All Finance articles – Page 17
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NewsFinsbury Food Group posts encouraging first half performance
Revenue is up 14.7% to £190.9m for the six months to 31 December 2022 despite broadly flat volumes
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NewsCornish Bakery set to open six new branches
Independent chain reports record sales and profit margins across its tourism locations, achieving £3.1m profit before tax
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NewsLaw firm claims bakers may be in line for energy bills compensation
Lawyers allege energy suppliers offered payments to brokers to sign up customers, ignoring whether energy was cheaper for users
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NewsJones Village Bakery opens £2m pancake production line
The Wrexham-based business can now ramp up production to 75 million pancakes a year to meet growing demand
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NewsBakers showing resilience despite cost pressures
Trade groups, including the Craft Bakers Association, say the number of bakery closures is not above normal levels
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FeatureHow regenerative farming can help boost bakery sustainability
Bakers and millers are showing a growing appetite for grains grown using regenerative farming methods that improve soil health
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NewsFrank Dale boosts capacity with £400k equipment investment
The frozen food specialist has invested in include blast freezers, automated quiche cutters, a metal detector and pastry mixer
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NewsHow council grants helped Bruno’s Bakery expand
Warwickshire business has increased workforce from 14 to 34 after taking on new premises
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NewsScottish pie and biscuit firms get funding for reformulation
Bells Food Group and Border Biscuits are among 13 Scottish food and drink producers to receive funds as part of FDF Scotland’s Reformul8 Challenge Fund
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NewsReids Bakery wins six-figure Virgin Atlantic shortbread deal
Four types of shortbread produced by the Thurso-based bakery will be offered to passengers aboard the airline
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NewsCaffè Nero now trading above pre-pandemic levels
The business announced UK sales of £150m in the last six months, an increase of 17% year-on-year.
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NewsFinsbury Food Group acquires snowballs maker Lees
Finsbury has bought the Scotland-based meringue and teacake specialist in a £5.7m deal
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NewsWelsh cake supplier revamps its production facility
The Flint-based business has invested in new equipment following support from the government’s Food Business Investment Scheme
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NewsBakery deals bolster declining M&A activity in 2022
Mergers and acquisitions in the food and drink industry fell sharply compared to 2022 but was propped up by bakery deals including Grupo Bimbo’s
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NewsCMA unwinds Jus-Rol takeover by Cérélia
The Competition and Markets Authority ruled that the deal could leave UK retailers and shoppers facing higher prices and lower quality products, but Cérélia intends to appeal
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NewsPremier Foods cakes sales dented by Cadbury production line problems
Branded cake sales declined in last quarter but non-branded sales continued their strong growth
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NewsBread prices: average cost of white loaf up 5p in a month
Shoppers paid an average of £1.46 for an 800g unwrapped white loaf in December, up from £1.41 the previous month
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NewsCost price increases: how are retailers responding to bakers’ requests?
Groceries Code Adjudicator calls on suppliers to answer the 2023 groceries sector survey
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NewsBaking industry calls for further action on energy scheme
Trade groups warn that higher energy costs and a lack of clarity in parts of scheme will leave bakers considering their future
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NewsEnergy bills discount scheme ‘could be disaster for small businesses’
Trade bodies voice concern over reduction of support for small business and call for clarity on how the new scheme will be applied