Tate & Lyle will pump up to £30m ($48m/€36.5m) over eight-years in a new venture capital fund that will invest in start-ups and expansion-stage companies in food sciences and enabling technologies.
Dairy Crest is confident that it will meet its full year expectations, despite a tough start to the year that saw a 7% sales revenue decrease compared with H1 2011.
A Waitrose meat buyer has won the coveted 2012 David Black Award for “transforming British pork and pork products into sustainable, high-quality, aspirational food”.
Britain’s Diageo, which also owns Turkey’s largest distiller Mey İçki, is set to pick up a 51 percent stake in Indian liquor baron Vijay Mallya’s United Spirits this week in a transaction worth around $2 billion, a newspaper reported yesterday.
Morrisons, a UK-based chain of supermarkets, has come up with a new website morrisonscellar.com to help consumers find wines and increase its wine sales by £100m.
Health has been a dominant trend in the United Kingdom in recent years, affecting the food and beverage industry through the reformulation and introduction of new “healthier style” products in a number of categories.
Ethnic food entrepreneur Perween Warsi has landed a top award – Food Personality of the Year – in the Food Manufacturing Excellence Awards (FMEAS): the Oscars of the food and drink manufacturing industry.
Allied Bakeries has secured an important win as it strikes a supply contract with UK retailer the Co-op that Premier Foods has been forced to cut, ABF’s finance director says.
