All Finance articles – Page 62
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NewsFDF reveals rise in UK exports to non-EU countries
The Food and Drink Federation (FDF) has announced British food and drink exports are up by 6.2% in the first half of 2016 compared to the same period last year, following the fall of the pound since Brexit.
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NewsTim Horton’s to extend to UK market
Canadian and US restaurant chain Tim Horton’s will expand into the UK market after announcing a joint venture with a British investor.
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NewsWest Cornwall Pasty Co continues profitable turnaround
West Cornwall Pasty Company has released its latest financial statement, with sales figures of £13m and underlying like-for-like sales increasing by 7.6% for the year ending 25 March 2016.
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NewsInsomnia announces Blakemore & Son partnership to increase store numbers
Irish coffee shop chain Insomnia has announced a partnership with Spar petrol forecourt operator Blakemore & Son as it aims to increase its UK store count to 12 by the end of this year.
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Product NewsHershey rejects Mondelez takeover bid
Mondelez International, owner of Cadbury, has had its latest £19bn takeover offer for US snack and confectionary manufacturer Hershey rejected and will now end its attempts to acquire the company.
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NewsTesco sells Euphorium Bakery
Tesco has agreed to sell its Euphorium Bakery business for an undisclosed sum.
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News‘Bake Off’ effect hits Manchester
Greater Manchester has seen a 27% rise in specialist bakeries since The Great British Bake Off series first aired in 2010, according to the Office for National Statistics.
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NewsBread Factory and Gail’s bakery sales climb
The Bread Factory and Gail’s artisan bakery annual revenues are up by 41.5%, suggesting that UK consumers’ hunger for artisan bread shows no signs of dying out.
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NewsAsda suffers largest quarterly sales decline in history
Supermarket giant Asda has been hit with the biggest sales decline in its history, as like-for-like sales decreased by 7.5%.
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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.