Inside food & drink manufacturing
Analysts at Shore Capital have described Premier Foods half yearly trading statement released today as “shocking, even by Premier’s standards”, as the company revealed a significant slump in profits for the first half of 2011.
The Cake Bake Company has entered administration after the Kent-based firm encountered severe financial difficulties, FoodManufacture.co.uk has learnt.
Tough new regulations are needed to tackle the promotion of junk food to children by large food firms, according to the author of a prominent new report on responsible standards for food marketing.
Despite rising wheat and energy prices, Warburtons says it was forced to keep a check on bread prices and increase promotions during 2010 to “maintain its market share”.