Good Week, Bad Week

Financial results, jobs and dairy lead headlines

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Food and drink financial results, criticism of beverage manufacturers and jobs lead the week’s top food and drink manufacturing headlines.

In the latest edition of Good week, bad week we unpackaged a collection of financial results released by Finsbury Food Group, ABF, Wyke Farms and Greggs.

We also focussed on the important Christmas trading period for the retailers, with Morrisons, Sainsbury and Tesco all reporting marginal increase in like-for-like sales.

But, they were still outshone by the discounters Aldi and Lidl, which recorded 13.3% and 18.5% boosts in Christmas sales compared with 2014.

Criticism

Meadow Foods’ milk price was slammed by the National Farmers Union (NFU).

The NFU said it was “morally wrong” for a business with pre-tax profits of £13.7M to pay so little for milk to dairy farmers.

Shepton Mallet Cider found itself in hot water with Unite the Union for upping sticks to Ireland and putting 127 people out of work.

Related News

ABF has acquired the remaining interest in Illovo, the South African sugar company, for £262M

ABF buys remaining share in Illovo for £262M

UK dairy farm closures come as Wyke Farms's md slams “eye-wateringly cheap dairy prices”

Wyke boss slams ‘cheap prices’ after dairy closures

Greggs posted a 6% rise in sales in the first half of the year

Greggs posts 6% rise in sales to £422M

Finsbury has secured growth within a challenging market

Finsbury posts ‘positive’ results in challenging market

The challenging dairy sector has hit Wyke Farms

Wyke Farms grows turnover but profits fall

Tesco reported like-for-like sales growth of 2.1%

Tesco’s Christmas fightback against discounters

Allied Bakeries’ sales volumes have risen, according to ABF

ABF results: Allied Bakeries boosts sales volumes

Sainsbury posted sliding third-quarter sales

Sainsbury’s sales slide in run up to Christmas

Owner C&C Group plans to move cider production to Ireland

Shepton Mallet Cider Mill to close – 127 job losses

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