All Finance articles – Page 66
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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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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 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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NewsPaul increases turnover to £28.7m
Turnover at French bakery and café Paul is up 17% in its results for the year ended 31 December 2015, and group turnover increased to £28.7m.
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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.
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Product NewsWest Cornwall Pasty Co sales up 20%
Pasty operator West Cornwall Pasty Co (WCPC) has reported like-for-like (LFL) sales are up 20% for the year ending 31 March.
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NewsBig four supermarkets see sales slide
The grocery market continues to struggle, with the big four supermarkets all suffering a drop in sales for the 12 weeks to 24 April, and Asda faring the worst according to Kantar Worldpanel.
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NewsFood to go boosts sales at Morrisons
Morrisons has reported a second quarter of rising like-for-like (LFL) sales, as it continues to cut costs and prices, although total sales fell due to store closures.
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NewsSainsbury’s underlying profits down 14%
Sainsbury’s has announced a fall of 14% in underlying yearly profits in its trading update, but saw a turnaround in pre-tax profits, which were up by £620m.
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NewsWhitbread acquires Pure stake for £6.8m
Costa Coffee owner Whitbread has announced that it has acquired 49% of London-based food-to-go chain Healthy Retail Ltd, which trades as Pure, for £6.8m.
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NewsAsda to change "misleading" promos
Supermarket giant Asda has agreed to make changes to “misleading” promotional practices as part of a wider crackdown by The Competition and Markets Authority (CMA).
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NewsVillage Bakery wins south Wales Tesco contract
Wrexham-based Village Bakery has struck a deal to supply 27 Tesco stores in south Wales, adding to the 16 it already sells to in north Wales.
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NewsCosta sales up 15.7%
Costa Coffee owner Whitbread has reported that UK retail sales at Costa were up 15.7% in the year ending 3 March.
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NewsMajor shareholder accuses Premier Foods of ‘arrogance’
A major shareholder has accused Premier Foods of “arrogance” in its handling of US suitor McCormick.
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NewsDumfriesshire bakery sells to garage firm
Dumfriesshire-based Gretna Bakery has been sold for an undisclosed sum to garage business Hills of Lakeland.
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NewsWaitrose exports biscuits to China
The supermarket has started to sell its Waitrose Duchy Organic biscuits to China, as part of a new deal to export to the country for the first time.
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Product NewsNew export guidance from FDF and FDEA
The new guidance for food and drink manufacturers from the Food and Drink Federation (FDF) and the Food and Drink Exporters Association (FDEA) is designed to help exporters compete in the global marketplace.
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Product NewsPret sales up thanks to breakfast
High street coffee chain Pret A Manger’s financial results for the 52 weeks to 31 December 2015 showed group sales were up 13.9% year on year (YOY) to £676.2m (+7.5% like-for-like). Ebitda was up 14.5% to £84.3m.
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Product NewsABF profits up despite “challenges” in bakery
Kingsmill owner Associated British Foods (ABF) has seen grocery profits rise, despite a fall in sales and “challenges” within the UK bakery market.
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NewsCoffee sales to hit over £3bn in 2016
Coffee shop’s sales are expected to hit £3.14bn this year, according to new research by Mintel.