All Finance articles – Page 11
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NewsWarrens Bakery jobs at risk under restructure plans
More than 60 jobs are under threat at Cornish business Warrens Bakery as it looks to boost efficiency.
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Pladis hires former Unilever exec as new finance head
McVitie’s owner Pladis has hired a former Unilever stalwart as its chief financial officer (CFO).
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Mr Kipling sales up 10% as own-label cakes fall a third
Premier Food’s Mr Kipling brand is continuing to grow following last year’s relaunch, with sales up 10% in the past quarter.
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Real Good Food appoints new group finance chief
Real Good Food (RGF) has promoted Maribeth Keeling to the role of group chief financial officer (CFO).
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Product News
Finsbury defies ‘malaise’ in confidence to grow 3.1%
New business wins, organic growth and cost recovery have helped drive Finsbury Food Group’s annual sales to £299.3m.
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Adelie makes £55m loss despite 10% rise in turnover
Turnover has risen almost £23m year-on-year at food-to-go business Adelie Foods – but the firm has made a £54.9m loss before tax.
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Scottish pizza supplier set to boost jobs and capacity
Glasgow-based pizza supplier The Victor Pizza Company is to expand and upgrade its production capability after securing new funding.
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Patisserie Valerie: a further 14 sites are closed down
Patisserie Valerie, which was acquired following the collapse of Patisserie Holdings, has closed a further 14 of its sites.
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Product News
Multivac to take over dough handling specialist Fritsch
Bakery equipment supplier Fritsch Group and its subsidiaries are to be taken over by packaging specialist Multivac.
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Product News
Orkla buys toffee supplier Confection by Design
Bakery ingredients supplier Confection by Design has been bought by Orkla Food Ingredients.
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Warburtons makes £13.5m loss as sales decline 3.5%
Warburtons, which reported £20.7m pre-tax profit a year ago, has made a £13.5m loss as a result of restructuring costs and falling bread sales.
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Two Magpies Bakery sales expected to soar to £2.5m
Sales at Suffolk-based Two Magpies Bakery have soared following the opening of two more sites over the past year.
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Bakery tech start-up CatsAI begins nationwide roll-out
Technology start-up CatsAI is to begin a nationwide roll-out following a pilot which saw it use artificial intelligence (AI) to reduce bakery surplus.
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Minimum salary thresholds for migrants to be reviewed
Post-Brexit immigration plans that sparked fears of a further shortage of low-skilled staff are to be reviewed following intervention by home secretary Sajid Javid.
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Heidi Bakery acquires two Caracoli coffee shop sites
Heidi Bakery is to extend the reach of its products following the acquisition of the Caracoli coffee shop chain.
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Five arrests made over Patisserie Holdings collapse
Five people have been arrested and interviewed by the Serious Fraud Office following the collapse of Patisserie Holdings.
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Bakeries record strongest growth in QSR market
Bakeries have been a star performer in the quick-serve restaurant (QSR) market in the past year.
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Product News
Allied Bakeries set to axe production at Cardiff site
Allied Bakeries is set to end bakery production at its Cardiff site following the loss of its largest own-label bread contract.
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Food Innovations acquired by private equity firm
Cake craft supplier Food Innovations Baking Group has been acquired by global investment firm Ardenton.
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Product News
Samworth Brothers buys minority stake in Higgidy
Ginsters’ owner Samworth Brothers has acquired a minority stake in pie company Higgidy – a move that Higgidy said would accelerate its growth.
