Ingredients

ABF’s ingredients see drop in revenue

Associated British Foods' (ABF) ingredients division has seen a 2% reduction in revenue, despite an 11% growth in overall group revenues for the year-to-date.

EDME wins business award

Bakery ingredients supplier EDME is celebrating after winning a regional business award for its commitment to the rural community.

Premier sells ethnic flour business to ABF

Premier Foods has signed a deal to sell its Elephant Atta ethnic flour business to Associated British Foods (ABF) for a cash consideration of £34m.

The firm announced the news this morning and said the move to sell its ethnic flour business to ABF’s Westmill Foods subsidiary would include the Elephant Atta, Elephant Chakki Gold and Fassal brands, predominantly manufactured and packed at the firm’s Southampton-based mill.

Barry Callebaut delivers top-line growth

Barry Callebaut has reported an 8.4% rise in sales revenue in its latest financial results.

CSM given green light for transformation

The proposed move by CSM to ditch its European and North American bakery businesses, and refocus on bio-based ingredients was approved at an Extraordinary General Meeting of Shareholders yesterday (3 July).

RGFC sees strong EBITDA growth

The Real Good Food Company (RGFC) has posted strong results, with EBITDA up 62% to £9.1m in the 12 months to December 2011.

Rapeseed oil firm to double output

Production is to be doubled at rapeseed oil producer Farrington Oils following a £200,000 investment at its site in Northamptionshire.

ADM shows faith in Group 3 buy-back deals

ADM Milling says interest in its buy-back contracts will increase as more growers reap the benefits of high-yield Group 3 wheat.

Bakers welcome report on fall in salt levels

Bakers have welcomed the news that salt levels in the diet have been falling, following the publication of the latest Department of Health (DoH) Urinary Analysis.

Pennington BBS chairman for ninth consecutive year

Marshall Pennington has been announced as The Bakers’ Benevolent Society’s chairman of trustees for 2012/13 – his ninth year in a row in the position.

Bakers welcome results of DoH salt study

Average salt intake in the England is falling, according the latest Department of Health (DoH) Urinary Analysis.

Puratos to continue long-term growth strategy

The Puratos Group has delivered a strong set of final results for 2011, with net sales up 11% to €1.21bn (£969.6m). Ebitda stood at €108.3m (£86.64m), up 4%.

Bakery student bags Rank Hovis Scholarship

A bakery student from The National Bakery School in London’s South Bank has been awarded the Rank Hovis Scholarship.

Belfast students win Future Baker title

Three students from Belfast Metropolitan College have scooped the Future Baker award, winning a week-long bakery trip to the Richemont Centre of Excellence in Switzerland

Increase in home-grown wheat milled in April

Total UK-grown wheat milled was up 1% to 419,000 tonnes (t) during April compared to last year, according to the latest statistics.

Government reveals new sat fat pledge timeline

Saturated fat reduction is set to re-emerge on the government's nutrition agenda, with plans for the Responsibility Deal Food Network to draft new pledges later this year, BB can reveal.

Tate & Lyle secures £3.1bn sales for 2011/12

Global ingredients firm Tate & Lyle has reported a 14% growth in sales to almost £3.1bn in its full-year results.

Anti-GM wheat activists halted by police

Protestors have been prevented by police from entering a research site in Hertfordshire where a trial of genetically modified (GM) wheat is taking place.

First UK GM wheat trial vandalised

An intruder has broken into the Rothamsted Research Centre in Hertfordshire, where the UK’s first GM wheat trial is taking place.

Lotus targets UK bakery ingredients market

Caramelised biscuit manufacturer Lotus Bakeries is targeting the UK ingredients sector for the first time with a new crumb-based product.

Napier expansion creates 20 jobs

Sugar supplier Napier Brown plans to expand its Normanton factory and open a new distribution centre in Hull as it increases sugar imports from outside the EU.

Kerry signs up for Federation of Bakers

Kerry Food and Ingredients has become the latest full-time member of The Federation of Bakers.

CSM to sell European bakery arm

CSM Global has announced plans to sell both its European and North American bakery businesses, to focus on bio-based ingredients.

Kerry butters up bakers

Kerry Ingredients & Flavours is looking to enhance the flavour of buttery biscuits with its new Beatreme range. The Irish supplier of food ingredients has developed the line, which includes cream, butter and cultured dairy, and has been created by naturally culturing fresh milk solids.

Healthy oil from Larchwood

Larchwood Foods' new rapeseed oil line offers bakers a high-quality yet cost-effective option for their products, said the firm.

Report

The tide of rising ingredients costs could finally be turning for food manufacturers, according to Lee Linthicum, global head of food research at Euromonitor International.

Seed pricing

Pine nuts:

Raw material prices in China have continued to climb and we are now, in sterling terms at least, some 20% higher than at the end of 2011. A disappointing Chinese crop set against hugely strong demand looks set to squeeze this market in 2012. Any respite from the new crop at the end of the calendar year cannot come soon enough. Prices are likely to climb further for the rest of this year.

April showers bring welcome relief for wheat

Heavy rainfall in April has alleviated immediate concerns about the impact of the sustained dry weather on the UK's wheat crop, although large swathes of England remain in drought.

Morrisons listings for Bacheldre

Bacheldre Watermill has secured listings for six of its lines in 383 Morrisons stores.

BBC radio show reviews egg supply

BBC Radio 4 presenter Sheila Dillon has assessed the supply of eggs in the UK following the European Union’s decision to ban battery cages.

GM plea to protesters

Scientists developing genetically modified (GM) wheat have asked campaigners not to damage crops at a trial at Rothamsted Research.

Real Bread Campaign steps up anti-GM wheat protest

The Real Bread Campaign has delivered a pledge to the government from more than 350 bakers, millers, farmers and consumers not to sell or buy GM wheat.

S. Edwards
  (Photo: Credit S. Edwards )

ABF sees profit decline for ingredients and grocery

Associated British Foods (ABF) has posted a decline in operating profit for its ingredients and grocery divisions this morning.

In its interim results for the 24 weeks ended 3 March 2012, ABF said its ingredients business, which includes yeast and bakery ingredients manufacturer AB Mauri, saw a £13m decline to £18m. Revenue grew by 2% to £538m.

ABF’s grocery division, including the Kingsmill bread brand, reported a 4% growth in revenue to £1.8bn, but a £34m decline in operating profits to £75m. The company said this was primarily driven by restructuring costs at Allied Bakeries in the UK, in addition to George West Foods in Australia.

Profit up nearly 30% at Carr’s

Carr’s Milling Industries said profit before tax in the first half of the year increased from last year, helped by a 12% growth in revenue.

New measures to aid sugar market

A number of new measures to aid the fluidity of the European sugar market were passed at the management committee meeting at the European Commission yesterday (12 April).

FSA provides ‘glittergate’ update

In a bid to clear up confusion over the legal use of edible and non-toxic glitters, the Food Standards Agency (FSA) has developed new guidance for food businesses and consumers.

Amos to head up Zeelandia

David Amos has been appointed UK managing director for international bakery ingredients supplier Zeelandia.

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