All Finance articles – Page 16
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NewsSSP Group losses hit £300m as Covid restrictions take toll
The Upper Crust owner said it had delivered a ‘resilient performance in a very challenging market’ but doesn’t anticipate a return to 2019 levels of trading until 2024
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NewsFerrero firm acquires Burton’s Biscuit Company
As part of the deal the Italian confectionery giant’s company will take over production facilities in Blackpool, Dorset, Edinburgh, Livingston, Llantarnam and the Isle of Arran
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NewsFinsbury on track for £15m profit as it reintroduces dividend
The cake, bread and morning goods manufacturer said the strong trading has been driven by improving volume performance and optimising its bakery operations
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NewsZeelandia UK to acquire fillings specialist John Morley
Production of John Morley’s fruit fillings, mincemeat and more will remain at its Congleton site in Cheshire but it will now fall under Zeelandia’s Flemings division
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NewsMr Kipling sales hit £150m for first time ever
Both Mr Kipling and Cadbury cakes enjoyed ‘a strong year of revenue growth’ while Premier Foods’ non-branded sweet treats sales stumbled
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NewsGü acquired by private equity firm Exponent
The sale, which was for an undisclosed sum, will see the premium dessert brand grow its international presence
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NewsWarburtons unveils £56m investment programme
The investment includes three new distribution centres, a crumpet plant at its Burnley site and electric vans
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NewsSynergy parent Carbery Group acquires Innova Flavors
The international flavours specialist said the strategic acquisition of the Chicago-based firm will expand the savoury capabilities of Synergy worldwide
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NewsGreggs profits steam towards pre-pandemic levels
The business has pushed ahead with its expansion plans opening 34 new shops this year as it says profits for the year could be around 2019 levels
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NewsReal Good Food sells snack bar business Brighter Foods
The Hut Group has bought the snack bar manufacturer for £43m with RGF planning to use its share of the capital to reduce debt and invest in Renshaw and Rainbow Dust Colours
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NewsBaker & Baker launched as standalone firm following CSM sale
The Rhône-owned business will focus on building its share in the American sweet bakery segment
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NewsCake Box to grow its estate after ‘record year’
The business expects to report a double-digit increase in revenue for 2020/21 and is holding franchise deposits for more than 50 sites across the UK
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NewsWarburtons backs Insane Grain in second Batch Ventures investment
The bakery giant has invested £250,000 in the start-up snack company as part of its 50:50 joint venture with independent business accelerator Mission Ventures
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NewsPuratos launches incubator to empower bakery start-ups
The incubator is designed to assist the development of products, services and ingredients in the bakery, patisserie and chocolate sectors
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AnalysisFive things we learned from Greggs full-year results
A Greggs app, new vegan options and custom sandwiches are among upcoming plans revealed in its preliminary results alongside the cost of the furlough and redundancies
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NewsPizza and desserts prove resilient at Bakkavor as sales dip
Bakkavor said the breadth of its portfolio helped it weather a volatile year which has seen its UK revenue fall 5.2%
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NewsGreggs posts £14m loss but vows to open 100 stores this year
The business is forging ahead with plans to open 100 new shops in 2021 despite posting a £13.7m loss for the 2020 financial year
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NewsThe Cheesecake Shop rebrands following business takeover
The Nottingham-based firm is changing its name to The Cake Solution to better reflect its product portfolio as it looks to expand
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NewsSwedish investor secures majority stake in Ulrick & Short
The clean label specialist will continue to act as a standalone business with Adrian Short remaining as CEO, while co-founder Andrew Ulrick retires from his operations role
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NewsAryzta Europe revenue falls 22% due to Covid restrictions
The frozen bakery specialist said revenue and EBITDA ‘ahead of expectations’ thanks to a simplification of its business model which has seen it secure a sale of the North American businesses