Tax

Bernard Matthews takeover cleared by CMA

2 Sisters owner ‘cleared’ over Bernard Matthews deal

By Matt Atherton

Boparan Private Office has “welcomed” the Competition and Markets Authority’s (CMA’s) decision to clear its acquisition of turkey processor Bernard Matthews, after it was probed over the takeover.

New draft legislation for the UK sugar tax was slammed for being 'complex'. Image: Petr Kratochvil

‘Complex’ sugar tax draft slammed

By Gwen Ridler

Draft legislation for the Soft Drink Industry Levy has been described as “complex” and raises “serious questions” if a sugar tax would work, said law firm DWF.

Premier Foods ceo Gavin Darby blamed falling sales on warm weather

Premier Foods blames falling sales on warm weather

By Michael Stones

Premier Foods’s ceo Gavin Darby has blamed a 4% fall in the manufacturer’s Grocery division sales and falling profits on warm weather in half-year results for the 26 weeks to October 1 2016.

Bernard Matthews sale: the pension pot is likely to receive 1p in the pound at best

Bernard Matthews deal under fire for extracting ‘maximum cash’

By Noli Dinkovski

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 have given a mixed reception to the Chancellor's budget

Budget 2016

Food and drink firms give mixed response to budget

By Michelle Perrett

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.

Not so sweet: Claim and counter claim surround Mondelēz's UK tax payments

Mondelēz hits back at critics in UK tax row

By Michael Stones

Mondelēz International has hit back at critics who argued the global food giant avoided meeting its UK tax liabilities last year, after it was revealed the business paid no corporation tax in 2014.

The chancellor's Spending Review should settle seven key questions: EEF

Autumn statement

Spending Review: what manufacturers want to see

By Michael Stones

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.

Many have found Starbucks' UK tax strategy hard to swallow

Starbucks quiet on G8 tax dodging deal

By Mike Stones

Coffee giant Starbucks has refused to comment on plans to tackle tax avoidance agreed by G8 leaders in Northern Ireland yesterday (June 18).

On your side or on your back? George Osborne claimed the budget showed the government was 'on the side of people trying to work hard'

Manufacturers react to the budget – in quotes

By Mike Stones

Bouquets and brickbats – seemingly in equal measure – greeted the chancellor’s budget this week. Here, we bring you a flavour of the key points in quotes from industry groups and leading players.

Actions to curb rising energy costs, cut red tape and improve access to finance topped the food industry’s budget Wish List

Food industrys’s top 10 budget Wish List

By Lorraine Mullaney

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...

Commodity concern: Premier Foods remained vulnerable to rising wheat prices, said Investec

Premier Foods: the six key challenges: City

By Mike Stones

Premier Foods faces six key challenges – including: managing consumer demand uncertainties, reducing its borrowing and grappling with its pension deficit – according to City analyst Investec.

Here's how the Sun greeted the Chancellor's u-turn

Pasty tax u-turn – in media quotes

By Mike Stones

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.

The chancellor wants to impose the warm food tax within six months

Greggs slams government over warm food tax

By Dan Colombini

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.

Missed Budget opportunity? Cutting diesel duty by 2.5p per litre would have created an extra 175,000 jobs with no loss of revenue to the Exchequer, claimed the Freight Transport Association

The Budget for food manufacturers – in quotes

By Mike Stones

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.

A case of mixed reaction. Food manufacturers welcomed plans to simply the carbon reduction commitment but regretted that it was not scrapped altogether

Food manufacturers’ mixed reaction to budget

By Mike Stones

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 producers face a bright future - provided they can meet the challenges of overcapacity and pension liabilities, said Eaton

Geoff Eaton sets out chilled food challenges

By Rod Addy

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.

Acquisitions could prove sweetener for Tate: City

Acquisitions could prove sweetener for Tate: City

By Ben Bouckley and Anne Bruce

City analysts believe that Tate & Lyle could pursue growth via acquisitions, rather than in-house development, as they discussed the firm’s first quarter trading update yesterday.

Eaton: Stronger than expected sales in food-to-go

Uniq Q4: Desserts -1.7%, food-to-go +8.3%

By Elaine Watson

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%).

Cranswick’s strategic prospects have ‘rarely been better’

Cranswick’s strategic prospects have ‘rarely been better’

By Elaine Watson

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.

The chill factor

The chill factor

Stephen James has never seen a food refrigeration plant that works. That's a bit of an exaggeration. Nevertheless, as director of the newly...

Spotlight

Featured Jobs

View more

Follow us

Products

View more

Webinars

Featured Suppliers

All suppliers

PRODUCTS & SERVICES