2 Sisters - Latest News and Analysis – Page 4
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News
City snapshot: 2 Sisters hit by protein price inflation
UK chicken giant 2 Sisters was buoyed by the £200m sale of Goodfellas to Nomad Foods in its third quarter, but underlying profitability collapsed on a £5.8m protein division loss. Plus, Oasis Management steps up campaign against Premier Foods CEO Gavin Darby and all the rest of the latest news from the City.
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FSA teams up with 2 Sisters for information sharing trial
The regulator has partnered with 2 Sisters for a pilot information sharing scheme that could provide the ‘template’ for the sector
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Analysis and Features
What’s on Ronald Kers’ to do list as the new CEO of 2 Sisters Food Group?
What kind of company will Kers be taking over, what are the key challenges he faces and what can he bring to the business?
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Ex-Müller CEO Kers to take over at helm of 2 Sisters
Kers, who left Müller last May, takes over from 2 Sisters founder Ranjit Singh and starts on 1 June
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Moody’s downgrades Boparan on “deteriorating performance”
Moody’s cut the credit ratings of 2 Sisters owner Boparan after profits tumbled in the wake of a poultry food safety scandal
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2 Sisters to close Cambuslang plant with loss of 450 jobs
The poultry giant said its loss-making factory would close in August after a consultation failed to present any ‘credible proposal to change our view’
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2 Sisters pledges 90% recyclable plastic packaging by 2020
The company said the move would almost double the amount of recyclable packaging used in its supply chain, which currently stands at 47%
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Five Star Fish faces closure as 2 Sisters consults on 'heavily loss-making' business
Nearly 400 staff at the Grimsby-based operation are now facing redundancy
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Food safety scandal slashes quarterly profits at 2 Sisters
Second-quarter profits have plunged at 2 Sisters Food Group owner Boparan Holdings, as the closure of its scandal-hit West Bromwich factory weighed on results.
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Ranjit Singh Boparan steps down as CEO of 2 Sisters after 25 years
Singh will become president of Boparan Holdings Limited, the parent company of 2 Sisters. The process of finding a new CEO has started
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2 Sisters to cut 900 jobs
The poultry giant is planning to close three loss-making factories in wake of last autumn’s chicken scandal
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2 Sisters defends Efra MPs ‘biscuit-gate’ gift
The supplier sent members of the Committee hampers of biscuits following CEO Ranjit Singh’s appearance in October
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2 Sisters pledges to publish results of all factory audits
It comes as The Guardian and ITV published fresh claims over ‘process issues’ today
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2 Sisters profits hit by site closure and rising commodities
Operating profits at 2 Sisters fell 58% to £8.4m in the 13 weeks to 28 October…
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Analysis and Features
UK food assurance is broken. So how do we fix it?
More audits and inspections are not the answers, say experts. We need to start asking smarter questions of UK food businesses
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‘Easy to game’: MPs deliver damning verdict on UK food audits after 2 Sisters scandal
MPs on the Efra committee say accreditation bodies need to take the scandal as a ‘wake-up call’ and tighten up their standards
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2 Sisters slumps into the red in fourth quarter
The company has also warned the recent food safety scandal at its West Bromwich factory would impact its Q1 results
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2 Sisters reopens scandal-hit West Bromwich plant
Sainsbury’s said it would not be accepting stock from the West Bromwich site…
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'It's time to change' says 2 Sisters boss as he faces MPs over chicken scandal
Ranjit Singh also offered to pay for FSA inspectors as he seeks to rebuild confidence in his company following the scandal
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Burton's mulls Fox's tie-up as sales plunge
With a long-mooted tie-up with Fox’s Biscuits in an IPO reportedly back on the cards, newly filed accounts for Burton’s Biscuits show sales and underlying profitability has fallen once again.