All Finance articles – Page 11
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NewsReal Good Food undertakes ‘radical reform’ to cut costs
The cake decoration specialist is hunkering down in anticipation of a ‘very challenging and loss-making year’ ahead
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NewsSoaring costs force Vale of Mowbray into administration
Rising energy and ingredients costs lead to collapse of business that had been producing pork pies for almost 100 years
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NewsPladis suffers 7% global revenue drop for 2021
The McVitie’s owner’s sales in the UK were also down, with the company admitting market conditions were challenging
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NewsBross Bagels eyes growth with second crowdfunding campaign
Founder Larah Bross has set out to raise £150,000 in the next four weeks, with funds earmarked for the wholesale arm of the business
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NewsBakery trade bodies respond to energy bill relief scheme
The scheme, which will see a discount applied to gas and electricity for businesses, has been cautiously welcomed but bakery trade bodies urge the government for longer term action
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AnalysisCan bakeries survive rapidly rising costs?
Rocketing energy prices, wheat prices going up and a shortage of skilled workers are just some of the problems facing the baking industry
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NewsIngredients firm R&W Scott now a Living Hours employer
The Lanarkshire bakery supplier is the first food manufacturer in the UK to make this commitment, according to Living Wage Scotland
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NewsKrispy Kreme fined after metal is found in doughnut
The business was prosecuted for food hygiene offences after metal from a mixer was found in a doughnut sold in Melton Mowbray
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NewsBakkavor hails strong revenue despite inflationary pressure
The sandwich, pizza and dessert manufacturer said its sales momentum was strong, with a 7.9% UK rise led by price increases
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NewsBaker & Baker acquires Portuguese bakery Peipen
The deal for the pastel de nata maker represents the first strategic acquisition by the company since launching as a standalone business in 2021
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NewsDoves Farm Food acquires Wessex Mill brand
Wessex Mill will be added to Dove’s existing line-up of brands, comprising Freee gluten-free food and flour and Doves Farm organic food and flour
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NewsSeasons Bakery on energy crisis: it’s going to be hell for years
Seasons Bakery owner Daniel Nemeth discusses the situation facing his and other bakery businesses, and asks for government support to help keep the industry afloat
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NewsCake Box warns profits will be significantly below forecasts
The celebration cake specialist said the lower expectations were due to the “worsening outlook” and increasing cost of living pressures on the consumer
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NewsMacphie completes £4m refurbishment of Tannochside factory
The ingredients supplier has completed a refit and layout change of the site which produces inclusions for the ice cream and frozen dessert market
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NewsBakery investor Mission Ventures launches new funding scheme
The Good Food Programme, a collaboration with Impact on Urban Health, will offer equity-free funding to 10 start-up founders in a bid to make healthier food options more accessible
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NewsBakeries in Scotland face ‘existential threat’ due to soaring costs
Scottish Bakers has called for urgent action from the government to support the baking industry as it faces unprecedented challenges
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NewsKingsmill to fund healthcare training for third year running
The bread giant has so far met the full training costs for 16 healthcare roles, with a further eight in Lincolnshire now agreed
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NewsWarrens Bakery completes Company Voluntary Arrangement
The Cornwall-headquartered business has now paid off creditors according to the terms of the CVA implemented in December 2019
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NewsHovis finances hit by ‘significant’ cost increases in 2021
While revenue edged up slightly from 2020’s £360.7m to £361.2m for 2021, EBITDA dropped 73% from £13.8m to £3.7m
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NewsBaker & Baker signs deal with UAE distributor
Initially Baker & Baker will roll out its American sweet bakery range, including doughnuts and muffins from its core portfolio, into the UAE with further lines to be introduced in due course