All Finance articles – Page 25
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NewsBakkavor hails strong revenue despite inflationary pressure
The sandwich, pizza and dessert manufacturer said its sales momentum was strong, with a 7.9% UK rise led by price increases
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NewsBaker & Baker acquires Portuguese bakery Peipen
The deal for the pastel de nata maker represents the first strategic acquisition by the company since launching as a standalone business in 2021
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NewsDoves Farm Food acquires Wessex Mill brand
Wessex Mill will be added to Dove’s existing line-up of brands, comprising Freee gluten-free food and flour and Doves Farm organic food and flour
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NewsSeasons Bakery on energy crisis: it’s going to be hell for years
Seasons Bakery owner Daniel Nemeth discusses the situation facing his and other bakery businesses, and asks for government support to help keep the industry afloat
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NewsCake Box warns profits will be significantly below forecasts
The celebration cake specialist said the lower expectations were due to the “worsening outlook” and increasing cost of living pressures on the consumer
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NewsMacphie completes £4m refurbishment of Tannochside factory
The ingredients supplier has completed a refit and layout change of the site which produces inclusions for the ice cream and frozen dessert market
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NewsBakery investor Mission Ventures launches new funding scheme
The Good Food Programme, a collaboration with Impact on Urban Health, will offer equity-free funding to 10 start-up founders in a bid to make healthier food options more accessible
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NewsBakeries in Scotland face ‘existential threat’ due to soaring costs
Scottish Bakers has called for urgent action from the government to support the baking industry as it faces unprecedented challenges
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NewsKingsmill to fund healthcare training for third year running
The bread giant has so far met the full training costs for 16 healthcare roles, with a further eight in Lincolnshire now agreed
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NewsWarrens Bakery completes Company Voluntary Arrangement
The Cornwall-headquartered business has now paid off creditors according to the terms of the CVA implemented in December 2019
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NewsHovis finances hit by ‘significant’ cost increases in 2021
While revenue edged up slightly from 2020’s £360.7m to £361.2m for 2021, EBITDA dropped 73% from £13.8m to £3.7m
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NewsBaker & Baker signs deal with UAE distributor
Initially Baker & Baker will roll out its American sweet bakery range, including doughnuts and muffins from its core portfolio, into the UAE with further lines to be introduced in due course
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NewsLove Brownies enters liquidation
The Yorkshire-headquartered business, which was battling rising costs and recruitment issues, has restructured after appointing a liquidator in late July
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NewsUrban Legend partners with Tesco and secures £7m in funding
The investment will be used to build a high-tech factory in West London to service the partnership and scale further over the coming months
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NewsGreggs interim results: sales soar but profits are flat
Greggs reported sales of £694.5m for the first half of the year with plans to further expand its estate and manufacturing capabilities in the second half of the year
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NewsCardiff’s Pettigrew Bakeries and Friends in Knead merge
The deal will see Friends in Knead’s outlets switch to Pettigrew Bakeries branding and will ‘offer the best of both bakeries’
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NewsFinsbury Food Group reports record full-year sales
Sales at the bakery manufacturer are up 13.9% despite the business facing ‘exceptional macroeconomic and inflationary headwinds’
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NewsStrong first quarter for Premier Foods with sales up 6%
Revenue for the Mr Kipling owner reached £197m for the 13 weeks ended 2 July 2022, with sweet treat sales up 5.1% to £55.4m
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NewsSSP Group’s pandemic recovery aided by travel resurgence
The travel food and drink operator’s revenue reached 87% of 2019 levels for the third quarter of the financial year, its latest trading update has revealed
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NewsBakery students benefit from ABST and CBA expenses grant
The allowance to help pupils with expenses accrued during work placements or industry event attendance has helped three people since its inception