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Latest Industry News from Food Management Today
US access to UK dairy market may weaken food security
The National Farmers’ Union, along with Dairy UK, has warned Government against allowing increased US access to the UK food market.
Worldpanel finds 51.2% of sales are own label lines
The latest figures from Worldpanel by Numerator have shown that take-home sales at the grocers grew by 4.8% over the four weeks to 7th September compared to last year.
Aldi to invest £1.6bn in new stores
Discounter Aldi has committed £1.6 billion to accelerate its store expansion plan over the next two years as it plans to open 21 new stores in the coming 13 weeks.
Hovis CEO steps down after three years
UK bread producer Hovis has announced that Jon Jenkins will step down from his position as CEO of the company after three years of leadership.
Sugar prices rise by 56% on the year
The Food and Drink Federation has updated its food and drink inflation forecast, predicting that it could hit 5.7% by December.
Waitrose H1 sales surpass £4bn while profits fall
The John Lewis Partnership, which owns Waitrose, has reported its interim results for the 26 weeks ended 26th July, finding that the retailer’s sales increased to £4.1 billion.
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Brexit insight
Industry reacts to PM resignation and EU elections
Following the Prime Minister's resignation on Friday, Secretary of State at Defra Michael Gove, has confirmed he is standing for the leadership of the Conservative Party, seeking to take over as Prime Minister from Terresa May. Gove was the eighth candidate to signal...
DEFRA on “Brexit red alert” with thousands hired as deadline looms
The Liberal Democrats have warned that DEFRA is on “Brexit red alert” as the party revealed the government has hired nearly 3,000 new staff to prepare for the potential fallout. Liberal Democrat Rural Affairs Spokesperson Alistair Carmichael said: “This is a...
Brexit cliff edge avoided again – industry reaction
The EU27 have granted the UK an extension to the Brexit process, after extensive talks in Brussels on Wednesday evening. The new deadline of 31st October averts the prospect of the UK having to leave the EU without a deal on Friday 12th April. Prime Minister Theresa...
Big rise in profits at Tesco
Supermarket giant Tesco has reported a 28.8% rise in annual pre-tax profits, with chief executive Dave Lewis explaining he is “delighted with the broad-based improvements”. Revenue grew 11.2% to £63.9 billion, and like-for-like sales rose 2.9%. including 1.7% at Tesco...
“Customs union will not solve Irish border issues for food”
Following reports that the UK is edging closer to adopting a customs union with the EU, the Chartered Institute of Environmental Health (CIEH) has warned that a customs union alone will not solve all of the issues around the border between Northern Ireland and...
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