The authoritative independent voice of the UK food industry
Marks and Spencer unveils results amid store closure news
Following the announcement that Marks and Spencer is set to close 100 stores by 2022, the retailer has now unveiled its full year results. The retailer reported a 62.1% fall in pre-tax profit to £66.8 million in the year to 31st March. This was linked to a store...
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Tesco to remove ‘Best Before’ label on selected fruit and vegetables
Tesco is removing its ‘Best Before’ label on selected fruit and vegetables, to help prevent perfectly edible food from being thrown away. ‘Best Before’ labels are put on foods by retailers as a quality indication to show that although they are no longer at their best...
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Marks & Spencer to close 100 stores by 2022
Marks & Spencer (M&S) has announced it is closing a further 14 stores, totalling over 100 store closures by 2022. It has been announced that 21 stores have already closed, and a further 14 are proposed for closure or set to close in 2018/19. This follows the...
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Cranswick plc announce audited preliminary results
Cranswick plc results for the year ended 31st March 2018 have been announced It is said to be a year of record capital investment for Cranswick, with capital expenditure of £59 million to add capacity, extend capability and drive efficiencies. Key features also...
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Iceland furthers plastic reduction pledge with reverse vending machine
Iceland have became the first UK supermarket to install a reverse vending machine in store in support of the Government’s intention to introduce a Deposit Return Scheme in England. Iceland continues to reduce the impact of plastic packaging on the environment, and...
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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.Overseas-owned companies total 47% of UK food sector turnover
Overseas-owned companies are making up a substantial share of the UK food sector, accounting for nearly half (47%) of the turnover of the UK’s leading food companies. Research by the commercial law firm EMW shows this is a rise from 44% last year. Overseas owned...
Cod prices could rise 18% when UK leaves EU
Rabobank has warned the price of cod could rise by 18% should the UK leave the European Union without a free trade deal in place. The findings come from Rabobank’s latest report on the UK’s fishing industry, Fishing for Answers II. In the event of a hard Brexit, we...
Red Tractor urges Government to change future agriculture policy
With Red Tractor being a main foundation for British agriculture, it is urging the Government to ensure that food production is at the forefront and being made a priority. Jim Moseley, who is the CEO of Red Tractor Assurance, expresses his thoughts that food...
Risk of rising food bills after Brexit
Post-Brexit trade barriers threaten to disrupt the supply and costs of food products, according to a new report from the House of Lords’ EU Energy and Environment Sub-Committee. The report, Brexit: food prices and availability, suggests that around 30% of food eaten...
Orderly trade system required after Brexit
The Government is running out of time to make negotiations for an “orderly trade system after the Brexit transition” which could risk a huge impact on the food industry. This is according to a report by the Business, Energy and Industrial Strategy (BEIS), which was...
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