All Finance articles – Page 81
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NewsFranchise coffee chain reveals expansion plans
Mangobean, the franchised coffee shop operator, has a pipeline of openings planned this year with the goal of achieving an estate of 125 shops.
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NewsSales volumes up at Allied Bakeries, but market remains ‘challenging’
Associated British Foods (ABF) has revealed that Allied Bakeries saw increased sales volumes over the financial year, but overall profits across the group are expected to decline.
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Product NewsBakery a highlight as exports fall
Cereals and bakery exports increased by 10% in the first half of the year – but total food and drink sales abroad fell because of the strength of the pound.
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News
Limit on contactless payments rises
Contactless payments are set to account for more retail transactions now the upper limit has increased from £20 to £30.
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Product NewsRebranding boosts Cornish pasty firm
Warrens Bakery, the Cornwall-based 50-strong chain, has revealed that retail sales and wholesale have jumped following a rebranding programme.
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Product NewsSandwiches remain key to children’s lunchboxes
Research has revealed that children’s packed lunches are changing – but sandwiches remain a staple item.
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Product NewsBudgens enjoys bakery success in new concept stores
Bakery products have “played an important role” in the success of Budgens’ new concept stores.
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Product NewsSweet bakery: steps to growth identified
Swedish bakery supplier Lantmännen Unibake UK claims the sweet bakery category can grow by £59m in the next five years.
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NewsProfits leap for Lotus Bakeries
Lotus Bakeries, the Belgium based company that has just bought a majority stake in Natural Balance Foods, has seen profits jump by more than a third in its first half.
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NewsPaul bakery opens second restaurant venue
The second Le Restaurant de Paul is opening in London’s Tower 42 in the French bakery brand’s largest venue yet.
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NewsBako North Western finalises sister company purchase
Bako North Western, the Preston-based company, has bought sister company Bako Northern & Scotland in a deal to create a business with a turnover of more than £100m.
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NewsSlow growth in grocery sector
“Sluggish growth” has been recorded in the British grocery market in the 12 weeks to 16 August 2015 with Sainsbury’s the only one of the big four in growth.
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NewsReal Good Food chairman ups shares
Executive chairman of Real Good Food (RGF) has increased his stake in the company to 3.89%.
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NewsAsda upbeat despite Q2 sales drop
Asda has posted a 4.7% fall in like-for-like sales for its second quarter, in what it described as “disappointing, but a short-term picture”.
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NewsIrish Pride ‘sold’ to Pat the Baker
The sale of the majority of Irish Pride Bakeries’ assets to Pat the Baker has reportedly been agreed for around €7m (£4.9m).
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NewsFerrero completes Thorntons transaction
The £112m takeover of British chocolatier Thorntons has been completed by Ferrero, as it pledges to grow the brand.
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NewsLotus Bakeries buys majority stake in Nākd
Belgian biscuit and cake company Lotus Bakeries has taken over a majority stake Natural Balance Foods, the company behind the Nākd and TREK brands.
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NewsBakkavor in revenue increase
Fresh food manufacturer Bakkavor has seen revenues rise in its half year results, despite a challenging market.
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Product NewsUS bird flu increases pressure on egg prices
Fears are growing that egg prices could rise as European supplies are sent to the US after a massive bird flu outbreak.
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NewsBrace’s shapes management team
Brace’s, the Newport-based bread bakery, has made a number of changes to its board of directors following the recent appointment of a new chief executive.