All Finance articles – Page 47
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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.
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NewsSSP Group profits up by almost a third year on year
New contracts and operational improvements have driven a 32.6% increase in underlying operating profit at travel site operator SSP Group.
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Product NewsNorthumbrian Fine Foods acquired by European firm
Gluten-free biscuit manufacturer Northumbrian Fine Foods has been acquired by European own-label firm Biscuit International from CriSeren Foods.
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Product NewsPremier branded cake sales down 3% across the year
Sales of branded cakes at Mr Kipling and Cadbury cakes supplier Premier Foods have fallen more than 3% year on year.
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NewsPatisserie Valerie up 13.2% as expansion continues
Revenue across the Patisserie Valerie brand has risen 13.2% in the past half-year.
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NewsNPD helps NI bakery Sweet Things treble sales
Sales at Northern Irish bakery Sweet Things have trebled to £1.5m over the past year, driven partly by NPD.
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NewsCrowdfunding helps gluten-free bakery plan second site
A gluten-free Edinburgh bakery plans to open a second store within the next year following a successful crowdfunding push that has raised more than £30,000.
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NewsSevere winter weather hits Greggs’ sales
Weak footfall caused by severe winter weather contributed to a like-for-like fall in Greggs’ sales during the first 18 weeks of the year.
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NewsSamworths’ Brooklands Bakery site facing closure
The Brooklands Bakery, previously part of the Euphorium bakery business owned by Tesco, is facing closure.
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NewsReal Good Food secures further £8.2m funding
Haydens and Renshaw owner Real Good Food has secured a further £8.2m financing – and stated that, without this, there was a “significant risk” it would not be able to trade.
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NewsAcquisition bid for Ministry of Cake owner
Private equity firm IK Investment Partners, which has interests in a host of food businesses across Europe, is aiming to acquire Mademoiselle Desserts.
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Product NewsAB Mauri acquires Holgran from Rank Hovis Milling
Bakery ingredients suppliers Holgran and Fleming Howden, parts of the Rank Hovis Milling business, are to be acquired by AB Mauri.
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NewsManchester bakery chain closes following robbery
Dawsons Bakery, which operated four shops in the Manchester area, has entered administration following a robbery at one of its sites.
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Product NewsWhat could Sainsbury’s/ Asda deal mean for bakers?
News of Sainsbury’s proposed merger with Asda – to create a £51bn-a-year retail behemoth – has caught much of the grocery world unawares.
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NewsThree-quarters of card payments in bakeries are contactless
Bakeries have the highest rate of contactless card payments of any merchant type in the UK in 2017, a study has revealed.
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Product NewsLantmännen invests £4.4m in Milton Keynes factory
Bakery supplier Lantmännen Unibake is to invest £4.4m in its Milton Keynes factory following growth in the burger market.
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NewsWhitbread to spin off Costa business in UK
Costa is to be demerged from the Premier Inns business and become listed as a separate company within the next two years.
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Product NewsKent Foods to buy Garrett Ingredients from RGF
Haydens and Renshaw owner Real Good Food is selling its Garrett Ingredients business to Kent Foods Limited.