All Finance articles – Page 66
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NewsRobinson’s opens fourth shop
Wolverhampton bakery chain Robinson’s has opened its fourth store, in Chapel Ash. Owned by Valencia Fine Foods, it is operating out of former Firkins Bakery sites.
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NewsUnited Biscuits part of new firm
United Biscuits (UB) owner Yildiz Holdings has combined its global biscuits and confectionery businesses to form a new company worth £3.57bn ($5.2bn).
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NewsTesco to sell Giraffe
Tesco is expected to announce the sale of its Giraffe restaurant chain, which has reignited speculation that the Euphorium bakery chain and coffee shop chain Harris + Hoole will be next.
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NewsSainsbury’s reports ‘solid’ start to year
Sainsbury’s has reported a slight 0.8% drop in Q1 like-for-like retail sales (excluding fuel).
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Product NewsTiptree sales up 10.6%
Essex-based jam and marmalade maker Tiptree has increased sales by 10.6% to exceed £40m for the first time, but profits were affected by abandoned factory expansion plans.
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NewsOliver Adams saved from collapse
Oliver Adams, the Northamptonshire bakery chain which recently closed 11 sites, has entered into a Company Voluntary Agreement (CVA) – in a bid to save the company.
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Product NewsCookie Crumbles to export to Middle East
London-based baking mix producer Cookie Crumbles has announced it will sell products across the Middle East.
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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 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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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 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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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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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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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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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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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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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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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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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.