Supermarket prices ‘to rise 5% in six months’: Justin King
Supermarket grocery prices are set to rise by at least 5% in the next six months, driven by a fall in the value of sterling, predicts former Sainsbury boss Justin King.
Archives for November 23, 2016
Manufacturers to ‘absorb extra costs … but something has to give’
Food and drink manufacturers will absorb extra costs as far as they can, but most will reach a point where something has to give, warns Food and Drink Federation (FDF) boss Ian Wright.
Heinz ‘Can Song’ ad banned over safety concerns
A Heinz Beanz ad has been pulled from television screens, after it was judged to encourage behaviour that was dangerous and unsafe by the Advertising Standards Authority (ASA).
British beef exports to China, worth millions, move closer
New British beef exports to China – potentially worth millions of pounds – moved a step closer recently, after Chinese officials visited Britain to judge levels of animal welfare and disease control measures.
Diageo workers to strike over pension row
Diageo workers have voted in favour of industrial action in a row over pension changes.
Finsbury Food’s bakery division sales fall 4%
UK bakery sales for Finsbury Food Group fell by 4% in the first four months of the new financial year, while its Overseas division reported sales up by 36.5%.
Non-EU food exports see significant growth
UK food and drink exports outside of the EU have seen significant growth in 2016 compared with last year, revealed a new report from the Food & Drink Exporters Association (FDEA) and the Food and Drink Federation (FDF) released on Monday (November 21).
‘Record-high’ food stocks keep prices low: Rabobank
Global food prices will be kept low thanks to record-high stock levels, according to food and agribusiness bank Rabobank’s Global Outlook report.