All Finance articles – Page 29
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NewsCooplands bought by forecourt firm EG Group
The acquisition of the bakery chain, which is headquartered in Scarborough, will see it strengthen EG Group’s foodservice offer and venture into the petrol forecourt market
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NewsWest Cornwall Pasty Co pays pandemic price with £7.1m loss
Sales for 2020 were reduced to £6.1m from £18.7m in 2019, in a year that saw the company permanently close its high street and travel outlets
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NewsCake Box celebrates healthy H1 sales growth
The egg-free cake business posted first-half revenues of £16.4m to the end of September 2021, representing a 91% rise on the lockdown-affected 2020 figure
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NewsExceptional costs force Hovis into the red with £6.3m loss
Revenues increased during the pandemic but one-off costs relating to its sale to Endless as well as improving efficiency dragged down its financial performance
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NewsGreencore buoyed by strong food-to-go sales in Q4
The convenience manufacturer says increasing demand has contributed to a 37% rise in food-to-go revenue compared with the 2020 period
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NewsElkes Biscuits’ Uttoxeter factory faces closure by 2 Sisters
The owner says the site is ‘significantly loss making’ and no longer commercially viable, with more than 500 jobs at risk
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NewsPace of recovery at SSP ‘remains uncertain’, Q4 update shows
Revenues at the travel food and drink operator were around 47% of 2019 levels in Q4 as the business expects sales to return to pre-Covid levels by 2024
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NewsGreggs’ CEO Roger Whiteside reveals expansion plans
British Baker picks out the standout points from Whiteside’s session at the recent Lunch! exhibition, including his expansion plans for Greggs, tapping into the evening occasion and supply chain disruption
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NewsGrant Thornton fined £2.3m over Patisserie Valerie audit
The Financial Reporting Council said Grant Thornton missed “red flags” in the audit of the cake chain’s owner Patisserie Holdings, which entered administration in 2018
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NewsPret injects £100m to help double its business in five years
Revenue for 2020 was down 58% on the previous year but trade is approaching pre-pandemic levels as Pret gets underway with the next phase of its transformation plan
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NewsReal Good Food shows signs of recovery despite £6.1m loss
The Renshaw and Rainbow Dust Colours owner has reduced debt and seen revenues rise during the first few months of its financial year with NPD a strong focus for the future
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NewsFinsbury boosts sales and profits in pandemic recovery
Pre-tax profits rose to £17m thanks to year-on-year growth in its retail division while a slower recovery in foodservice is recorded
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NewsGail’s owner sells stake to investment partnership
Bread Holdings, which is also the parent company of The Bread Factory, has struck a deal with Bain Capital Credit in partnership with Ebitda Investments
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NewsBakkavor revenue now exceeding pre-pandemic levels
The company’s half-year results show like-for-like sales of £924.9m, up 1.2% on the 2019 figure, and adjusted profit of £47m, a 63.8% rise on the equivalent 2020 period
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NewsCybake upgrade provides business intelligence for purchasing
New BI reporting screens have been added to the bakery software system to help users when dealing with suppliers
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NewsBBF acquires tart and pie specialist Sargents Bakeries
The cake manufacturer has bought the Doncaster-based business, which had been experiencing ‘a very challenging time’, for an undisclosed sum
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NewsVillage Bakery opens new ‘super bakery’ in Wrexham
Bread is rolling off the ‘state-of-the-art’ production line at the new 140,000 sq ft bakery which replaces, and improves upon, one destroyed by a fire two years ago
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NewsAmerican Pan eyes UK expansion with Runex acquisition
The industrial baking pans and coating specialist, which is part of Bundy Baking Solutions, has acquired bakeware and coatings services provider Runex
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NewsBatch Ventures-backed The Artful Baker unveils NPD
The Dorset-based bakery has rolled out its first new product since receiving a six-figure sum from the venture fund, which is supported by Warburtons
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NewsWholebake acquired by Elysian Capital III
The snack bar manufacturer has been acquired by the investment fund as part of its purchase of Wholebake’s parent company Healthful Holdings Group