All Finance articles – Page 90
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NewsCSM Bakery Supplies sold for £900m
CSM has agreed the sale of its Bakery Supplies businesses to private equity firm Rhône Capital LLC for €1.05bn (£900m).
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Warburtons hires new MD
Warburtons has announced that Neil Campbell will take over as its new managing director, following the departure of Robert Higginson last year.
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NewsFood profits take a tumble at The Co-operative
A competitive environment has impacted sales at The Co-operative’s convenience store business, which experienced a £30m drop in underlying operating profit to £288m in the last year.
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Online sales boost February’s food retail figures
The food sector experienced a 9.3% rise in online sales during February, compared to the same month last year, the latest statistics have revealed.
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Court judge approves Hostess Brands sales
The majority of Hostess Brands’ snack cake business, including the Twinkies brand, has been sold for a sum of $410m (£270m) this week.
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NewsBaking industry reacts to Budget
Members of the UK baking industry have revealed their thoughts to British Baker on yesterday’s Budget, announced by Chancellor George Osborne.
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Industry bodies review 2013 Budget
A number of industry organisations have opened up about the proposed action set out in yesterday’s Budget, as revealed by Chancellor George Osborne in the House of Commons.
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NewsSeasonal bakery helps boost 2 Sisters’ figures
Christmas puddings and festive biscuits helped boost 2 Sisters Food Group’s second-quarter results for the 13 weeks to 26 January 2013.
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NewsProfits fall despite sales increase at Greggs
High street bakery chain Greggs saw pre-tax profits fall by 2.2% in 2012 to £51.9m - despite seeing an increase in sales as it moved into new channels such as wholesale and franchising.
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Aryzta sells bond to refinance debts
Aryzta has sold its second hybrid bond for CHF300m (£210.6m), which the company has said will be used to refinance its debts.
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Real Good Food announces improved performance
The Real Good Food Company (RGFC) has revealed that its sales performance over the fourth quarter was much improved on the three months before Christmas, in a trading statement today (20 March).
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NewsChancellor unveils small business initiatives in 2013 Budget
Chancellor George Osborne unveiled his Budget this afternoon, saying it was for people who "work hard and get on", as he a revealed a number of initiatives he claimed would aid small business.
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NewsSainsbury’s reports 4.3% sales growth
Sainsbury’s has revealed its convenience store and online channels have helped to achieve a 4.3% increase in total sales in the last year.
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NewsBakery products strong in 2012 food exports
Bakery products were key performers of the UK’s food exports in 2012 – helping to contribute to the total of £12.1bn in 2012, according to the Food and Drink Federation (FDF).
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NewsPotential sale of Burton’s Biscuit Company
Owners of Burton’s Biscuit Company could be putting the business up for sale for around £300m, according to the latest reports.
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NewsMorrisons to link up with Ocado
Morrisons has announced it is currently in talks with Ocado, as it looks to move into the online retail channel next year.
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NewsCSM downgrades value of bakery business
CSM has downgraded the valuation of its European Bakery Supplies business (BSEU) by €165m (£143.2m) to €103m (£89m).
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KP Snacks acquisition under investigation
The acquisition of United Biscuit’s KP Snacks business by German manufacturer Intersnack is being investigated by The Competition Authority in Ireland.
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Sales up 8.2% at Aryzta
Aryzta, the Swiss-based baked goods firm, revealed this morning that its group revenue for six months to the end of January rose by 8.2% to €2.07bn (£1.8bn).
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Product NewsFree-from brand to make UK retail debut
Irish free-from bakery brand BFree has just secured its “first significant retail listing” in the UK, with a launch in 434 Asda stores this April.