Global cake and waffle manufacturer Lotus Bakeries has achieved 14.1% revenue growth as subsectors of the company implement price rises on products, the company’s half year results have revealed.

The second quarter was a mixed bag for food and drink manufacturers, with some sectors expanding and others shrinking, according to the latest report by the Food and Drink Federation.

While retail sales saw an increase in July year-on-year, the figure was still below the latest twelfth month average growth, according to the latest information released by the British Retail Consortium.

Birds Eye manufacturer Nomad Foods saw its organic revenue decline by 3.2%, which was comprised of a 5.7% decline in volume/mix, according to the company’s quarterly financial results.

Global chocolate manufacturer Barry Callebaut is increasing the pay of around 200 workers at its factory in Banbury, Oxfordshire.

The price of olive oil is expected to rise as heatwaves and a lack of rain in Italy, Spain and Portugal are impacting harvests and production.

Beyond Meat has reported that net revenues were down 1.6% year-on-year as the company prepares to cut 4% of its global workforce, according to its latest trading statement.