Defra to ‘fall short’ of Brexit promises

Defra to ‘fall short’ of Brexit promises

Sep 13, 2018 | Brexit, News

The Department for Environment, Food and Rural Affairs (Defra) is reported to have made good progress in its preparations for exiting the EU, but still faces an enormous challenge. The newly published National Audit Office (NAO) has assessed how Defra is implementing...
Waitrose profits dip as part of John Lewis Partnership

Waitrose profits dip as part of John Lewis Partnership

Sep 13, 2018 | News, Retailing

The John Lewis Partnership, which owns Waitrose, has announced a 98.8% dip in half-year profits to £1.2m for the six months to 28th July. The partnership has said the pressure on gross margin has predominantly been from its commitment to maintain price...
Morrisons sees accelerated performance

Morrisons sees accelerated performance

Sep 13, 2018 | News, Retailing

Results for the half year to 5th August show Morrisons sales soaring, with like-for-like sales up by 4.9% and total revenue up by £8.8bn including a contribution of 0.3% from net new space. Debt is down from a peak of £2.8bn to £929m and cumulative free cash flow is...
UK’s food import figures ‘staggering’

UK’s food import figures ‘staggering’

Sep 12, 2018 | News

The UK’s total import figures of food and drink from around the world during the first half of 2018 have been described as ‘staggering’ by researchers. Import data for the first six months of 2018 was collected from HM Revenue & Customs, with the study conducted...
‘Weetabix One’ site to close

‘Weetabix One’ site to close

Sep 11, 2018 | News

Major cereal manufacturer Weetabix has confirmed its intention to close one of its Corby sites and expand its other factory located in the same region. The plan to close the site, known as ‘Weetabix One’, is said to be part of a “long-term investment strategy” in...