Multi-million pound sale of sports nutrition firm Grenade
UK-based sports nutrition firm Grenade, which sells products through Tesco, is primed for explosive growth following Grovepoint Capital’s multi-million pound acquisition of the business.
Archives for February 26, 2014
£4M to double production at Speyburn Distillery
Scottish drinks business Speyburn Distillery aims to double whisky production in a £4M expansion programme that will also slash its energy use.
£2.5M to boost Charlie Bigham’s ready meal capacity
Posh ready meal manufacturer Charlie Bigham’s is to invest £2.5M in production equipment over the coming year amid aims to increase capacity and improve efficiency and food quality.
UK spearheads €12M EU food fraud project
An EU-wide initiative targeting food fraud, costing €12M, has been announced, spearheaded by the UK’s Food and Environment Research Agency (FERA).
Co-op to sell off farms as losses predicted to exceed £2bn
The troubled Co-op Group is selling off its farms in a bid to reverse mounting losses, predicted to exceed £2bn.
Copycat fraudsters create export barrier for UK brewers
Copycat manufacturers producing fraudulent UK beers are a big barrier to small brewers exporting their products to China, according to the boss of the Society of Independent Brewers (SIBA).
Diageo’s Captain Morgan TV advert made to walk plank
A TV advert for drinks giant Diageo’s Captain Morgan rum has been banned by the Advertising Standards Authority (ASA), after complaints that it linked alcohol consumption with adventure.
Did Tesco ‘miss opportunity’ with price cut move?
Tesco may have missed an opportunity to champion shoppers, as its vow to invest £200M in price cuts annually may not be aggressive enough, according to a leading grocery analyst.
Dairy giant Arla eyes cheese and on-the-go milk NPD
Arla Foods is investigating the potential for smaller on-the-go formats for milk and milk drinks this year, and new product development in cheese.
British Poultry Council survey hails production cost fall
UK poultry suppliers have hailed a drop in production costs in the latest British Poultry Council (BPC) survey.
Kerry’s results dented by horsemeat crisis
Horsemeat and hot weather reduced Kerry’s sales growth in ready meals last year, according to its preliminary results for the year to December 31 2013.
Indulgence Patisserie’s £2.5M plant to add up to 30 jobs
Desserts business Indulgence Patisserie aims to create 25–30 jobs in the next three years after completing a new factory next to its existing Colchester facility.
Greggs’s results ‘show encouraging signs’: City
Greggs is showing encouraging signs of transforming its fortunes by “resurrecting like-for-like sales”, said City analyst N+1 Singer, after the high street baker released preliminary results for the 52 weeks to December 28 2013.
Frozen food must innovate to flourish
British frozen food manufacturers must reveal the benefits of frozen food to the consumer to revitalise the sector and increase confidence.
Greencore pours millions into US frozen food-to-go
Greencore has invested millions of pounds in US frozen food-to-go manufacturing as it seeks to build on its success in the market.
Food and drink marketing to kids under spotlight
The Advertising Standards Authority (ASA) is reviewing online food and drink marketing, especially to children, amid concerns about the rising incidence of obesity among young people.