All Finance articles – Page 86
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NewsGDP grew by almost 1%
The economy grew by 0.8% in the third quarter, according to provisional GDP figures.
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Product NewsStarbucks appoints new MD
Starbucks Coffee UK has appointed Mark Fox as managing director.
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NewsWaitrose outperforms market, as Aldi takes more share
Waitrose has seen a 7.6% uplift in sales year-on-year, according to the latest data from Kantar Worldpanel, with Aldi posting another record increase in market share.
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NewsCosta sees over 20% profit rise
Costa Coffee, the UK’s largest coffee shop chain, this morning revealed it had seen a 20.5% rise in underlying profit to £43.5m, up from £36.1m.
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NewsBiscuits and cake market to rise nearly 20%
The value of the biscuits and cake market is expected to rise by 17.7% in five years, a research group has predicted.
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UK inflation remains at 2.7% in September
Inflation remained steady last month, staying at 2.7%, according to official figures.
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NewsBakery firms make Top Track 250 table
Bakery companies and retailers have made it on to The Sunday Times 250 mid-market private companies index.
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Product NewsCaffè Nero reports 2.8% rise in LFL sales
Coffee chain Caffè Nero has reported a 2.8% rise in like-for-like (LFL) sales in the year to 31 May.
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NewsUK retail affected by late summer
UK retail sales were up 0.7% on a like-for-like basis from September 2012, according to the British Retail Consortium.
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NewsGreggs “encouraged” by 0.5% LFLs dip
Greggs, the leading high street bakery chain, said this morning it was “encouraged” by improving like-for-like sales (LFLs) - however the key metric for the group remained in negative territory.
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NewsTwo Sister’s enters fray for Burton’s Biscuits
Two Sisters Food Group is reported to be bidding for rival company Burton’s Biscuits.
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Product NewsTate & Lyle: “profitable growth” on track
Tate & Lyle, the international speciality ingredients producer, this morning said it expected to deliver “another year of profitable growth”
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Product NewsAB Mauri acquires Gb Plange
AB Mauri has entered into an agreement to acquire Gb Plange, for an undisclosed sum, British Baker can exclusively reveal.
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NewsAryzta gives positive full-year update
Arzyta has revealed a 9.3% increase in revenue, to €1.4bn (£1.17m) within its Food Europe arm, for the full year to 31 July 2013.
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Finsbury poised for growth
Finsbury Food Group is gearing up for organic growth in cakes and speciality bread after a “transformational” year during which it sold its gluten-free arm and invested in its core business.
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NewsFood and grocery market worth £206bn by 2018
The UK food and grocery market is set to be worth £206bn by 2018, increasing by over a fifth (21%) says The IGD.
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NewsBakery Market Report to launch in 2014
British Baker is to release its comprehensive research into the retail bakery market at an exclusive networking event and business seminar next year.
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Food inflation hits 2.5% in August
Food inflation rose 0.3% to 2.5% in August from 2.2% in July, according to the British Retail Consortium (BRC).
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NewsHigh street could lose 20,000 shops by 2016
One in eight British shops could be forced to close within three years, says a report due to be released this week.
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NewsBurton’s releases full-year results
Burton’s Biscuit Company has increased its underlying profits by 24% to £34.6m, according to its full-year results.