May 17, 2019 | News, Retailing
Leicester-based Cofresh Snack Foods has announced the acquisition of an additional food production and warehousing facility to cater for significant growth and expansion. An investment of approximately £20m over the next 18 months will enable Cofresh to split its...
May 17, 2019 | Confectionery, News, Retailing
Mr Kipling owner Premier Foods posted its preliminary results ending 30th March 2019, which revealed a £42.7m statutory loss and a net debt of £469.9 million. Results show a trading profit growth of 4.5% to £128.5m, and profit before tax up 12.1% to £88 million. It...
May 16, 2019 | News, Retailing
Following the blocked merger with Sainsbury’s, Walmart is considering listing Asda on the stock market at some point in the future. Asda is owned by Walmart and its chief executive, Judith McKenna, is said to have told personnel that such listing is being...
May 14, 2019 | Food Waste, News, Retailing
Both Tesco and the British Frozen Food Federation (BFFF) have spoken out about how they are actively helping to tackle the issue of food waste, after the Government opened up applications for a second round of more than £6 million funding under Defra’s scheme to cut...
May 7, 2019 | News, Retailing
The UK’s leading supermarkets are continuing to increase the amount of time taken to pay their suppliers, according to new research from Funding Options, the online business finance supermarket. It claims the multiples are now taking 40 days to pay suppliers, which is...
May 2, 2019 | News, Retailing
Announcing its preliminary results for the 52 weeks to 9th March 2019, Sainsbury’s revealed that the recent collapse of its proposed merger with Asda cost the business £46 million. The multiple giant was dealt a major blow last week when the Competition and Mergers...
