All Finance articles – Page 4
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NewsLuke’s Bakery gains investors to help expand northeast wholesale business
Sourdough specialist welcomes backing from Pipers Crisps co-founders to support growth including a move into a new 6,500 sq ft production site in Brough, East Yorkshire
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NewsUK price hikes keep Bakkavor sales rising ahead of Greencore takeover
Food-to-go manufacturing giant reports a 1.2% increase in like-for-like revenue up to £1,079m, driven by UK price rises and US volume growth
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NewsDeli Lites invests £19m to expand range and create 130 new jobs
Northern Irish food-to-go manufacturer is being supported by Invest NI’s Agri-Food Investment Initiative to automate production and develop new products for export
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NewsRoberts Bakery proposes closure of Ilkeston plant with 38 jobs at risk
Family-run bakery manufacturer is mulling the ‘difficult decision’ to shut its Derbyshire site, which produces speciality breads
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NewsRecord year of investment sees Samworth Brothers debt hit £190m
Savoury pastries and food-to-go giant continued borrowing heavily last year to invest in manufacturing upgrades with sales rising by 6% to £1.7bn
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NewsKrispy Kreme UK launches turnaround plan after posting £6.2m loss
Doughnut specialist is reviewing store and stockist locations to ensure a return to profitability after rising costs and reduced footfall saw it slump to a post-tax loss in its latest financial year
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NewsGenius Foods trims losses despite 19% sales decline in FY24
Edinburgh-based gluten-free bakery brand recorded a £5.7m drop in revenue last year compared to 2023 although operational losses were reduced by £1.3m
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NewsTiffin Sandwiches takes another bite of food-to-go with latest acquisition
The deal for the sandwich specialist follows the company’s recent acquisition of a similar manufacturer in Glasgow as it also gains permission for its brand new £10m factory in Bradford
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NewsFree webinar: how is AI and technology changing the baking industry?
Experts from the BakeTran, Gail’s, and Made Smarter will be revealing how latest tech developments are enhancing bakery operations as part of a free webinar hosted by British Baker
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NewsFinsbury Food Group grabs major stake in Lola’s Cupcakes
Speciality bakery manufacturer enters direct-to-consumer market with 70% stake in the premium cake business
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NewsKingsmill owner ABF to acquire Hovis to create a ‘profitable bread business’
The deal will combine the production and distribution activities of the two firms to create a ‘profitable UK bread business that is sustainable in the long term’
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NewsBakers Basco brings legal action against Cambridge bakery for equipment misuse
The company presented Northampton County Court with evidence that the bakery had unlawfully retained and repurposed baskets and dollies belonging to Bakers Basco and its members
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NewsGovernment set to protect small businesses from late payments
Prime Minister Keir Starmer said too many hardworking people are being forced to spend hours chasing payments
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NewsPrices surge almost 14% at coffee and sandwich shops
The increase is more than twice the average price rise across the rest of the eating-out market, according to Lumina Intelligence
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NewsRathbones remains ‘challenged’ despite reported profit, says Morrisons
The historically loss-making business has recorded a £668,000 profit after tax, but the retailer attributed this to a change in the way the bakery’s accounts are compiled
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OpinionWhy store closures don’t spell disaster for Greggs
‘Greggs shut 56 branches amid challenging start to the year’, but the headlines aren’t all what they seem, writes British Baker editor Amy North
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NewsGenius Foods ‘at turning point’ in return to profit
Free-from business says financial performance has been boosted by improved efficiency and new product development
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NewsBuns, matcha, and iced drinks drive Q4 growth at Caffè Nero
Maritozzi and cinnamon buns, which have sold a combined 1.5m units, helped to boost sales for the coffee specialist alongside iced drinks
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NewsBaker & Baker weathers inflation to post robust profits
Strategic investments made in 2024 to improve operational efficiencies and develop new products at the sweet bakery supplier sees gross profit rise by 8.7%
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NewsChocolate alternative Win-Win secures £3m funding
Funding will be used to further fuel growth in the UK with investment in people and new product lines