All Finance articles – Page 15
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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
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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
