All Finance articles – Page 3
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NewsFerrero acquires Fox’s Biscuits from 2 Sisters for £246m
A Ferrero-related company will acquire two manufacturing sites in Batley and Kirkham as part of the deal, which is expected to complete on 31 October 2020
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Aryzta board seeks ‘simplified model’ as it posts €18m loss
Covid-19 has ‘significantly’ impacted Aryzta’s full-year results, which saw revenue fall 13.4%, as the firm’s new executive board looks to a simplified model to reduce debt
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CSM Bakery Solutions sells European ingredients business
CSM has reached an agreement with an investment subsidiary of Investindustrial, with the sale expected to be completed in early 2021
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Hovis receives takeover bid from Italian firm Newlat Food
The Italian company has made a non-binding offer for Hovis Holdings Ltd, which is currently owned by Premier Foods and The Gores Group
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Greencore sales slump but food-to-go is improving
Greencore’s revenue has fallen 14% for the year ending 25 September 2020 but its food-to-go performance was improving in Q4
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Urban Eat joins Samworth Brothers’ Fresh Food For Now division
Food-to-go brand Urban Eat will join Samworth Brothers’ Fresh Food For Now Company offer after it was acquired by the firm in August
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Greggs could cut jobs as sales remain below pre-Covid levels
Greggs has proposed a series of changes, which are subject to union and employee representatives consultation, as sales are expected to remain below 2019 levels for the foreseeable future
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Online marketplace launched to help bakers find production space
Occupyd caters to the foodservice and hospitality industries, as well as workshops and event spaces
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Real Good Food sales down 28% but recovery is in sight
Revenue at Renshaw and Brighter Foods owner suffered a double-digit dip for the first five months of the financial year, but sales in August were only 7% lower than in 2019
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Pretzel firm Auntie Anne’s secures coronavirus loan
The loan provided urgent funding and helped the business move towards new opportunities, says franchisee Pretzel Logic UK
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Finsbury profits slump amid coronavirus outbreak
Group revenue and profits have fallen at Finsbury Food Group which saw ‘unprecedented demand swings’ following the coronavirus outbreak in the UK
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Pizza and desserts aid recovery at Bakkavor
Like-for-like UK revenue at Bakkavor was down 6.7% in June compared to nearly 19% in April due to the impact of Covid-19
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Groupe Roullier acquires private label bakery Alysse Food
The acquisition is in line with the development of its agri-food division, says Groupe Roullier
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Henderson Wholesale invests in bakeries and expands range
Two Irish bakers have grown their businesses and created new jobs
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Brownings the Bakers unveils new listings with M&S and Asda
Brownings has supplied tattie scones and Kilmarnock Pie to Scottish stores
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Cake Box to pay back furlough money following strong trading
Cake Box will repay £156,000 worth of monies it received under the Job Retention Scheme
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Birds Bakery pushes ahead with investment plans
The bakery will be carrying out refits and adding new equipment
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Pret A Manger to cut 2,800 roles from its UK shops
Trade across UK shops is down 60% year on year due to the impact of the coronavirus
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Mono Equipment receives £108,000 from Welsh Government fund
The fund will help sustain jobs and protect the business, which saw a 60% drop in turnover, from impact of Covid-19
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Bakery wholesaler Walker Humphrey acquires Rolton Yeast
The Leeds-based wholesaler plans to expand its business in Yorkshire and Lancashire as a result of the acquisition
