BRC finds food inflation up as shop prices deflate
According to the BRC, food inflation has risen to 2.3% in September due to “poor harvests in key producing regions”.
Tate & Lyle reports “good start” to the financial year
Global food supplier Tate & Lyle Plc has released its trading update, stating that trading was “in line with expectations”.
Regal Food Products acquires Bradford manufacturing facility
Regal Food Products Group, which produces bakery and confectionary products, has bought a new 45,000 sq. ft site in Bradford.
Mondelēz fined €337.5m for breaching EU competition rules
Global snacks manufacturer Mondelēz International has been fined €337.5 million by the European Commission for hindering cross-border trade.
Grocery sector accounts for “large proportion” of M&As – Oghma
Oghma Partners said that T1 2024 saw grocery and confectionary categories with one of the highest levels of mergers and acquisitions by volume.
Confectionary prices rise while butter costs fall
Kantar has released its latest grocery figures, reporting price rises in confectionary as grocery inflation sits at 3.1%.
