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Latest Industry News from Food Management Today
Christine Tacon steps down as Red Tractor chair
Chair of Red Tractor Christine Tacon will step down from her role to join the Co-op’s board.
M&S achieves three-year sales growth
UK retailer M&S has reported that it experienced 12 consecutive quarters of sales growth, as its investments begin to “pay off”.
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.
Rate of food inflation falls to 2.9%
The Office for National Statistics has revealed the latest consumer inflation rates, with the rate of food inflation falling to 2.9%.
Greencore achieves “strong” revenue in “difficult spending environment”
Convenience food manufacturer Greencore reported “strong growth” in its H1 interim financial report.
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%.
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