All Finance articles – Page 53
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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.
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NewsConsumer spending confidence ‘at highest level on record’
British consumer spending confidence is at its highest recorded level, according to analysts Nielsen.
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NewsCBA takes action in face of business rates furore
Trade body the Craft Bakers’ Association (CBA) has raised concerns about the impact of business rates hikes with Chancellor Philip Hammond.
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NewsBaker puts £8.17 price tag on sausage rolls to highlight business rates threat
Two Magpies Bakery in Southwold has hit the national press after advertising sausage rolls for £8.17 – a 177% mark-up on the usual £2.95 price tag.
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Product NewsUK food and drink exports exceeds £20bn
Exports of baked goods including bread rose 11.3% year on year to £117.6m in 2016, according to new figures from the Food & Drink Federation (FDF).
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Product NewsVIDEO: How technology can play a big role in the baking industry
British Baker spoke with Shilpa Agarwal, sales and marketing director for the Indian market, on how food-tech companies are currently thriving in India.
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Product NewsREVEALED: Five big trends driving the food-to-go market
Grocery research organisation IGD has identified the top five trends that will shape the food-to-go market for the future.
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Product NewsAryzta boss Owen Killian quits in major management shake-up
Aryzta has announced a top-level management shake-up, with chief executive Owen Killian among a trio of senior figures to leave the bakery business.
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NewsConsumer spending up according to Barclaycard
The latest consumer spending figures from Barclaycard have shown that, following a lull in December, record expenditure on essential items drove a 4.4% uplift in consumer spending in January.
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NewsSayers sales and profits fall in ‘challenging’ year
Consumer uncertainty following the Brexit referendum made for a challenging financial year, Sayers the Bakers has reported.
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Product NewsReal Good Food raises prices as cost increases hit margins
Renshaw and Haydens owner Real Good Food has raised prices as its margins come under pressure from commodity price hikes.
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NewsFood-to-go drives 9.1% like-for-like sales growth at Greencore
Strong food-to-go sales have driven a 9.1% increase in like-for-like revenue at Greencore Group in the 13 weeks to 30 December 2016.
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NewsTesco and Booker to merge in £3.7bn deal
Tesco and wholesaler Booker Group – which includes the Premier, Londis and Budgens symbol groups – are merging to create “the UK’s leading food business”.
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NewsMystery suitor makes move to acquire Fox’s Biscuits from 2 Sisters
An unnamed business has made an approach to acquire Fox’s Biscuits.
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Product NewsGreggs trading update: Food-to-go continuing to drive growth
Greggs says its “growing strength” in food-to-go has contributed to a 4.2% hike in like-for-like sales through its company-managed stores in the past year.
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NewsIrwin & Sons back in profit
Northern Ireland-based bakery Irwin & Sons returned to profit in 2016 after reporting a loss the previous year.