All Finance articles – Page 3
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NewsGeary’s Bakeries rolls in sourdough trend as sales soar 37.5% in FY24
Leicester-based manufacturer reports a £25.1m leap in turnover up to £91.8m in its latest financial results, mainly driven by its high-flying Jason’s Sourdough brand
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NewsJones Village Bakery to pay teens adult living wage
The Wrexham-based manufacturer is giving 16-year-old school leavers £12.60 an hour
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NewsThe Original Baker unveils multi-million-pound expansion of North Yorkshire site
The project includes a 22,000 sq ft extension to its bakery in Norton, new pastry and baking lines, enhanced logistics capabilities, and recruitment for 30 new jobs
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NewsButterwick closes 12 out of 14 bakery shops and appoints liquidators
Directors blamed rising costs and falling footfall for the decision to shut the majority of their retail estate with 62 people made redundant
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NewsPretzel tie-up: Ditsch strengthens UK presence with WorldBake acquisition
German pretzel specialist Ditsch has acquired Kettering-based frozen bakery supplier WorldBake and created a new company, Ditsch UK
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NewsJPL Flavours invests £11m in high-tech headquarters on the Wirral
New 75,000 sq ft factory features automated manufacturing systems and AI-supported processes
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NewsCheez-It UK sales hit £24m in first year
Owner Kellanova said the brand has been selling the equivalent of one pack every two seconds
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NewsAsda goes in low on food-to-go with new fixed-price meal deal
Retailer says it believes great value should be available to everyone, with its new £3.74 meal deal currently the lowest priced food-to-go offer on the UK market
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NewsCybake and Embargo enhance systems for bakers and foodservice operators
Cybake launches custom cake ordering module while Embargo announces integration with POS provider Square
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NewsCMA launches inquiry into ABF’s acquisition of Hovis
The competition watchdog has launched an invitation for comments on the proposed deal between the bread giants ahead of a formal investigation
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NewsCan AI help protect bakers from ingredient price swings?
ChAI Protect offers businesses opportunity to insure against commodity hikes
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NewsPladis UK breaks £1bn barrier as McVitie’s sales grow
Operating profit at biscuits and snacks business falls despite a £21.8m hike in turnover
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NewsNon-HFSS sweet bakery brand Urban Legend set for administration
Despite significant backing from investors since its 2021 launch, the London-based business has appointed administrators with a sale expected shortly
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NewsHFSS-compliant cookie brand Jnck Bakery enters liquidation
Escalating debts of over £250k has forced the healthier cookie start-up into voluntary liquidation, less than a year after raising £190k from private investors and £260k from crowdfunding
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NewsGovernment policy is key driver of food inflation, says FDF
Food and Drink Federation warns food inflation could hit 5.7% by the end of the year
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NewsCornish Bakery breaks its sales record over summer as expansion continues
Bakery chain added new shops in Hereford and Woodbridge with five more sites set to launch in the autumn after delivering a 24% year-on-year increase in revenue during August
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NewsLosses extend at Allied Bakeries ahead of Hovis acquisition
Associated British Foods is expecting its proposed Hovis acquisition will enable a turnaround of its UK bakery business following another loss-making financial period
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NewsPret to trial breakfast and lunchtime meal deals at UK stores
High street chain is testing a range of meal deals covering breakfast and lunchtime occasions as it reports a 10% rise in worldwide sales up to £1.2bn for its latest financial year
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NewsEG On The Move closes all Cinnabon UK sites
All 12 existing UK locations of the US sweet bakery brand have been shut as its master franchisee makes a strategic shift to focus on its core convenience retail business
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NewsBaltic Bakehouse enters liquidation after closing Liverpool sites
Sourdough specialist failed to keep up with mounting debts and decided to cease trading, making all staff redundant at its two retail locations and production site