Finance

Blackburn family bakery rises from the ashes to scoop awards

Sandersons has won six national awards for its pies at the 2016 British Pie Awards, just three years after going into administration.

FSA announces new appointments to the board

David Brooks, Rosie Glazebrook, Stewart Houston and Paul Williams will serve an initial three year term with the Food Standards Agency (FSA), ending in 2019.

FDF opposes Brexit

The Food and Drink Federation (FDF) wants the UK to remain part of the European Union (EU), as 71% of its members “overwhelmingly endorse” staying in Europe.

The Chancellor, George Osborne
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Budget 2016 – key points for the bakery sector

A rise in the number of businesses able to access Small Business Rate Relief, and a tax on sugary drinks, were among key commitments set out by the Chancellor, George Osborne.

Finsbury Food reports strong H1 growth

Finsbury Food Group has reported a 91% growth in its H1 UK bakery operating profit, from £3.8m to £7.2m.

Boparan enjoys positive Q2 results

Boparan Holdings, the company behind 2 Sisters Food Group, has reported a rise in underlying sales and improved profitability for its second quarter.

Wheat prices expected to stay low

Wheat prices are expected to stay low, despite an estimated 1m-hectare reduction in global planting.

Sainsbury’s reports steady Q4 sales

Sainsbury’s has reported a steady Q4 trading period with like-for-like (LFL) sales excluding fuel at 0.1% growth.

New national commitment to sustainable food and drink

Resource efficiency charity WRAP has pledged to reduce the resource intensity of the UK’s food and drink by one-fifth, saving £20bn.

High street closures at five-year low

New research from PricewaterhouseCoopers (PwC) and the Local Data Company (LDC), shows coffee shops led the rise in new store openings last year.

UB boss steps down

United Biscuits’ chief executive, Jeff van der Eems, has stepped down with immediate effect.

Free’ist wins Morrisons deal

Low-sugar bakery and snack manufacturer Free’ist has won its first listing with a major British supermarket.

New directors for Tate & Lyle

Tate & Lyle PLC has announced that it has appointed two non-executive directors, with effect from 1 April. 

“Significant growth” for Bokomo Foods

Cereal maker Bokomo Foods is now the main supplier to all major supermarkets’ own-brand cereal products.

Waitrose operating profit up despite tough market

Waitrose has reported a 3.9% rise in operating profit for the year, to £232.6m, despite “exceptionally tough” market conditions.

Morrisons details strategy for growth

Morrisons has listed six key priorities, as part of its ongoing strategy to improve profitability.

Morrisons reports sales drop

Morrisons reported a 2% drop in like-for-likes sales for its financial year (excluding VAT and fuel), although positive Q4 figures showed signs of recovery.

Innovation is the key to success, says new report

A new bakery and pastry report from Catalyst Corporate Finance has found that the fastest-growing brands specialise in healthier baked goods using high-quality ingredients.

Food sales return to growth despite supermarket price war

The grocery sector reported a 0.5% rise in sales in the four weeks to 28 February, after months of little or no growth, according to Kantar Worldpanel.

Price of gluten-free bread and croissants rises

Mysupermarket.com has analysed the prices of various baked goods over the last year, with many items found to be cheaper, but a few significantly more expensive.

Caffè Nero roasted for tax avoidance

High street coffee chain Caffè Nero has come under widespread media criticism for paying no corporation tax in the last financial year, despite posting a profit of almost £23.6m.

Burton’s Biscuits closes in on Fox’s deal

Burton’s Biscuits is reported to be closing in on a £330m deal to purchase rival brand, Fox’s.

Innovate to thrive, say webinar speakers

The bakery retail market is “exciting and vibrant”, according to the speakers at the Insights from the Bakery Market Report 2016 live event.

Perthshire pie-maker ceases trading

The Wee Pie Company has unexpectedly ceased trading, just months after securing a £150,000 contract to supply Aldi.

Self-service bakery franchise announces expansion plans

Bake & Take, the German café and bakery concept, aims to open 100 new UK stores in the next five years. 

Bakery among biggest UK exports

Baked and cereal exports increased to £2.3bn in 2015, according to new HM Customs & Excise data.

Samworth at the House of Commons

Keith Vaz MP met with Alex Knight, chief executive of Samworth Brothers, to discuss “grave concerns” about the food manufacturer’s wage proposals.

Costa reports slowing sales

The high street coffee shop chain’s owner, Whitbread, has blamed mild weather for disappointing sales.

New commercial director for Macphie

Independent food ingredients manufacturer Macphie has appointed Richard Cox to its executive board.

Cornelius Group among 1,000 Companies to Inspire Britain

The Cornelius Group has been included in the London Stock Exchange’s 1,000 Companies to Inspire Britain report.

Learn about the future of bakery

Do you want to learn about future trends in retail bakery? If so, an upcoming British Baker web forum is perfect for you.

Roger Whiteside, chief executive at Greggs
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Greggs to reorganise and capitalise

Capitalising on the food-to-go market and reorganising the bakery portfolio are key priorities for Greggs, according to chief executive Roger Whiteside.

Greggs’ Annual Report at a glance

Greggs reported record revenues and pre-tax profits yesterday, proving the wisdom of its transition from traditional baker to food-to-go retailer.

New funding for The Cornish Bakery

A seven-figure funding package for The Cornish Bakery could create up to 180 jobs and eight new stores “by spring 2016”.

Greggs' Twickenham factory
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Greggs to close three bakeries

The closure of three bakeries has been announced by food-to-go retailer Greggs, with the loss of 355 jobs.

Roger Whiteside, chief executive at Greggs
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Greggs posts strong profit growth

Greggs saw its pre-tax profits rise by 25.4% to £73m in its last financial year and has revealed it is confident of delivering even more growth in the year ahead.

Morrisons to enter supply arrangement with Amazon

Morrisons has this morning announced a new supply deal with Amazon.

European sugar crisis imminent?

A sugar supply crisis in Europe is almost certain, bakers have been warned.

New coffee shop and eatery for Blackpool

Tower Coffee Company, a new 1,500 sq ft coffee shop and eatery, will be opening in the Lancashire town of Blackpool.

Greggs Northern Ireland expansion marches on

Signs were put up yesterday at the Applegreen service station located on the M1 just outside Lisburn, advertising a Greggs shop.

Yorkshire bakery suppliers join forces

The bag-sealing equipment manufacturer Select Bag Sealers (SBS) has been acquired by specialist tape manufacturer ProSpool.

New £3.6m expansion for Scottish bakers Bells

Family-run bakers, Bells Food Group, is looking to recruit up to 30 workers as part of the expansion plan.

Predicted growth for out-of-home foodservice market

The British out-of-home (OOH) foodservice market will grow visits by 1.6% in 2016, according to global information company, The NPD Group (NPD).

Food firms sign letter opposing Brexit

A clutch of leading food firms have joined nearly 200 business leaders saying leaving the European Union would threaten jobs and put the UK's economy at risk.

Brakes Group sold to US firm for £2.2bn

Brakes Group, the food supplier that had purportedly been considering a flotation, has been sold to US company Sysco in a deal worth $3.1bn (£2.2bn).

ABF: earnings per share will miss targets

Associated British Foods (ABF), parent company of bakery brand Kingsmill, has warned that earnings per share will be lower than expected for its half year results, due out in April. 

Worst ever quarterly sales fall for Asda

Asda has seen sales fall 5.8% during the three months that include Christmas - its biggest quarterly sales fall on record.

Sainsbury’s leads the way by scrapping multi-buys

Sainsbury’s has become the first of the major supermarkets to commit to phasing out multi-buy deals, after mounting evidence that shoppers find them confusing and misleading. 

Tower Bakery agrees deal to supply local Tesco stores

Perth-based Tower Bakery has agreed a deal to supply Tesco with traditional Scottish bakery treats.

Supermarket special offers to be banned?

Major supermarkets are under official investigation after it emerged that questionable special offers encouraged shoppers to spend, not save.

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