All Finance articles – Page 72
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NewsMontana Bakery suffers profit drop
Montana Bakery, the artisan wholesale bakery, has reported a slump in operating profit from £1.3m to £1.2m for the 12 months to 28 March 2015.
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NewsGreggs reportedly planning 12 NI stores in 2016
High street bakery Greggs will reportedly open at least 12 stores in Northern Ireland in 2016, and its first stand-alone shop in the country will open in Belfast in March.
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NewsWest Cornwall Pasty Co suffers pre-tax loss
The UK’s largest pasty operator has announced an underlying profit of £551,000, despite having posted a pre-tax loss of £195,000.
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NewsSeasonal bakery sales up thanks to sweet-toothed shoppers
Christmas cake, pudding and confectionery sales were up 8.3% on 2014 as UK consumers spent £219m in the two weeks leading up to Christmas.
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NewsWrights Food Group doubles production capacity
Wrights Food Group has installed a £1.2m pie production line, which it says will double its pie production capacity.
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NewsRecord seasonal trading days for Waitrose
Waitrose reported record trading days on 23 and 24 December, despite the challenging grocery market.
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NewsVillage Bakery bids to build £16m plant
Village Bakery, the Wrexham-based craft business, has applied for planning permission to build a new £16m plant.
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NewsFox’s Biscuits sale speculation
Fox’s Biscuits, the UK’s fourth largest biscuit manufacturer, may be sold by owner Boparan Holdings, according to people close to the issue.
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NewsPieminister returns to profitability
Pieminister, the luxury pie manufacturer and restaurant chain, has reported profits of £99,000 for the 12 months to 31 March 2015, reversing the previous year’s loss of £109,000.
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Review of the Year: Part 1
The past year has produced plenty to celebrate for our industry, with strong investment in production equipment, moves to propagate the next generation of bakers and, to cap it all, the best British wheat harvest on record. British Baker looks back over the top 10 successes of the year.
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Review of the Year: Part 2
Sadly, 2015 could not all be about good news. It was a tough year for craft bakeries and even mighty brands like Hovis found themselves needing to cut costs. This was also the year the health debate around sugar erupted, with the full effect perhaps yet to be felt in 2016.
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Looking Forward: 2016 trends and threats
The New Year is bound to bring a fresh wave of challenges to the baking industry, with the effects of the sugar tax drama yet to be felt and the National Living Wage coming into force.
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Product NewsBaked goods sales to tumble 5% by 2020
UK sales of bread and baked goods are set to fall by 5.3% over the next five years, according to a report by market insight company Mintel, with market value dropping from £3.9bn to £3.7bn.
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NewsCake sales fall in run up to Christmas
Christmas cake and pudding sales have slumped in the run up to Christmas, down 5.3% on last year for the two weeks to 12 December.
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NewsDestiny Foods to triple storage with new warehouse
Destiny Foods, the Manchester-based foodservice patisserie firm and distributer, has bought a 30,000sq ft warehouse which it says will triple its storage capacity.
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NewsGreggs opens 100th franchise store
Greggs, the high street bakery, recently passed 100 franchise stores as it opened another partnership with fuel station forecourt manager Euro Garages.
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NewsStarbucks UK’s profits leap forwards
Starbucks UK has seen year-on-year pre-tax profits jump £32.2 million to reach £34.2m in the year to 27 September.
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Product NewsCoffee shops forecast to reach £15bn in next 10 years
Britain’s love affair with coffee looks set to continue with the UK coffee shop market expected to be worth over £15bn by 2025, according to the latest report from Allegra World Coffee Portal.
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News2 Sisters sees quarterly drop in sales and profits
Boparan Holdings – the owner of 2 Sisters Food Group, which runs Holland’s Pies and Fox’s Biscuits, saw sales slump by 3.5% to £778.3m in the three months to 31 October.
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NewsRecruitment firm urges flexibility ahead of Living Wage
The founder of a Glasgow-based recruitment agency for the food and drink and hospitality industries has warned that businesses need to adopt a “flexible labour mode” ahead of the National Living Wage (NLW).