All Finance articles – Page 36
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NewsWarrens factory and shops under threat in restructure
Warrens Bakery is set to shut one of its factories and several loss-making shops.
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NewsProfits up 12% year-on-year at travel site operator SSP
Travel retail business SSP, which operates brands including Starbucks and Upper Crust, has reported £221.m in operating profit.
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NewsAimia Food founders take majority stake in Geary’s
Leicester-based Geary’s Bakery – which is set to launch a branded bread range – is to ramp up its growth following a major investment by the Unsworth family.
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NewsTregroes doubles waffle capacity after investment
Welsh business Tregroes Waffles is to expand its product range and increase capacity following a six-figure investment.
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NewsMr Kipling sales up 8% but own-label cakes fall again
Premier Food’s Mr Kipling brand continues to grow, reporting an 8% sales uplift for the first half of the 2019/2020 financial year.
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NewsGreggs’ 2019 profits to be higher than expected
Full-year profits at Greggs are “to be higher than previous expectations”, the company has revealed, after seeing double-digit growth in the fourth quarter so far.
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Product NewsHigher raw material costs boost Barry Callebaut sales
Volumes at chocolate supplier Barry Callebaut Group have risen 5.9% year-on-year – ahead of a 1.8% increase across the global chocolate confectionery market.
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NewsABF set to further reduce costs at Allied Bakeries
Allied Bakeries owner Associated British Foods (ABF) is set to make further cost reductions at the troubled business.
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NewsDelice de France splits from Aryzta through MBO
Delice de France has been demerged from Aryzta through a management buyout (MBO), led by managing director Thierry Cacaly.
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NewsFour lessons from the BSB 2019 autumn conference
Bakers, suppliers and experts from across the industry gathered in Oxfordshire last week for the British Society of Baking autumn conference.
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NewsBBF revenue up £57m after Hull cakes acquisition
Cakes supplier BBF has reported growth in revenues and profits despite a “challenging market backdrop”.
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NewsJust Desserts invests £150k in Shipley bakery expansion
Just Desserts is to extend its West Yorkshire bakery as part of a £150,000 expansion project.
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NewsCake Box store numbers and like-for-like sales grow
Egg-free cake supplier Cake Box has continued its expansion with the opening of nine franchise stores in the past six months.
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NewsUnited Biscuits sales go cool during hot summer
Sales at United Biscuits (UB) fell £46.8m last year as factors including the changing UK retail landscape took their toll.
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NewsValeo buys Christmas pud supplier Matthew Walker
Valeo Foods Group is to buy the Matthew Walker Christmas puddings business from 2 Sisters Food Group
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NewsGenius losses fall following shift away from own-label
Free-from bread supplier Genius has cut its losses by 20% after restructuring its business over the past two years.
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Product NewsWheat crop expected to exceed five-year average
The UK wheat harvest is expected to be more than a fifth larger than last year’s, according to the first crop estimate from the Department for Environment, Food and Rural Affairs (Defra).
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NewsAryzta grows in Europe, but suffers drag from US
Bakery giant Aryzta has slowed its fall in turnover in the past year, although the business has been hit by declines in its US operation.
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NewsLondon Food Corporation enters free-from market
London Food Corporation has entered the free-from market with the acquisition of gluten-free cereal and food manufacturer Big Oz.
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NewsGreggs further developing its evening meals offer
Greggs is developing its systems for supplying evening meals following ‘encouraging’ trials.