All Finance articles – Page 29
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NewsReview of the Year 2019: January to March
With 2020 fast approaching, we cast our eye over some of the bakery stories that have hit the headlines over the past 12 months.
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NewsWarrens closes 22 loss-making shops in restructure
Warrens Bakery has shut 22 company-managed shops in a restructure it has blamed on uncertainty over Brexit.
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NewsReal Good Food reduces half-year losses to £2.5m
Renshaw and Brighter Foods owner Real Good Food (RGF) has reduced its losses despite a ‘difficult period’ for its cake decorations business.
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NewsGreencore Group profits up following business reset
Earnings and operating profit at food-to-go business Greencore have risen following a major restructure of the business last year.
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NewsNorthumbrian Fine Foods owner set for acquisition
US-based investment firm Platinum Equity is seeking to buy private-label biscuits supplier Biscuit International, owner of Northumbrian Fine Foods.
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NewsCake Box: second half-year off to encouraging start
Egg-free cake supplier Cake Box has opened five new shops in the past two months, including its first in Wales.
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NewsAryzta organic revenue falls 0.9% in European business
Baked goods supplier Aryzta has reported €413.7m in revenue in its first quarter from its European operations.
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NewsWarrens factory and shops under threat in restructure
Warrens Bakery is set to shut one of its factories and several loss-making shops.
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NewsProfits up 12% year-on-year at travel site operator SSP
Travel retail business SSP, which operates brands including Starbucks and Upper Crust, has reported £221.m in operating profit.
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NewsAimia Food founders take majority stake in Geary’s
Leicester-based Geary’s Bakery – which is set to launch a branded bread range – is to ramp up its growth following a major investment by the Unsworth family.
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NewsTregroes doubles waffle capacity after investment
Welsh business Tregroes Waffles is to expand its product range and increase capacity following a six-figure investment.
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NewsMr Kipling sales up 8% but own-label cakes fall again
Premier Food’s Mr Kipling brand continues to grow, reporting an 8% sales uplift for the first half of the 2019/2020 financial year.
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NewsGreggs’ 2019 profits to be higher than expected
Full-year profits at Greggs are “to be higher than previous expectations”, the company has revealed, after seeing double-digit growth in the fourth quarter so far.
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Product NewsHigher raw material costs boost Barry Callebaut sales
Volumes at chocolate supplier Barry Callebaut Group have risen 5.9% year-on-year – ahead of a 1.8% increase across the global chocolate confectionery market.
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NewsABF set to further reduce costs at Allied Bakeries
Allied Bakeries owner Associated British Foods (ABF) is set to make further cost reductions at the troubled business.
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NewsDelice de France splits from Aryzta through MBO
Delice de France has been demerged from Aryzta through a management buyout (MBO), led by managing director Thierry Cacaly.
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NewsFour lessons from the BSB 2019 autumn conference
Bakers, suppliers and experts from across the industry gathered in Oxfordshire last week for the British Society of Baking autumn conference.
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NewsBBF revenue up £57m after Hull cakes acquisition
Cakes supplier BBF has reported growth in revenues and profits despite a “challenging market backdrop”.
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NewsJust Desserts invests £150k in Shipley bakery expansion
Just Desserts is to extend its West Yorkshire bakery as part of a £150,000 expansion project.
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NewsCake Box store numbers and like-for-like sales grow
Egg-free cake supplier Cake Box has continued its expansion with the opening of nine franchise stores in the past six months.
