All Finance articles – Page 9
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NewsSamworth Brothers margins are hit in ‘challenging year’
Profits at Ginsters and West Cornwall Pasty Co owner Samworth Brothers have fallen as a result of rising commodity costs and £18m in one-off charges.
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Hovis results: refocus on bakery operation paying off
Hovis says it is benefitting from exiting the milling industry and focusing on its bakery operations.
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Product News
Cake Craft World Limited acquired by Dr Oetker
Dr Oetker has acquired cake decoration and sugarcraft supplies business Cake Craft World Limited.
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Alana Spencer buys Lord Sugar out of cake business
The Apprentice winner Alana Spencer has bought Lord Sugar out of her cake business, Ridiculously Rich by Alana.
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Investment and efficiency drive growth at Finsbury
Finsbury Food Group has said scale will become increasingly important to food manufacturers as key customers get larger.
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Coughlans Bakery seeking investors to grow business
Family-owned South London-based café and bakery firm Coughlans is seeking investment to help drive the development of the business.
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Real Good Food chief exec Hugh Cawley steps down
Hugh Cawley, chief executive officer of Renshaw owner Real Good Food (RGF), is to leave the business.
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Paterson Arran acquired by Burton’s Biscuit Company
Burton’s Biscuit Co is to boost its presence in the foodservice market with the acquisition of shortbread and oatcakes supplier Paterson Arran.
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Genesis Crafty invests £750k and creates new jobs
New contracts have prompted Genesis Crafty – which was sold in pre-pack deal a year ago – to invest and take on new staff.
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Real Good Food secures new £8.9m credit facility
Renshaw owner Real Good Food is set to pay off some of its shareholder debt after securing a new bank credit facility.
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RGF reveals plans to grow cake decorations business
Real Good Food (RGF) is set to shake up its cake decorations range as part of the development of its new streamlined business structure.
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Online sales and NPD drive growth at Paul UK
Turnover at bakery and café brand Paul UK has risen 7.4% in the past year as the business has benefited from new product development and improved technology.
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Greggs and Pret among 50 firms urging rates shake-up
High street retailers, including Greggs, Pret A Manger and Morrisons, are urging the government to fix the “broken” business rates system.
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No-deal Brexit could wipe £5.4bn off eating out sector
No-deal Brexit could bring a sharp drop in consumer spending that would wipe billions off café and restaurant turnover, analysts have warned.
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Product News
Travel hub food and drink sales up £280m
Brits have splashed out an extra £280m on food and drink at airports, motorway services, train stations and forecourts over the past year, according to the latest figures from The NPD Group.
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Real Good Food extends loan repayment deadline
Real Good Food (RGF) has extended the repayment deadline for funding that it said had enabled it to continue trading following a financial crisis.
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Greggs to boost investment as first-half sales soar 14.7%
Greggs has reported an “exceptional” six months of trading, with strong growth in both sales and profit.
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Funding scheme for new bakery equipment launches
Details have been revealed of a new funding scheme to help bakers across Scotland buy or modernise equipment.
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Bakery in Armagh set to close with loss of 70 jobs
Health foods supplier Linwoods is planning to close its bakery in Armagh.
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Warrens Bakery jobs at risk under restructure plans
More than 60 jobs are under threat at Cornish business Warrens Bakery as it looks to boost efficiency.
