All Finance articles – Page 6
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NewsNeal’s Family wins £5,000 community award grant
Lancashire-based Neal’s Family Bakery has won an award from dating and social networking app Bumble.
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Greencore turnover down 60% as food-to-go crashes
Turnover at Greencore is currently down 60% year on year following the slump in the food-to-go market.
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Government to give Trade Credit Insurance guarantee
The government is to temporarily guarantee business-to-business transactions currently supported by Trade Credit Insurance.
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FOB: Furlough scheme vital for foodservice bakeries
The extension of the job furlough scheme has been welcomed by a baking industry suffering from the collapse of the foodservice market.
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Aryzta halts production at eight of its bakeries
Aryzta has halted production in eight of its bakeries and furloughed almost a third of its staff to mitigate the impact of the coronavirus outbreak on trading.
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Former Genesis Crafty boss opens new bakery business
Brian McErlain, who was previously managing director of Genesis Crafty, has launched a new bakery company.
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Baked goods firm Arden sold to management team
Biscuits and baked goods supplier Arden Fine Foods has been acquired by its management team.
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Speedibake fire results in £25m exceptional charge
A fire that destroyed the Speedibake factory in Wakefield has resulted in a £25m exceptional charge for owner Associated British Foods (ABF).
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Burton’s Biscuits gives staff £100 ‘thank you’ payment
Around 1,800 of Burton’s 2,200 employees received the payment for their work at its five UK production sites.
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Premier workers get extra holiday and £250 bonus
Factory staff at Mr Kipling owner Premier Foods have been thanked by the business for helping it meet exceptional demand during the coronavirus outbreak.
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Cake Box says franchisees will recover from lockdown
Egg-free cake specialist Cake Box Holdings has said relatively low levels of rent and overheads will help its franchisee businesses recover from the impact of coronavirus.
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Renshaw furloughs half its staff as Covid-19 hits sales
Renshaw and Brighter Foods owner Real Good Food (RGF) has rationalised ranges and furloughed staff as the Covid-19 outbreak impacts demand for its products.
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Greencore furloughs staff as food-to-go demand falls
A sharp drop in demand for food-to-go has prompted Greencore to introduce a string of measures to reduce costs.
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Coronavirus: What grants are available to bakeries?
Gary Hemming, commercial lending director at finance broker ABC Finance, outlines the ways a bakery might access financial support
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SSP UK sales crash 80% as Covid-19 hits travel market
Travel-retail business SSP has seen UK and European like-for-like sales crash 80% year-on-year.
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Coronavirus: government to fund sick pay for SMEs
Small- and medium-sized businesses will be able to reclaim Statutory Sick Pay (SSP) for staff off work due to the Covid-19 coronavirus.
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Aryzta European revenue declines but earnings rise
Aryzta has reported a 2% organic decline in revenue from its European operation as the business refocuses on frozen bakery.
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Patisserie Valerie is merged with Bakers & Baristas
Causeway Capital, which acquired Patisserie Valerie last year, has merged the chain with its Bakers & Baristas business.
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Greggs: good start to 2020 but storms bring headwinds
Greggs has reported a “very strong start” to the year – but sales have since been hit by storms that battered the country in recent weeks.
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Monty’s Bakehouse bought by Asian catering firm SATS
Surrey-based Monty’s Bakehouse has been acquired by leading Asian foodservice supplier SATS.
