All Finance articles – Page 32
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NewsAryzta loses another senior member of team
Departure of group CFO will follow resignation of two board members
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NewsFinsbury completes £1m Kara doughball plant investment
Work was undertaken during lockdown when much of the foodservice market was mothballed
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NewsPremier cake sales back in growth after Covid slowdown
Total sales across sweet treats division rose 0.7% year on year
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NewsFood-to-go demand continues to recover, reports Greencore
Company said it had worked closely with its customers as they reopen formats and channels.
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NewsCovid-19 halved Greggs turnover in the first half of the year
But business reports signs of bouncing back after reopening its stores, with turnover currently at 72% of 2019 levels.
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NewsHow coronavirus took its toll on Finsbury Food Group sales
Revenue was down 24% year-on-year in April, 19% in May and 15% in June
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NewsPret vows to pass on VAT savings to customers
Pret A Manger has confirmed it will pass on the savings from the temporary VAT reduction to customers
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NewsWarburtons launches venture fund to invest in bakery businesses
Batch Ventures will take a minority stake-holding in businesses its approves, and will typically invest £50,000 to £250,000
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NewsVAT on food cut to 5% to kick-start revival of hospitality trade
Government is to financially back a discount on meals at restaurants, cafés and pubs during August
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NewsCherrytree Bakery secures CBILS funding to rebuild business
The firm supplied more than 40 million hand-finished sweet bakery products a year to coffee shop, retail and foodservice businesses
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NewsMy Baker ‘Cake Concierge Service’ relaunches following acquisition
My Baker, an online service that connects bakers with consumers and corporate customers, has been acquired by baker Mel Sinjakli and her husband
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NewsPret to axe 30 stores and reduce staff levels across business
Pret A Manger is to restructure its business because of the impact the coronavirus outbreak has had on cashflow and costs.
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NewsKingsmill owner Allied Bakeries to no longer supply Co-op stores
News comes 15 months after the bakery business revealed it had lost the contract to supply Tesco with private-label bread
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NewsStarbucks operator SSP set to make 5,000 redundancies
Uppercrust and Starbucks operator predicts it will only have reopened 20% of its UK sites by the autumn
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NewsIngles bakery to shut down all sites
The 66-year-old business has said substantial investment is required in its shops, main bakery and head office.
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NewsStormy times ahead for wheat supply, warns Nabim
Nabim director general Alex Waugh on how a weak crop and the impact of Covid-19 and Brexit will bring further challenges for the milling and baking sectors
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NewsMr Kipling sales at record levels following premium NPD
TV advertising, premium NPD and increased distribution have driven record revenue for the brand
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NewsFood and drink ‘bounce back’ plan unveiled by government
Measures designed to kick-start the agriculture, food and drink industry in the wake of coronavirus have been unveiled.
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NewsCake Box full-year results: revenue up, but profit dips
Fresh cream cake specialist Cake Box has reported that trade at three-quarters of its stores is now at the level it was before the coronavirus outbreak.
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NewsLe Pain Quotidien sold in pre-pack deal to BrunchCo UK Limited
Bakery and café chain Le Pain Quotidien has been sold in a pre-pack deal.