All Finance articles – Page 4
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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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Finsbury completes £1m Kara doughball plant investment
Work was undertaken during lockdown when much of the foodservice market was mothballed
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Premier cake sales back in growth after Covid slowdown
Total sales across sweet treats division rose 0.7% year on year
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Food-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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Covid-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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How 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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Pret 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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Warburtons 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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VAT 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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Cherrytree 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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My 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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Pret 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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Kingsmill 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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Starbucks 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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Ingles 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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Stormy 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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Mr 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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Food 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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Cake 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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Le 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.
