All Finance articles – Page 84
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NewsBakkavör to sell stakes in the business
A bidding war for a stake in UK convenience group Bakkavör is looming after reports of interest from a number of buyers, including private equity firms PAI Partners and Pamplona Capital.
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NewsSSP sees UK LFLs growth
SSP, the leading food operator in travel locations worldwide, saw like-for-like sales (LFLs) grow by 3.7% in the UK in its first half.
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NewsEbitda up 23% at Patisserie Holdings
Underlying profit increased by 23.1% to £8.7m at Patisserie Holdings in the six months to 31 March 2015.
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NewsWest Cornwall Pasty Co sees 6% LFL growth
The new owners of West Cornwall Pasty Co have seen like-for-like (LFL) sales growth of 6% in the year since they took over, it has been revealed.
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NewsAsda reports Q1 3.9% decline in LFL sales
Asda has announced a 3.9% fall in like-for-like sales in its first quarter, in what it describes at the “most challenging year yet” for UK supermarkets.
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NewsConvenience sector boost Greencore profits
Sandwich-maker Greencore has seen profits soar as its convenience food sector booms, despite a challenging market.
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NewsPremier Foods reports full-year losses, due to impairment of sweet sector
Food giant Premier Foods has increased its losses due to impairment charges, largely related to its sweet business, which includes the Mr Kipling brand.
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Product NewsBFP appoints new chief executive
Bakery ingredients supplier BFP Wholesale has appointed a new chief executive, it was revealed today.
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NewsBako NW buys Northern & Scotland
Bako North Western is to buy sister company Bako Northern & Scotland, it has been revealed.
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NewsReal Good Food sugar arm sale approved
Real Good Food’s proposed sale of its subsidiary Napier Brown Sugar has been approved.
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Product NewsPieminister’s flagship Leeds site opens
Pieminister has opened its flagship store in Leeds – its biggest yet – as it gears up for a summer pies launch next month.
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NewsGrocery price deflation hits supermarket sales
Supermarket sales have slowed to a revenue growth of 0.2% compared to last year, according to the latest figures from Kantar Worldpanel.
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NewsFinsbury Food to save 150 jobs in desserts acquisition
Bakery giant Finsbury Food Group has today announced the proposed acquisition of Johnstone’s Just Desserts (Johnstone’s), from administrators FRP Advisory.
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NewsSainsbury’s posts first loss in a decade
Sainsbury’s has revealed a pre-tax loss of £72m for the year to 14 March - its first loss in a decade.
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Product NewsThorntons suffers sales decline, despite better Easter
Sales at chocolate company Thorntons have dropped in both its retail and FMCG divisions, as the firm has lost orders from a commercial customer.
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NewsResearch firm identifies morning goods and lunch opportunities
The morning goods market is expected to grow 2.7%, as retailers are advised to capitalise on the convenience food trend.
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Product NewsNapier Brown to sell for £34m
Real Good Food is to sell its sugar distribution business Napier Brown for £34m to Tereos, the world’s fifth-largest sugar group.
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NewsFarmers’ alliance to stage British Sugar protest
A farmer’s movement is to march outside British Sugar’s Bury St Edmunds factory today (29 April) to protest the “lack of support” for small-scale producers.
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NewsGreggs turns in another robust performance
Greggs the bakers has posted another set of “strong” trading results, with like-for-like sales up 5.9%- ahead of its expectations.
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NewsProduct innovation sees Costa LFL sales surge
Costa Coffee, the Whitbread-owned chain, has seen like-for-like sales leap by 6%, driven by an increase in transactions.