All Finance articles – Page 36
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NewsWeather hits sales growth and profit at Greggs
Footfall and costs at Greggs have been hit by the weather, with the business reporting a drop in profits.
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NewsFood to go bolsters Q3 performance at Greencore
Food-to-go sales have bolstered Greencore’s UK and Ireland business, resulting in a 1.4% growth in reported revenue in Q3.
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Product NewsHot weather pushes feed wheat to five-year high
Wheat prices have continued to rise across the UK and Europe as a result of the hot, dry weather.
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Product NewsMr Kipling turnaround drives Premier growth
A surge in sales of the previously ailing Mr Kipling brand has driven growth in Premier Foods’ revenue.
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NewsPremier Foods boss Gavin Darby re-elected as CEO
Gavin Darby has been re-elected as chief executive of Mr Kipling owner Premier Foods – although more than 40% of the vote went against him.
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NewsAir sector drives growth in SSP UK sales
SSP, which operates UK travel sites for brands including Starbucks and Upper Crust, has reported a 2.7% increase in like-for-like sales in its third quarter.
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NewsFreshpack to close after low margins deter buyers
Frozen pies and snacks manufacturer Freshpack is to close following an unsuccessful search for a buyer.
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Product NewsFinsbury Food Group fights ’unprecedented’ cost hikes
Finsbury Food Group says it will deliver profits in line with expectations despite “unprecedented commodity and labour inflation”.
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NewsPrescot bakery in £30,000 crowdfunding push
An independent bakery in Prescot has raised almost £10,000 in 13 days as part of a £30,000 crowdfunding push to help expand its business.
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Product NewsAB Mauri completes Holgran / Fleming Howden acquisition deal
AB Mauri has acquired ingredients suppliers Holgran and Fleming Howden from Rank Hovis Milling.
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Product NewsMargins threatened by rise in wheat and butter costs
Bakers are facing continued increases in wheat prices as a result of the dry weather – as butter once again heads towards record highs.
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NewsTesco and Carrefour to agree joint purchasing deal
Tesco and global retail giant Carrefour are set to enter a long-term strategic alliance designed to help the businesses lower prices.
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Product NewsWarburtons: non-bread drives sales as profits fall
Warburtons’ operating profit fell by more than a third last year as the business was hit by rising costs and a decline in the bread market.
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Product NewsLow shopper footfall hits Costa like-for-like sales
Costa like-for-like sales have fallen in the last three months – although overall sales rose thanks to new store openings and Express machine roll-outs.
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NewsFormer Hovis bakery site in Wigan sold for housing
The site of a former Hovis crumpet and bread bakery has been sold to house-builder Taylor Wimpey.
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NewsShareholder reveals why it wants Premier Foods boss out
Oasis Management Company – the largest independent investor in Mr Kipling owner Premier Foods – has accused CEO Gavin Darby of driving the business into “its current zombie-like state”.
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NewsPremier Foods boss facing pressure from shareholder
Mr Kipling and Cadbury cakes supplier Premier Foods has said one of its shareholders is to vote against the reappointment of chief executive officer Gavin Darby.
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NewsWJFG buys foodservice ingredients firm Wellocks
Jacksons Bakery owner William Jackson Food Group (WJFG) has acquired foodservice ingredients business Wellocks.
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NewsDoes foodservice decline herald a new recession?
A drop in the foodservice market could be a sign of a new recession, analysts have warned.
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NewsPalethorpes Bakery opens £1.3m distribution centre
Chilled savoury pastry supplier Palethorpes Bakery has created 100 jobs with the opening of a £1.3m distribution centre at its site in Market Drayton, Shropshire.