All Finance articles – Page 77
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Product NewsCity analyst upbeat over Premier’s latest results
A leading City analyst has described the turnaround in revenue at Premier Food as “no mean feat” given the challenging FMCG climate.
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NewsLosses surge at Tesco coffee shop offshoot
Tesco is having to commit millions of pounds to keep solvent a rapidly expanding, loss-making coffee chain it part owns.
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Product NewsAB Mauri unveils new Centre of Excellence
Bakery ingredients supplier AB Mauri has officially opened its new Centre of Excellence.
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Product NewsAsian snacks firm gains funds for new production centre
An Asian sweets specialist has set up a manufacturing hub in Birmingham after securing a six-figure funding package from Barclays.
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NewsBakkavör increases workforce as sales rise
Bakkavör Desserts is to hire 160 extra staff members to help meet demand following an increase in sales.
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NewsMuffin Break opens second Welsh store
Muffin Break, the bakery café, has opened its second Welsh store in Newport as part of rapid expansion plans to open 14 stores by the end of 2016.
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NewsGerman discounters continue to thrive
Aldi and Lidl, the German discounters, hit a combined market share of 10% for the first time, according to a Kantar Worldpanel report.
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NewsAlmondy bought by Danish bakery
Almondy, the Swedish gluten-free bakery, has been acquired by the Danish group Givesco Bakery.
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NewsSainsbury’s suffers drop in profit
Sainsbury’s underlying profit before tax plunged by 17.9% from £375m to £308m, according to sales figures for the 28 weeks to 26 September 2015.
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Product NewsIrwin’s Bakery secures export contract to China
Northern Ireland’s leading bakery Irwin’s has secured a six-figure deal to supply a range of premium Irish biscuits created specifically for the Chinese market.
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Product NewsIrwin’s Bakery secures export contract to China
Northern Ireland’s leading bakery Irwin’s has secured a six-figure deal to supply a range of premium Irish biscuits created specifically for the Chinese market.
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NewsPremier Foods shows growth in sweet division
St Albans-based Premier Foods has announced slow growth for its Sweet Treats division, with a 0.8% growth from £93.1m to £93.8m for the 26 weeks to 3 October 2015.
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NewsAppetite Learning is launched
William Reed Business Media, the publisher of British Baker, has partnered with Virtual College, the leading provider of e-learning and online training, to offer a range of materials for the food industry.
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Product NewsCarr’s records healthy profit growth
Unaudited figures show the food division of Carr’s Group has enjoyed a 6.3% rise in profit before tax for the year ended 29 August 2015.
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Product NewsVogel’s launches picnic promotion
Seeded bread specialist Vogel’s has partnered with outdoor brand Anorak for a new Keep Exploring campaign.
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NewsSilvery Tweed Cereals appoints new ops director
Peter Thompson has joined Silvery Tweed Cereals as operations director.
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Product NewsTate & Lyle sees pre-tax profits jump 28%
Tate & Lyle, the bakery ingredients supplier, saw its adjusted profit before tax increase by 28% this year to £103m.
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NewsMorrisons hit by fresh sales slump
Supermarket chain Morrisons has seen another drop in sales, with a 2.6% fall in like-for-like (LFL) sales excluding fuel in the 13 weeks to 1 November 2015.
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Product NewsBarry Callebaut posts profit dip, warns on year ahead
Global chocolate producer Barry Callebaut has warned about a “challenging” year ahead – after it saw its net profit decline by 5.9% to CHF240 million (£157m).
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NewsNew CEO at Samworth Brothers
Lindsey Pownall, the chief executive of Samworth Brothers, has reportedly decided to step down from the top job at the food group.