All Finance articles – Page 30
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NewsBakery students benefit from ABST and CBA expenses grant
The allowance to help pupils with expenses accrued during work placements or industry event attendance has helped three people since its inception
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NewsCake maker Eat My Logo eyes expansion following mentoring
The Chorley-based firm has revealed plans to sell its branded baked goods direct to the trade, hospitality and catering sectors after growing its turnover by half and increasing its output
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NewsWarburtons accounts show rising costs affected 2021 profit
The bakery giant increased its turnover, but operating profit was down slightly on the previous year due to a combination of Covid-19, costs, and labour shortages
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NewsPret regional focus pays off as H1 sales boom
The coffee and sandwich chain achieved sales of £357.8m for the period, with revenue outside of London outstripping growth in the capital
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NewsBako combines regional divisions into one company
Bako North Western, Bako Northern & Scotland, and Bako South Eastern will now operate as Bako Ltd to ‘better reflect the company’s national footprint’
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NewsLotus Bakeries acquires sourdough cracker firm Peter’s Yard
Peter’s Yard will join the Lotus Natural Foods business with current joint managing directors handing over to Jean-Baptiste Robert
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NewsPatisserie Valerie lawsuit ‘settled’ with Grant Thornton
A report has revealed that administrator FRP Advisory resolved its claim against the accountancy firm in a confidential deal last year
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NewsCake Box CEO celebrates strong annual sales figures
The company has posted a 50.7% increase in revenue for the 12 months up to April 2022, with gross profit up 41% to £15.8m
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AnalysisCan these challenger brands become the next bakery giants?
From HFSS-compliant snacks to indulgent treats – can these up-and-coming products go toe-to-toe with baked goods from the industry’s big hitters?
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NewsBradford pie maker Stobarts closes after 150 years
The company had been operating from a freehold facility in West Yorkshire supplying own brand and white label pies, sausage rolls and other meat products
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NewsBrace’s Bakery rolls out production from new £4m line
The installation allows the Welsh family business to produce up to 16,000 bread rolls, tea cakes and hot cross buns an hour
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NewsUnited Biscuits posts drop in revenue of nearly 2% for 2021
The Pladis-owned company also saw profitability drop from the previous year’s figures, although sales were still above pre-pandemic levels
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NewsWrights sweet bakery growth sees £1m investment
The manufacturer is installing a second double drum spiral freezer to process high volumes of cookies and doughnuts while maximising existing production space
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NewsBakkavor, EG Group and Greencore signal growth in FY22 updates
Big bakery players have posted positive figures in recent trading reports while also acknowledging challenging conditions with squeezed household budgets
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NewsSSP welcomes green shoots of recovery in half-year results
The travel food and drink operator reported revenue of £803m for the six-month period ended 31 March 2022, representing a rise of 213% on the 2021 figure
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Product NewsVale of Mowbray invests £4m in operations for Scotch egg launch
The Yorkshire-based pie maker has invested in ‘state-of-the-art’ machinery, including a fryer, and created 30 new roles at its manufacturing site
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NewsChandley Ovens transfers ownership to employees
The transfer of ownership will be completed on 1 June 2022, with the company also moving to a new site in Hyde, Cheshire
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NewsPremier hails Mr Kipling strength but hints at price rise
Further input cost inflation would be dealt with by cost efficiency programmes and increased pricing, said CEO Alex Whitehouse
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NewsGreggs reports sales boost but expects growth to ‘normalise’
The bakery giant said figures in its latest trading update were ‘flattered’ by comparison with the restricted trading conditions in 2021
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NewsWhere The Pancakes Are eyes expansion via crowdfunding
The London-based business is looking to raise £550,000 to increase its number of restaurants across the UK