All Finance articles – Page 88
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NewsStarbucks reports loss for last financial year
Starbucks UK has posted a £30.4m loss after tax, for the full year to 30 September 2012, in its latest accounts filed at Companies House.
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Real Good Food delivers increased ebitda
The Real Good Food Company (RGFC) has achieved a 24% increase in ebitda, to £10.5m, in the full year to 31 March 2013.
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NewsGenius goes Down Under
Genius, the gluten-free brand, will now be available in Australia, after the company struck a deal to export frozen loaves to the Coles supermarket chain.
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Volumes up, but profits down at CSM (UK)
Raw material costs have dented CSM (United Kingdom’s) operating profits for the full year to 31 December, despite improving volumes.
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Product NewsSmall cakes see volume boost
Volume sales of small cakes have overtaken those of large cakes, according to the latest Cakes and Cakes Bars UK report by Mintel.
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NewsPatisseries boast more regular visits than bakeries
Bakery-cafés, coffee shops and patisseries are the three fastest-growing limited-service segments in terms of sales, according to data analyst Technomic.
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Aryzta sees “satisfactory” growth for food
Swiss-based bakery firm Aryzta has revealed a upturn in revenue in its Food Europe division of 2.8%, to €971.2m (£830.3m), in the nine months to 30 April 2013.
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Product News
Tate & Lyle in beta glucan acquisition
Speciality food ingredients and solutions supplier Tate & Lyle has acquired Swedish oat beta glucan manufacturer Biovelop.
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Food spend is down, according to ONS
Retail food spend fell in April, according to the latest report from the Office for National Statistics (ONS).
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Grocery market sees polarisation
Both Aldi and Waitrose saw excellent sales performances in the latest 12-week data from Kantar Worldpanel, as the grocery market polarised.
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Product NewsDowson makes equipment acquisition
Dowson Food Machinery has acquired fellow bakery equipment firm JBS, with plans already in the pipeline for new equipment launches.
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NewsRoberts rebrands its treats business
Frank Robert & Sons has renamed its Pastry Case business The Little Treats Co, after a year of brand development.
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NewsWarburtons acquires Giles Foods
Warburtons has acquired speciality bread and pastry manufacturer Giles Foods, as it looks to expand into new areas.
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NewsNorthern Ireland sets bakery targets
Bakery and snacks firms in Northern Ireland have announced plans to grow turnover by 73% by 2020, according to a recent strategy published by Agri-Food.
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Morrisons makes “solid start” to new financial year
Morrisons today claimed it had made a “solid start” to its new financial year – despite posting a like-for-like sales decline of 1.8%.
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LFLs and underlying profits up at Sainsbury’s
Underlying profits have increased by 6.2% at supermarket chain Sainsbury’s to £756m.
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Premier Foods appoints new non-exec director
Premier Foods has appointed a new non-executive director with immediate effect.
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NewsUS gluten-free brand set for UK launch
Boulder Brands, a leading US gluten-free brand, has acquired Davies Bakery from Cheshire-based Roberts Bakery, for an undisclosed sum.
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NewsSubway targets 100 stores with partner Euro Garages
Subway has announced plans to open a further 69 new stores at Euro Garages by 2016 in a move which looks set to create around 700 new jobs.
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NewsOrchard Valley in strategic link-up
Orchard Valley Foods has entered into a strategic partnership with another specialist ingredients business Confection by Design Limited.