Bakkavor Group (BAKK)

Sector:

Food

Index:

FTSE 250

222.50p
   
  • Change Today:
      6.00p
  • 52 Week High: 223.00p
  • 52 Week Low: 130.00p
  • Currency: UK Pounds
  • Shares Issued: 579.43m
  • Volume: 396,508
  • Market Cap: £1,289.22m
  • RiskGrade: 195

Unite makes formal complaint against Bakkavor in pay dispute

By Benjamin Chiou

Date: Thursday 30 Jan 2025

LONDON (ShareCast) - (Sharecast News) - Shares in food manufacturer Bakkavor dipped on Thursday after Unite filed an ethical trading complaint against the company and reached out to its customers amid an ongoing dispute over pay.
Bakkavor's Unite member employees have been on strike since the early autumn to secure better rates of pay, with the union calling for change "after years of real terms pay cuts".

The union has now made a formal complaint on behalf workers at the Bakkavor Foods facility in Spalding, Lincolnshire to the Ethical Trading Initiative (ETI).

Bakkavor customers, which include high street supermarkets, are signed up to the ETI and will be made aware that the company is paying what Unite called "poverty wages".

Workers, who are paid 10p above the minimum hourly wage, are demanding a pay rise of 81p an hour on average, though Bakkavor's management are said to have refused to engage in meaningful negotiations, Unite said in a statement.

"Bakkavor's utter unwillingness to negotiate and to attempt to break a lawful strike has left Unite with no choice. Not only are we telling their customers about their unethical behaviour, but we will be targeting any company that continues to do business with them," said Unite's general secretary Sharon Graham.

Bakkavor's share price was around 4% lower at 133p by the close of play in London.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Bakkavor Group Market Data

Currency UK Pounds
Share Price 222.50p
Change Today 6.00p
% Change 2.77 %
52 Week High 223.00p
52 Week Low 130.00p
Volume 396,508
Shares Issued 579.43m
Market Cap £1,289.22m
RiskGrade 195

Bakkavor Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.74% below the market average84.74% below the market average84.74% below the market average84.74% below the market average84.74% below the market average
84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average
Price Trend
92.10% above the market average92.10% above the market average92.10% above the market average92.10% above the market average92.10% above the market average
86.67% above the sector average86.67% above the sector average86.67% above the sector average86.67% above the sector average86.67% above the sector average
Income
15.03% above the market average15.03% above the market average15.03% above the market average15.03% above the market average15.03% above the market average
12.50% above the sector average12.50% above the sector average12.50% above the sector average12.50% above the sector average12.50% above the sector average
Growth
4.63% above the market average4.63% above the market average4.63% above the market average4.63% above the market average4.63% above the market average
30.77% above the sector average30.77% above the sector average30.77% above the sector average30.77% above the sector average30.77% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Bakkavor Group Dividends

  Latest Previous
  Final Interim
Ex-Div 24-Apr-25 12-Sep-24
Paid 28-May-25 11-Oct-24
Amount 4.80p 3.20p

Trades for 18-Jul-2025

Time Volume / Share Price
14:57 0 @ 222.50p
14:57 0 @ 222.50p
14:57 2 @ 222.50p
16:35 24 @ 222.50p
16:35 1,966 @ 222.50p

Bakkavor Group Key Personnel

CEO Mike Edward

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