Prioritising its food-to-go operations in the UK and the US has led Greencore to report higher annual sales and earnings. And the Ireland-ba...
Food manufacturers are catching some flack for extending payment terms to their suppliers. The growing tension in the supply chain points to...
Over the last twelve months Irish food group Greencore outperformed the overall food market in UK, its largest market, on the back of its exposure to the faster-growth food-to-go segment and expansion in convenience channels.
Kerry Group is reportedly mulling the sale of its frozen food business. The company has seen strong sales and profit momentum at its ingredients unit but endured a lacklustre performance from the consumer foods side of the business. In this context, it makes sense for the Irish company to pare down peripheral and under-performing areas of Kerry Foods. Katy Askew reports.
Chilled ready meals is big business in the UK and it's a business still in growth. But only just about. Last year's horsemeat contamination scandal hit sales of chilled ready meals in the UK and the industry is looking at how to reignite the category. Innovation in packaging and emphasising provenance are being held up as ways to re-boot the sector. Dean Best reports.
Greencore this morning (26 November) revealed an increase in annual earnings and sales. The convenience food group said it enters its new financial year with "good momentum", despite operating in a "weak" consumer environment. Analysts offered a relatively optimistic review of the results.
With consumers assessing whet they eat on health and ethical grounds, UK-based meat-free products manufacturer Quorn Foods has benefited. The business also enjoyed a boost from last year's horsemeat contamination saga. Dean Best met Quorn CEO Kevin Brennan to discuss the company's recent growth.
Convenience food group Greencore has experienced an eventful few years. The Ireland-based manufacturer was beaten to the acquisition of the UK's Northern Foods. This year, Greencore was caught up in the horsemeat contamination saga that rocked the European food industry. However, the company has continued to expand in the UK and in the US. In part one of the just-food interview, Michelle Russell speaks to chief executive Patrick Coveney about the challenges of operating in a difficult UK market.
UK voters have spoken: Britain will leave the European Union. With the vote tally now reporting 51.9% of people back leaving commentators are turning to the future with uncertainty. What will Brexit mean for the food sector?
UK fish products supplier Icelandic Seachill has briefed employees on proposals to close one of its three plants in the English seaport town of Grimsby with the expected loss of around 200 jobs.
Marks and Spencer has moved three private-label contracts from UK fish products supplier Icelandic Seachill with 2 Sisters Food Group, Greencore and Bakkavor each attaining one of the deals.
Growing demand for on-the-go foods in the US and UK led Greencore to deliver higher sales in the first half of its financial year.
Ireland-based sandwich maker Greencore has reported a jump in first-quarter revenues, lifted by higher sales in its convenience foods division.
Food-to-go manufacturer Greencore plans to more than double the number of people employed at its Hatfield distribution depot after securing a new customer win.
Ahead of the climate talks in Paris, Unilever announced plans to be carbon positive from its operations by 2030. Elsewhere, there was more consolidation in the US food sector, with Pinnacle Foods moving for Boulder Brands. Tyson Foods, Post Holdings and Greencore all had annual results out in the week. Maple Leaf Foods outlined plans to "streamline" its business, which is set to lead to the loss of 400 staff. Here is the week in quotes.
The US food sector saw another major takeover this week with Pinnacle Foods agreeing to pay US$975m for free-from group Boulder Brands. The country could soon see another, with Thai Union Group saying there are "serious" buyers lined up for Chicken of the Sea - a business it is willing to sell to secure another US asset, Bumble Bee Foods. And, ahead of the climate change talks in Paris next week, Unilever announced plans for its operations to be "carbon positive" in 15 years.
Profits at Ireland-based private-label supplier Greencore have jumped on the back of sales growth led by its food-to-go focus in the UK and US markets.
Greencore has booked a 6% rise in third-quarter sales, helped by growth in the UK and the US.
Greencore is opening a new distribution hub to serve its UK convenience store customers.
Greencore, the Irish food maker, booked an increase in first-half sales and profits thanks to expansion and new customer wins in the UK and US food-to-go markets.
Greencore has booked a 4% increase in first quarter sales as the private label supplier eked out growth in the UK and reported a solid performance from its US business.
The takeover battles for Chiquita Brands International and for Hillshire Brands were among the stories that grabbed your interest in 2014.
The UK government is considering allowing ready meal manufacturers to put the official five-a-day logo on their products.
The bidding for Egyptian snacks group Bisco Misr intensified, there was speculation over Kerry Group's frozen ready-meal business and Danone sold its dairy business in Indonesia.
The much-awaited campylobacter tests on supermarket chicken in the UK were published this week. On the mergers and acquisitions side, Abraaj raised its bid yet again for Bisco Misr. Conversely, Danone was reported to be mulling a sale of its shares in the Yakult business and Kerry Group was reportedly looking to offload its frozen ready-meals arm in the UK. Meanwhile, Ireland's Greencore published some strong annual results. Here is the week in quotes.
Greencore is increasing the capacity of its US food-to-go business and expanding its reach to the west coast of the country as it works to build a US$1bn business in the market.
Greencore, the Ireland-based convenience food group, has said it will step up investments in the coming year after booking higher earnings for the 12 months to 26 September.
Greencore has said it is confident it can deliver annual earnings in line with market expectations after posting higher sales for the third quarter of its financial year.
Greencore's drive into the food-to-go sector in the US and UK lifted the group's first-half sales.
Origin Enterprises has announced the appointment of Imelda Hurley as chief financial officer.
Wow. Your correspondent is penning this blog following precious little sleep after the combination of a humid night in London and the emergence of the most significant event in UK history since 1945 made sleep tricky on Thursday night.
Sachin Tendulkar isn't alone in bidding farewell to colleagues as, today, I enter into my final few hours as news editor for just-food.
Global Ready Meals Market 2016-2020
Ready meals are sold pre-cooked to a certain extent, and serve as easy alternatives to food prepared at home....
Ireland Food and Drink Report Q2 2016
Business Monitor International's Ireland Food and Drink Report provides industry professionals and strategists, corporate analysts, food and drink associations, government departments and regulatory b...
Global Frozen Food Market 2015-2019
Technavio's research analyst predicts the global frozen food market to grow steadily at a CAGR of 4% during the forecast period....
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