The authoritative independent voice of the UK food industry
Baroness Neville-Rolfe appointed chairman of Assured Food Standards
Assured Food Standards (AFS), which owns and operates Red Tractor Assurance, has appointed Baroness Lucy Neville-Rolfe as its new chairman, filling the role left vacant following Jim Moseley’s move from non-executive chairman to chief executive of Red Tractor...
Asda reports continued growth in sales
Asda has seen its sales grow by 1.1% for the third quarter ending 30th September, as Walmart announced its financial earnings for the period. Net sales in the retailer were also up 3.6%, with the company seeing “improved results as customers responded to investments...
Brown Brothers receives round of public funding
Dumfries and Galloway based meat processing company, Brown Brothers Manufacturing Ltd, has been awarded more than £800,000 as part of the Food Processing, Manufacturing and Co-operation grants. The support will allow the company to extend its premises and purchase new...
Supermarket sales on the rise, Kantar reveals
Kantar Worldpanel’s latest grocery market share figures for the 12 weeks to 5th November show that supermarket sales have increased in value by 3.2% year on year in the run up to Christmas. Fraser Mckevitt, head of retail and consumer insight at Kantar Worldpanel,...
Tesco takeover of Booker given provisional green light
The UK’s competition regulator has provisionally cleared Tesco’s £3.7bn takeover of Booker. The Competition and Markets Authority (CMA) has stated that the deal could in fact increase competition in the wholesale market and mean reduced prices for consumers. CMA added...
Nisa votes ‘significantly’ in favour of Co-op acquisition
Nisa Retail has announced that its members have voted in favour of Co-op’s offer to buy 100% of the business for up to £137.5 million. A majority of 75.79% of Nisa’s members voted for the deal, as opposed to 24.1% who voted against. The offer requires clearance from...
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...
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