All Finance articles – Page 82
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NewsPremier Foods shares fall on sales warning
Shares in the embattled food group Premier Foods fell by nearly 10% after the company, which produces Mr Kipling cakes, said it had seen falling sales in its so-called ‘Power Brands’.
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NewsSecond consecutive sales drop for Sainsbury’s
Supermarket giant Sainsbury’s has reported a second consecutive quarter of falling sales.
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NewsAssociated British Foods buys Dorset Cereals
Allied Bakeries’ parent company Associated British Foods (ABF) is to buy UK premium cereal maker Dorset Cereals in a deal believed to be worth £50m.
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Morrisons chairman to step down
The chairman of the under-fire supermarket chain Morrisons has announced he plans to step down.
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NewsTesco sees further drop in sales
Tesco has reported falling sales in the third consecutive quarter as it suffers competition from leading discounters.
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EAT plans UK expansion
The private equity-backed sandwich chain EAT plans to expand beyond London – after securing a further £40m in funding.
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Product NewsBacheldre Watermill for sale for £1.4m
An award-winning watermill business, which supplies organic and traditional flours and bread mixes, has been placed on the market for £1.4m.
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NewsFinsbury adds to sales and commerce roles
Finsbury Food Group has appointed Lawrence Trist and Graeme Clark to new roles in its cake business.
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David Wood expands with Creative purchase
David Wood Baking, the Leeds-based bakery wholesaler, has acquired the ready meals firm Creative Foods.
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NewsMinistry of Cake to add second site
Newly independent cake and dessert manufacturer Ministry of Cake plans to add a second UK site and double turnover in the next three to five years.
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NewsGreencore disposes of Ministry of Cake
Convenience food producer Greencore has announced the disposal of its foodservice desserts business Ministry of Cake in its half-year results.
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Asda announces major restructure
The supermarket chain Asda announced a massive restructuring yesterday – a move that puts 4,100 jobs into consultation.
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NewsEmployment hits fastest rate since 2007, claims CIPD
UK employers are hiring staff at the fastest rate since before the financial crash, according to latest reports.
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NewsSainsbury’s reports boost in profits, as own-brand sales flourish
Sainsbury’s has revealed a 5.3% increase in pre-tax profits to £758m for the year to 15 March.
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Product News
Aldi and Lidl hold strong as competition heats up
Once again, Aldi and Lidl have continued to dominate market share, while market growth hit its lowest level in 11 years.
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Product NewsSugar dispute blow for The Real Good Food Company
Bakery ingredients supplier The Real Good Food Company (RFGC) has warned that an ongoing dispute with British Sugar will hurt its underlying profits.
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Costa sees LFLs and profit growth
It seems the nation’s thirst for coffee shows no signs of abating - as Costa revealed like-for-like sales (LFLs) growth of 5.7% this morning.
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Product News
Orchard Valley Foods buys food ingredients firm
Orchard Valley Foods has acquired a rival company in a deal which it said will boost sales to more than £20m a year.
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NewsStarbucks reports first sales drop in 16 years
Starbucks has reported a drop in UK sales for the first time in its 16 year history, and revealed it closed 44 branches last year. Results filed yesterday with Companies House for the year ending 29 September show sales at Starbucks Coffee Company (UK) declined 3.4% to £399m. Gross profit ...
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NewsPremier sees Q1 drop in sales
Premier Foods, parent company of Hovis bread and Mr Kipling cakes, has reported a 6.2% slump in sales in the first quarter of the year. Total sales in the three months to 31 March declined to £186.3m, while sales of the company’s ‘power brands’ fell 3.5% to £123.7m. Chief executive ...