Latest Headlines – Page 535
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NewsPositive signs for festive retail as Greggs and B&M hike profits expectations
There were positive signs for the retail sector in the first Christmas trading updates of the season on Thursday, after both Greggs and B&M European Value Retail hiked profits expectations after strong festive showings
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NewsCommons committee slams government’s post-CAP farming plans
Chasing net zero via the government’s ELM scheme could hamper food production and see food imports surge, the Commons Public Accounts Committee warned
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NewsPrinces’ sales and profits benefit from Covid demand spike
Tinned food giant Princes has benefited from a spike in demand during the Covid period to grow profits and sales in its 2020/21 financial year
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NewsIceland offering ‘ethical loans’ to help families pay food bills
The ‘Iceland Food Club’ is offering short-term ‘microloans’ of £25 to £75, repaid in weekly £10 instalments, at an interest rate of 45%, or 55.6% APR
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NewsOmicron saves Christmas for the grocers, with Tesco, Lidl, Aldi and Ocado the standouts
Tesco and the discounters have emerged as the winners in the battle for Christmas sales, according to industry data.
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NewsWilliam Jackson Food Group posts loss following impairment on Belazu brand
The Covid-induced plunge in foodservice sales saw the group revise financial forecasts for Belazu
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NewsInsect petfood maker Aardvark smashes £150k funding goal
The business, started in 2020, has so far raised £230k from more than 340 investors on the Crowdcube platform.
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NewsLily’s Kitchen sales soar 40% in first year of Nestlé ownership
Turnover jumped more than £15m to £55.4m in the 12 months to 31 March 2021.
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NewsRegal Food Products sweetens portfolio with Just Desserts acquisition
Just Desserts specialises in baking a range of more than 130 hand-crafted desserts and cakes, including tarts, cheesecakes and gateaux, for restaurants, cafes, retail outlets and other businesses throughout the foodservice industry
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NewsSainsbury’s ups store colleague hourly pay rate to at least £10
Staff working in inner London will see their pay increase from £10.10 to £11.05
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NewsFeta cheese shortage emerges due to problems in supply chain
Rising milk prices and seasonal production slowdown have been cited as causes, rather than Brexit
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NewsSainsbury’s boosts Aldi Price Match range with more fresh and volume lines
The new wave of 150 Aldi price-matched items includes lines such as rump steak
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NewsHoly Moly launches ‘creamy’ vegan dips duo for Veganuary
Tzatziki and Smoky Garlic Aioli promised “creamy indulgence without any compromise on taste”, said Holy Moly
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NewsConfusion reigns over which food companies will get Omicron testing support
The rollout of the government support is due to start from Monday and follows widespread shortages of lateral flow test kits across the UK
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NewsGreggs chief becomes latest to disagree with Iceland boss’s call on isolation
’I don’t feel I’m in a position to call for isolation periods to be shortened,’ Greggs CEO Roger Whiteside told The Grocer
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NewsFood inflation hits home as 10,000 grocery prices soar
Six per cent of all supermarket products became more expensive between 27 December and 5 January, according to exclusive Assosia data for the Grocer
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NewsMeat alternative brands unleash a deluge of NPD as vegan supply chains hit by unprecedented demand
Brands have gone as far as hiring temporary workers to get through Veganuary
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NewsSpar's exclusively vegan own-label wine range is a UK first
The retailer said the main challenge behind the process was working with the few suppliers who hadn’t produced vegan wine before
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NewsGousto secures $100m from SoftBank to boost capacity amid soaring demand
Gousto has raised a further $100m in its latest fundraising round, valuing the recipe kit firm at $1.7bn.
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NewsCity Snapshot: C&C Group Christmas trading hit by Omicron
Magners producer and beer and wine distributor C&C Group has warned that its profits could be impacted by a significant downturn in trading in December amid the spread of the Omicron Covid variant