Finance

Warrens Bakery
Warrens Bakery has seen positive effects from its company-wide rebranding programme
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Rebranding boosts Cornish pasty firm

Warrens Bakery, the Cornwall-based 50-strong chain, has revealed that retail sales and wholesale have jumped following a rebranding programme. 

Sandwiches remain key to children’s lunchboxes

Research has revealed that children’s packed lunches are changing – but sandwiches remain a staple item.

Croissants
Morning goods were one area identified for growth
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Sweet bakery: steps to growth identified

Swedish bakery supplier Lantmännen Unibake UK claims the sweet bakery category can grow by £59m in the next five years. 

Budgens
Christoper and Lewis Freeman of Dunn's Bakery supply the Crouch End store
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Budgens enjoys bakery success in new concept stores

Bakery products have “played an important role” in the success of Budgens’ new concept stores. 

Lotus Biscoff
Lotus Bakeries sees good half year results
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Profits leap for Lotus Bakeries

Lotus Bakeries, the Belgium based company that has just bought a majority stake in Natural Balance Foods, has seen profits jump by more than a third in its first half. 

Paul
Le Restaurant de Paul opening at London's Tower 42
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Paul bakery opens second restaurant venue

The second Le Restaurant de Paul is opening in London’s Tower 42 in the French bakery brand’s largest venue yet. 

Bako North Western finalises sister company purchase

Bako North Western, the Preston-based company, has bought sister company Bako Northern & Scotland in a deal to create a business with a turnover of more than £100m. 

Slow growth in grocery sector

“Sluggish growth” has been recorded in the British grocery market in the 12 weeks to 16 August 2015 with Sainsbury's the only one of the big four in growth.

Real Good Food
Pieter Totte ups shares in Real Good Food
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Real Good Food chairman ups shares

Executive chairman of Real Good Food (RGF) has increased his stake in the company to 3.89%. 

Asda upbeat despite Q2 sales drop

Asda has posted a 4.7% fall in like-for-like sales for its second quarter, in what it described as “disappointing, but a short-term picture”.

Pat the Baker
Pat the Baker has bought part of Irish Pride
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Irish Pride ‘sold’ to Pat the Baker

The sale of the majority of Irish Pride Bakeries’ assets to Pat the Baker has reportedly been agreed for around €7m (£4.9m). 

Ferrero completes Thorntons transaction

The £112m takeover of British chocolatier Thorntons has been completed by Ferrero, as it pledges to grow the brand.

Lotus Bakeries buys majority stake in Nākd

Belgian biscuit and cake company Lotus Bakeries has taken over a majority stake Natural Balance Foods, the company behind the Nākd and TREK brands.

Bakkavor in revenue increase

Fresh food manufacturer Bakkavor has seen revenues rise in its half year results, despite a challenging market.

Brace’s shapes management team

Brace’s, the Newport-based bread bakery, has made a number of changes to its board of directors following the recent appointment of a new chief executive.

Eggs
Egg price is increasing following US bird flu outbreak
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US bird flu increases pressure on egg prices

Fears are growing that egg prices could rise as European supplies are sent to the US after a massive bird flu outbreak. 

BRC reports first drop in food sales for 2015

Food sales fell for the first time this year, as budgets and weather affected shopper habits.

Cake and biscuits market in slow growth, but future positive

The biscuit and cake market has seen a “subdued” growth, threatened by home baking and competition between confectionery, health foods and ice cream products.

Real Good Food
Renshaw is performing well
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Real Good Food business outlook breakdown

Real Good Food posted full-year results including an operating loss of £741,000 for the year to 32 March 2015. 

Real Good Food
Real Good Food company has shed Napier Brown
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Sugar hurts Real Good Food profit, but outlook good

The bakery group Real Good Food made an operating loss of £741,000 last year after it was hit hard following a dispute over sugar. 

Wheat cost helps drive food price inflation

Food prices returned to inflation in July for the first time this year driven in part by the rising cost of wheat, according to latest figures released by the British Retail Consortium. 

Ginsters announces new managing director

Ginsters, the Cornish pasty giant, has announced the appointment of a previous Coca-Cola marketing boss as its new managing director.

Allied Bakeries reviews 23 jobs in streamlining operation

A major restructure at Allied Bakeries will see 23 management and admin roles go under review, including its category director position.

Burton’s in the frame to buy Nakd bars

Burton’s Biscuits, owner of Jammy Dodgers and Maryland Cookies, is reportedly in the running to make a £60m bid for the maker of Nakd bars.

Lagkagehuset
Danish bakery Lagkagehuset is set to open in the UK
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Danish bakery business to make UK debut

Lagkagehuset, the Danish bakery chain, is set to launch in the UK amid international expansion plans. 

Kaak Group
The Kaak Group is expanding in the UK
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Kaak establishes one-stop bakeware shop in UK

Bakery equipment manufacturer The Kaak Group has expanded in the UK following the acquisition from Aktrion Foods of its tin cleaning and coating division by Benier UK. 

Tate & Lyle reports steadier trading

Global ingredients and food solutions supplier Tate & Lyle says trading performance for its first quarter has been “in line with expectations”.

Greggs bacon roll
Greggs' breakfast and low-calorie options are a success
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Greggs sales boom with breakfast demand

High street bakery giant Greggs has reported “a strong first half” as consumer demand for its low-calorie and breakfast options grows. 

Supermarkets
British grocery market sees slow growth
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Smaller retailers outperform slower grocery growth

British grocery sales have slowed by 0.8% in the last year, though smaller retailers have enjoyed stronger growth. 

Greencore
Greencore sees good revenue growth
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Convenience sales boost Greencore Q3 revenue

Greencore Group, the convenience foods manufacturer, has seen revenue rise 6.2% in its third quarter following increased convenience sales and strong US growth. 

The doughnut effect: preserves firm benefits from bakery trend

A rise in popularity of filled bakery products such as doughnuts has sparked business growth in a Manchester-based preserves company.

Olive oil
Olive oil prices are still rising
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Olive oil prices jump 10%

Extra virgin olive oil prices are up almost 10%, with little sign of the sourcing situation improving.

Thorntons to exit Stock Exchange

Thorntons has officially requested to be delisted from the London Stock Exchange, in anticipation of its pending takeover by Ferrero International.

Mr Kipling
Mr Kipling owner Premier Foods continues to make gains in cake sector
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Premier Foods claims cake share gains, despite slight sales fall

Mr Kipling owner Premier Foods has reported market share gains in cake and ambient desserts amid a slight decrease in sales in its last quarter. 

Harris + Hoole founders exit the business

The Harris + Hoole (H+H) founding trio are stepping back from the Tesco-backed coffee chain.

Phat Pasty Co sees sales jump 22%

Pasty concept Phat Pasty has seen sales surge thanks in part to a big increase in the number of universities selling its products and using its branded counters and point-of-sale material.

Mike McDonough will leave in August
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Finance director departs Real Good Food

Real Good Food’s (RGF) finance director has left the company following a reshuffle of operations, after it sold Napier Brown Sugar.

SSP enjoys LFL sales increase

Travel food giant SSP Group has seen like-for-like sales up 3.2% thanks to passenger growth in the air sector.

Financial distress worsens for food suppliers

The number of UK food suppliers experiencing significant financial distress has increased by 54% in the past 12 months as the supermarkets slash prices and delay payments, according to business recovery specialist Begbies Traynor.

Tromp predicts bright future as turnover leaps 10%

The Tromp Group has seen a jump in turnover of around 10% in the year since it joined the Markel Food Group in August last year.

ADM cocoa will become part of Cargill
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Europe clears Cargill’s ADM cocoa deal

The European Commission has granted conditional clearance for the $440m (£226.4m) Cargill acquisition of Archer Daniels Midland’s cocoa business in Europe.

Bakkavör sells off pizza firm

Bakkavör Group has completed the sale of its remaining pizza business to Dreamfood.

Competition body highlights ‘misleading’ supermarket pricing tactics

Supermarket pricing has been deemed potentially confusing by the Competition & Markets Authority (CMA) following a formal complaint by consumer rights campaigner Which?.

Finsbury Food Group
Finsbury posts sales jump
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Finsbury reports strong sales growth

Speciality bakery manufacturer Finsbury Food Group is outperforming profit expectations as its total sales revenue grew to £256.2m in the year to 27 June 2015. 

Competition body clears path for Bako merger

The Competition and Markets Authority (CMA) has cleared the anticipated merger of Bako North Western and Bako Scotland.

Tim Davies, chief executive of Carr's
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Carr’s reports positive growth for food division

Carr’s Group has seen volumes in its food division up ahead of last year, despite the “challenging” market.

Square Pie issues ‘Pie Bonds’ on CrowdCube

Retail pie brand Square Pie is crowdfunding investors to grow its business across the UK.

Ferrero-Thorntons bid ‘unconditional’ as decision deadline nears

Ferrero's £112m takeover bid of Thorntons has become ‘wholly unconditional’, subject to the chocolate brand’s acceptance by shareholders.

Waitrose
Waitrose makes sales gains as the sun shines
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Sun helps Waitrose sales soar

Sales at Waitrose leapt 6% to £132.2m in the 22nd week of its current financial year versus the same week in 2014. 

Callebaut’s European sales buck the global chocolate trend

Global chocolatier Barry Callebaut has seen sales volumes rise in Europe - outperforming the declining global chocolate confectionery market.

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