All Finance articles – Page 29
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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
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NewsBuyout sees Wrights Food Group added to Compleat line-up
The pie maker has become the latest acquisition of the PAI Partners-owned group, which brought Addo and Winterbotham Darby under its umbrella in November 2021
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NewsBakkavor awards pay rise to ‘majority’ of UK factory staff
The manufacturer said the increase had been planned for some time, although the union Unite is claiming victory in negotiations
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NewsFood to go sales drive Greencore back to profit for 2021
The group has posted a 4.8% rise in revenue to £1,324.8m for FY21, helping pre-tax profit jump to £27.8m from a loss of £10.8m in the previous year
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NewsPret set for Middle East expansion following franchise deal
The partnership with One PM Franchising will establish the coffee chain in Kuwait and ‘potentially other regional countries’, adding to its existing three shops in the Middle East
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NewsCérélia agrees to buy General Mills’ European dough business
The deal will see the France-headquartered ready-to-bake specialist take over the Jus-Rol and Knack & Back brands
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NewsPremier Foods upbeat on H1 performance despite sales drop
H1 revenue was down 6.5% on the previous year for the Mr Kipling owner but CEO Alex Whitehouse insisted the group is “firmly on track” to deliver on full year expectations
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NewsCambridgeshire café to open bakery with crowdfunding help
Elsie May’s Electric Lounge Café & Bar in St Neot’s is to transform its annexe into an artisan bakery and school after raising £17,000 through a Kickstarter campaign
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InterviewGail’s CEO Tom Molnar on why bakers are kings of the company
With new investors on board, winds of change are blowing through Gail’s Bakery, but CEO Tom Molnar is standing firm on the principles the company was originally built upon
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NewsCake Box eyes more franchise stores as revenue grows
The celebration cake specialist is looking to add up to 32 new partner stores following strong H1 performance, CEO Sukh Chamdal has revealed
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NewsSpanish firm Palacios scoops up dessert supplier Rhokett
The private equity-backed food group has acquired a majority interest in the Kent-based cheesecake specialist, co-founded by the late Gary Rhodes
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NewsBakkavor to pump £13m funding into refrigeration upgrades
The asset finance deal with HSBC has given the green light for the replacement of three plants at sites in Lincolnshire and West Lothian
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NewsScottish bakeries receive funding to make products healthier
J.G. Ross and Bells Professional Pastry are among the recipients of FDF Scotland’s Reformul8 Challenge Fund
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NewsBaking industry reacts to Rishi Sunak’s Autumn budget 2021
Trade bodies including the Federation of Bakers and Craft Bakers Association give their views on the chancellor’s plans
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NewsPuratos accelerates health strategy with Schobbers acquisition
The acquisition of the Netherlands-based seeds and grains supplier will unlock further growth and value while presenting supply chain advantages
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NewsHealthier doughnut brand Urban Legend secures £3m funding
The funding has come from a range of venture capitalists, health charities and angel investors and will be used towards building a new test lab in West London
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NewsStone Bakery invests £4m in Crossmaglen free-from factory
Once complete, the factory would be one of Europe’s biggest gluten-free bakery sites, according to Stone Bakery which aims double its turnover in the next three years
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NewsSt Pierre Groupe breaks £100m barrier in turnover for 2020
The group said all three of its brands had flourished thanks to shifts in consumer attitudes benefiting bakery products