Tesco Meal Supplier Warns of Hit from Employer Costs

A supplier of microwave meals to Tesco has warned that rising commodity prices and wage costs could deliver a financial hit of £65 million.

Bakkavor has stated its finances have come under pressure from the government's increase to employers' national insurance and the national living wage as it prepares to merge with Greencore, a competitor in the food-to-go sector.

The meals supplier said the increase in labour costs would add amount to an additional annual bill of £15 million, adding: "We have good visibility...

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