All Finance articles
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NewsStrong growth for Mr Kipling as its signs US deal
Premier Foods has signed an agreement with Weston Foods to sell and market Mr Kipling cakes in the US as it reveals the brand is on track for ‘another record year’
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Finsbury Food Group retail growth offset by foodservice
Overall sales are down 4.1% against a ‘strong comparative period’ in 2019 with growth in retail offset by continuing challenges in foodservice
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Bakkavor reports UK sales dip of 5.3% for 2020
The business, which produces desserts, pizza and bread, saw UK like-for-like sales fall 5.3% in 2020 as the market shows signs of recovery
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Real Good Food ‘stronger and more resilient’
The Renshaw and Brighter Foods owner said improved Q3 trading demonstrated encouraging progress for the business, despite some near-term challenges due to Covid-19
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Samworth Brothers extends stake in Higgidy
The pie maker will remain a separate business and continue to operate from its manufacturing base in Shoreham-by-Sea
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Pendergrast joins Pukka as head of retail
The pie brand boosts its senior team as it reveals a rise in year-on-year sales
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Greggs predicts slow recovery as sales fall £357m
The business reported a drop of £357m in sales for the 2020 financial year as it predicts profits won’t recover until at least 2022
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Jestic and MKN agree distribution deal for combi ovens
Through the deal, Jestic Foodservice Solutions will distribute the German manufacturer’s combi ovens to the UK market
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Feature
Bakery in review 2020: October to December
As 2020 draws to a close, we take a look at some of the biggest stories of the past three months
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Kudos Blends secures small equipment grant
The Shropshire-based company, which specialises in leavening agents, has used the grant to purchase a texture analyser
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SSP Group sales halve amid Covid pandemic
The travel specialist, which counts Upper Crust amongst its portfolio, is taking ‘extensive action’ to protect staff and reduce costs as like-for-like sales fall 50.8% for the year ended 30 September 2020
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Real Good Food marks trading improvement
The Renshaw and Brighter Foods owner has reported third-quarter sales were in line with board expectations
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Premier Foods plans £1.4bn capital reduction
The proposed move by the maker of Mr Kipling cakes is designed to allow greater flexibility in paying dividends and managing capital
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BGF invests £7.7m in Cooplands expansion
The latest financial boost from the growth capital investor adds to the £8.5m commitment three years ago, as the bakery chain plans more store openings
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Feature
Why is bakery so attractive to private equity?
November saw historic bread brand Hovis and Addo Food Group, which owns Pork Farms and Wall’s, bought by private equity firms. So, why is it such a good opportunity for these types of investors?
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Aryzta Q1 sales fall 20% as foodservice struggles
Improvements in retail and QSR channels at Aryzta have been offset by foodservice losses as a result of Covid-19, but the company has begun its journey back to ‘improved performance’
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Crust & Crumb invests £5.8m in Fermanagh bakery
The pizza specialist, based in Fermanagh, will use the money to create an NPD kitchen, extend its packaging and production areas and enhance automation
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Management shake-up at Aryzta as CEO exits
Aryzta has appointed restructuring and transformation officers, as chair of the board, Urs Jordi, steps into the role of interim CEO after Kevin Toland left
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Cake Box profits dip but online sales soar
Store closures due to lockdown took their toll on Cake Box’s H1 figures, but it is confident of making progress in H2 as online sales rise
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Finsbury Food Group sales ‘significantly’ recover
The business expects to deliver sales and profit growth in the current financial year, it said in a statement ahead of its AGM, assuming an effective Brexit deal can be reached
