All Finance articles – Page 24
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NewsNearly 2,200 Adelie Foods staff made redundant
Nearly 2,200 employees at food-to-go specialist Adelie Foods have been made redundant after joint administrators Deloitte were unable to secure a sale for the business as a going concern.
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NewsCakesmiths in Bristol secures funding from Lloyds Bank
Bristol-based Cakesmiths has secured funding from Lloyds Bank amid the Covid-19 pandemic.
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NewsLotus Bakeries ups stake in Natural Balance to 98%
Lotus Biscoff owner Lotus Bakeries has increased its ownership of Natural Balance Foods to 97.9%.
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NewsAdministrators called in at sandwich maker Adelie
Sandwich manufacturer Adelie Foods has appointed administrators Deloitte following the impact of Covid-19 on its business.
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NewsAryzta turnover plunges by 21% due to Covid-19 impact
Covid-19 has caused revenue at bakery business Aryzta to fall more than 20% year on year, the company has reported.
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NewsAryzta shareholders launch bid for board shake-up
Bakery business Aryzta is facing calls from shareholders for a major shake-up of its executive board.
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NewsNeal’s Family wins £5,000 community award grant
Lancashire-based Neal’s Family Bakery has won an award from dating and social networking app Bumble.
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NewsGreencore turnover down 60% as food-to-go crashes
Turnover at Greencore is currently down 60% year on year following the slump in the food-to-go market.
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NewsGovernment to give Trade Credit Insurance guarantee
The government is to temporarily guarantee business-to-business transactions currently supported by Trade Credit Insurance.
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NewsFOB: Furlough scheme vital for foodservice bakeries
The extension of the job furlough scheme has been welcomed by a baking industry suffering from the collapse of the foodservice market.
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NewsAryzta halts production at eight of its bakeries
Aryzta has halted production in eight of its bakeries and furloughed almost a third of its staff to mitigate the impact of the coronavirus outbreak on trading.
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NewsFormer Genesis Crafty boss opens new bakery business
Brian McErlain, who was previously managing director of Genesis Crafty, has launched a new bakery company.
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NewsBaked goods firm Arden sold to management team
Biscuits and baked goods supplier Arden Fine Foods has been acquired by its management team.
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NewsSpeedibake fire results in £25m exceptional charge
A fire that destroyed the Speedibake factory in Wakefield has resulted in a £25m exceptional charge for owner Associated British Foods (ABF).
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NewsBurton’s Biscuits gives staff £100 ‘thank you’ payment
Around 1,800 of Burton’s 2,200 employees received the payment for their work at its five UK production sites.
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NewsPremier workers get extra holiday and £250 bonus
Factory staff at Mr Kipling owner Premier Foods have been thanked by the business for helping it meet exceptional demand during the coronavirus outbreak.
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NewsCake Box says franchisees will recover from lockdown
Egg-free cake specialist Cake Box Holdings has said relatively low levels of rent and overheads will help its franchisee businesses recover from the impact of coronavirus.
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NewsRenshaw furloughs half its staff as Covid-19 hits sales
Renshaw and Brighter Foods owner Real Good Food (RGF) has rationalised ranges and furloughed staff as the Covid-19 outbreak impacts demand for its products.
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NewsGreencore furloughs staff as food-to-go demand falls
A sharp drop in demand for food-to-go has prompted Greencore to introduce a string of measures to reduce costs.
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NewsCoronavirus: What grants are available to bakeries?
Gary Hemming, commercial lending director at finance broker ABC Finance, outlines the ways a bakery might access financial support