All Finance articles – Page 86
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NewsAryzta to take stake in French food retailer
Swiss bakery group Aryzta has entered into negotiations to acquire a 49% stake in Picard - a speciality French food retailer, owned by private equity group Lion Capital.
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NewsCrepe firm reveals plans for new outlets
London-based Crepeaffair has just opened its 12th UK outlet as it strives for 15 in total by mid-summer as well as adding international sites and launching a ‘grab and go’ range.
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NewsKraft and Heinz merge to create food giant
Kraft Foods, parent company of Mondelez, has merged with H J Heinz, resulting in what has been called the fifth-largest food and drink company in the world.
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NewsFinsbury’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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NewsUK 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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NewsFinsbury 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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NewsStarbucks 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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NewsBB’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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NewsAryzta 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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News‘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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NewsWaffle 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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NewsFoodservice 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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NewsPrivate 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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NewsInvestment 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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NewsOcado 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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NewsGreggs 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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NewsGreggs’ 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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NewsExclusive: 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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NewsMorrisons 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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NewsABF 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.