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Food industry
Enhancing Efficiency and Accuracy with Wireless Temperature Monitoring Solutions:
Enhancing Efficiency and Accuracy with Wireless Temperature Monitoring Solutions: Revolutionising Temperature Control in Multiple Industries
In today's fast-paced and complex world, the need for efficient and accurate temperature control…
Irish startup plans UK’s First Drone Takeaway Service
After applying for an airspace license, an Irish start-up plans to deliver Britain's very first takeaways via drone.
The Dublin-based Manna plans to launch their first UK service during the first half next year. Manna already…
Owner of Slug and Lettuce faces backlash for ‘dynamic’ pricing on beer
A campaign group representing pubgoers criticised Stonegate, Britain’s largest pub company for raising the price of pints in its busiest trading times by 20p, to offset high costs.
Owners of Slug and Lettuce and Craft Union said they had…
Chief economist of the BoE warns that food inflation is unlikely to drop soon
The days of cheap foods may be gone, said the Bank of England chief economist on Monday. He warned that prices at supermarkets would continue to rise much faster than inflation by the end of this year.
In its latest report on monetary…
The cheap food era in Britain is over, according to economists
The era of cheap British food is over, according to economists. The Bank of England has warned that the inflation of grocery prices will continue in double-digits through the end of this year.
Officials from the bank said that, while…
Greggs sales are boosted by openings, but margin pressures continue
Greggs said that input cost inflation has "cooled" but still continues to affect profit margins. The food-to go retailer reported an increase in sales for the first half of the year, driven by new openings at retail parks and travel hubs.…
UK seafood industry in talks with the UK to improve labour standards on fishing boats
According to sources close to the talks, top supermarkets and seafood companies are in discussions to launch a North East Scotland pilot scheme to ensure fair employment for migrant crews on UK fishing boats.
Seafood Ethics Action (Sea)…
Unilever and Heinz are under investigation over grocery prices
The competition regulator will investigate big brand owners such as Heinz, Unilever and others over concerns that shoppers are paying too much for their groceries.
The Competition & Markets Authority said that its investigation…
UK grocery inflation falls for the fourth consecutive month
Chancellor Jeremy Hunt welcomed the easing in UK grocery prices for a 4th consecutive month ahead of Wednesday's eagerly anticipated official inflation data.
According to Kantar, the annual rate of inflation in grocery prices has slowed…
Uber UK’s revenue of £3.4 billion revealed
Uber revealed its UK revenue of £3.4 billion for the first-time.
Uber Eats, a food delivery service that delivers takeout from restaurants or groceries from supermarkets, also made £700 million.
In the accounts filed with Companies…
Vegans fight to be able to call non-dairy dairy products’mylk.’
Vegan campaigners, who are fighting a possible clampdown on the way their products are described, have stated that the dairy industry shouldn't hold a "monopoly", over words like milk and butter.
After a draft of guidance from Trading…
Iceland is on the path to profit surge
Iceland, a frozen food chain, has predicted that it will make the highest profit in a decade in this year. This admission will increase scrutiny on whether supermarkets profiteer in a crisis of cost-of-living.
Iceland's financial…
The equity markets were wrong about China
Goldman Sachs strategists argued that the 46 percent rise in Chinese stocks in just a few weeks after Covid restrictions were removed was only the start.
They argued that "China appears well-positioned in terms of growth, policy, and…
Japan’s food manufacturers aim to cultivate fake fish as a taste.
The Foodex 2023 Trade Show captured Japan's attention at a time when it was vulnerable. Its exuberantly large scale, its sumptuous offerings, and its fervently enthusiastic post pandemic exhibitors were all part of the show.
Three plates…
Y0! Zensho buys Sushi Owner for $621m
The Yo! The Yo!
Zensho Holdings, a Tokyo-based company, is buying Snowfox Group from Mayfair Equity Partners – the private equity firm which invested in Yo! In a move that smacks of coals to Newcastle, the Tokyo-based Zensho Holdings is…
Meatless Farm, a vegan food company, has laid off almost its entire staff
A plant-based food manufacturer made the majority its staff redundant due to a decline in demand of vegan products.
Meatless Farm (which makes vegan sausages and mince as well as burgers) hired restructuring experts Kroll in the hope…
Pizza Express tries to reclaim the high street while rival chains fall apart
A large sign is posted on the doorway to Pizza Express's East London pizzeria, located at Mare Street: "Your marble tables awaits".
Pizza Express has returned.
The new and renovated restaurants of the chain promise to deliver on…
Investors left with a sour taste after losing money on meat substitutes
Walter Robb, the former co-chief executive of Whole Foods in February 2021 described the gradual shift by consumers from meat-based products to plant-based ones as a "megatrend similar to digitisation", potentially "the largest single trend…