All Finance articles – Page 107
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News
City analyst: Premier job losses will improve profitability
A leading City analyst has welcomed the move by Premier Foods to cut 900 jobs and close two bakeries, describing it as a “decisive move to improve long-term profitability”.
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Unions call for urgent talk with Premier
Unite has called for urgent talks with the bosses of Premier Foods following the announcement it will cut 900 jobs from its bread division.
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NewsCaffè Nero eyes 700 stores in UK
Caffè Nero says that the UK coffee shop market could support 700 Nero stores - 100 more than it said this time last year.
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NewsFinsbury’s share placing raises £3.9m
Finsbury Food Group has placed and subscribed more than 10 million new ordinary shares, raising approximately £3.9m before expenses.
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Britvic and AG Barr form new business
Britvic and AG Barr have agreed a merger deal worth around £1.4bn.
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Product News
Strong performance for Real Good Food
Revenues at The Real Good Food Company have increased by almost £9.6m to £137.8m in its latest half-year financial results.
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Product News
Carr’s profits hit by market volatility
Carr’s Milling Industries has attributed a 64.9% drop in profit before tax to £400,000 to over-capacity in the flour milling industry and volatile wheat costs.
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Product NewsTate & Lyle reports half-year sales increase
Tate & Lyle has seen a 6% lift in sales to £1.6bn in its latest half-year results.
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NewsMorrisons sees sales dip
Morrisons saw total sales down 0.4% in the 13 weeks to 28 October 2012, as fragile consumer confidence continued to take its toll.
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Product NewsRevenue growth but profits fall for Barry Callebaut
Barry Callebaut has reported a 5.2% decline in net profit to CHF241.1m (£160.1m) as part of its full-year results.
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Product NewsABF reports profit fall for grocery and ingredients
Associated British Foods (ABF) has reported a decline in profits for its grocery and ingredients divisions, despite an 11% rise in group revenue to £12.3bn.
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NewsBakery boosts M&S’ food sales
Marks and Spencer’s (M&S) new in-store bakeries helped drive sales in its food department, which were up 3.4% for the first half of the year.
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Discounters grab bigger slice of grocery market
Two of the big four supermarkets are feeling the pressure of market share, as discount retailers continue to increase grocery sales.
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Premier Foods appoints non-exec director
Premier Foods, the embattled food group behind the Hovis brand, has appointed a new non-executive director.
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Frozen bakery sales fall for Canada Bread
Canada Bread’s frozen arm saw sales drop 4.2% to C$123.8m (£77.1m), after lower volumes were sold in its UK business in the third quarter.
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Sargents approved as buyer for Boparan Xmas pud business
Sargents Bakeries is to buy Boparan Holdings’ Avana Christmas pudding business, following approval from the Office of Fair Trading (OFT).
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Ukraine places ban on wheat exports
Ukraine will not export any wheat from 15 November, the country’s agriculture minister confirmed this week.
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NewsHovis buyer sought by Goldman Sachs?
Hovis is being positioned for sale, with investment bank Goldman Sachs brought in to seek out buyers, it has been reported.
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News
CSM takes next steps in bakery divestment
CSM Global has announced an Information Memorandum will be sent out to a select number of potential buyers of its Bakery Supplies business, from today.
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NewsPremier says goodbye to £75m bread contract
Premier Foods has revealed that it will not be renewing a £75m bread contract with a multiple retailer from mid-2013, as it looks to focus on more profitable operations.