All Finance articles – Page 14
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NewsZinda set for growth after wrapping up six-figure investment
The food-to-go brand said the funds will used to support new retailer listings of its filled wraps as well as marketing and NPD
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NewsGreggs warns of cost pressures as it posts record sales
Cost pressures for the year ahead are ‘more significant’ than expected, but the business is forging ahead with its ambition of having 3,000 shops in the UK
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NewsBakkavor’s 2021 sales outstrip pre-pandemic figures
Like-for-like revenue for the sandwich, pizza and dessert manufacturer totalled £1,886m, representing a 1.2% rise on 2019
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NewsTrade body pushes for pan liners exemption from plastic tax
The Foodservice Packaging Association warns of rising costs because of the tax and is calling on HMRC to remove pan liners from its scope
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NewsResearch reveals how price rises affect shopping habits
Studies on consumer responses to inflation by analyst IRI have revealed opportunities for bakery businesses
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NewsCaffè Nero reports success in new distribution channels
Sales via home delivery, the supermarkets and Amazon could exceed £10m this financial year, according to the coffee shop
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NewsElkes Biscuits sale to Boparan rescues more than 500 jobs
The acquisition from 2 Sisters for an undisclosed sum ends uncertainty over the future of the biscuit maker’s Uttoxeter factory
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NewsRecord sales at Finsbury Food Group but inflation hits profits
Finsbury could have delivered further revenue growth if it weren’t for staff shortages and supply chain disruption, it said, as profits were dampened due to inflationary pressures
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NewsCSM Ingredients buys Italian ingredients firm Hi-Food
The shareholders of Hi-Food will reinvest their proceeds into CSM Ingredients, also taking on roles in the areas of R&D and commercial management
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NewsDr. Schär boosts UK presence with acquisition of GDR
GDR Food Technology managing director Ronnie Stebbings will continue in his current role under the deal which will see Dr. Schär launch fresh bakery products in the UK
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NewsSevere shortages and ‘erratic’ deliveries hit Real Good Food
High levels of absence at the cake decoration specialist, which owns Renshaw and Rainbow Dust, impacted its ability to fulfil customer orders, it said
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NewsCaffè Nero owner buys remaining stake in Coffee#1
The Nero Group has reached an agreement to buy brewery firm S.A. Brain’s remaining 33% stake in the coffee house
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NewsUpfield buys minority stake in egg alternative Oggs
The deal will help Oggs scale up its distribution by leveraging Upfield’s global network and improve R&D in the plant-based protein category, according to the firms
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NewsCMA probes Cérélia buyout of General Mills dough business
The acquisition, including the Jus-Rol brand, has been placed under an Initial Enforcement Order while the watchdog’s work is ongoing
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NewsSSP Group sales recovery dampened by Omicron
The travel food & drink specialist said the first four months of its financial year were ‘good’ despite the impact of Omicron on the travel market
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NewsWarburtons backs Snackzilla with Batch Ventures investment
The children’s healthier cookie brand will receive £250,000 from the bread giant’s 50:50 joint venture with independent business accelerator Mission Ventures
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NewsGreencore Q1 figures reveal return to pre-pandemic levels
Pro forma revenue in the first quarter of 2022 was up 7.5% on the equivalent period of 2019 and 26.4% higher than Q1 for 2021
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NewsHiggidy to invest £10m in site upgrade and expansion
The funds, available following Samworth Brothers’ increased stake in the business, will be used to purchase new equipment and increase the footprint of the Shoreham-by-Sea facility
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NewsPremier Foods raises profit forecast after strong Q3 sales
Both Mr Kipling and Cadbury cake contributed to a rise in branded sweet treat revenue, with an adjusted pre-tax profit of at least £125m now expected for the financial year as a whole
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NewsCaffè Nero completes refinancing with £330m six-year loan
The deal with Carlyle, HSBC and Santander means EG Group is no longer a holder of any of the company’s debt and will allow the coffee chain to grow, it said