FDF survey reveals improved confidence for businesses
A survey featured in the Food and Drink Federation’s (FDF) 2019 Business Confidence report revealed confidence amongst businesses in the food and drink industry has improved by almost a third since the start of 2019. The survey found that net confidence in the...
FSA sets authorisation deadline for CBD products
The FSA has set a deadline for CBD businesses to provide more information about cannabidiol (CBD) products and their contents. It also advises vulnerable groups not to take CBD, and healthy adults to take no more than 70mg a day. CBD is one of many chemicals called...
Nestlé records fastest growth in four years
In the company’s annual report for 2019, Nestlé recorded its fastest organic growth since 2015 and posted its highest net profit in almost a decade. The world’s largest food manufacturer saw organic growth of 3.5%, supported by worldwide sales of Purina PetCare and...
UK food market to be worth over £170bn by 2024, says GlobalData
A report by GlobalData suggests that the food and grocery market in the UK will be worth £174.5bn by 2024, with the ‘big four’ supermarkets set to lose out on a further £1.9bn of the total market. The company’s latest report, ‘UK: Food & Grocery 2019-2024’,...
Eustice replaces Villiers as Defra secretary in cabinet reshuffle
Farming minister George Eustice has replaced Theresa Villiers as Defra secretary as Boris Johnson conducts his first cabinet reshuffle following last year's general election. Eustice is renowned for his farming background and previously held the farming and fisheries...
