Sainsbury banks on its bank’s growth with full acquisition
Britain’s third largest supermarket Sainsbury has taken full control of Sainsbury’s Bank, after acquiring the remaining 50% shareholding from Lloyds Banking Group for £248M.
Archives for May 7, 2013
Soft drinks industry value rises 3.3% to £15bn
The value of the soft drinks industry rose by 3.3% to nearly £15bn last year, according to a new report published by the British Soft Drinks Association (BSDA) today (May 8).
Industry body casts the Student Award net to catch the next generation of food scientists
As part of its programme to encourage young people to choose a career in the food industry, the Society of Food Hygiene and Technology (SOFHT) has launched its first Student Award.
It's time to renew trust in the food industry
The horsemeat scandal has severely damaged consumer confidence in the industry's ability to regulate itself and will have major implications for the way food safety is regulated in the future.
Food taxes will not beat obesity: manufacturers
Food taxes introduced by some EU member states to discourage the consumption of ‘unhealthy’ foods will not tackle obesity and risks hindering the competitiveness of EU food and drink industries, warns the manufacturers’ organisation FoodDrinkEurope.
Sainsbury ‘grandfather’ praised for sound results: City
Sainsbury boss Justin King – “the grandfather of UK supermarkets” – has drawn praise from City analyst Shore Capital, after the nation’s third largest retailer reported sales, including fuel, up by 4.5% to £23.3bn for the year to March 16.
BPEX launches pig welfare assurance database
The British Pig Executive (BPEX) has launched a new online database to showcase pigs that adhere to the Red Tractor welfare assurance scheme.