Finance

Premier Foods’ shares jump after takeover rejection

Shares in Premier Foods jumped to a high of 54.05p yesterday, after the company announced it had rejected a takeover bid by US spice brand McCormick.

Foodservice sales growth slowing

The growth in the UK food sector will not match that of 2015, according to data analysis company Horizons’ managing director Peter Backman. 

Brian Cassin joins Sainsbury’s board

Sainsbury’s has announced Brian Cassin will join its board as a non-executive director.

Costa beset by separation rumours

Whitbread’s shares soared yesterday as takeover and break-up talk was rife around the owner of Costa Coffee.

Premier Foods writes off Hovis stake

Premier Foods, the manufacturer of Mr Kipling and Cadbury cakes, has revealed it is to write off its £8m investment in Hovis.

Survey finds demand for more gluten-free products

There is insufficient choice in the gluten-free market, according to 73% of consumers who buy coeliac-friendly products.

Scottish companies forge gluten-free partnership

A partnership to produce gluten-free biscuits has been announced by Duncan’s of Deeside and Pulsetta Foods.

Allied Bakeries avoids strike disruption

A hot cross bun shortage has been avoided following successful talks between Allied Bakeries and union officials.

New director for Tesco

Supermarket giant Tesco has announced that Lindsey Pownall will join the board as an additional independent non-executive director.

Demand for more independent coffee shops

Despite high street domination by the branded coffee chains, it is independent coffee shops that consumers want, according to new research.

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