All Finance articles – Page 28
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NewsPuratos launches incubator to empower bakery start-ups
The incubator is designed to assist the development of products, services and ingredients in the bakery, patisserie and chocolate sectors
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AnalysisFive things we learned from Greggs full-year results
A Greggs app, new vegan options and custom sandwiches are among upcoming plans revealed in its preliminary results alongside the cost of the furlough and redundancies
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NewsPizza and desserts prove resilient at Bakkavor as sales dip
Bakkavor said the breadth of its portfolio helped it weather a volatile year which has seen its UK revenue fall 5.2%
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NewsGreggs posts £14m loss but vows to open 100 stores this year
The business is forging ahead with plans to open 100 new shops in 2021 despite posting a £13.7m loss for the 2020 financial year
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NewsThe Cheesecake Shop rebrands following business takeover
The Nottingham-based firm is changing its name to The Cake Solution to better reflect its product portfolio as it looks to expand
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NewsSwedish investor secures majority stake in Ulrick & Short
The clean label specialist will continue to act as a standalone business with Adrian Short remaining as CEO, while co-founder Andrew Ulrick retires from his operations role
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NewsAryzta Europe revenue falls 22% due to Covid restrictions
The frozen bakery specialist said revenue and EBITDA ‘ahead of expectations’ thanks to a simplification of its business model which has seen it secure a sale of the North American businesses
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NewsBaking industry reacts to Rishi Sunak’s 2021 budget
An extension to the furlough scheme to September and additional support for work placements have been welcomed by the baking industry
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NewsVillage Bakery secures private equity investment
The family-run business is set for expansion, including the creation of 115 jobs, following investment by private equity firm Limerston Capital
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NewsPukka invests £4.5m in Leicestershire factory
The investment comes as the pie manufacturer reveals a rise in turnover and profit for the year to May 2020
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NewsCost reduction continues at Allied Bakeries
Owner ABF said a cost reduction programme would be implemented at Allied Bakeries to mitigate the contribution loss following its exit from the Co-op contract
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NewsCybake forms alliance with Parallel Purchasing
The partnership will see the two companies work together on procurement cost-saving projects for bakery clients, with Parallel Purchasing using Cybake as its primary procurement software
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NewsFinsbury Food Group optimistic despite revenue fall
Pre-tax profits were also down in the six months to 26 December 2020 but the group is confident it will bounce back as restrictions ease
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NewsHummingbird Bakery bought in pre-pack administration deal
The London-based bakery has been acquired by investment firm Acropolis Capital securing the ongoing operation of three sites
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NewsIrwin’s Bakery extends Lidl Northern Ireland contract
The deal is worth £2.7m annually and has helped Irwin’s increase production, create more local jobs and expand its range of products
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NewsSSP shares dip as it ‘evaluates funding options’
Shares at Upper Crust owner SSP dipped after it said it was evaluating a range of funding options in response to press speculation about a possible equity raise
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NewsWarburtons backs The Artful Baker via Batch Ventures fund
The six-figure investment is the first the partnership between Warburtons and Mission Ventures expects to make in 2021
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NewsGeneral Mills invests in pudding brand Pots & Co
The premium pudding brand is set to expand its US offering across the West Coast and Rocky Mountain region following the investment
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NewsFood-to-go slump continues for Greencore
Q1 results show a 21.7% revenue drop in the category but the group says it is well-positioned for recovery
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NewsReal Good Food reports £4m loss in half-year results
The Renshaw and Brighter Foods owner has recorded a 26% drop in revenue for the six months up to 30 September 2020