All Finance articles – Page 22
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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
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NewsPendergrast joins Pukka as head of retail
The pie brand boosts its senior team as it reveals a rise in year-on-year sales
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NewsGreggs predicts slow recovery as sales fall £357m
The business reported a drop of £357m in sales for the 2020 financial year as it predicts profits won’t recover until at least 2022
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NewsJestic and MKN agree distribution deal for combi ovens
Through the deal, Jestic Foodservice Solutions will distribute the German manufacturer’s combi ovens to the UK market
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FeatureBakery in review 2020: October to December
As 2020 draws to a close, we take a look at some of the biggest stories of the past three months
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NewsKudos Blends secures small equipment grant
The Shropshire-based company, which specialises in leavening agents, has used the grant to purchase a texture analyser
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NewsSSP Group sales halve amid Covid pandemic
The travel specialist, which counts Upper Crust amongst its portfolio, is taking ‘extensive action’ to protect staff and reduce costs as like-for-like sales fall 50.8% for the year ended 30 September 2020
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NewsReal Good Food marks trading improvement
The Renshaw and Brighter Foods owner has reported third-quarter sales were in line with board expectations
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NewsPremier Foods plans £1.4bn capital reduction
The proposed move by the maker of Mr Kipling cakes is designed to allow greater flexibility in paying dividends and managing capital
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NewsBGF invests £7.7m in Cooplands expansion
The latest financial boost from the growth capital investor adds to the £8.5m commitment three years ago, as the bakery chain plans more store openings
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FeatureWhy is bakery so attractive to private equity?
November saw historic bread brand Hovis and Addo Food Group, which owns Pork Farms and Wall’s, bought by private equity firms. So, why is it such a good opportunity for these types of investors?
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NewsAryzta Q1 sales fall 20% as foodservice struggles
Improvements in retail and QSR channels at Aryzta have been offset by foodservice losses as a result of Covid-19, but the company has begun its journey back to ‘improved performance’
