All Finance articles – Page 27
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NewsCaffè Nero owner buys remaining stake in Coffee#1
The Nero Group has reached an agreement to buy brewery firm S.A. Brain’s remaining 33% stake in the coffee house
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NewsUpfield buys minority stake in egg alternative Oggs
The deal will help Oggs scale up its distribution by leveraging Upfield’s global network and improve R&D in the plant-based protein category, according to the firms
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NewsCMA probes Cérélia buyout of General Mills dough business
The acquisition, including the Jus-Rol brand, has been placed under an Initial Enforcement Order while the watchdog’s work is ongoing
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NewsSSP Group sales recovery dampened by Omicron
The travel food & drink specialist said the first four months of its financial year were ‘good’ despite the impact of Omicron on the travel market
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NewsWarburtons backs Snackzilla with Batch Ventures investment
The children’s healthier cookie brand will receive £250,000 from the bread giant’s 50:50 joint venture with independent business accelerator Mission Ventures
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NewsGreencore Q1 figures reveal return to pre-pandemic levels
Pro forma revenue in the first quarter of 2022 was up 7.5% on the equivalent period of 2019 and 26.4% higher than Q1 for 2021
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NewsHiggidy to invest £10m in site upgrade and expansion
The funds, available following Samworth Brothers’ increased stake in the business, will be used to purchase new equipment and increase the footprint of the Shoreham-by-Sea facility
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NewsPremier Foods raises profit forecast after strong Q3 sales
Both Mr Kipling and Cadbury cake contributed to a rise in branded sweet treat revenue, with an adjusted pre-tax profit of at least £125m now expected for the financial year as a whole
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NewsCaffè Nero completes refinancing with £330m six-year loan
The deal with Carlyle, HSBC and Santander means EG Group is no longer a holder of any of the company’s debt and will allow the coffee chain to grow, it said
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NewsPret pay rise breaks £10 an hour barrier for 6,900 staff
The coffee chain has announced plans to invest over £9.2m in staff pay, just four months after awarding shop workers a 5% increase
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NewsBakkavor finishes 2021 with sales above pre-pandemic levels
The sandwich, pizza and dessert manufacturer saw overall revenue rise 1.2% on 2019 but UK sales remain slightly below its pre-pandemic performance
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NewsFoodservice recovery boosts Finsbury Food Group H1 sales
The bread, cake, and morning goods specialist reported a 4.4% increase in sales versus pre-pandemic but noted the ongoing difficulties the Omicron variant was placing on its operations
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NewsSSP reports upturn in trade since 2021 UK sales plummet
The travel food and drink operator recorded a 53.7% drop in UK revenue for 2021 but says it is now at 63% of 2019 sales
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NewsGreggs names new CEO as Roger Whiteside announces retirement
The news, which will see retail and property director Roisin Currie step up following the AGM in May 2022, comes as Greggs reveals its Q4 sales figures
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NewsBuyout deal sees Regal Food Products Group get Just Desserts
The Shipley-based tart, cheesecake and gateau specialist will continue to run as an independent business following the acquisition by Regal
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NewsSharp revenue drop shows pandemic effect for Paul UK in 2020
Sales at the bakery and café chain fell by more than half compared with 2019, the company’s latest annual report reveals
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AnalysisBakery in review 2021: strategy and investment
British Baker looks at how plans for some of the baking industry’s big hitters have shaped up over the last year
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AnalysisBakery in review 2021: mergers and acquisitions
What were the big deals of 2021 and how did they affect the bakery market?
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NewsReal Good Food shows improvement in half-year results
The cake decoration specialist increased sales and reduced losses in the six months up to 30 September 2021
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NewsSSP upbeat despite big revenue drop for 2021
Sales were down by more than 40% for the Upper Crust and Ritazza owner for FY21 but the group said it made strong progress in the second half of the year