350 Jobs Under Threat As Axe Hangs Over Hull Food Plant
Chief executive Stefan Barden of Northern Foods says "We anticipate that next year will be equally challenging, with the continuation of food inflation and competitive pressures."
350 jobs are under threat today as a major food supplier launched a consultation over the closure of its factory in Hull, which makes ready meals for supermarket Morrisons. Goodfella's pizza and Fox's biscuits maker Northern Foods broke the news as it revealed its annual pre-tax profits had fallen five per cent to £47.5m.
[ FULL STORY ]
Aimia Foods Acquires Spring Cool Soft Drinks
The brand complements Aimia portfolio
Aimia Foods has acquired Spring Cool Soft Drinks from Norbev, the Northern
Ireland-based soft drinks, packaged water and juice producer
[ FULL STORY ]
Red Bull Cola Banned For Cocaine Trace
Drug is banned in food
Red Bull Cola has been taken off the shelves in Germany after inspectors found traces of Cocaine.
[ FULL STORY ]
Activity In The UK Food And Beverage Sector In the First Tertial of 2009 – Insolvencies Drive Deal Flow
In the
article below, Mark Lynch, a
founding partner of Food & Beverage Co. M&A specialists Oghma Partners,
updates his 2007/8 M&A Review (released January 2009) with an update on activity
recorded in the first third of 2009.
[ FULL STORY ]
Nestle And Danone Make R&D Moves
Research will provide basis for the developing of new products
Announcements of new R&D plans this week
from Nestle and Danone indicate that major manufacturers plan to keep
up the pace on nutrition research and innovation in the economic
downturn.
[ FULL STORY ]
Down The Aisle... ASDA Income Tracker Reveals Families Are £3 A Week Better Off
Household incomes, Northern Foods, Brakes, Danone, Campbell Soup Company, Bottled water, Procter & Gamble, Meadow Foods, Fair Trade Foods
Household incomes rose in April for the first time since January, showing that lower interest rates are having an impact on consumers' budgets.
[ FULL STORY ]
Out To Launch... Cadbury BrunchBreaks
Cole's Traditional Foods, Birds Eye, First Drinks Brand, Ginsters, Glengoyne Distillery, Lion Nathan, Weight Watchers, The Isle of Jura Distillery
New Cadbury BrunchBreaks are the ultimate feel-good-treat - just what snackers have been waiting for. Combining wholesome ingredients with the nation's favourite, Cadbury chocolate, this delicious snack is truly a match made in heaven.
[ FULL STORY ]
Supermarket News... Leahy's Pay Cut
Tesco, Fresh An Easy, Costco, Tesco pay out to staff, Sainsbury's, Ezine, Waitrose, Co- Operative Society, Morrisons
Tesco chief Sir Terry Leahy took a £370,000 cut in his pay and bonus package last year after the US business failed to hit some targets.
[ FULL STORY ]
Beverage Bulletin... Cobra Beer Is Restructured
Cobra Beer, Britvic, Brewing industry, Dr Pepper Snapple
The cash crisis at Cobra Beer, the Indian lager group controlled by Lord Bilimoria, is expected to precipitate a company voluntary arrangement (CVA) or a pre-pack administration as the company is restructured ahead of a sale.
[ FULL STORY ]
|
|
Big Brands Looking To Facebook
Few best practices have emerged
Advertisers including Coca-Cola, Starbucks and Kraft are all using Facebook, the social networking service, to generate consumer insight, but their varying approaches and experiences show marketers have not yet established a consistent approach to using the website.
[ FULL STORY ]
Sales & Marketing... Waitrose Launches Campaign For Essential Range
Waitrose, Coca- Cola, Danone, Walkers, GlaxoSmithKline, Berberana
Waitrose has launched a direct marketing campaign to promote its recently-launched value range Essential Waitrose.
[ FULL STORY ]
Movers & Groovers... Unilever Foodsolutions Appoints Tracey Rogers As Managing Director
Unilever Foodsoloutions UK, Boots, Scottish & Newcastle, Irn Bru, M&S
Unilever Foodsolutions UK has appointed Tracey Rogers as the company's new Managing Director.
[ FULL STORY ]
|
|
Major Retailers - Recession Watch
Trends offer opportunities
The retail sector is facing the dual challenge of consumers cutting their expenditure and the rise of heavy discounters, but these trends also offer some opportunities to those companies with the size, flexibility and financial muscle to react accordingly
[ FULL STORY ]
|
|
|
