All Finance articles – Page 41
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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.
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NewsYorkshire bakery raises £12k via crowdfunding
Malton-based Zuzu’s Bakery is set to expand its operations after raising more than £12,000 via a crowdfunding campaign.
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Product NewsCan apple by-product cut sugar and sat fat in cakes?
A Welsh consortium has secured £350,000 in funding for research into using an apple by-product to reduce levels of sugar and saturated fat in items such as cakes.
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NewsReal Good Food aims to raise extra £1m funding
Renshaw and Haydens owner Real Good Food is hoping to raise £1m of extra working capital with an open share offer.
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Product NewsWilliam Jackson sells Aunt Bessie’s to Nomad Foods
Jacksons Bakery owner William Jackson Food Group has sold its Aunt Bessie’s brand to Nomad Foods.
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Product NewsPrice of supermarket loaf up 8.5% in past two years
The average price of a large loaf of wrapped bread in Britain’s supermarkets has risen from 94p in 2016 to £1.02 today.
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Product NewsCakes exports decline in first quarter of 2018
Cake exports have fallen more than 6% year on year, in contrast to a 5.5% increase in total sales of UK food and drink overseas.
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NewsFood industry unveils manifesto for Brexit success
The Federation of Bakers (FOB) and National Association of British and Irish Flour Millers are among more than 100 food industry organisations that have united to present key Brexit objectives for government.
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NewsSuppliers target south-east Asia export opportunities
Ten food and drink manufacturers including crackers and biscuits supplier Rakusen’s have taken part in a trade mission to Singapore.
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NewsKrispy Kreme owner JAB to acquire Pret A Manger
Pret A Manger is to be bought by JAB, two years after the investment firm acquired doughnut business Krispy Kreme.
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NewsAryzta announces profit warning and £175m cuts
Bakery business Aryzta has cuts its forecast earnings and announced plans to slash costs by £175m over the next three years.
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NewsM&S to axe 100 stores and slow food expansion
Marks & Spencer (M&S) is to close more than 100 stores by 2022 and has scaled back its Simply Food openings.
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NewsUS woes take toll on profit growth at Greencore
Greencore profit growth has been dented in a “challenging” half year by problems in the firm’s US operation.
