All Finance articles – Page 103
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NewsProfits fall despite sales increase at Greggs
High street bakery chain Greggs saw pre-tax profits fall by 2.2% in 2012 to £51.9m - despite seeing an increase in sales as it moved into new channels such as wholesale and franchising.
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NewsBakery products strong in 2012 food exports
Bakery products were key performers of the UK’s food exports in 2012 – helping to contribute to the total of £12.1bn in 2012, according to the Food and Drink Federation (FDF).
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NewsSainsbury’s reports 4.3% sales growth
Sainsbury’s has revealed its convenience store and online channels have helped to achieve a 4.3% increase in total sales in the last year.
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NewsPotential sale of Burton’s Biscuit Company
Owners of Burton’s Biscuit Company could be putting the business up for sale for around £300m, according to the latest reports.
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NewsCSM downgrades value of bakery business
CSM has downgraded the valuation of its European Bakery Supplies business (BSEU) by €165m (£143.2m) to €103m (£89m).
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NewsMorrisons to link up with Ocado
Morrisons has announced it is currently in talks with Ocado, as it looks to move into the online retail channel next year.
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KP Snacks acquisition under investigation
The acquisition of United Biscuit’s KP Snacks business by German manufacturer Intersnack is being investigated by The Competition Authority in Ireland.
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Sales up 8.2% at Aryzta
Aryzta, the Swiss-based baked goods firm, revealed this morning that its group revenue for six months to the end of January rose by 8.2% to €2.07bn (£1.8bn).
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NewsCakes contribute to Waitrose’s 12% profit rise
Waitrose posted a like-for-like sales increase of 3.4%, as part of parent company The John Lewis Partnership’s results for the year ended 26 January 2013.
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Product NewsFree-from brand to make UK retail debut
Irish free-from bakery brand BFree has just secured its “first significant retail listing” in the UK, with a launch in 434 Asda stores this April.
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NewsPatisserie Valerie buys Paul’s transport outlets
Patisserie Valerie has acquired seven sites based at London railway stations from rival retail bakery business Paul.
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NewsFinsbury sells £21m free-from business
Finsbury Food Group has sold its free-from business United Central Bakeries to Genius Foods for approximately £21m.
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Canada Bread reports drop in sales
Canada Bread has said sales were consistent with its previous trading year figures, despite a 1.8% drop to $1.57bn (£1.03bn).
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HMV stores help Morrisons M Local expansion
Morrisons has revealed it has acquired six HMV sites as the firm continues to grow its convenience store estate.
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NewsPositive sales growth for Costa
Costa Coffee has highlighted a 22.4% rise in total system sales to £962m during the last year.
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Tesco and Morrisons take tumble in market share
Sainsbury’s is the only supermarket among the top four retailers to improve its market share in the last 12 weeks, experiencing a 4.6% growth rate year-on-year.
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Product News
ABF forecasts better grocery profits
Associated British Foods (ABF) has said profits within its grocery division will be “substantially improved”, benefiting from the non-recurrence of restructuring costs in Allied Bakeries.
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Asda sees marginal increase in LFL sales
Asda achieved a like-for-like sales increase of 0.1% (excluding fuel) in its fourth-quarter trading period.
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NewsPremier Foods: “Rebuild value in bread division a priority,” says Darby
Gavin Darby, chief executive of Premier Foods has revealed plans to launch new packaging for its Hovis brand and will assign a dedicated team to help rebuild its bread division in 2013.
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NewsPremier Foods: “Particularly challenging year for bread sales", says Moran
Mark Moran, chief financial officer at Premier Foods, revealed the firm experienced a particularly challenging year in 2012 for bread sales.