All Finance articles – Page 17
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NewsPret injects £100m to help double its business in five years
Revenue for 2020 was down 58% on the previous year but trade is approaching pre-pandemic levels as Pret gets underway with the next phase of its transformation plan
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NewsReal Good Food shows signs of recovery despite £6.1m loss
The Renshaw and Rainbow Dust Colours owner has reduced debt and seen revenues rise during the first few months of its financial year with NPD a strong focus for the future
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NewsFinsbury boosts sales and profits in pandemic recovery
Pre-tax profits rose to £17m thanks to year-on-year growth in its retail division while a slower recovery in foodservice is recorded
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NewsGail’s owner sells stake to investment partnership
Bread Holdings, which is also the parent company of The Bread Factory, has struck a deal with Bain Capital Credit in partnership with Ebitda Investments
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NewsBakkavor revenue now exceeding pre-pandemic levels
The company’s half-year results show like-for-like sales of £924.9m, up 1.2% on the 2019 figure, and adjusted profit of £47m, a 63.8% rise on the equivalent 2020 period
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NewsCybake upgrade provides business intelligence for purchasing
New BI reporting screens have been added to the bakery software system to help users when dealing with suppliers
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NewsBBF acquires tart and pie specialist Sargents Bakeries
The cake manufacturer has bought the Doncaster-based business, which had been experiencing ‘a very challenging time’, for an undisclosed sum
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NewsVillage Bakery opens new ‘super bakery’ in Wrexham
Bread is rolling off the ‘state-of-the-art’ production line at the new 140,000 sq ft bakery which replaces, and improves upon, one destroyed by a fire two years ago
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NewsAmerican Pan eyes UK expansion with Runex acquisition
The industrial baking pans and coating specialist, which is part of Bundy Baking Solutions, has acquired bakeware and coatings services provider Runex
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NewsBatch Ventures-backed The Artful Baker unveils NPD
The Dorset-based bakery has rolled out its first new product since receiving a six-figure sum from the venture fund, which is supported by Warburtons
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NewsWholebake acquired by Elysian Capital III
The snack bar manufacturer has been acquired by the investment fund as part of its purchase of Wholebake’s parent company Healthful Holdings Group
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NewsGreggs 2021 H1 results: what you need to know
From investment in its manufacturing and distribution capabilities to the expansion of its retail estate, we look at the key messages from its interim results
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NewsGreencore to trial plastic-free sandwich packaging
The business will run ‘test and learn’ trials with Sainsbury’s and Co-op for paper-based sandwich packaging. The news comes as Greencore posts its Q3 trading update
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NewsMr Kipling sales continue to rise for Premier Foods
The group’s Q1 trading update showed a 7.5% growth in revenue for the cake brand following sales hitting £150m in the last financial year
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NewsBakkavor buoyed by second-quarter sales figures
The sandwich, dessert and pizza manufacturer said UK like-for-like sales increased 12% compared with the corresponding period of 2020
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NewsWarrens Bakery reports performance improvement
The bakery chain’s latest accounts show turnover stood at £7.4m in April 2021 and a £1.1m EBITDA has been forecast for the year ending 30 June 2021
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NewsChief executive Smith to leave SSP Group
The Upper Crust owner will now begin the process to identify a successor, with the current incumbent stepping down at the end of 2021 for a new opportunity
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NewsWarburtons profits jump 30% during 2020
Volume growth, strong cost management and lower exceptional costs are the reasons the UK’s largest bread brand saw operating profit before tax rise from £18.5m to £24.2m
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NewsAround Noon invests £500k to quadruple bakery operation
The business, based in Northern Ireland, will use the money to acquire and equip a new production site adjacent to its existing facility in Newry
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NewsCake Box posts double-digit growth for third consecutive year
Full-year results for the egg-free cake company showed group revenue grew 16.9% to £21.9m and gross profit was up 23.8% to £10.9m