A new report from market analyst group Plimsoll has forecast a
difficult year ahead for the UK bakery sector which has already
felt the effects of a testing 2006.
UK food group Premier Foods is poised to consolidate its leading
position in the British snack market with the £1.23bn (€1.8bn)
acquisition of bakery company RHM.
Northern Foods reported a drop in bakery sales this week with the
sector falling 6.6 per cent from 18.6 per cent after a
disappointing performance for the quarter ended 30 September.
Northern Foods yesterday reported a 1.1 per cent drop in underlying
revenues for the quarter ended 30 September, as the UK-based
company continues to shed underperforming units.