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INNOVATION ROUND-UP JANUARY 2016

New Product Round-up January 2016: hot cross bun popcorn, breakfast bagels, gluten-free Quaker oats and more

Each month, Bakery and Snacks presents a round-up of product launches, relaunches and innovations that have caught our eye: Here’s the selection for January 2016:

Premier Foods reveals strong cakes sales growth and Mr Kipling NPD plans

Innovation including the Cadbury Amaze Bites brownies launched last year have driven a strong performance for the cakes business of UK manufacturer Premier Foods.

News focus

Could Asda's $720m pricing pledge push UK's falling bread prices even lower?

Britain's baking industry is set to come under further pressure following this week's announcement by Walmart subsidiary Asda that it is to invest a further £500m ($720m) in retail price cuts....

South Africa's Competition Commission battles Premier Foods bread cartel ruling

South Africa’s Competition Commission is fighting a court ruling preventing victims of a bread pricing cartel suing Waterfall City-based bakery and confectionery business Premier Foods for its role in the...

Premier Foods sales hit by early Easter

Premier Foods has reported sliding sales in its first quarter results to July 4, due to this year’s early Easter, ahead of its annual general meeting yesterday.

Premier Foods’s skull-crush worker wins payout

A Premier Foods engineer has received a significant amount in compensation after he was left with life-changing injuries following a devastating accident at its Moreton cake factory.

IRI F&B DATA: Part I on bread

White bread chomps into UK top 20 F&B but sales plummet

Three major white bread brands have made it into the UK’s top 20 best-selling food and beverage list, according to IRI data, but every single one has seen sales plummet.

The icing on the cake? Premier bakes up $48m Mr Kipling investment

Premier Foods has put £10m ($16m) behind a multi-media promotional Mr Kipling campaign, just months after committing £20m ($32m) for a snack pack production line.

Hovis bakery to close with loss of 200 jobs

The Hovis bakery in Leicester is to close by next January with the loss of 204 jobs.

Hovis contract loss threatens 40 jobs at logistics firm

40 jobs are threatened at logistics firm Swansea Bakeries Limited (SBL) amid proposals to shift its contract to handle logistics for Premier Foods’ Hovis brand to Hovis’ Avonmouth depot.

Action on Sugar removes bread from high-sugar hit list: 'We acknowledge it was not accurate'

Anti-sugar lobby group Action on Sugar has removed bread from its initial list of products containing ‘large amounts of sugar’.

Hovis back to sourcing British wheat

Premier Foods has recommenced sourcing British wheat for its Hovis brand but cannot bring back its ‘100% British wheat’ pack claim due to continued uncertainty, it says.

News in brief

Premier has ‘brightest outlook in a decade’: City

Premier Foods now has “the brightest outlook for a decade”, after re-engineering its balance sheet with a major refinancing plan, says City analyst Shore Capital.

Premier Foods’ finance deal to ‘liberate it from the past’

Premier Foods has revealed 18% growth in trading profit in full-year results for 2013, alongside a new pensions deal and a much-awaited major capital restructuring plan designed to “liberate the firm...

Premier Foods launches Hovis partnership with Gores Group

Premier Foods has launched a £87.5M joint venture with the US-based Gores Group to run its troubled Hovis bread and flour business.

Mixed reaction to Premier Foods’ Hovis partnership with Gores

Premier Foods’ £87.5M joint venture with the US-based Gores Group has drawn a mixed reception from leading City analysts, as the manufacturer confirmed trading profit for the year ended December...

Can a US equity giant revive Hovis?

US Gores Group is allegedly in talks to buy out a stake of Premier Foods’ Hovis business and a city analyst has said that geography would not impact its ability...

Bread deal should boost Premier Foods

Premier Foods should gain ground from any deal involving its bread business, according to Investec analyst Nicola Mallard.

Premier Foods tight-lipped on bread sale

Premier Foods is remaining tight-lipped about reports that the Mexican bakery Grupo Bimbo may acquire its troubled bread division, as the firm’s short-term prospects divided City opinion.

Premier Foods seeks partner for bread business

Premier Foods has confirmed press reports that it is seeking a partner to raise funding for its troubled bread business.

Premier Foods ‘ahead’ on scrapping suppliers

Premier Foods is ahead of target on cutting suppliers and product lines, according to ceo Gavin Darby, reporting on third quarter (Q3) financial results yesterday.

Canadian wheat imports to UK up 50%

Poor UK harvests and a deregulation of Canada’s grain market has meant that Canadian wheat sales to the UK have increased by 50%, but the UK industry says that need...

Premier Foods: another boss quits

Premier Foods’ executive director and chief financial officer (cfo) Mark Moran is to leave the firm, in what City analyst Panmure Gordon called further evidence that “the revolving door continues to...

Turkey slams Frito-Lay with $9m fine for retail manipulation

Frito-Lay has received a hefty fine for acting to ensure Turkish retailers only stocked its salty snack brands and not rival products.

Another blow: Tesco Express stores drop Hovis breads

This week brings another blow for Hovis as Tesco drops two of its bread brands from its express stores in favor of Kingsmill, so what does the future hold for...

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