All Finance articles – Page 75
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Finsbury’s share price hits highest level in a year
Finsbury Food Group’s share price closed yesterday (23 March) almost 6% higher than on opening that day at 73.6p, up 5.9%.
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Finsbury turns in positive revenue performance
UK bakery manufacturer Finsbury Food Group has posted group revenue up 24.1% to £107.6m following it’s acquisition of Fletchers Group last year.
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UK food and drink enjoy global demand
UK food and non-alcoholic drink exports have almost doubled in value over the past 10 years, growing 2.6% in 2014 to £12.8bn.
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Starbucks reveals five-year growth strategy
Coffee giant Starbucks yesterday outlined a major seven-stage plan for the brand, including growing the number of stores from 22,000 to 30,000 worldwide, with a particular focus on China and on tea.
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BB’s Coffee & Muffins chain sold
The BB’s Coffee & Muffins chain has been bought by private equity company Brentwood Investments for a sum rumoured to be around €10m (£7.1m).
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Waffle retailer reveals plans for expansion
Belgian waffle specialist Wafflemeister plans to double its UK sites in 2015 and reach £5m in revenue by year-end.
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‘Radical’ review of business rates launched
The UK Treasury has launched its largest review of business rates in the UK in ‘a generation’, a move that will affect 1.8m properties in England which currently pay the tax.
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Aryzta sees demand for bakery in half-year results
Swiss bakery specialist Aryzta has announced a revenue increase of 17.2% to €1.86bn (£1.33bn) in its food group for the six months to 31 January 2015.
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Investment curbs Waitrose profits, despite sales rise
Waitrose has posted an increase in gross sales of 6.5% to £6.51bn in its unaudited results for the 53 weeks ending 31 January 2015.
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Private equity firm snaps up Adelie Foods
Food-to-go giant Adelie Foods has been acquired by the European arm of global private equity firm, H.I.G Capital.
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Foodservice forecast to grow by £10bn in next four years
The UK foodservice sector is set for value growth of £10bn giving it a worth of £56.3bn by 2019, according to consultancy Horizons.
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Ocado sees sales up while average order value declines
Online retail giant Ocado has seen sales for the group rise by 19.2% to £271.1m, despite a decline in average order value.
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Greggs’ results by numbers
High street bakery chain Greggs has posted its 2014 preliminary results including its best own-shop like-for like sales since 2007.
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Greggs posts strong 2014 performance
The chief executive of high street bakery giant Greggs has praised “an exceptional step-up in performance” for the brand in 2014 as it revealed total sales were up 5.5% to £804m and own-shop like-for-like sales had risen 4.5%.
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Exclusive: Allied Bakeries’ chief executive to leave
The chief executive of Allied Bakeries is to leave the business – just weeks after parent company Associated British Foods (ABF) declared the UK bakery market “intensely competitive”.
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Morrisons appoints new chief executive
David Potts, the former boss of Tesco in Ireland and Asia, has been appointed as the new chief executive of Morrisons.
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ABF warns of lower profit for Kingsmill, amid competitive market
Associated British Foods (ABF) has said the UK bakery market “remains intensely competitive” and expects Kingsmill owner Allied Bakeries’ profit to be lower than last year as a result.
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Brighton bakery opens sites and expands wholesale
The Flour Pot Bakery in Brighton is to open two more sites, as it also secures its first London customers for wholesale.
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Tesco names new chairman
Tesco has appointed John Allan as chairman following Robert Broadbent’s decision to step down in October last year.
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Bakkavör reports 4% growth in LFL revenues
Bakkavör, a leading fresh food, pizzas and desserts producer, has seen full-year like-for-like revenues up 4% to £1.72bn for 2014.