All Finance articles – Page 43
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NewsCosta sales up 8.7% as Whitbread records ‘good start’ to year
Whitbread has reported an 8.7% hike in total sales at Costa in its first-quarter results for the 13 weeks to 1 June.
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NewsTale of two markets: Aryzta European sales rise as US business falls
Group sales at global bakery business Aryzta have remained flat despite growth in its European division.
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NewsSSP Group sales rise 8.1% to more than £1bn
Profits at Starbucks and Upper Crust travel sites operator SSP have soared by almost a quarter as sales break the £1bn mark.
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NewsJempson’s and The Rye Bakery merge baked goods production
Sussex retail and café business Jempson’s is to create a ‘state of the art’ bakery operation in partnership with The Rye Bakery.
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NewsPatisserie Valerie sales up 16% as store openings continue
Patisserie Valerie owner Patisserie Holdings has reported double-digit increases in revenue and profits.
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NewsPremier Foods FY results: ‘challenging’ year brings £12m profits slump
Full-year profits at Mr Kipling owner Premier Foods have fallen by almost 10% in what the company described as a challenging year.
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NewsWeak sterling and high sugar prices drive 19% ABF revenue hike
Allied Bakeries owner Associated British Foods (ABF) has reported 19% year-on-year growth in revenue to £7.3bn in the first half of its financial year.
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NewsBakery packaging supplier Pulse Flexible Packaging to lose 150 jobs
Pulse Flexible Packaging, which supplies businesses including Walkers Shortbread and Samworth Brothers, is to start production again after entering administration earlier this month.
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NewsHill Biscuits in management buyout
Private equity investor LDC has backed a management buyout of Manchester-based Hill Biscuits.
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NewsTesco sales driven by strong food growth
Tesco has announced sales growth and profit recovery in its preliminary results for 2016/17, its first UK like-for-like sales rise since 2009/2010.
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NewsFewer deals but brands not budging on price, says IRI
The IRI’s new Big Question report on the grocery price war revealed it has saved UK shoppers £9.3bn over three years.
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NewsRivington Biscuits for sale
The assets of the Wigan-based manufacturer Rivington Biscuits are now for sale, after the company went into administration in December.
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NewsEXCLUSIVE: Reynards enters administration – and is resurrected by Intelipac
Bakery packaging specialist Reynards, which entered administration last month, has been resurrected by Intelipac, a supplier of products including bakery and deli bags, carrier bags and corrugated cardboard boxes to retailers in the UK and Australia.
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NewsTesco to pay £129m fine for false accounting scandal
Tesco has agreed to pay a £129m fine for false accounting, rather than face prosecution.
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NewsRowe’s Cornish Bakers acquired by investment firm
Cornish craft bakery WC Rowe has been acquired by investment firm Iberia Industry Capital (IIC).
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NewsPark Cakes in management buy-out
Own-label cake and dessert supplier Park Cakes has been acquired in a management buy-out from private-equity firm Vision Capital.
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Product NewsFinsbury Food Group to launch Mary Berry cakes
Finsbury Food Group has secured the licence to produce a range of Mary Berry cakes.
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Product NewsPanini’s launches gluten-free range following £200k bakery investment
Swansea-based independent bakers Panini’s has launched a range of gluten-free products following a £200,000 investment from Lloyds Bank that enabled the business to redevelop part of its bakery.
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NewsAryzta reports 2.8% revenue decline in half-year results
Aryzta has announced that its revenue has fallen by 2.8% to €1.9bn (£1.6bn) for the six-month period ended 31 January 2017.
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Product News£3m expansion plans for Pecan Deluxe Candy
North Yorkshire ingredients manufacturer Pecan Deluxe Candy is to spend £3m on an ambitious European expansion programme.