All Finance articles – Page 19
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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
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NewsBaking industry reacts to Rishi Sunak’s 2021 budget
An extension to the furlough scheme to September and additional support for work placements have been welcomed by the baking industry
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NewsVillage Bakery secures private equity investment
The family-run business is set for expansion, including the creation of 115 jobs, following investment by private equity firm Limerston Capital
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NewsPukka invests £4.5m in Leicestershire factory
The investment comes as the pie manufacturer reveals a rise in turnover and profit for the year to May 2020
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NewsCost reduction continues at Allied Bakeries
Owner ABF said a cost reduction programme would be implemented at Allied Bakeries to mitigate the contribution loss following its exit from the Co-op contract
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NewsCybake forms alliance with Parallel Purchasing
The partnership will see the two companies work together on procurement cost-saving projects for bakery clients, with Parallel Purchasing using Cybake as its primary procurement software
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NewsFinsbury Food Group optimistic despite revenue fall
Pre-tax profits were also down in the six months to 26 December 2020 but the group is confident it will bounce back as restrictions ease
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NewsHummingbird Bakery bought in pre-pack administration deal
The London-based bakery has been acquired by investment firm Acropolis Capital securing the ongoing operation of three sites
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NewsIrwin’s Bakery extends Lidl Northern Ireland contract
The deal is worth £2.7m annually and has helped Irwin’s increase production, create more local jobs and expand its range of products
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NewsSSP shares dip as it ‘evaluates funding options’
Shares at Upper Crust owner SSP dipped after it said it was evaluating a range of funding options in response to press speculation about a possible equity raise
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NewsWarburtons backs The Artful Baker via Batch Ventures fund
The six-figure investment is the first the partnership between Warburtons and Mission Ventures expects to make in 2021
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NewsGeneral Mills invests in pudding brand Pots & Co
The premium pudding brand is set to expand its US offering across the West Coast and Rocky Mountain region following the investment
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NewsFood-to-go slump continues for Greencore
Q1 results show a 21.7% revenue drop in the category but the group says it is well-positioned for recovery
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NewsReal Good Food reports £4m loss in half-year results
The Renshaw and Brighter Foods owner has recorded a 26% drop in revenue for the six months up to 30 September 2020
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NewsStrong growth for Mr Kipling as its signs US deal
Premier Foods has signed an agreement with Weston Foods to sell and market Mr Kipling cakes in the US as it reveals the brand is on track for ‘another record year’
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NewsFinsbury Food Group retail growth offset by foodservice
Overall sales are down 4.1% against a ‘strong comparative period’ in 2019 with growth in retail offset by continuing challenges in foodservice
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NewsBakkavor reports UK sales dip of 5.3% for 2020
The business, which produces desserts, pizza and bread, saw UK like-for-like sales fall 5.3% in 2020 as the market shows signs of recovery
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NewsReal Good Food ‘stronger and more resilient’
The Renshaw and Brighter Foods owner said improved Q3 trading demonstrated encouraging progress for the business, despite some near-term challenges due to Covid-19
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NewsSamworth Brothers extends stake in Higgidy
The pie maker will remain a separate business and continue to operate from its manufacturing base in Shoreham-by-Sea