All Finance articles – Page 91
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NewsCakes contribute to Waitrose’s 12% profit rise
Waitrose posted a like-for-like sales increase of 3.4%, as part of parent company The John Lewis Partnership’s results for the year ended 26 January 2013.
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NewsPatisserie Valerie buys Paul’s transport outlets
Patisserie Valerie has acquired seven sites based at London railway stations from rival retail bakery business Paul.
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NewsFinsbury sells £21m free-from business
Finsbury Food Group has sold its free-from business United Central Bakeries to Genius Foods for approximately £21m.
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HMV stores help Morrisons M Local expansion
Morrisons has revealed it has acquired six HMV sites as the firm continues to grow its convenience store estate.
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Canada Bread reports drop in sales
Canada Bread has said sales were consistent with its previous trading year figures, despite a 1.8% drop to $1.57bn (£1.03bn).
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News
Tesco and Morrisons take tumble in market share
Sainsbury’s is the only supermarket among the top four retailers to improve its market share in the last 12 weeks, experiencing a 4.6% growth rate year-on-year.
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NewsPositive sales growth for Costa
Costa Coffee has highlighted a 22.4% rise in total system sales to £962m during the last year.
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Product News
ABF forecasts better grocery profits
Associated British Foods (ABF) has said profits within its grocery division will be “substantially improved”, benefiting from the non-recurrence of restructuring costs in Allied Bakeries.
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Asda sees marginal increase in LFL sales
Asda achieved a like-for-like sales increase of 0.1% (excluding fuel) in its fourth-quarter trading period.
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NewsPremier Foods: “Rebuild value in bread division a priority,” says Darby
Gavin Darby, chief executive of Premier Foods has revealed plans to launch new packaging for its Hovis brand and will assign a dedicated team to help rebuild its bread division in 2013.
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NewsPremier Foods: “Particularly challenging year for bread sales", says Moran
Mark Moran, chief financial officer at Premier Foods, revealed the firm experienced a particularly challenging year in 2012 for bread sales.
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NewsCosta demerger unlikely, says City analyst
A leading City analyst has revealed that a possible demerger of the Costa Coffee brand from the Whitbread Group is not on the cards, due to tougher competition and international expansion.
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NewsPremier Foods may have to sacrifice a power brand, says analyst
A City analyst has warned that Premier Foods might have to sell its power brands to significantly improve its balance sheet.
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NewsNut-free bakery furthers Tesco relationship
Just Love Food Company has expanded its relationship with Tesco, with new products launched into 140 UK stores.
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NewsBread inflation rises YOY to 4.1%
Inflation is expected to remain a resilient feature of the bread and cereals category through to the summer at least, a City analyst has warned.
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NewsStarbucks opens first franchise outlet
Starbucks has opened its first franchise coffee shop in the UK, at Liphook Services in Hampshire, as it looks to grow its franchising business.
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NewsPieminister sales rise by a quarter
Pieminister saw sales increase by 28% to reach £8.3m, for the financial year to 31 March 2012, up from £6.5m in 2011.
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Ocado shrinks losses by growing product lines
Extending product ranges, including its own-label brand, has helped Ocado to drive down its pre-tax losses by £1.8m in the last year.
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News
William Jackson posts strong profits
William Jackson & Son saw sales revenue rise 6.6%, over the full year to 28 April 2012, in what the group said had been a year of good progress.
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Product NewsFudges to relaunch best-sellers
Fudges Bakery is to relaunch a number of its best-selling lines, in a bid to continue the momentum of growth it has seen in the past year.