All Finance articles – Page 55
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NewsPromise Gluten Free sells majority stake to Mayfair Equity Partners
Irish free-from bakery supplier Promise Gluten Free has sold its majority stake to private equity firm Mayfair Equity Partners.
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Product NewsPremier Foods Q1: Cake sales growth offset by grocery brands decline
New gluten-free Mr Kipling products have helped drive growth in Premier Foods’ cake division – although a steep drop in sales of grocery lines has dragged down the company’s overall performance.
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NewsTasties of Chester rescued from administration
Food-to-go supplier Tasties of Chester has been rescued from administration in a deal that has saved 188 jobs.
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NewsWelsh bakery business Cake Crew to expand
Wales-based business Cake Crew is expanding to meet growing demand for its cupcakes.
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Product NewsButter shortage looming, warns Arla boss
Bakers are set to face a butter shortage by the end of this year, according to comments by the boss of dairy giant Arla.
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NewsOle & Steen bakery owner Lagkagehuset sold
Danish bakery business Lagkagehuset – owner of the Ole & Steen bakery brand – has been acquired by private equity firm Nordic Capital.
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NewsReal Good Food invests £15.5m in Renshaw and Haydens
Real Good Food is to invest £15.5m in subsidiaries Renshaw and Haydens Bakery.
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NewsCompetitive wrapped bread market takes £25m toll on Warburtons
Warburtons’ turnover fell more than £25m last year as the “increasingly competitive” wrapped bread market impacted the business.
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NewsThomas the Baker raises £10k for British Heart Foundation
Yorkshire-based Thomas the Baker has presented a cheque for £10,000 to the British Heart Foundation.
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NewsCosta sales up 8.7% as Whitbread records ‘good start’ to year
Whitbread has reported an 8.7% hike in total sales at Costa in its first-quarter results for the 13 weeks to 1 June.
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NewsTale of two markets: Aryzta European sales rise as US business falls
Group sales at global bakery business Aryzta have remained flat despite growth in its European division.
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NewsSSP Group sales rise 8.1% to more than £1bn
Profits at Starbucks and Upper Crust travel sites operator SSP have soared by almost a quarter as sales break the £1bn mark.
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NewsPatisserie Valerie sales up 16% as store openings continue
Patisserie Valerie owner Patisserie Holdings has reported double-digit increases in revenue and profits.
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NewsJempson’s and The Rye Bakery merge baked goods production
Sussex retail and café business Jempson’s is to create a ‘state of the art’ bakery operation in partnership with The Rye Bakery.
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NewsPremier Foods FY results: ‘challenging’ year brings £12m profits slump
Full-year profits at Mr Kipling owner Premier Foods have fallen by almost 10% in what the company described as a challenging year.
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NewsBakery packaging supplier Pulse Flexible Packaging to lose 150 jobs
Pulse Flexible Packaging, which supplies businesses including Walkers Shortbread and Samworth Brothers, is to start production again after entering administration earlier this month.
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NewsWeak sterling and high sugar prices drive 19% ABF revenue hike
Allied Bakeries owner Associated British Foods (ABF) has reported 19% year-on-year growth in revenue to £7.3bn in the first half of its financial year.
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NewsHill Biscuits in management buyout
Private equity investor LDC has backed a management buyout of Manchester-based Hill Biscuits.
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NewsFewer deals but brands not budging on price, says IRI
The IRI’s new Big Question report on the grocery price war revealed it has saved UK shoppers £9.3bn over three years.
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NewsTesco sales driven by strong food growth
Tesco has announced sales growth and profit recovery in its preliminary results for 2016/17, its first UK like-for-like sales rise since 2009/2010.