Archive for January 2019
Young's reports impressive growth
SOLID sales growth and the capture of important new contracts helped give Young’s Seafood an impressive increase in turnover and gross profits last year. The company reported turnover of £545.9 million for the financial year ended September 30, 2018, a rise of 4.3 per cent, and an EBITDA (earnings before interest, tax, depreciation and amortisation)…
Read MoreDevastating fire at Leroy hatchery
LEROY Seafood, the world’s second largest salmon and trout farming group, has lost 2.6 million young fish after a fire at a major salmon hatchery in northern Norway, the Financial Times reported today. The group, which is listed on the Oslo Stock Exchange, said on Monday morning that an employee of a subcontractor that was…
Read MoreTesco jobs review fuels Grimsby fears
FISH processors in Grimsby were today anxiously studying reports that the supermarket giant Tesco is planning to cut back on the number of fresh fish counters in its larger stores as part of a major jobs review. The reports, which first appeared in the Mail On Sunday, suggest that the retailer could axe thousands of…
Read MoreWorld's first salmon ‘ATM’ opens
THE world’s first salmon vending machine has gone into action in Singapore. From a distance it looks like a brightly coloured bank cashpoint, but move in closer and it will dispense not banknotes but frozen Norwegian salmon fillets, all ready to cook. A local and as yet unnamed local distributor has come up with the…
Read MoreNew jobs, new names in Gael Force growth
LEADING aquaculture equipment supplier Gael Force has launched its largest ever recruitment drive to staff its ever growing business. Up to 40 new positions are being advertised in a range of roles so the company can meet increasing demand for aquaculture equipment, including offshore pens, concrete and steel feed barges, and marine technology systems. Gael…
Read MoreGlobal showcase for RAS technology
LEADING experts in recirculating aquaculture systems (RAS) are expected to gather in Washington DC this May for an international conference and exhibition. The RAStech 2019 event will feature education sessions designed to provide the latest in RAS research, technology development, best practices and implementation. The show takes place against a backdrop of growing global interest…
Read MoreFish Update Briefing, Friday, January 25
SEAFOOD BOOM PROMPTS OSLO BID NORWAY’S strength in seafood and energy has partly prompted a $729 million bid for the Oslo Stock Exchange by Euronext, which already runs stock exchanges in a number of other European cities, including Paris, Brussels and Amsterdam. Oslo also has its own dedicated seafood index, which includes most of the…
Read MoreSalmon farmers soar in top firms list
SCOTLAND’S salmon companies have been recognised among the country’s top performing firms, with several leading producers moving up in an annual league table of businesses. Mowi Scotland (formerly Marine Harvest Scotland) moves up 12 places to rank 31st in Scottish Business Insider’s Top 500 (2019) table, published this month. Mowi’s value-added processing business, based in…
Read MoreDevon chippy crowned Britain's best
LOVERS of fish and chips will have to travel to Devon if they want to sample the best Britain has to offer. Krispies Fish & Chips, from the coastal resort of Exmouth, has been crowned the UK’s best fish and chip outlet after winning the National Fish & Chip Awards 2019. Owned and operated by…
Read MoreYoung's to axe 50 jobs at Edinburgh site
YOUNG’S Seafood looks set to cut more jobs in Scotland. The company has confirmed that it is looking to reduce the number of staff at its Macrae plant at Livingston, near Edinburgh, by up to 50 people. The announcement comes less than a year after it controversially closed its Pinneys salmon site at Annan with…
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