All Finance articles – Page 13
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NewsBakkavor, EG Group and Greencore signal growth in FY22 updates
Big bakery players have posted positive figures in recent trading reports while also acknowledging challenging conditions with squeezed household budgets
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NewsSSP welcomes green shoots of recovery in half-year results
The travel food and drink operator reported revenue of £803m for the six-month period ended 31 March 2022, representing a rise of 213% on the 2021 figure
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Product NewsVale of Mowbray invests £4m in operations for Scotch egg launch
The Yorkshire-based pie maker has invested in ‘state-of-the-art’ machinery, including a fryer, and created 30 new roles at its manufacturing site
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NewsChandley Ovens transfers ownership to employees
The transfer of ownership will be completed on 1 June 2022, with the company also moving to a new site in Hyde, Cheshire
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NewsPremier hails Mr Kipling strength but hints at price rise
Further input cost inflation would be dealt with by cost efficiency programmes and increased pricing, said CEO Alex Whitehouse
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NewsGreggs reports sales boost but expects growth to ‘normalise’
The bakery giant said figures in its latest trading update were ‘flattered’ by comparison with the restricted trading conditions in 2021
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NewsWhere The Pancakes Are eyes expansion via crowdfunding
The London-based business is looking to raise £550,000 to increase its number of restaurants across the UK
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NewsBakery market to exceed pre-pandemic levels in 2022
Lumina Intelligence’s Operator Data Index predicts the UK bakery and sandwich market will grow by 12.9% this year, while the coffee shop/café market is expected to grow by 14.4%
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NewsBaker & Baker posts strong results in first standalone year
The company, which split from CSM in April 2021, recorded turnover of more than £375m and growth of 14% for its first 12 months of operation
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NewsReal Good Food performance hit by triple threat
Omicron, costs and shortages have impacted the group’s profitability resulting in a ‘disappointing’ second half to the group’s financial year
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NewsWhite Rabbit earmarks seven-figure fund boost for expansion
The free-from pizza specialist will use the investment from Guinness Asset Management to support an innovation pipeline and above-the-line marketing
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NewsCake Box sales to top previous year by 50%
The celebration cake chain also reported a 41% increase in franchisee online sales during the year to 31 March 2022
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NewsCornish Premier Pasties reports record sales boom
The company expects turnover of £7m in 2022 due to rising demand for savoury baked goods
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NewsFox’s and Burton’s join forces for new biscuit company
The merging of the two firms to form Fox’s Burton’s Companies (FBC) UK follows their acquisition by a Ferrero-related company
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NewsWarrens Bakery declares CVA a success as profit returns
The Company Voluntary Arrangement is expected to be discharged this month as the business post profits of £471k for the year to 30 June 2021
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NewsFranco’s Bakery upgrades equipment with six-figure funding
The Bolton-based business is using the cash from HSBC to invest in eight Farhat machines to expand its product range
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NewsCake Box announces departure of co-founder and CFO
Pardip Dass will be replaced by interim chief financial officer David Forth, with a new chief operating officer and marketing director also appointed
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NewsM&S supplier Four Anjels set for new site with £1.5m funding
The cash injection will facilitate a ‘state-of-the-art factory and bakery’ in Cheltenham as well as increased headcount and product lines
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NewsPremier Foods awards bulk flour contract to Abbey Logistics
The contract will see the logistics firm transport all bulk flour produced at Premier Foods’ Andover Mill to its bakeries across the UK
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NewsCaffè Nero resumes new store programme with two airport sites
Flagship stores in Stansted Airport and Belfast City Airport represent the start of Caffè Nero’s post-Covid new store openings programme