All Finance articles – Page 45
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NewsTesco and Carrefour deal to begin in October
A strategic alliance between Tesco and global retail giant Carrefour is expected to become operational in October 2018.
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Product NewsTopping Pie Company ramps up cruise ship business
South Yorkshire-based The Topping Pie Company has more than tripled the number of cruise ships serving its bakes.
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NewsAulds liquidates retail arm to focus on wholesale
Family-owned bakery Aulds has placed its retail business into liquidation to focus on its wholesale and production operation.
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NewsWest Midlands family firm John Dwyer Bakery sold
Family business John Dwyer Bakery has been acquired by Bridgwater Bros, owner of frozen food supplier The UK Foodhall.
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Product NewsWarburtons set to end Stockton bread production
Warburtons is planning to stop producing bread at its Stockton-on-Tees site as a result of the declining wrapped bread market.
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NewsWeather hits sales growth and profit at Greggs
Footfall and costs at Greggs have been hit by the weather, with the business reporting a drop in profits.
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NewsFood to go bolsters Q3 performance at Greencore
Food-to-go sales have bolstered Greencore’s UK and Ireland business, resulting in a 1.4% growth in reported revenue in Q3.
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Product NewsHot weather pushes feed wheat to five-year high
Wheat prices have continued to rise across the UK and Europe as a result of the hot, dry weather.
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Product NewsMr Kipling turnaround drives Premier growth
A surge in sales of the previously ailing Mr Kipling brand has driven growth in Premier Foods’ revenue.
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NewsPremier Foods boss Gavin Darby re-elected as CEO
Gavin Darby has been re-elected as chief executive of Mr Kipling owner Premier Foods – although more than 40% of the vote went against him.
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NewsAir sector drives growth in SSP UK sales
SSP, which operates UK travel sites for brands including Starbucks and Upper Crust, has reported a 2.7% increase in like-for-like sales in its third quarter.
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NewsFreshpack to close after low margins deter buyers
Frozen pies and snacks manufacturer Freshpack is to close following an unsuccessful search for a buyer.
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Product NewsFinsbury Food Group fights ’unprecedented’ cost hikes
Finsbury Food Group says it will deliver profits in line with expectations despite “unprecedented commodity and labour inflation”.
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NewsPrescot bakery in £30,000 crowdfunding push
An independent bakery in Prescot has raised almost £10,000 in 13 days as part of a £30,000 crowdfunding push to help expand its business.
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Product NewsAB Mauri completes Holgran / Fleming Howden acquisition deal
AB Mauri has acquired ingredients suppliers Holgran and Fleming Howden from Rank Hovis Milling.
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Product NewsMargins threatened by rise in wheat and butter costs
Bakers are facing continued increases in wheat prices as a result of the dry weather – as butter once again heads towards record highs.
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NewsTesco and Carrefour to agree joint purchasing deal
Tesco and global retail giant Carrefour are set to enter a long-term strategic alliance designed to help the businesses lower prices.
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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.