All Finance articles – Page 5
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NewsPret 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.
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Bakkavor update: bread, pizza and desserts improve
Bakkavor has reported signs of recovery in some product areas as consumer habits adapt to the coronavirus pandemic.
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Cornish Bakery gets CBILS loan from Clydesdale Bank
The Cornish Bakery has secured £1m funding through the Coronavirus Business Interruption Loan Scheme (CBILS) from Clydesdale Bank.
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SSP H1 results: coronavirus hits turnover at travel site operator
Like-for-like turnover fell 8.4% at travel sites operator SSP due to the impact of coronavirus.
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Mini Miss Bread in Saffron Walden crowdfunds
Essex-based Mini Miss Bread has launched a crowdfunding campaign.
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Roberts Bakery turnover up £3.1m in 2019
A radical relaunch of its Roberts Bakery brand has led to a significant increase in sales revenue for Frank Roberts & Sons.
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Nearly 2,200 Adelie Foods staff made redundant
Nearly 2,200 employees at food-to-go specialist Adelie Foods have been made redundant after joint administrators Deloitte were unable to secure a sale for the business as a going concern.
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Cakesmiths in Bristol secures funding from Lloyds Bank
Bristol-based Cakesmiths has secured funding from Lloyds Bank amid the Covid-19 pandemic.
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Lotus Bakeries ups stake in Natural Balance to 98%
Lotus Biscoff owner Lotus Bakeries has increased its ownership of Natural Balance Foods to 97.9%.
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Administrators called in at sandwich maker Adelie
Sandwich manufacturer Adelie Foods has appointed administrators Deloitte following the impact of Covid-19 on its business.
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Aryzta turnover plunges by 21% due to Covid-19 impact
Covid-19 has caused revenue at bakery business Aryzta to fall more than 20% year on year, the company has reported.
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Aryzta shareholders launch bid for board shake-up
Bakery business Aryzta is facing calls from shareholders for a major shake-up of its executive board.
