All Finance articles – Page 27
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NewsBaker & Baker posts strong results in first standalone year
The company, which split from CSM in April 2021, recorded turnover of more than £375m and growth of 14% for its first 12 months of operation
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NewsReal Good Food performance hit by triple threat
Omicron, costs and shortages have impacted the group’s profitability resulting in a ‘disappointing’ second half to the group’s financial year
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NewsWhite Rabbit earmarks seven-figure fund boost for expansion
The free-from pizza specialist will use the investment from Guinness Asset Management to support an innovation pipeline and above-the-line marketing
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NewsCake Box sales to top previous year by 50%
The celebration cake chain also reported a 41% increase in franchisee online sales during the year to 31 March 2022
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NewsCornish Premier Pasties reports record sales boom
The company expects turnover of £7m in 2022 due to rising demand for savoury baked goods
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NewsFox’s and Burton’s join forces for new biscuit company
The merging of the two firms to form Fox’s Burton’s Companies (FBC) UK follows their acquisition by a Ferrero-related company
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NewsWarrens Bakery declares CVA a success as profit returns
The Company Voluntary Arrangement is expected to be discharged this month as the business post profits of £471k for the year to 30 June 2021
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NewsFranco’s Bakery upgrades equipment with six-figure funding
The Bolton-based business is using the cash from HSBC to invest in eight Farhat machines to expand its product range
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NewsCake Box announces departure of co-founder and CFO
Pardip Dass will be replaced by interim chief financial officer David Forth, with a new chief operating officer and marketing director also appointed
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NewsM&S supplier Four Anjels set for new site with £1.5m funding
The cash injection will facilitate a ‘state-of-the-art factory and bakery’ in Cheltenham as well as increased headcount and product lines
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NewsPremier Foods awards bulk flour contract to Abbey Logistics
The contract will see the logistics firm transport all bulk flour produced at Premier Foods’ Andover Mill to its bakeries across the UK
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NewsCaffè Nero resumes new store programme with two airport sites
Flagship stores in Stansted Airport and Belfast City Airport represent the start of Caffè Nero’s post-Covid new store openings programme
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NewsZinda set for growth after wrapping up six-figure investment
The food-to-go brand said the funds will used to support new retailer listings of its filled wraps as well as marketing and NPD
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NewsGreggs warns of cost pressures as it posts record sales
Cost pressures for the year ahead are ‘more significant’ than expected, but the business is forging ahead with its ambition of having 3,000 shops in the UK
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NewsBakkavor’s 2021 sales outstrip pre-pandemic figures
Like-for-like revenue for the sandwich, pizza and dessert manufacturer totalled £1,886m, representing a 1.2% rise on 2019
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NewsTrade body pushes for pan liners exemption from plastic tax
The Foodservice Packaging Association warns of rising costs because of the tax and is calling on HMRC to remove pan liners from its scope
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NewsResearch reveals how price rises affect shopping habits
Studies on consumer responses to inflation by analyst IRI have revealed opportunities for bakery businesses
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NewsCaffè Nero reports success in new distribution channels
Sales via home delivery, the supermarkets and Amazon could exceed £10m this financial year, according to the coffee shop
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NewsElkes Biscuits sale to Boparan rescues more than 500 jobs
The acquisition from 2 Sisters for an undisclosed sum ends uncertainty over the future of the biscuit maker’s Uttoxeter factory
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NewsRecord sales at Finsbury Food Group but inflation hits profits
Finsbury could have delivered further revenue growth if it weren’t for staff shortages and supply chain disruption, it said, as profits were dampened due to inflationary pressures