All Finance articles – Page 12
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NewsLove Brownies enters liquidation
The Yorkshire-headquartered business, which was battling rising costs and recruitment issues, has restructured after appointing a liquidator in late July
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NewsUrban Legend partners with Tesco and secures £7m in funding
The investment will be used to build a high-tech factory in West London to service the partnership and scale further over the coming months
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NewsGreggs interim results: sales soar but profits are flat
Greggs reported sales of £694.5m for the first half of the year with plans to further expand its estate and manufacturing capabilities in the second half of the year
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NewsCardiff’s Pettigrew Bakeries and Friends in Knead merge
The deal will see Friends in Knead’s outlets switch to Pettigrew Bakeries branding and will ‘offer the best of both bakeries’
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NewsFinsbury Food Group reports record full-year sales
Sales at the bakery manufacturer are up 13.9% despite the business facing ‘exceptional macroeconomic and inflationary headwinds’
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NewsStrong first quarter for Premier Foods with sales up 6%
Revenue for the Mr Kipling owner reached £197m for the 13 weeks ended 2 July 2022, with sweet treat sales up 5.1% to £55.4m
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NewsSSP Group’s pandemic recovery aided by travel resurgence
The travel food and drink operator’s revenue reached 87% of 2019 levels for the third quarter of the financial year, its latest trading update has revealed
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NewsBakery students benefit from ABST and CBA expenses grant
The allowance to help pupils with expenses accrued during work placements or industry event attendance has helped three people since its inception
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NewsCake maker Eat My Logo eyes expansion following mentoring
The Chorley-based firm has revealed plans to sell its branded baked goods direct to the trade, hospitality and catering sectors after growing its turnover by half and increasing its output
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NewsWarburtons accounts show rising costs affected 2021 profit
The bakery giant increased its turnover, but operating profit was down slightly on the previous year due to a combination of Covid-19, costs, and labour shortages
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NewsPret regional focus pays off as H1 sales boom
The coffee and sandwich chain achieved sales of £357.8m for the period, with revenue outside of London outstripping growth in the capital
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NewsBako combines regional divisions into one company
Bako North Western, Bako Northern & Scotland, and Bako South Eastern will now operate as Bako Ltd to ‘better reflect the company’s national footprint’
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NewsLotus Bakeries acquires sourdough cracker firm Peter’s Yard
Peter’s Yard will join the Lotus Natural Foods business with current joint managing directors handing over to Jean-Baptiste Robert
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NewsPatisserie Valerie lawsuit ‘settled’ with Grant Thornton
A report has revealed that administrator FRP Advisory resolved its claim against the accountancy firm in a confidential deal last year
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NewsCake Box CEO celebrates strong annual sales figures
The company has posted a 50.7% increase in revenue for the 12 months up to April 2022, with gross profit up 41% to £15.8m
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AnalysisCan these challenger brands become the next bakery giants?
From HFSS-compliant snacks to indulgent treats – can these up-and-coming products go toe-to-toe with baked goods from the industry’s big hitters?
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NewsBradford pie maker Stobarts closes after 150 years
The company had been operating from a freehold facility in West Yorkshire supplying own brand and white label pies, sausage rolls and other meat products
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NewsBrace’s Bakery rolls out production from new £4m line
The installation allows the Welsh family business to produce up to 16,000 bread rolls, tea cakes and hot cross buns an hour
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NewsUnited Biscuits posts drop in revenue of nearly 2% for 2021
The Pladis-owned company also saw profitability drop from the previous year’s figures, although sales were still above pre-pandemic levels
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NewsWrights sweet bakery growth sees £1m investment
The manufacturer is installing a second double drum spiral freezer to process high volumes of cookies and doughnuts while maximising existing production space