Archives for January 17, 2014

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Ocado cash flow growth ‘not expected anytime soon’

By Michael Stones

Online grocery distribution business Ocado will not deliver cash flow growth in the short term, according to City analyst Shore Capital, after the online grocery distribution business released its results for the 16 weeks to December 1 2013.

Tulip invests in gammon and bacon production

By Rod Addy

Meat processor Tulip is investing almost half a million pounds in a project designed to create a centre of excellence for gammon and bacon production in Cornwall.

Sweet Christmas for Thorntons, according to Q2 trading

By Michael Stones

Thorntons reported sweet success over Christmas, with its second quarter results, for the 14 weeks to January 22, revealing sales in both fast moving consumer goods (FMCG) and retail divisions ahead of some City analysts’ expectations.

2 Sisters Food Group gains Welsh government backing

By Rod Addy

2 Sisters Food Group has won closer support from the Welsh government, which has just declared Boparan Holdings, 2 Sisters’ parent company, one of its six new ‘anchor’ companies.

Income gap between rich and poor is biggest global risk

By Rick Pendrous

The income gap between rich and poor is seen as the biggest threat to the world over the coming decade, according to World Economic Forum’s (WEF’s) Global Risks 2014 report, released yesterday (January 16) in advance of next week’s meeting of political...

ABF growth dampened by sugar price drop

By Rod Addy

Plunging world sugar prices hampered sales growth for Associated British Foods (ABF) in the first quarter of its current financial year, but its Twinings and Allied Bakeries brands delivered strong performances.