All Finance articles – Page 91
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NewsBranded sales down for 2 Sisters
2 Sisters Food Group, owner of Fox’s Biscuits, has seen a fall in branded sales, down 3% for the full year.
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NewsDiscounters continue to dominate, as overall grocery declines
Aldi and Lidl have continued to storm the grocery market, despite an overall decline in the sector since Kantar Worldpanel records began in 1994.
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NewsBakkavör bakery investment continues amidst revenue hike
Bakkavör has outperformed the food market, boasting a 4% growth in like-for-like revenues for the 39 weeks ended 27 September 2014.
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NewsUnderlying profits and LFLs down at Sainsbury’s
Supermarket group Sainsbury’s this morning unveiled a 2.1% fall in like-for-like sales and said underlying profit had dropped by 6.3% to £375m.
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NewsCarr’s Milling hails record profits
Carr’s Milling Industries has announced another year of record profits in 2013/14, with EBITDA up 9.1% to £20.4m.
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NewsBarry Callebaut sales volume up 11.8%
Swiss chocolate maker Barry Callebaut increased sales volume by 11.8% in the year to 31 August 2014, helped by the integration of the cocoa business acquired in June 2013.
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NewsLFLs slump again, Morrisons insists it’s on track
Like-for-like sales suffered a 6.3% slump in the 13 weeks to 2 November 2014 at under pressure supermarket Morrisons.
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Product NewsTate & Lyle profits tumble
Ingredients manufacturer Tate & Lyle has announced a 40% fall in first-half adjusted pretax profit at the top end of its range.
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NewsM&S food shows strong sales growth
Marks and Spencer (M&S) food business has reported like-for-like sales are up 1%.
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Product NewsABF reports turnaround for ingredients division
Associated British Foods (ABF) has described its bakery ingredients business AB Mauri as making a “strong turnaround” in its year-end results.
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NewsUnited Biscuits sold to Yildiz
The sale of United Biscuits (UB) to international biscuit manufacturer Yildiz Holding has been confirmed.
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NewsScottish ingredients firm enjoys rise in turnover
Independent bakery ingredients manufacturer Macphie has reported a 3.5% growth in turnover to £44.4m.
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NewsStarbucks sees 5% LFL sales growth in Q4 with UK at forefront
Coffee giant Starbucks has reported a 5% rise in global like-for-like sales with a “particularly strong performance in the UK” in Q4.
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NewsIndependent panel gives thumbs-up to NBPO offer
A panel of independent advisors has described the potential £1.1bn takeover offer for New Britain Palm Oil (NBPO) as “fair and reasonable”.
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NewsCosta underlying profit up 20.5%
Costa Coffee, the Whitbread-owned chain, saw its first-half underlying profit increase by 20.5% to £52.4m, it revealed today.
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NewsFinsbury acquires Fletchers for £56m
The private equity-owned Fletchers Group of Bakeries has been sold to Finsbury Food Group for £56m – a deal which will create one of the largest specialist bakery companies in the UK.
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NewsFinsbury Food Group: we could buy again
Finsbury Food Group could acquire further businesses in its bid to grow and has predicted there will be further consolidation in the bakery sector in the next five to six years.
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Finsbury and Fletchers: the build-up to the buy-out
Finsbury Food Group’s acquisition of Fletchers Bakeries has shocked the industry today, creating a new £300m business. We look back at some of the key moves from the firms, that led up to today’s buy-out. Below is an interactive timeline, click on the links to reveal the full stories.
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Product NewsUpdate: NBPO ’welcomes’ £1.1bn cash takeover
New Britain Palm Oil (NBPO) has welcomed a cash takeover bid of £1.1bn, subject to approval from shareholders, it has confirmed.