All Finance articles – Page 60
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Product NewsSugar tax popular with consumers, finds study
Nearly half (48%) of consumers agree with the sugar tax and a large proportion of them want more products, such as cakes and biscuits, to be added to it, according to market research firm Future Thinking.
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NewsBurton’s reveals growth plan following licence sale to Mondelēz
Burton’s Biscuit Company has unveiled its plans for expansion following the sale of its Cadbury biscuit licence to Mondelēz International.
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NewsGenesis Crafty bullish on exceeding £16m in sales
Northern Irish family bakery Genesis Crafty has said it is confident its 2016 turnover will exceed that of last year following a rise in sales to almost £16m in the year ending October 2015.
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NewsMondelēz to complete Cadbury biscuit takeover
Mondelēz International has agreed to buy the global licence for Cadbury-branded biscuits from Burton’s Biscuit Company.
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Product NewsPhone app designed to ‘fight war on food waste’
Entrepreneurs Jamie Crummie and Chris Wilson have designed an app to offload bakery products that are destined for the bin at a discounted price.
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NewsBakkavör enjoys Q2 revenue increase
International food manufacturer Bakkavör has seen revenues rise 3.2% to £438.7 million in its second-quarter (Q2) results for the 13 weeks ended 25 June 2016, compared with the same 2015 period.
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Product NewsCake sales show no signs of crumbling
Last year cake sales grew at the fastest rate since 2011, with the market estimated to have grown by 3% to reach £1.22bn, according to research by analyst Mintel.
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Product NewsUK wheat traders may capitalise on poor French harvest
French analysts have revised down their expectations for the country’s milling wheat harvest, but UK traders are eyeing export opportunities to North Africa.
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NewsConsumer spending slowed in July
The latest Barclaycard consumer confidence research has shown caution among consumers, as spending rose 2.6% in July, with growth levels down on those seen in May and June.
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NewsWalls under new ownership after American takeover
Shetland-based Walls Bakery has been taken over by American entrepreneur Bruce Gilardi and has changed its name to Waas Bakery.
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News£15m MBO for biscuit and confectionery marketer
A £15m Yorkshire-based biscuit and confectionery specialist Right Angle Marketing (York) has been sold in a management buy-out (MBO) for an undisclosed seven-figure sum.
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Product NewsFrozen pizza and white bread buck rising grocery price trend
Frozen pizza and white bread have fallen in price despite the cost of a basket of popular supermarket items jumping by 1% in July, latest figures from mysupermarket.co.uk show.
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NewsGreggs reports 6% sales boost for H1
Leading bakery food-on-the-go retailer Greggs has seen total sales rise 6% to £422m for the 26 weeks ended 2 July 2016.
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NewsHaydens Bakery turns in positive sales despite narrower range
Renshaw Food Group has revealed a positive performance for its premium bakery division in its financial results to 31 March 2016, announced today.
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NewsBakery items reduced by 18% in latest Morrisons move
Morrisons is slashing prices on its bakery, cakes and desserts by an average of 18% as part of the retailer’s biggest price crunches on 1,045 products.
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Product NewsSugar arm disposal transforms Real Good Food’s performance
Real Good Food has reported a statutory profit before tax of £12.9m for the year ending 31 March 2016.
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Product NewsTaura celebrates 20th anniversary with on-track sales targets
Global ingredients company, Taura Natural Ingredients will celebrate its 20th anniversary with the news that its European sales are on target to increase by 20% this year.
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Product NewsBakery creates the world’s most expensive cronut
London-based artisan bakery Dum Dum Donutterie has produced the world’s most expensive ‘cronut’ – costing £1,500.
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Product NewsGreencore reaps benefits of food to go
Food to go has continued to drive sales for manufacturer Greencore Group’s convenience division.
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NewsGrocery trade escapes immediate Brexit fallout
Brexit has had little impact on grocery share figures, according to the latest data from research firm Kantar Worldpanel.