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Latest Industry News from Food Management Today
Sainsbury’s unveils drop in profits despite growth in food
Sainsbury’s has seen underlying profit before tax drop by 9% to £251 million in its latest interim results for the 28 weeks to 23rd September, despite group sales jumping 17% to £16,310 million. According to the retailer, the fall in profits reflected “previously...
Weetabix appoints new head of technical
Weetabix Food Company has appointed John Petre as head of technical, succeeding John Pickles, head of R&D, and Keith Turnbull, head of quality, overseeing a team of 60 at the cereal brand. Petre will head up quality and compliance, as well as research and...
Hilton Food Group completes Icelandic Seachill acquisition
International meat packing business Hilton Food Group has announced the £80.8 million takeover of chilled UK fish processor Icelandic Group UK Limited (Seachill). Hilton had previously stated that the acquisition presents an “attractive growth opportunity and entry...
UK food suppliers expected to move supply chains out of the UK
Nearly two thirds of UK businesses, or 63%, including food businesses, expect to move their supply chain out of the UK as a result of Brexit, according to a survey from the Chartered Institute of Procurement & Supply (CIPS). The figure marks a significant shift...
Roger Burnley appointed Asda president and CEO
Walmart International’s CEO, Dave Cheesewright, has announced that Roger Burnley is set to take on the role of Asda’s president and CEO from 1st January 2018, replacing Sean Clarke. Burnley returned to Asda as chief operating officer and deputy CEO in October 2016,...
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Food Management Today magazine is the modern, independent voice of the UK food industry, offering news, opinion, expertise and information to Britain’s top managers and executives. Food Management Today is a member of the Audit Bureau of Circulations.
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