The FMT Blog

Kellogg’s has invested more than £500k into a new Food Innovation Centre based at its Trafford Park factory in Manchester, which was recently opened.

London-based Italian gelato company Hackney Gelato has raised over £670,000 through crowdfunding on the platform Crowdcube, with a view to grow the business. 

In the retailer’s interim trading report, Tesco chief executive Ken Murphy said that its strategy of inflating “a little bit less and a little bit later” has consequently made its price position “more competitive.”   

The organic food market has seen a 16% decline in volume sales for the second quarter of the year, and pricing is a factor, according to the Agriculture and Horticulture Development Board.

In its latest trading report, UK food-on-the-go retailer Greggs said its total sales were up 14.6% in the third quarter of 2022, but added that its plans for growth have been delayed. 

The Chartered Institute of Environmental Health has revised recommendations made by the International Trade Committee (ITC) on the UK-Australian trade deal, warning that British food standards remain at risk.

Bakkavor Group announced on Thursday 29th September that the Group’s CEO and co-founder Agust Gudmundsson has confirmed his retirement, with effect from 31st October 2022. 

Customs Handling of Import and Export Freight has been replaced by the new Customs Declarations Service (CDS), which took effect on 1st October.

A new eco concept store from Aldi has been designed with sustainable building materials with a view to reduce carbon consumption and to reduce life-cycle carbon emissions.

New figures indicate that the food industry has seen a distinct shift in funding from the early part of the decade, compared to the latter period.