All Finance articles – Page 29
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News
Scottish pizza supplier set to boost jobs and capacity
Glasgow-based pizza supplier The Victor Pizza Company is to expand and upgrade its production capability after securing new funding.
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Patisserie Valerie: a further 14 sites are closed down
Patisserie Valerie, which was acquired following the collapse of Patisserie Holdings, has closed a further 14 of its sites.
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Product News
Multivac to take over dough handling specialist Fritsch
Bakery equipment supplier Fritsch Group and its subsidiaries are to be taken over by packaging specialist Multivac.
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Product News
Orkla buys toffee supplier Confection by Design
Bakery ingredients supplier Confection by Design has been bought by Orkla Food Ingredients.
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Warburtons makes £13.5m loss as sales decline 3.5%
Warburtons, which reported £20.7m pre-tax profit a year ago, has made a £13.5m loss as a result of restructuring costs and falling bread sales.
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Two Magpies Bakery sales expected to soar to £2.5m
Sales at Suffolk-based Two Magpies Bakery have soared following the opening of two more sites over the past year.
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Bakery tech start-up CatsAI begins nationwide roll-out
Technology start-up CatsAI is to begin a nationwide roll-out following a pilot which saw it use artificial intelligence (AI) to reduce bakery surplus.
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Minimum salary thresholds for migrants to be reviewed
Post-Brexit immigration plans that sparked fears of a further shortage of low-skilled staff are to be reviewed following intervention by home secretary Sajid Javid.
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Heidi Bakery acquires two Caracoli coffee shop sites
Heidi Bakery is to extend the reach of its products following the acquisition of the Caracoli coffee shop chain.
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Five arrests made over Patisserie Holdings collapse
Five people have been arrested and interviewed by the Serious Fraud Office following the collapse of Patisserie Holdings.
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Bakeries record strongest growth in QSR market
Bakeries have been a star performer in the quick-serve restaurant (QSR) market in the past year.
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Product News
Allied Bakeries set to axe production at Cardiff site
Allied Bakeries is set to end bakery production at its Cardiff site following the loss of its largest own-label bread contract.
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Food Innovations acquired by private equity firm
Cake craft supplier Food Innovations Baking Group has been acquired by global investment firm Ardenton.
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Product News
Samworth Brothers buys minority stake in Higgidy
Ginsters’ owner Samworth Brothers has acquired a minority stake in pie company Higgidy – a move that Higgidy said would accelerate its growth.
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Bakery bolsters Tesco sales as overall growth slows
A strong performance in bakery has bolstered slowing sales growth at Tesco, according to its latest trading update.
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New grant scheme to help bakers fund equipment
A new grant scheme has been launched to offer bakers in Scotland funding to modernise or buy equipment.
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Product News
Coeliac UK announce £180k gluten-free research fund
Bakery businesses are being urged to apply for a slice of a new research fund worth £180,000 from Coeliac UK and Innovate UK.
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Roberts Bakery: rebrand is beginning to deliver results
Roberts Bakery bosses say they are upbeat despite static revenue and a drop in profits.
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Bakery Market Report 2019 available to download now
British Baker’s Bakery Market Report is a unique snapshot of Britain’s retail bakery market, offering details of the ‘BB75’ – the country’s 75 largest bakery-focused operators – and much, much more.
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News
Renshaw owner RGF makes further board changes
Real Good Food – owner of Renshaw and Brighter Foods – has made further changes to its board as it continues to improve its corporate governance.