All Finance articles – Page 55
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NewsCooplands of Doncaster sold in pre-pack administration deal
Doncaster-based craft bakery business Cooplands has been saved in a pre-pack administration deal.
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NewsOctober brought highest growth in consumer spending since 2011, says Barclaycard
Consumer spending rose 5.5% year-on-year in October, the highest growth since Barclaycard began publishing data on consumer finances in 2011.
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Product NewsWalkers products set to rise by 5p following weakening of the pound
Britain’s biggest crisp brand Walkers is set to increase prices of its products by 5p as a result of the pound weakening.
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NewsFourth consecutive quarter of LFL growth at Morrisons
Morrisons – which was crowned In-store Bakery Retailer of the Year at the Baking Industry Awards in September – has reported its fourth consecutive increase in like-for-like sales.
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NewsBuoyant first half for Tate & Lyle
Global ingredients supplier Tate & Lyle has seen a strong first half, boosting its expectations for its full-year results.
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NewsBoparan records encouraging Q4 performance for branded divisions
Fox’s Biscuits and Goodfellas pizza owner Boparan Holdings has reported a positive branded divisional performance with Q4 like-for-like sales up 3.2% to £91.1m.
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NewsThe Cheese Truck smashes £100k crowdfunding goal
Grilled cheese street food operator The Cheese Truck has smashed its crowdfunding target of £100k after an investment of more than £50k in less than 24 hours.
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NewsFDF holds Exiting the EU event
The Food and Drink Federation (FDF) has held a landmark Exiting the EU event with former deputy prime minister Nick Clegg among a number of key speakers.
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NewsGALLERY: Is your bakery making the most of market trends?
Matthew Verity, business unit director, chilled and bakery at Kantar Worldpanel UK, addressed the recent British Society of Baking (BSB) Autumn Conference.
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Product NewsBarry Callebaut stays bullish amid ‘difficult’ European market
Chocolate giant Barry Callebaut Group said it bucked a difficult trading in Europe to grow sales of its products to food manufacturers.
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Product NewsMondelēz brands boost organic sales in third quarter
Mondelēz brands Oreo, Ritz and Cadbury Dairy Milk have contributed to the multinational’s organic sales increase of 1.1% in the third quarter.
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NewsNew York Bakery Co scales back pre-tax losses
The New York Bakery Co has steadied its sales and has cut its losses during a strong year.
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NewsHigh street store decline continues to accelerate
High street stores have taken a major hit, with PwC research produced by the Local Data Company finding that 15 stores closed every day in the first six months of this year.
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Product NewsNFU specialist reminds manufacturers over product recall issues
Paul Shattock, food and drink sector specialist at commercial insurer the National Farmers Union - trading as NFU Mutual - has reminded manufacturers of the importance of risk management to avoid product recall issues on a global scale.
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NewsArtisan food sales benefit smaller manufacturers
Sales of artisan food have helped smaller and medium-sized manufacturers to grow profit margins to 6.8% of turnover over the past year, according to research by law firm EMW.
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Product NewsGrocery searches soar across mobile devices
Shoppers searched for groceries on their smartphones 11% more in Q3 2016 compared to the previous quarter, according to Google and the British Retail Consortium (BRC).
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NewsCosta continues multiple channel strategy as sales rise
Costa’s total UK retail sales rose 10.1% in the first half of 2016/17 amid total revenue growth for Whitbread of 8.1% to £1.6bn in the six months to 1 September 2016.
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NewsFood and Drink International Action Plan: Andrea Leadsom encourages export growth
Secretary of State for Environment, Food and Rural affairs Andrea Leadsom has published the UK Food and Drink: International Action Plan from 2016 to 2020 – outlining the encouragement for export growth in the baking industry.
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NewsHotel Chocolat profits up 90%
Luxury chocolatier and retailer Hotel Chocolat has recorded a massive increase in profits for the year to 26 June 2016, thanks to a focus on the dark side.
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Product NewsNick Clegg: ‘Food prices face cliff edge if UK leaves Single Market’
Liberal Democrat politician Nick Clegg has warned that UK food prices will see a steep hike if the government opts for a hard Brexit and leaves the Single Market.