Bernard Matthews’ takeover by 2 Sisters boss Ranjit Boparan appears to have been “carefully crafted” to enable secured creditors to extract maximum value from the company – while at the same time dumping the pension scheme and other liabilities – a Work...
Food and drink manufacturers are still coming to terms with the budget proposal to introduce a sugar tax on soft drinks, while welcoming business rates reform but expressing disappointment on the failure to cut alcohol duties.
British manufacturers – including food and drink producers – will be looking for answers to seven key questions in the chancellor George Osborne’s Spending Review and Autumn Statement this afternoon, according to manufacturing organisation EEF.
Help with rising fuel costs, less red tape and easier access to finance are top of food manufacturers’ Wish List for the 2013 budget. FoodManufacture.co.uk asked some of the industry’s key players what they would like to see in the Chancellor’s Budget...
Food manufacturers and producers welcomed chancellor George Osborne’s autumn statement yesterday (December 5) highlighting changes to the tax system as benefiting the food and drink manufacturing industry.
Chancellor George Osborne’s surprise u-turn on plans to charge VAT on some hot pasties, pies and sausage rolls has received widespread press coverage. Here’s how the national media – newspapers, TV and radio – have reported the news.
High street baker Greggs has hit out over the government’s decision to impose a tax on all warm foods after Chancellor George Osborne’s budget announcement led to £30M being wiped off the firm’s value.
As pundits continue to pick through the fine print of Chancellor George Osborne’s Budget, we capture the implications for food and drink manufacturers in key quotes. There’s a a summary box too, listing the main points for food and drink firms.
Food and drink manufacturers have given a mixed reception to Chancellor George Osborne’s budget after he introduced measures affecting energy, red tape for small businesses and introduced VAT on sports nutrition drinks and takeaway hot food.
Chilled food processors must remedy overcapacity and meet financial challenges, such as pension deficits, to realise the sector’s potential, according to Geoff Eaton, former chief executive of chilled firm Uniq.
Chilled convenience firm Uniq said Christmas trading was “close to expectations” in the fourth quarter with a weaker performance in desserts (down 1.7%) offset by a strong performance in food-to-go (up 8.3%).
Pork giant Cranswick’s strong balance sheet, excellent cash generation and “controlled and manageable pension position” mean its strategic prospects have “rarely been better”, according to analysts at Shore Capital.