All Finance articles – Page 32
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NewsSweet Nothing Bakehouse launches Crowdfunder campaign
In return for pledges, Sweet Nothing Bakehouse is offering rewards including unlimited coffee, afternoon tea, treat boxes and Christmas gifts
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NewsRevenue up at Premier Foods’ Sweet Treats but profit falls
Profit in the Sweet Treats division, which includes Mr Kipling and Cadbury cakes, was impacted by incremental Covid-19 costs and additional marketing spend
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NewsHovis bought by private equity firm Endless
Endless, a UK-based mid-market private equity firm, has seen off competition from Italian company Newlat Food by securing a deal to buy the 134-year-old bakery brand for an undisclosed sum
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NewsRevenue falls at Allied Bakeries but profits improve
Revenues at Allied Bakeries, which is owned by ABF, have declined following the loss of its biggest own label contract but a significant cost reduction programme has seen profits improve
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NewsBross Bagels launches crowdfunding campaign
The money will go towards a new production site which will help the Edinburgh-based business keep up with demand, as well as help it grow wholesale and online trade
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NewsSchenck Process to acquire Baker Perkins
Schenck Process said the acquisition of the baking equipment supplier will significantly strengthen its European capabilities in the food processing and equipment sector
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NewsSocial enterprise Big River Bakery secures equipment funding
The Newcastle-based social enterprise used the funding to buy equipment for its new premises which combines a production facility, café, retail space and training hub
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NewsSixty staff at Jenkins Bakery in Wales face redundancy
Up to 20% of the bakery’s workforce could be made redundant as footfall and sales drop, but the firm said it welcomes suggestions from staff on how to avoid or reduce job losses
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NewsCake Box sales bounce back after reopening stores
Fresh cream cake specialist Cake Box said its confident the firm’s franchise store rollout programme will return to pre-Covid levels as its sales recover
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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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NewsAryzta 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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NewsCSM 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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NewsHovis 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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NewsGreencore 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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NewsUrban 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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NewsGreggs 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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NewsOnline 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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NewsReal 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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NewsPretzel 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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NewsFinsbury 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