All Finance articles – Page 16
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NewsSpanish firm Palacios scoops up dessert supplier Rhokett
The private equity-backed food group has acquired a majority interest in the Kent-based cheesecake specialist, co-founded by the late Gary Rhodes
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NewsBakkavor to pump £13m funding into refrigeration upgrades
The asset finance deal with HSBC has given the green light for the replacement of three plants at sites in Lincolnshire and West Lothian
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NewsScottish bakeries receive funding to make products healthier
J.G. Ross and Bells Professional Pastry are among the recipients of FDF Scotland’s Reformul8 Challenge Fund
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NewsBaking industry reacts to Rishi Sunak’s Autumn budget 2021
Trade bodies including the Federation of Bakers and Craft Bakers Association give their views on the chancellor’s plans
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NewsPuratos accelerates health strategy with Schobbers acquisition
The acquisition of the Netherlands-based seeds and grains supplier will unlock further growth and value while presenting supply chain advantages
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NewsHealthier doughnut brand Urban Legend secures £3m funding
The funding has come from a range of venture capitalists, health charities and angel investors and will be used towards building a new test lab in West London
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NewsStone Bakery invests £4m in Crossmaglen free-from factory
Once complete, the factory would be one of Europe’s biggest gluten-free bakery sites, according to Stone Bakery which aims double its turnover in the next three years
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NewsSt Pierre Groupe breaks £100m barrier in turnover for 2020
The group said all three of its brands had flourished thanks to shifts in consumer attitudes benefiting bakery products
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NewsThe Original Baker eyes growth from six-figure funding boost
The financial package from HSBC UK will allow the North Yorkshire-based pastry specialist to lease a 6,500 sq ft facility and purchase new equipment
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NewsBurton’s Biscuit Co chief encouraged by 11.5% revenue rise
The manufacturer’s annual accounts made up to 26 December 2020 also show the company generated an operating profit of £3.9m
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NewsGreggs eyes evening daypart but warns of rising costs
The business aims to have 500 of its shops open until 8pm by the end of 2022 as part of a plan to double its turnover to £2.4bn by 2026
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NewsCooplands bought by forecourt firm EG Group
The acquisition of the bakery chain, which is headquartered in Scarborough, will see it strengthen EG Group’s foodservice offer and venture into the petrol forecourt market
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NewsWest Cornwall Pasty Co pays pandemic price with £7.1m loss
Sales for 2020 were reduced to £6.1m from £18.7m in 2019, in a year that saw the company permanently close its high street and travel outlets
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NewsCake Box celebrates healthy H1 sales growth
The egg-free cake business posted first-half revenues of £16.4m to the end of September 2021, representing a 91% rise on the lockdown-affected 2020 figure
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NewsExceptional costs force Hovis into the red with £6.3m loss
Revenues increased during the pandemic but one-off costs relating to its sale to Endless as well as improving efficiency dragged down its financial performance
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NewsGreencore buoyed by strong food-to-go sales in Q4
The convenience manufacturer says increasing demand has contributed to a 37% rise in food-to-go revenue compared with the 2020 period
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NewsElkes Biscuits’ Uttoxeter factory faces closure by 2 Sisters
The owner says the site is ‘significantly loss making’ and no longer commercially viable, with more than 500 jobs at risk
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NewsPace of recovery at SSP ‘remains uncertain’, Q4 update shows
Revenues at the travel food and drink operator were around 47% of 2019 levels in Q4 as the business expects sales to return to pre-Covid levels by 2024
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NewsGreggs’ CEO Roger Whiteside reveals expansion plans
British Baker picks out the standout points from Whiteside’s session at the recent Lunch! exhibition, including his expansion plans for Greggs, tapping into the evening occasion and supply chain disruption
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NewsGrant Thornton fined £2.3m over Patisserie Valerie audit
The Financial Reporting Council said Grant Thornton missed “red flags” in the audit of the cake chain’s owner Patisserie Holdings, which entered administration in 2018