Finance

Predicted growth for out-of-home foodservice market

The British out-of-home (OOH) foodservice market will grow visits by 1.6% in 2016, according to global information company, The NPD Group (NPD).

Food firms sign letter opposing Brexit

A clutch of leading food firms have joined nearly 200 business leaders saying leaving the European Union would threaten jobs and put the UK's economy at risk.

Brakes Group sold to US firm for £2.2bn

Brakes Group, the food supplier that had purportedly been considering a flotation, has been sold to US company Sysco in a deal worth $3.1bn (£2.2bn).

ABF: earnings per share will miss targets

Associated British Foods (ABF), parent company of bakery brand Kingsmill, has warned that earnings per share will be lower than expected for its half year results, due out in April. 

Worst ever quarterly sales fall for Asda

Asda has seen sales fall 5.8% during the three months that include Christmas - its biggest quarterly sales fall on record.

Sainsbury’s leads the way by scrapping multi-buys

Sainsbury’s has become the first of the major supermarkets to commit to phasing out multi-buy deals, after mounting evidence that shoppers find them confusing and misleading. 

Tower Bakery agrees deal to supply local Tesco stores

Perth-based Tower Bakery has agreed a deal to supply Tesco with traditional Scottish bakery treats.

Supermarket special offers to be banned?

Major supermarkets are under official investigation after it emerged that questionable special offers encouraged shoppers to spend, not save.

Tate & Lyle on track for forecast profit

Tate & Lyle, the bakery ingredients supplier, said it expected full-year reported adjusted pre-tax profit to be "modestly below" last year’s full-year figures.

Bakkavor delivers strong ebitda growth despite revenue slump

Food manufacturer, Bakkavor, has seen adjusted UK ebitda grow 10% from £112.9m to £124.1m for the 52 weeks to 26 December.

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