All Finance articles – Page 27
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NewsWarrens Bakery reports performance improvement
The bakery chain’s latest accounts show turnover stood at £7.4m in April 2021 and a £1.1m EBITDA has been forecast for the year ending 30 June 2021
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NewsChief executive Smith to leave SSP Group
The Upper Crust owner will now begin the process to identify a successor, with the current incumbent stepping down at the end of 2021 for a new opportunity
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NewsWarburtons profits jump 30% during 2020
Volume growth, strong cost management and lower exceptional costs are the reasons the UK’s largest bread brand saw operating profit before tax rise from £18.5m to £24.2m
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NewsAround Noon invests £500k to quadruple bakery operation
The business, based in Northern Ireland, will use the money to acquire and equip a new production site adjacent to its existing facility in Newry
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NewsCake Box posts double-digit growth for third consecutive year
Full-year results for the egg-free cake company showed group revenue grew 16.9% to £21.9m and gross profit was up 23.8% to £10.9m
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FeatureWhich industrial bakers are investing in their factories?
As Warburtons unveils a £56m investment programme in its operations, we look at the appetite for investment by others in the industry and the driving factors behind it
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NewsDina Foods awarded £5,000 green funding boost
The Mediterranean food supplier is one of 12 places on London’s Better Futures+ programme, which helps identify what businesses can do to become more sustainable
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NewsSSP Group losses hit £300m as Covid restrictions take toll
The Upper Crust owner said it had delivered a ‘resilient performance in a very challenging market’ but doesn’t anticipate a return to 2019 levels of trading until 2024
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NewsFerrero firm acquires Burton’s Biscuit Company
As part of the deal the Italian confectionery giant’s company will take over production facilities in Blackpool, Dorset, Edinburgh, Livingston, Llantarnam and the Isle of Arran
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NewsFinsbury on track for £15m profit as it reintroduces dividend
The cake, bread and morning goods manufacturer said the strong trading has been driven by improving volume performance and optimising its bakery operations
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NewsZeelandia UK to acquire fillings specialist John Morley
Production of John Morley’s fruit fillings, mincemeat and more will remain at its Congleton site in Cheshire but it will now fall under Zeelandia’s Flemings division
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NewsMr Kipling sales hit £150m for first time ever
Both Mr Kipling and Cadbury cakes enjoyed ‘a strong year of revenue growth’ while Premier Foods’ non-branded sweet treats sales stumbled
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NewsGü acquired by private equity firm Exponent
The sale, which was for an undisclosed sum, will see the premium dessert brand grow its international presence
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NewsWarburtons unveils £56m investment programme
The investment includes three new distribution centres, a crumpet plant at its Burnley site and electric vans
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NewsSynergy parent Carbery Group acquires Innova Flavors
The international flavours specialist said the strategic acquisition of the Chicago-based firm will expand the savoury capabilities of Synergy worldwide
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NewsGreggs profits steam towards pre-pandemic levels
The business has pushed ahead with its expansion plans opening 34 new shops this year as it says profits for the year could be around 2019 levels
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NewsReal Good Food sells snack bar business Brighter Foods
The Hut Group has bought the snack bar manufacturer for £43m with RGF planning to use its share of the capital to reduce debt and invest in Renshaw and Rainbow Dust Colours
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NewsBaker & Baker launched as standalone firm following CSM sale
The Rhône-owned business will focus on building its share in the American sweet bakery segment
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NewsCake Box to grow its estate after ‘record year’
The business expects to report a double-digit increase in revenue for 2020/21 and is holding franchise deposits for more than 50 sites across the UK
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NewsWarburtons backs Insane Grain in second Batch Ventures investment
The bakery giant has invested £250,000 in the start-up snack company as part of its 50:50 joint venture with independent business accelerator Mission Ventures