Finance

Charles Reed (left) of William Reed Business Media with Bob Gomersall (right) of Virtual College
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Appetite Learning is launched

William Reed Business Media, the publisher of British Baker, has partnered with Virtual College, the leading provider of e-learning and online training, to offer a range of materials for the food industry.

Peter Thompson, new operations director at Silvery Tweed Cereals
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Silvery Tweed Cereals appoints new ops director

Peter Thompson has joined Silvery Tweed Cereals as operations director.

Tate & Lyle has seen adjusted profit before tax rise 28%
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Tate & Lyle sees pre-tax profits jump 28%

Tate & Lyle, the bakery ingredients supplier, saw its adjusted profit before tax increase by 28% this year to £103m.

Morrisons LFL sales have slumped 2.6% (excluding fuel)
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Morrisons hit by fresh sales slump

Supermarket chain Morrisons has seen another drop in sales, with a 2.6% fall in like-for-like (LFL) sales excluding fuel in the 13 weeks to 1 November 2015.

New legislation could trigger a flood of cheap sugar
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Liberalised sugar market could lead to a flood of cheap imports

Europe could be flooded by cheap sugar because of plans to liberalise the sugar market, according to a new study.

M&S has posted nearly static LFL food sales
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M&S sees static LFL food sales

High street retail chain Marks & Spencer (M&S) has recorded virtually static like-for-like (LFL) food sales figures, with just 0.2% growth in the 26 weeks ending 26 September.

Barry Callebaut posts profit dip, warns on year ahead

Global chocolate producer Barry Callebaut has warned about a “challenging” year ahead – after it saw its net profit decline by 5.9% to CHF240 million (£157m).

Outgoing chief executive of Samworth Brothers, Lindsey Pownall
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New CEO at Samworth Brothers

Lindsey Pownall, the chief executive of Samworth Brothers, has reportedly decided to step down from the top job at the food group.

ABF profits and revenues hit by commodity deflation and currency woes

Revenues and profit fell at Associated British Foods – the parent company of Kingsmill – as it was hurt by commodity deflation and currency difficulties.

General Mills looks set to close Northumberland plant
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General Mills to axe Northumberland Jus-Rol plant

USA-based food group General Mills is to close its Jus-Rol pastry factory in Berwick-upon-Tweed, Northumberland.

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