Finance

FDF opposes Brexit

The Food and Drink Federation (FDF) wants the UK to remain part of the European Union (EU), as 71% of its members “overwhelmingly endorse” staying in Europe.

The Chancellor, George Osborne
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Budget 2016 – key points for the bakery sector

A rise in the number of businesses able to access Small Business Rate Relief, and a tax on sugary drinks, were among key commitments set out by the Chancellor, George Osborne.

Finsbury Food reports strong H1 growth

Finsbury Food Group has reported a 91% growth in its H1 UK bakery operating profit, from £3.8m to £7.2m.

Boparan enjoys positive Q2 results

Boparan Holdings, the company behind 2 Sisters Food Group, has reported a rise in underlying sales and improved profitability for its second quarter.

Wheat prices expected to stay low

Wheat prices are expected to stay low, despite an estimated 1m-hectare reduction in global planting.

Sainsbury’s reports steady Q4 sales

Sainsbury’s has reported a steady Q4 trading period with like-for-like (LFL) sales excluding fuel at 0.1% growth.

New national commitment to sustainable food and drink

Resource efficiency charity WRAP has pledged to reduce the resource intensity of the UK’s food and drink by one-fifth, saving £20bn.

High street closures at five-year low

New research from PricewaterhouseCoopers (PwC) and the Local Data Company (LDC), shows coffee shops led the rise in new store openings last year.

UB boss steps down

United Biscuits’ chief executive, Jeff van der Eems, has stepped down with immediate effect.

Free’ist wins Morrisons deal

Low-sugar bakery and snack manufacturer Free’ist has won its first listing with a major British supermarket.

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