All Finance articles – Page 52
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NewsPatisserie Valerie expands into Doncaster
Patisserie Valerie (PV) is to open its 119th outlet at the Frenchgate Shopping Centre, Doncaster as it continues a rapid expansion.
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NewsTesco sells Harris + Hoole to Caffè Nero
High street coffee chain Caffè Nero is to acquire the coffee chain Harris + Hoole from Tesco.
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Product NewsCosta boosts Whitbread performance
Whitbread-owned Costa Coffee has boosted the group’s overall Q1 performance for the 13 weeks to 2 June 2016, with total sales at the high street coffee chain up 11.5% to £414.3m and retail like-for-like (LFL) sales increasing by 2.6%.
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NewsStag completes £5k programme
Stornoway-based Stag Bakeries has announced the completion of a £525k investment programme.
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Product NewsCentral Bean expands
Coffee shop chain Central Bean is set to expand beyond its north east stronghold.
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NewsTop change at Asda
Walmart has confirmed Andy Clarke will step down from his post as chief executive and president of Asda in July.
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Product NewsOcado shares plummet as Amazon Fresh launches
Ocado shares are at a three-year low following the UK launch of Amazon Fresh, which is making it more susceptible to a takeover, according to City experts.
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NewsRobinson’s opens fourth shop
Wolverhampton bakery chain Robinson’s has opened its fourth store, in Chapel Ash. Owned by Valencia Fine Foods, it is operating out of former Firkins Bakery sites.
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Product NewsAncient grain markets to grow by over 20%
The global seed market is predicted to be worth £4.43bn by 2020, and ancient grain markets are set to experience a 20% growth, according to global market research and consulting firm Mordor Intelligence.
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NewsUnited Biscuits part of new firm
United Biscuits (UB) owner Yildiz Holdings has combined its global biscuits and confectionery businesses to form a new company worth £3.57bn ($5.2bn).
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NewsSainsbury’s reports ‘solid’ start to year
Sainsbury’s has reported a slight 0.8% drop in Q1 like-for-like retail sales (excluding fuel).
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NewsTesco to sell Giraffe
Tesco is expected to announce the sale of its Giraffe restaurant chain, which has reignited speculation that the Euphorium bakery chain and coffee shop chain Harris + Hoole will be next.
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Product NewsTiptree sales up 10.6%
Essex-based jam and marmalade maker Tiptree has increased sales by 10.6% to exceed £40m for the first time, but profits were affected by abandoned factory expansion plans.
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NewsOliver Adams saved from collapse
Oliver Adams, the Northamptonshire bakery chain which recently closed 11 sites, has entered into a Company Voluntary Agreement (CVA) – in a bid to save the company.
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Product NewsCookie Crumbles to export to Middle East
London-based baking mix producer Cookie Crumbles has announced it will sell products across the Middle East.
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NewsOliver Adams to close nine bakeries
Northampton bakery Oliver Adams closed two outlets, and will close nine in total. It has said it is restructuring, because some outlets are “losing money hand over fist”.
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Product NewsABF’s Illovo acquisition confirmed
Kingsmill owner Associated British Foods (ABF) has confirmed that its proposal to move to full ownership of Illovo Sugar will go ahead.
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Product NewsTate & Lyle profits up by 5%
Ingredients maker Tate & Lyle has posted flat sales but has seen a boost to profits, with unadjusted pre-tax profits rising from £25m to £126m.
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Product NewsM&S food ‘outperforms a competitive market’
Profits at Marks & Spencer (M&S) dropped by a fifth, it announced in its full-year results today. But food fared better than its other divisions, despite “difficult trading conditions”.
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NewsCosta Coffee starts accepting Android Pay
Costa Coffee has announced it is accepting payment with the Android Pay app at participating stores.