All Finance articles – Page 62
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NewsOliver Adams to close nine bakeries
Northampton bakery Oliver Adams closed two outlets, and will close nine in total. It has said it is restructuring, because some outlets are “losing money hand over fist”.
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Product NewsABF’s Illovo acquisition confirmed
Kingsmill owner Associated British Foods (ABF) has confirmed that its proposal to move to full ownership of Illovo Sugar will go ahead.
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Product NewsTate & Lyle profits up by 5%
Ingredients maker Tate & Lyle has posted flat sales but has seen a boost to profits, with unadjusted pre-tax profits rising from £25m to £126m.
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Product NewsM&S food ‘outperforms a competitive market’
Profits at Marks & Spencer (M&S) dropped by a fifth, it announced in its full-year results today. But food fared better than its other divisions, despite “difficult trading conditions”.
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NewsCosta Coffee starts accepting Android Pay
Costa Coffee has announced it is accepting payment with the Android Pay app at participating stores.
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NewsFoodservice growth rate to slow by end of year
The UK foodservice market is continuing to grow, according to foodservice consultancy Horizon, although the rate of growth is expected to slow.
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Product NewsWarburtons most-bought FMCG brand
Bread giant Warburtons has topped a list of the UK’s most-bought fast moving consumer goods (FMCG) brands. There are four bakery brands in the top 10.
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NewsSSP reports profit leap
SSP, the travel location foodservice brand operator, has reported a 41.5% surge in underlying profit before tax from £16.4m to £23.2m for the six months to 31 March 2016.
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NewsMcCormick was a ‘phantom bid’ says Premier
Gavin Darby, chief executive of Premier Foods, has said a firm bid from the American spice firm never happened.
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News5 things to learn from Patisserie Holdings
Patisserie Holdings, which owns the high street bakery chain, released its results today. We take a closer look at what they mean for Patisserie Valerie.
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NewsPatisserie Holdings ebitda up 21.3%
Patisserie Holdings, owner of high street bakery Patisserie Valerie, saw ebitda increase 21.3% to £10.6m, and revenue grow 14% to £50m, up from £43.7m in the first half of the last financial year.
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Product NewsPremier Foods reports £86.1m profits
Premier Foods, the manufacturer of Mr Kipling and Cadbury cakes, has reported a 3.5% rise in pre-tax profits to £86.1m for the year to the start of April.
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NewsRenshaw partners with software provider
Baking ingredients manufacturer Renshaw has partnered with Coventry-based PCMS Group to help manage and build client relationships.
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NewsJason Cotta new MD for Costa UK
High street coffee chain Costa Coffee has appointed a new managing director for the UK and Ireland in Jason Cotta.
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Product NewsBakkavör reports “solid revenues” in Q1
Fresh prepared foods manufacturer Bakkavör has reported £415.8m revenue in its first-quarter results for the 13 weeks to 26 March.
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Product NewsHotel Chocolat’s shares rocket following stock market debut
Hotel Chocolat, the upmarket confectioner, has seen shares surge after the company listed on the stock market for the first time this week.
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Product NewsElizabeth Shaw bought by Colian
British chocolate brand Elizabeth Shaw has been acquired by Polish confectionery producer and distributor Colian Holding SA.
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NewsKrispy Kreme agrees to US sale
The US doughnut company Krispy Kreme has agreed to be bought by Kenco coffee owner, JAB Holding, for £935m ($1.35bn).
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Product NewsPartial sale of bakery supplier BFP Wholesale agreed
Part of the collapsed bakery ingredients supplier BFP Wholesale has been bought by a firm which is run by a director of Kent Foods for an undisclosed sum, British Baker can reveal.
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Product NewsGreggs sales up thanks to sandwiches
Greggs, the high street bakery, has reported like-for-like (LFL) sales were up 3.7% for the first 18 weeks of the year, which it credited to hot sandwiches and breakfasts.