Finance

Pieminister returns to profitability

Pieminister, the luxury pie manufacturer and restaurant chain, has reported profits of £99,000 for the 12 months to 31 March 2015, reversing the previous year’s loss of £109,000.

Looking Forward: 2016 trends and threats

Review of the Year: Part 2

Sadly, 2015 could not all be about good news. It was a tough year for craft bakeries and even mighty brands like Hovis found themselves needing to cut costs. This was also the year the health debate around sugar erupted, with the full effect perhaps yet to be felt in 2016.

Review of the Year: Part 1

The past year has produced plenty to celebrate for our industry, with strong investment in production equipment, moves to propagate the next generation of bakers and, to cap it all, the best British wheat harvest on record. British Baker looks back over the top 10 successes of the year.

Baked goods sales to tumble 5% by 2020

UK sales of bread and baked goods are set to fall by 5.3% over the next five years, according to a report by market insight company Mintel, with market value dropping from £3.9bn to £3.7bn.

Cake sales fall in run up to Christmas

Christmas cake and pudding sales have slumped in the run up to Christmas, down 5.3% on last year for the two weeks to 12 December.

Richard Watts, founder and managing director at Destiny Foods
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Destiny Foods to triple storage with new warehouse

Destiny Foods, the Manchester-based foodservice patisserie firm and distributer, has bought a 30,000sq ft warehouse which it says will triple its storage capacity.

Greggs has recently opened its 100th franchise store
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Greggs opens 100th franchise store

Greggs, the high street bakery, recently passed 100 franchise stores as it opened another partnership with fuel station forecourt manager Euro Garages.

Starbucks UK has seen pre-tax profits rise to £34.2m for the year to 27 September
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Starbucks UK’s profits leap forwards

Starbucks UK has seen year-on-year pre-tax profits jump £32.2 million to reach £34.2m in the year to 27 September.

Coffee shops forecast to reach £15bn in next 10 years

Britain’s love affair with coffee looks set to continue with the UK coffee shop market expected to be worth over £15bn by 2025, according to the latest report from Allegra World Coffee Portal.

Andy Underwood and Alastair Macphie, managing director and chairman at Macphie
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Macphie doubles profit in bullish year

Macphie, the Scottish-based bakery and food ingredients manufacturer, has seen profits and sales increase off the back of weaker dairy prices.

2 Sisters sees quarterly drop in sales and profits

Boparan Holdings – the owner of 2 Sisters Food Group, which runs Holland’s Pies and Fox’s Biscuits, saw sales slump by 3.5% to £778.3m in the three months to 31 October.

Derek Ferrol, founder of EasyRecruitUK
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Recruitment firm urges flexibility ahead of Living Wage

The founder of a Glasgow-based recruitment agency for the food and drink and hospitality industries has warned that businesses need to adopt a “flexible labour mode” ahead of the National Living Wage (NLW).

Sainsbury's was the only one of the Big Four to post sales growth for the 12 weeks to 6 December
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Sainsbury’s bucks Big Four downward trend

Sainsbury’s was the only Big Four supermarket to show growth for the 12 weeks to 6 December 2015, up 1.2% to achieve a market share of 16.7%.

London bakery goes cashless

Sweet Things will be the first London eatery not to accept cash payments when it opens in Notting Hill on 4 January.

Double-digit revenue growth for The Bread Factory

The Bread Factory has reported another year of double-digit growth, with revenue up 25% from £36.1m to £45.1m.

Kingsmill loaves back on Tesco shelves

Tesco has relisted several of Kingsmill’s core branded bread loaves, nine months after they were cut as part of supermarket’s ‘Project Reset’ simplification of its SKUs.

Jamaica Blue, the coffee chain, is to open four new stores next year
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Australia franchise café firm reveals UK expansion plans

Jamaica Blue plans to open four new cafés in ‘affluent’ areas of the UK in 2016.

Pieter Totté, executive chairman at RGF
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RGF buys sports supplements brand

Real Good Food (RGF), the food ingredients and bakery supplier, has bought ISO2 Nutrition, the sports supplements brand, for a nominal amount.

Warburtons finalises five-year wheat contracts

Warburtons, the bakery giant, has today announced the finalising of new wheat-growing contracts with more than 300 British farmers.

Costa Coffee reports Q3 sales growth

Costa Coffee, the Whitbread-owned café chain, has posted UK like-for-like (LFL) sales growth of 2.5% for the 13 weeks to 26 November 2015.

Costa Fresco focuses on food
  (Photo: debcaldow )

Costa launches Fresco

Costa Coffee has launched a new concept which focuses on food-to-go sales.

Whitbread announces new non-executive director

Whitbread, the group that owns Costa Coffee and Premier Inn, has appointed Chris Kennedy as a non-executive director.

Fiona Kendrick, president of the Food and Drink Federation (FDF) and chief executive and chairman of Nestlé UK and Ireland
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FDF president pledges to treble apprenticeships

Fiona Kendrick has announced a pledge to treble apprenticeships in the food and drink industry and grow value-added exports a third by 2020.

Independent bakers missing out on Bake Off opportunity

High street bakery outlets are failing to cash in on a surge in consumption of sweet-tasting bakery and dessert products, in a trend driven by The Great British Bake Off.

Brains gains £85m to expand Coffee#1 chain

Drinks and hospitality firm Brains has been given an £85m funding packing to help accelerate the roll-out of its coffee chain business Coffee#1.

Michael Carr, new sales director at Edme
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Edme appoints new sales director

The malted ingredients producer Edme has announced that Michael Carr is to be its new sales director. 

Caffè Nero acquires London sites

Caffè Nero, the high-street coffee chain, has acquired three London sites from struggling café business Harris + Hoole.

Aryzta enjoys Q1 revenue growth

Aryzta, the Irish-Swiss bakery group, has reported a 6.1% rise in revenue to €995m (£701m) for the three months to 31 October.

MPs back sugar tax, but industry fights back

A group of MPs has thrown its weight behind a proposed tax on sugary drinks to battle child obesity – along with other measures.

Another record year for Patisserie Holdings

Patisserie Holdings, the company behind a host of high street chains, has delivered another “record” year after its underlying profit increased by 22% to £18.8m.

Industry reacts well to Autumn Statement

Leading industry figures have responded favourably to the Chancellor George Osborne’s Autumn Statement but raised concerns over the impact of a new Apprenticeship Levy.

Country Style buys up former bagel firm’s assets

Country Style Foods has acquired the assets of the recently collapsed Ixxy’s Bagels for an undisclosed sum.

Iain Anderson, new national account manager at New Britain Oils
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New Britain Oils hires expert to lead foodservice expansion

New Britain Oils, the Liverpool-based sustainable palm oil producer, has appointed Iain Anderson as national account manager.

Hovis considers more cuts to combat an expected fall in demand
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Hovis threatens to cut more Wigan jobs

Hovis workers in Wigan have been hit with fresh woes after it was announced cut-backs were putting 111 jobs at risk.

SSP reports 3.7% LFL growth

SSP, the travel location food and drink brand operator, has reported a like-for-like (LFL) sales increase of 3.7% for the year ended 30 September 2015.

Finsbury celebrates 78.1% revenue increase

Finsbury Foods, the retail and foodservice bakery group, has reported UK bakery revenue growth of 8.7% for the first four months of its financial year.

Paul and Katrina Allan of Murdoch Allan with Brian O'Shea of Asda (centre)
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Scottish bakers celebrate Asda listings

Three Scottish bakeries are celebrating new listings worth an estimated £275,000 in total as Asda grows its locally sourced bakery range.

Ian Firth (left), business development manager for Bibby Distribution, shakes hands with Mark Owen, logistics director at Roberts Bakery
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Roberts Bakery secures logistics deal

Roberts Bakery, the Cheshire-based firm, has agreed a deal with logistics provider Bibby Distribution, which will allow it to supply customers further afield than ever.

Genius buys frozen pie producer

Genius Food, the gluten-free bakery, has bought frozen pie-producer Chapel Foods in a £3.5m deal.

Greencore Group has recorded a 10.6% rise in group operating profits
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Greencore announces factory investment following strong sales

Greencore Group, the convenience food manufacturer, has reported a 10.6% rise in group operating profits to £91.7m for the year ended 25 September 2015.

Bakkavör sees revenue and underlying profit growth

Bakkavör, a leading food manufacturer, has unveiled 16% growth in its third-quarter underlying profit.

Losses surge at Tesco coffee shop offshoot

Tesco is having to commit millions of pounds to keep solvent a rapidly expanding, loss-making coffee chain it part owns.

City analyst upbeat over Premier’s latest results

A leading City analyst has described the turnaround in revenue at Premier Food as “no mean feat” given the challenging FMCG climate.

UB invests £15m in export drive

United Biscuits (UB) is planning to invest £15m to increase capacity at its biggest factory next year and is forecasting a 50% increase in its exports by 2020.

Asian snacks firm gains funds for new production centre

An Asian sweets specialist has set up a manufacturing hub in Birmingham after securing a six-figure funding package from Barclays.

AB Mauri unveils new Centre of Excellence

Bakery ingredients supplier AB Mauri has officially opened its new Centre of Excellence.

Bakkavör increases workforce as sales rise

Bakkavör Desserts is to hire 160 extra staff members to help meet demand following an increase in sales.

Muffin Break has opened a store in Newport
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Muffin Break opens second Welsh store

Muffin Break, the bakery café, has opened its second Welsh store in Newport as part of rapid expansion plans to open 14 stores by the end of 2016.

Aldi and Lidl now hold a combined market share of 10%
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German discounters continue to thrive

Aldi and Lidl, the German discounters, hit a combined market share of 10% for the first time, according to a Kantar Worldpanel report.

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