All Finance articles – Page 37
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NewsFormer Genesis Crafty boss opens new bakery business
Brian McErlain, who was previously managing director of Genesis Crafty, has launched a new bakery company.
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NewsBaked goods firm Arden sold to management team
Biscuits and baked goods supplier Arden Fine Foods has been acquired by its management team.
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NewsBurton’s Biscuits gives staff £100 ‘thank you’ payment
Around 1,800 of Burton’s 2,200 employees received the payment for their work at its five UK production sites.
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NewsSpeedibake fire results in £25m exceptional charge
A fire that destroyed the Speedibake factory in Wakefield has resulted in a £25m exceptional charge for owner Associated British Foods (ABF).
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NewsPremier workers get extra holiday and £250 bonus
Factory staff at Mr Kipling owner Premier Foods have been thanked by the business for helping it meet exceptional demand during the coronavirus outbreak.
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NewsCake Box says franchisees will recover from lockdown
Egg-free cake specialist Cake Box Holdings has said relatively low levels of rent and overheads will help its franchisee businesses recover from the impact of coronavirus.
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NewsRenshaw furloughs half its staff as Covid-19 hits sales
Renshaw and Brighter Foods owner Real Good Food (RGF) has rationalised ranges and furloughed staff as the Covid-19 outbreak impacts demand for its products.
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NewsGreencore furloughs staff as food-to-go demand falls
A sharp drop in demand for food-to-go has prompted Greencore to introduce a string of measures to reduce costs.
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NewsCoronavirus: What grants are available to bakeries?
Gary Hemming, commercial lending director at finance broker ABC Finance, outlines the ways a bakery might access financial support
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NewsSSP UK sales crash 80% as Covid-19 hits travel market
Travel-retail business SSP has seen UK and European like-for-like sales crash 80% year-on-year.
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NewsCoronavirus: government to fund sick pay for SMEs
Small- and medium-sized businesses will be able to reclaim Statutory Sick Pay (SSP) for staff off work due to the Covid-19 coronavirus.
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NewsAryzta European revenue declines but earnings rise
Aryzta has reported a 2% organic decline in revenue from its European operation as the business refocuses on frozen bakery.
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NewsPatisserie Valerie is merged with Bakers & Baristas
Causeway Capital, which acquired Patisserie Valerie last year, has merged the chain with its Bakers & Baristas business.
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NewsGreggs: good start to 2020 but storms bring headwinds
Greggs has reported a “very strong start” to the year – but sales have since been hit by storms that battered the country in recent weeks.
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NewsMonty’s Bakehouse bought by Asian catering firm SATS
Surrey-based Monty’s Bakehouse has been acquired by leading Asian foodservice supplier SATS.
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NewsBakkavor says coronavirus is hitting international sales
Bakkavor has announced 1.7% like-for-like growth in group revenue in the past year – but warned the coronavirus outbreak was having a “significant” impact on its international business.
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NewsPukka Pies to invest £5m to boost bakery capacity
Savoury pastry manufacturer Pukka is to invest £5m in its bakery in Syston, Leicestershire, in a move that will “significantly” enhance its manufacturing capacity and capability.
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Product NewsSilvery Tweed to build new £600k processing facility
Silvery Tweed Cereals is to build a new 12,000sq ft facility at its Berwick-upon-Tweed site.
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NewsFinsbury revenue rises 4.7% driven by UK bakery market
New business wins, gluten-free bakery and NPD from licences including Harry Potter have helped drive growth at Finsbury Food Group.
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NewsDecline in Allied Bakeries’ operating loss and revenue
Operating losses at Allied Bakeries, which last year lost its largest own-label contract, have fallen in the past six months.