Smirnoff distiller Diageo faces £200M+ restructuring hit
Diageo faces restructuring costs of up to £250M in order to deliver annual savings of £200M by mid-2017, as it struggles with emerging market challenges and falling beer sales.
Archives for January 30, 2014
Sainsbury launches competition to cut energy use
Sainsbury is calling on energy firms to help it tap into solar energy on all its properties as part of its plan to become the UK’s greenest grocer.
FSA forced to add clarity on raw milk rules
Confusion about the route to sale of raw milk has forced the Food Standards Agency (FSA) to add clarity on where unpasteurised products can be sold.
Jobs threatened at Noble Foods’ egg packing plants
Noble Foods is considering axing jobs as it relocates shell egg packing operations in Scotland and Lincolnshire to a newly built facility in Oxfordshire, the company has confirmed.
New peanut allergy treatment for kids ‘a great success’
A cure for children suffering the misery – and sometimes fatal consequences – of peanut allergy has moved significantly closer, according to a consultant allergist involved in a new ground-breaking study.
SMEs rejected by banks offered financing
Small and medium-sized enterprises (SMEs) in the food and drink sector could benefit from an innovative and flexible source of financing if they have previously been rejected by banks, according to a new company launched this week.
Pastry and pork hold promise for Cranswick
"Pleasing progress" with its newly opened pastry facility and strong pork prospects bode well for Cranswick’s future as it celebrates a successful third financial quarter (Q3), according to one analyst.
Business Leaders' Forum
How to spot a good food industry merger or acquisition
“The key driver should be the future integration of the business to add value to the whole,” Ben Mercer, partner corporate with the law firm, told the Food Manufacture Group’s Business Leaders’ Forum in London last week.
Business Leaders' Forum
Business Leaders’ Forum: sponsors’ spotlight
The chance to engage with clients and design products and services attuned to the needs of food and drink manufacturers were just two of the reasons sponsors gave for backing the Food Manufacture Group’s Business Leaders’ Forum.