Quorn Foods has revealed a 50% increase in production capacity to meet a surge in global sales – particularly from the US and Europe – but has remained silent on reports of a takeover bid.
Times are tough in the European food sector, plagued by industry overcapacity, consumer price sensitivity, grocery price wars and retailer pressure on manufacturers’ economics. But taking six practical steps will help food and drink manufacturers find...
A novel maize product which gives products a nutty flavour without the use of nuts, will be launched by Limagrain Céréales Ingrédients (LCI) at next month’s IBA bakery trade fair, which takes place in Munich from September 12 to 17.
So we have a response from the Competition and Markets Authority (CMA) to Which?’s ‘Super Complaint’ about the issue of misleading pricing practices in the grocery market.
Premier Foods has reported sliding sales in its first quarter results to July 4, due to this year’s early Easter, ahead of its annual general meeting yesterday.
Supermarkets with their own food manufacturing facilities have a better chance of price war survival, city analysts have claimed, after the boss of Waitrose warned Britain’s biggest retailers would be wiped out by continued price cutting.
Bread is one of the biggest casualties of the supermarket price war, as retailers keep dropping its price to rock bottom levels in a bid to entice shoppers, according to Gordon Polson, Federation of Bakers’ (FoB’s) director.
Morrisons’ boss David Potts has pledged to exploit the retailer’s “unique attributes”, as the retailer’s first-quarter trading results revealed like-for-like (LFL) sales down nearly 3%.
Ready meals and food-to-go sales soared at Waitrose last week, with Bigham’s and Waitrose own-label Traditional British lines achieving strong sales growth.
William Reed Business Media (WRBM) – the publisher responsible for Food Manufacture Group titles and events – has had its business potential recognised by the Profit Track 100 list of top performing businesses.
Food manufacturing is essential to the future success of Morrisons, this website’s readers have ‘warned’ the retailer’s boss David Potts, following conflicting advice from City analysts.
Young’s Seafood has boosted annual operating profit by almost a quarter as a result of sales growth in both branded and own-label fish despite “challenging market conditions”.
The supermarket price war hasn’t been as bad for food manufacturers as some think and has instead provided a boost for many firms, according to business experts.
Morrisons’ full-year results – to be published on Thursday March 12 – are expected to show another significant fall in profits, reflecting the impact of supermarket price war, as city analyst Shore Capital offered a seven-point to-do list for new ceo...
Consumer awareness of protein’s health credentials has given businesses the opportunity to expand into protein-enriched food and drink, new research has claimed.
Boparan boss Ranjit Singh – ceo of the 2 Sisters Food group – has blamed the firm’s nearly £7M fall in like-for-like (LFL) operating profit on tough trading conditions.
‘Better-for-you ingredients’ is one of five top trends that will influence the purchase of food and fast-moving consumer goods (FMCG) next year, predicts market research firm Canadean.
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.
Asda headed the supermarket pack as the food market officially entered a period of deflation, although consumers were the real winners, according to the latest Kantar Worldpanel figures.
Discount retailer Aldi has launched what it claims is an affordable range of organic products that will help customers save 25% on their normal British organic basket, as the store continued its drive to offer upmarket products.
The tough retail environment would not stop posh ready meal's firm Charlie Bigham’s from investing, said the company’s founder after announcing a 46% year-on-year sales growth this week.
Mergers and acquisitions (M&A) in the food and drink manufacturing sector will be stung by the worsening supermarket price wars, a leading analyst has warned.
Food and drink businesses are set for a depressing Christmas as price competition among major retailers will dampen price inflation on food products in December 2014, according to a report by Mintel.
Anti-competitive behaviour from Associated British Foods (ABF) has stunted The Real Good Food Company’s (RGFC’s) final year sales, its chairman has claimed.
UK food firms must seize the huge business opportunity afforded by the underdeveloped morning snacking market, as chains such as McDonald’s, KFC, Costa and Starbucks lead the way, according to Conlumino.
Social media should not be used by food and drink manufacturers and retailers to make false marketing claims as a means of driving sales, according to the Chartered Institute of Marketing (CIM), which has launched a campaign to encourage companies to...
Morrisons has fired its latest shot in a likely supermarket price war with the pledge that its prices are going to be “permanently cheaper”, as it promised to cut the cost of 1,200 everyday items.
Branded food manufacturers need to establish unique selling points if they are to stem the rising tide of own-label suppliers stealing market share from them, Kantar Worldpanel director Adrian Atterby has warned.
Premier Foods is preparing product launches and marketing campaigns to hit the market with as the dust settles following the successful completion of its refinancing deal.
The bread supply chain will not be affected by the supermarket price wars in the same way as milk, the Federation of Bakers’ director Gordon Polson has said.
Visitors to last month’s Ipex show in London were able to design their own personalised or short-run digitally printed cartons via a brand-specific portal, able to play either a business or consumer-facing role.
Morrisons has refused to confirm or deny suggestions it is preparing to slash suppliers’ prices, in a bid to combat discounters Aldi and Lidl, as top analysts predict food manufacturers could fall victim to a supermarket price war.
Sainsbury has ended its nine-year run of like-for-like (LFL) sales growth, with news they fell by 3.8%, in the 10 weeks to March 15, partly due to the horsemeat crisis, says chief executive Justin King.
Morrisons’ outlook statement, accompanying its full-year results posted yesterday (March 13), was “truly awful”, according to leading City analyst Panmure Gordon.
Almost 90% of UK consumers have pledged to pay more for Fairtrade bananas, if the extra cost benefited farmers and workers’ lives, according to a new survey by the Fairtrade Foundation.
A giant billboard made from over 5,000 bananas has been unveiled on Clapham Common, London in a bid to end retailer price wars trapping thousands of banana workers in poverty.
Premium ready meals sales grew by up to 8% last year, despite more than half (65%) of consumers reporting plans to eat fewer such products and cook more, says customer insight agency Engage Research.
A national press advert from Warburtons – stating ‘No.1 Now London's biggest bakers’ – has been banned by the Advertising Standards Authority (ASA), after complaints from Premier Foods and Allied Bakeries.
2 Sisters Food Group wrestled to right its balance sheet in the first quarter (Q1) of its current financial year, with weak profit performance casting a shadow on strong sales growth.
Price – though very important – isn’t enough for the multiple retailers any more. In their quest for differentiation, other considerations, such as provenance, have become even more important.