All Finance articles – Page 6
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News
Caffè Nero now trading above pre-pandemic levels
The business announced UK sales of £150m in the last six months, an increase of 17% year-on-year.
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Finsbury Food Group acquires snowballs maker Lees
Finsbury has bought the Scotland-based meringue and teacake specialist in a £5.7m deal
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Welsh cake supplier revamps its production facility
The Flint-based business has invested in new equipment following support from the government’s Food Business Investment Scheme
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Bakery deals bolster declining M&A activity in 2022
Mergers and acquisitions in the food and drink industry fell sharply compared to 2022 but was propped up by bakery deals including Grupo Bimbo’s
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CMA unwinds Jus-Rol takeover by Cérélia
The Competition and Markets Authority ruled that the deal could leave UK retailers and shoppers facing higher prices and lower quality products, but Cérélia intends to appeal
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Premier Foods cakes sales dented by Cadbury production line problems
Branded cake sales declined in last quarter but non-branded sales continued their strong growth
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Bread prices: average cost of white loaf up 5p in a month
Shoppers paid an average of £1.46 for an 800g unwrapped white loaf in December, up from £1.41 the previous month
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Cost price increases: how are retailers responding to bakers’ requests?
Groceries Code Adjudicator calls on suppliers to answer the 2023 groceries sector survey
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Baking industry calls for further action on energy scheme
Trade groups warn that higher energy costs and a lack of clarity in parts of scheme will leave bakers considering their future
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Energy bills discount scheme ‘could be disaster for small businesses’
Trade bodies voice concern over reduction of support for small business and call for clarity on how the new scheme will be applied
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Warrens Bakery reports strong performance following end of CVA
Turnover up 30% to £12.5m as Cornish pasty retailer reports a “significant” increase in profitability
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Energy bill discount scheme for businesses announced
Businesses in sectors with high levels of energy use will be able to apply to receive a higher level of discount
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Greggs unveils new vegan products as sales soar
Total sales in 2022 grew by 23% despite strikes and adverse weather in Q4 with plant-based lines contributing more significantly, the business said
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Feature
Bakery leaders outline challenges and opportunities for 2023
Inflation and labour shortages continue to challenge the baking industry but there are opportunities up for grabs
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Own-label bread contract boosts Jacksons bakery sales
Co-op supply deal helps increase William Jackson Food Group turnover by more than a third
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William Reed acquires Retail Week and World Retail Congress
The titles will sit in the firm’s Retail and Manufacturing business unit, which includes British Baker and Food Manufacture
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Bakery in review: the big investments of 2022
A round-up of some of the biggest investments and funding deals announced in the past 12 months
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Bakery in review: mergers and acquisitions in 2022
Biscuits and gluten-free were among the categories to be shaken up thanks to a series of mergers and acquisitions
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How much have bread prices increased in the past year?
The average price of an 800g loaf of sliced white bread has risen 28% in the past 12 months, ONS data shows
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Real Good Food revenues down 20% in ‘perfect storm’
Lower volumes and rising costs have contributed to a fall in revenue for the Renshaw and Rainbow Dust Colours owner