All Finance articles – Page 92
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Product NewsSugar dispute blow for The Real Good Food Company
Bakery ingredients supplier The Real Good Food Company (RFGC) has warned that an ongoing dispute with British Sugar will hurt its underlying profits.
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Costa sees LFLs and profit growth
It seems the nation’s thirst for coffee shows no signs of abating - as Costa revealed like-for-like sales (LFLs) growth of 5.7% this morning.
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Product News
Orchard Valley Foods buys food ingredients firm
Orchard Valley Foods has acquired a rival company in a deal which it said will boost sales to more than £20m a year.
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NewsStarbucks reports first sales drop in 16 years
Starbucks has reported a drop in UK sales for the first time in its 16 year history, and revealed it closed 44 branches last year. Results filed yesterday with Companies House for the year ending 29 September show sales at Starbucks Coffee Company (UK) declined 3.4% to £399m. Gross profit ...
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NewsPremier sees Q1 drop in sales
Premier Foods, parent company of Hovis bread and Mr Kipling cakes, has reported a 6.2% slump in sales in the first quarter of the year. Total sales in the three months to 31 March declined to £186.3m, while sales of the company’s ‘power brands’ fell 3.5% to £123.7m. Chief executive ...
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NewsABF revenue down, but Allied Bakeries stays strong
Associated British Foods, the group behind Kingsmill, has announced that group revenue is down 2% to £6.2bn in the 24 weeks to 1 March, due to food commodity deflation.
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News2 Sisters records pre-tax operating loss
The 2 Sisters Food Group has reported a £13.3m operating loss before taxation for the 52 weeks ended 27 July 2013 – up from a loss of just £1.3m the year before. The bakery and meat company, which owns brands including Fox’s Biscuits and Holland’s Pies, saw turnover increase from ...
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NewsStarbucks moves European HQ to London
Global coffee chain Starbucks will move the regional headquarters of its Europe, Middle East and Africa business from Amsterdam to London by the end of 2014.
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NewsDaelmans Group snaps up Fabulous Bakin’ Boys
The Fabulous Bakin’ Boys has been bought by the Dutch bakery business Daelmans Group for an undisclosed sum.
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NewsWest Cornwall Pasty Company bought from administration
West Cornwall Pasty Company has been rescued out of administration by a new investment fund, for an undisclosed sum.
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Bakery helps boost food performance at Marks & Spencer
Marks & Spencer said bakery remained a key focus area as it posted news of strong food sales in its fourth-quarter (Q4) trading statement this week.
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Product NewsAAK acquires Belgian CSM rival
AAK has acquired an oils and fats business of CSM that caters for the French, Belgian and Dutch markets for an undisclosed sum.
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News2 Sisters to invest in bakery, appoints new head
2 Sisters Food Group has appointed Lochlain Feeley to the newly created role of bakery managing director.
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NewsFinsbury: profits up, slashes debt
Bread and cake maker Finsbury Food Group revealed this morning its operating profit increased by 5.2% to £2.6m in the first half of the year to 28 December 2013.
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NewsUK food exports up, Chinese market doubles
Total UK food and non-alcoholic drink exports grew 5% to £12.8bn in 2013, according to the Food and Drink Federation (FDF).
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2 Sisters sees increased loss and debt in Q2
The makers of Fox’s biscuits and Goodfellas pizzas has announced widening losses and increased debt in its second-quarter results.
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NewsSainsbury’s suffers in fourth quarter
Sainbury’s has revealed its fourth-quarter like-for-like sales (LFLs) were down 3.8% and said last year it had benefited from the horsemeat crisis during the same period.
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NewsSupermarket price war fears
Fears of a price war between supermarkets and discounters yesterday saw around £2bn wiped off the combined value of Tesco, Sainsbury’s and Morrisons shares.
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Rise in national minimum wage
The national minimum wage will increase by 3% in October this year, the government has announced.
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NewsMorrisons to restructure following pre-tax loss
Morrisons has launched a major restructure of its business after announcing a loss for the year to February 2014.