael Stones

Burts Chips has boosted capacity by 20% at its Plymouth factory and created new jobs, after investing £3M in a new high-speed potato frying line to meet export demand for its products.

Mondelēz boss Glenn Caton urged to food and drink manufacturers to step up investment

Mondelēz boss urges food industry investment

By Noli Dinkovski

Food and drink manufacturers need to invest if they want to avoid “long-term productivity issues” faced by the UK economy in the run-up to Brexit, a boss at one of the world’s biggest confectionery companies has claimed.

Cake and bread maker Finsbury posted sales and profit growth in a ‘challenging’ market

Finsbury posts growth in ‘challenging’ market

By Gwen Ridler

Speciality bread and cake manufacturer Finsbury Food Group has grown profits and sales in its latest financial results, despite “current challenges facing the industry”.

Quorn Foods revealed plans to create more than 300 jobs in Teesside

Quorn’s £150M investment to create 300+ jobs

By Matt Atherton

Quorn Foods has invested £150M in its Billingham factory, creating more than 300 jobs over the next five years, the meat alternative manufacturer revealed on July 24.

Exports were one of the top growth opportunities for food and drink manufacturers

Food manufacturing opportunities revealed in EEF plan

By Matt Atherton

Food and drink manufacturers could increase growth by exporting to emerging markets, and by investing in innovation, according to a sector bulletin by EEF, the manufacturers’ organisation, and Santander.

Star Feast Foods has invested £200k in its London operation. Steve Money (left) and Mohammed Khan (right)

Seafood firm in £200k London investment

By Gwen Ridler

Seafood supplier Star Feast Foods has invested £200,000 in its London operations, as it expands its trade and wholesale offering in the capital.

Real Good Food to invest £15.5M in its cake decorating and bakery subsidiaries

Real Good Food makes £15.5M investment

By Gwen Ridler

Baking ingredients supplier Real Good Food (RGF) is investing £15.5M to expand two of its subsidiaries in Liverpool and Wiltshire, after securing funds from a private investor.

Sainsbury's food division remains resilient, said group chief executive Mike Coupe

Sainsbury’s food is ‘resilient’ as profits fall

By Matt Atherton

Sainsbury’s food business remains resilient in a difficult market, the supermarket says, as the group’s full-year profits before tax fell 8.2% to £503M in the 12 months to March 11.

Polman: Unilever is to offload its spreads business and combine its food and beverages units

Unilever to put Spreads business up for sale

By Rick Pendrous

Unilever is to sell off or demerge its Spreads business and combine its Foods and Refreshment activities into one organisation based in the Netherlands, as a result of a structural review just completed.