Multi-buy ban on sugary foods may be scrapped under government review September 14, 2022 Ministers may rip up its strategy to tackle obesity after a new review has been ordered into incoming rules around the promotion of unhealthy food, it has been reported. The Guardian newspaper has reported that Prime Minister Liz Truss could scrap a ban on foods that are high fat, salt or sugar being displayed prominently [...]
Deliveroo shares slide as £1.9bn reported revenue fails to bolster market confidence in food delivery favourite March 16, 2023 Deliveroo shares have continued to pedal downwards this morning as investors struggle to regain confidence in the brand following its decision to slash some 350 job roles and disastrous IPO listing. It comes as the food delivery group, which has seen its share price fall consecutively over the past 12 months due to tough market [...]
Lidl to invest £4bn in British food businesses in a move it claims will provide its suppliers with ‘security’ and ‘certainty’ January 30, 2023 Lidl has revealed plans to invest £4bn into British food businesses this year, as it charges ahead with growth plans. Lidl GB, the British arm of the German retail group, said it would accelerate the spending plans it announced in 2019. Lidl GB had committed to a £15bn investment in the British food industry between [...]
Oil, pasta and tea see largest price rises as food inflation leaves poorest worst off December 22, 2022 Budget staple grocery products have shot up considerably in price this year, as new analysis shows the most vulnerable have been hardest hit by food inflation. Some 61 per cent of people in the most deprived areas are buying less food compared with last year, according to data from the Office for National Statistics (ONS). [...]
Live music, wine and food savings on offer as The Co-op follows Tesco and Sainsbury’s with £240m ‘members only’ drive April 19, 2023 The Co-op has revealed plans to invest more than £240m into its membership proposition in a move which will cut prices for customers. The group, which runs more than 2,400 food stores and 800 funeral homes around the UK, announced the five-year investment plan as it continues with its broader turnaround efforts. It said the [...]
Appetite for high-emission foods growing as sustainability takes a back seat amid rising bills November 10, 2022 Brits are giving up on going green as over half of all consumers in the UK have ditched environmentally friendly products. This is largely due to the cost-of-living crisis as one in two Brits admit price is now significantly more important than health, sustainability and quality when it comes to the weekly food shop. Despite [...]
Confidence at all time low: Soaring costs force half of food manufacturers to cut investment November 11, 2022 Rising input costs have forced almost 50 per cent of food and drink manufacturers to cut investment, a new report reveals today. The Food and Drink Federation (FDF)’s research outlines that 40-year-high inflation is forcing companies to scale back plans for growth, with rising costs increasing by an average of 21 per cent this year. [...]
M&S names Alex Freudmann as new director of food June 20, 2022 M&S has named Alex Freudmann as its new managing director of food after Stuart Machin has taken up the job of chief executive. The retailer announced on Monday that Freudmann, who is currently the managing director of Australian alcohol seller Dan Murphy, would lead the supermarket’s grocery arm from November. As of 1 November, CEO [...]
Hilton Foods warns profit will be dented after slower than expected cost mitigation talks November 8, 2022 Meat packer Hilton Foods warned its annual operating profit would take a hit after challenges passing on high inflationary costs in its seafood arm, causing shares to plunge. In a trading update on Tuesday morning, the FTSE 250 firm admitted its profit would come in at a lower than anticipated sum following challenges in its [...]
KFC eyes disadvantaged young people as fast-food giant ramps up recruitment efforts November 14, 2022 KFC has pledged that a third of all its new staff by 2030 will be young people who have faced barriers to employment. The chain’s boss said it wants to help improve social mobility by giving disadvantaged young people more opportunities to work, build skills and confidence, and become managers. Through its Hatch employability programme, [...]