All Finance articles – Page 87
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NewsBakkavör sees corporate credit rating upgraded
Chilled food and bakery producer Bakkavör has seen its corporate credit rating rise from a B- (positive outlook) to B (stable).
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NewsM&S food enjoys ‘excellent’ Q4 sales
Marks & Spencer (M&S) delivered an “excellent” performance on food in its fourth quarter as food sales were up 3.7%.
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NewsTate & Lyle investment results in higher net debt
Ingredients manufacturer Tate & Lyle reported net debt to be around £34m higher than expected, as group profit sank “modestly” in its year to 31 March.
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NewsBarry Callebaut outpaces chocolate market in latest results
Chocolate giant Barry Callebaut Group has outperformed the chocolate market in its half-year results.
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NewsBakkavör uses banking facility for early repayment of bond debt
Food manufacturer Bakkavör has agreed an extension and increase to its existing banking facilities, as well as a material reduction in the interest rate margin.
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NewsReal Good Food in talks over sugar division
Real Good Food, owner of UK sugar distributor Napier Brown, is “in discussions regarding a transaction” regarding its sugar arm that would “strengthen its balance sheet”.
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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.