Business news

 

Beer loses out to wine

Overall consumption of alcoholic drinks among the senior population is forecast to drop 42% to one billion litres by 2010 as consumers are switching from beer to spirits and wine. Overall consumption of beer is forecast to halve by 2010 in favour of the preference for stronger drinks. Pure alcohol is set to rise by […]

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Majestic sales lift alcohol drift

Wine warehouse chain Majestic’s New World wines have lifted sales, despite the state of the alcohol retail sector which has 4.7% of companies in liquidation. Majestic has reported a 10% rise in pre-tax profits to £14.5 million and a 6% increase in turnover to £172.2 million. Matthew Debbage, head of product and marketing at ICC […]

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Curry kick for World Cup fans

Derby-based recipe dish manufacturer S&A Foods, in partnership with Asda, is ensuring football fans have enough energy to support England in the 2006 World Cup with the launch of their hottest ever curry, Chicken Phal. The Chicken Phal curry, will be available from the Indian serve over counter in Asda stores. Made from a combination […]

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LFI opens US office

Leatherhead Food International (LFI) is opening a new office in New York City. The food research firm’s services will be provided in partnership with Food from Britain North America (FFBNA). Steve Dawson, FFBNA’s managing director, will be the main contact for US members. John Bevington, CEO at Leatherhead, comments,“North America is one of LFI’s fastest […]

British firms win over European tastebuds

Several British companies have been nominated as prize-winners for this year’s Superior Taste Awards 2006. The International Taste & Quality Institute, which runs the event, chose Blackwood Distillers, London; Frederic Robinson, Stockport; Mission Foods, Coventry; and Williamson Fine Teas, Dunstable, for their quality products. Judges included renowned European chefs, beverage experts and Sommeliers, members of […]

Consumers check labels

A Food Standards Agency (FSA) survey has found an increasing awareness among consumers towards healthier eating. More people are taking an interest in food, particularly by checking the labels and eating more fruit and vegetables. The survey team interviewed more than 3,000 people over five weeks. It was found the number of consumers who claim […]

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Resource network to aid UK firms

UK businesses can look forward to benefiting from the newly launched Resource Efficiency Knowledge Transfer Network. The scheme, part funded by the National Industrial Symbiosis Programme, is a division of the Government’s £370 million Technology Programme to stimulate more efficient use of resources. The network aims to help UK industry and commerce minimise waste. Services […]

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Cadbury Schweppes steps up investment

Cadbury Schweppes Americas Confectionery has opened its new Science & Technology Center in Hanover, New Jersey. The $40 million investment will create new products for the Cadbury Schweppes worldwide gum business and its Americas confectionery region. The 148,000 sq ft facility will enable the creation and testing of new gum and candies, tasting and evaluating […]

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Confectioner’s sweet reflections

Glisten, a fast-growing confectionery group making chocolate and sugar-based decorations, announced double turnover and good progress on current trading at its recent AGM. Chairman, Jeremy Hamer, said “Glisten has had a very good start to the current year with overall turnover for the first four months more than double last year and, on a like-for-like […]

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Little effect from longer licensing hours

The new British alcohol licensing laws, which became effective in November, are deemed to make little difference to the drinks industry. Consumers are shifting from on-trade to off-trade drinking, motivated by the lower price and greater comfort of drinking at home. Few venues will move regular closing times by more than an hour and the […]

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Midlife market missed by drinks makers

Drinks manufacturers are missing out on the midlife market, according to a new report by independent market analyst Datamonitor. Apparently, the ‘midlifers’ are aged between 25-44, disinclined to binge drinking and account for 42 per cent of Europe’s multi-billion euro alcoholic drinks market. What’s more, alcoholic drinks manufacturers continue to regard young adults as their […]

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Lady Jay to head FFB

Lady Sylvia Jay CBE will become the new chair of Food from Britain in 2006. She takes over the role from Gordon Summerfield, who commented,“Sylvia Jay is an excellent appointment. Her knowledge of the food and drink industry will undoubtedly assist exporters in breaking through the £10 million barrier for the first time in nearly […]

Nestle to grow its own

The board of Nestle SA is to set up the Nestle Growth Fund with £500 million to be invested over five to seven years. This new fund is to help Nestle grow new science and nutrition businesses and ntegrate them into the group’s mainstream business units. This will contribute to the group’s expansion into health, […]

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Lax laws loom as boozy Brits drink on

Soaring alcohol sales in the UK are causing concern among health ministers as imminent changes in licensing laws could allow the beverages to be sold round the clock in pubs and shops. The new licence laws, due in November, have been proposed despite reports that alcohol sales have increased by almost ten per cent in […]

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