Finance

Kerr Concentrates products can be added to baked goods
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Ingredion extends ‘clean-label’ offering with acquisition

Global ingredient solutions company, Ingredion Incorporated, has announced it will acquire Kerr Concentrates for around $100m (£65m).

Kingsmill
ABF announces Kingsmill is increasing its volumes while the market remains tough
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ABF steps up volumes at Allied Bakeries

Associated British Foods (ABF) has revealed that Kingsmill owner Allied Bakeries is increasing its volumes in its trading statement for the 40 weeks ended 20 June 2015. 

M&S enjoys Q1 food sales increase

Marks & Spencer has seen food sales rise in its first quarter, while it remains on track to open 90 new Simply Food stores this year.

Pinkmans
The bakery will open in Bristol city centre- opened by Steven Whibley (Le Pain Quotidien, GAIL’s Bakery)
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Bristol to see new-concept bakery

An experienced restaurant duo are to open a new-concept bakery in Bristol. 

Coffee
Coffee is still on the rise
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Ireland’s coffee shop market rises 14%

Ireland’s coffee shop market is outperforming the Irish retail sector with sales growth of 14%. 

Hatton baker strengthens hand with Aberdeen acquisition

Murdoch Allan bakers has bought a Scottish bakery firm, as it expands to meet demand.

Irish Pride Taghmon site
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Potential deal for Irish Pride Bakeries on cards

It is rumoured that a rescue-deal for Irish Pride Bakeries is under way, after it went into receivership last month.

Bread prices and discounters impact inflation

Grocery inflation is at -1.7%, reflecting the impact of Aldi and Lidl, as well as deflation in major categories like bread.

Tesco beats expectations as sales decline slows

Outlook for Tesco is looking up as the retailer boasts an improved sales performance in its first quarter trading update.

Patisserie Valerie to open in Debenhams

Growing confectionery chain Patisserie Valerie has signed a deal to open six Debenhams concession shops.

The new-look Chatwins sites aim to look more modern, and now make fresh sandwiches to order
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Chatwins closes Hanley outlets but revamps other stores

Chatwins bakery has shut three shops around Hanley, while it continues to refit and re-brand other more profitable stores.

2 Sisters to invest in biscuits

Food giant 2 Sisters Food Group is investing in biscuit and pizza categories, it has revealed in its Q3 results.

Ferrero makes £112m play for Thorntons

Ferrero International, the maker of Ferrero Rocher chocolates and Nutella, has offered to buy Thorntons for around £112m.

Starbucks shuts La Boulange bakeries

Starbucks is to close its La Boulange bakery outlets, however will continue to serve the brand in US stores.

Patisserie Holdings sell shares

Patisserie Holdings, owner of Patisserie Valerie, has raised a combined total of £15m after the directors sold 4.8 million shares.

Cake sales boost Premier, says analysts

Analysts have praised a ‘good uplift’ in the cake category at Premier Foods, while warning of potential delistings depending on actions of Tesco.

Irish ingredients firm celebrates 70 years with £750k spend

Andrew Ingredients has invested £750k in new facilities, which it will open in line with its 70 years of business celebrations.

CMA investigates Bako merger

The anticipated acquisition by Bako North Western of Bako Northern & Scotland is under investigation by the Competition and Markets Authority (CMA).

Costa Coffee
Costa Coffee enjoys another LFL sales boost
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LFLs up 5% at Costa Coffee

Costa Coffee, the Whitbread-owned high street chain, saw like-for-like sales (LFLs) grow by 5% in the 13 weeks to 28 May 2015. 

Finsbury
John Duffy believes Johnstone's will help the group diversify
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Finsbury bolts on Scottish acquisition

Bakery giant Finsbury Food Group has today announced the completion of its acquisition of Johnstone’s Just Desserts (Johnstone’s), from administrator FRP Advisory. 

The new shop will be ready to open by the end of this week
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Worthing bakery opens first shop

Raise Bakery is to open its first retail shop in Hove this week, and will sell bread for the first time.

The Kingsmill 50/50 loaf was dropped from Morrisons in March
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Morrisons drops Kingsmill 50/50 loaves

Allied Bakeries has suffered another blow to its Kingsmill brand, as British Baker can reveal Kingsmill 50/50 loaves have been dropped from Morrisons.

Sainsbury’s Q1 LFLs down

Sainsbury’s has seen like-for-like (LFL) sales down 2.1% for its first quarter, fighting what it calls “a highly competitive pricing backdrop.”

Paul UK
Paul UK at Waterloo Road
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Paul reports big jump in turnover

Artisan bakery chain Paul UK has revealed EBITDA has climbed 19.2% to £4.3m for the year ended 31 December 2014. 

Food sales ‘normalising’ despite deflation

Total food sales grew 0.5% for the three months to May, according to the British Retail Consortium (BRC) sales monitor.

One Stop strikes ISB deal

One Stop convenience stores has struck a new partnership with Country Choice, as it sees opportunity in the in-store bakery sector.

Cooplands
Cooplands bakery and HQ is sold
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Cooplands HQ is sold

The former head office and bakery of Cooplands of Doncaster has been sold for an undisclosed sum. 

Rainbow Dust Colour
Rainbow Dust Colour is a cake decorating specialist
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Rainbow Dust Colour welcomes new managing director

Real Good Food has appointed a new managing director for its Rainbow Dust Colour business. 

Sales climb to nearly €1bn for Aryzta

Aryzta, the Swiss-based bakery group behind brands like Delice de France and Otis Spunkmeyer, saw its third-quarter revenue climb 13.2% to nearly €1bn. 

Supermarkets see slight sales growth

New figures show continued slow growth in the supermarket sector, with sales up 0.2% for the 12 weeks to 24 May.

Wholesaler Bidvest changes name

UK foodservice provider Bidvest 3663 will now be known as Bidvest Foodservice.

Tate & Lyle
Tate & Lyle sees profits plunge 30%
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Tate & Lyle suffers ‘challenging year’

Full-year profit and earnings at sucralose producer Tate & Lyle have taken a hit after a “very challenging year”. 

Bakkavor
A number of buyers are interested in stakes in Bakkavor
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Bakkavör to sell stakes in the business

A bidding war for a stake in UK convenience group Bakkavör is looming after reports of interest from a number of buyers, including private equity firms PAI Partners and Pamplona Capital. 

SSP sees UK LFLs growth

SSP, the leading food operator in travel locations worldwide, saw like-for-like sales (LFLs) grow by 3.7% in the UK in its first half.

West Cornwall Pasty Co has revamped its estate and offer
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West Cornwall Pasty Co sees 6% LFL growth

The new owners of West Cornwall Pasty Co have seen like-for-like (LFL) sales growth of 6% in the year since they took over, it has been revealed.

Patisserie Valerie, bakery, cakes
Patisserie Valerie has seen financial growth in the past six months
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Ebitda up 23% at Patisserie Holdings

Underlying profit increased by 23.1% to £8.7m at Patisserie Holdings in the six months to 31 March 2015.

Asda reports Q1 3.9% decline in LFL sales

Asda has announced a 3.9% fall in like-for-like sales in its first quarter, in what it describes at the “most challenging year yet” for UK supermarkets.

Convenience sector boost Greencore profits

Sandwich-maker Greencore has seen profits soar as its convenience food sector booms, despite a challenging market.

Premier Foods reports full-year losses, due to impairment of sweet sector

Food giant Premier Foods has increased its losses due to impairment charges, largely related to its sweet business, which includes the Mr Kipling brand.

BFP appoints new chief executive

Bakery ingredients supplier BFP Wholesale has appointed a new chief executive, it was revealed today.

Bako NW
Bako NW buys Northern & Scotland
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Bako NW buys Northern & Scotland

Bako North Western is to buy sister company Bako Northern & Scotland, it has been revealed. 

Napier Brown
RGF sugar arm Napier Brown's sale is approved
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Real Good Food sugar arm sale approved

Real Good Food’s proposed sale of its subsidiary Napier Brown Sugar has been approved. 

Pieminister
Pieminister to launch summer pies with cider
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Pieminister's flagship Leeds site opens

Pieminister has opened its flagship store in Leeds – its biggest yet – as it gears up for a summer pies launch next month. 

Supermarkets
Supermarket sales growth slows in 12 weeks to April
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Grocery price deflation hits supermarket sales

Supermarket sales have slowed to a revenue growth of 0.2% compared to last year, according to the latest figures from Kantar Worldpanel. 

Sainsbury's
Sainsbury's chief executive Mike Coupe insists company is strong
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Sainsbury's posts first loss in a decade

Sainsbury’s has revealed a pre-tax loss of £72m for the year to 14 March - its first loss in a decade. 

John Duffy: "strategy to diversify into new channels."
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Finsbury Food to save 150 jobs in desserts acquisition

Bakery giant Finsbury Food Group has today announced the proposed acquisition of Johnstone’s Just Desserts (Johnstone’s), from administrators FRP Advisory.

Thorntons suffers sales decline, despite better Easter

Sales at chocolate company Thorntons have dropped in both its retail and FMCG divisions, as the firm has lost orders from a commercial customer.

Research firm identifies morning goods and lunch opportunities

The morning goods market is expected to grow 2.7%, as retailers are advised to capitalise on the convenience food trend.

Napier Brown to sell for £34m

Real Good Food is to sell its sugar distribution business Napier Brown for £34m to Tereos, the world’s fifth-largest sugar group.

Greggs new style 'bakery-to-go' shop
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Greggs turns in another robust performance

Greggs the bakers has posted another set of “strong” trading results, with like-for-like sales up 5.9%- ahead of its expectations.

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