All Finance articles – Page 93
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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.
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NewsIGD forecasts continued change to retail landscape
Convenience, discount and online retailing are predicted to grow by more than £31bn in the next five years and claim 43% of the grocery market.
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NewsTop investor Buffet admits "mistake" on Tesco
Warren Buffett, renowned US investor and world’s third richest man has admitted that investing in Tesco was a “huge mistake.”
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NewsClam’s Cakes set to hit £1m turnover
Handmade cake supplier Clam’s Cakes has predicted a turnover of £1m this year, after expanding into larger premises in Ebbw Vale, Wales.
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NewsSale of major stake in NBPO collapses
The potential sale of nearly half of New Britain Palm Oil (NBPO) has fallen through, it has been announced.
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NewsAldi profits boom
Aldi has announced a soar in profits after competitive prices attracted customers to the discounted supermarket.
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NewsAryzta boosts revenue amid bakery investments
Swiss bakery group Aryzta has lifted European revenue, boosted by a reorganisation of its bakery and food solutions arm.
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NewsPatisserie Valerie accelerates expansion plans
Patisserie Valerie has said it is currently opening “a store every two to three weeks”, this comes after its stock market floatation plans prove successful.
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NewsSupermarket war continues as market reaches low
Competition within supermarkets has driven down grocery inflation to zero.
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NewsTate & Lyle make profit warning
Tate & Lyle has warned on profit in its half year trading update, after bad weather in the US hits stock.
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NewsPremier Foods restructure allowing honed focus on cakes
Premier Foods has announced the restructure of its commercial sector, creating three new Strategic Business Units (SBU’s).
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NewsUB attracts fresh interest
New bidders are believed to have entered the fray for United Biscuits (UB).
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NewsCosta Coffee sales boom
Costa has seen like-for-like sales (LFLS) increase by 7.3% in the 11 weeks to 14 August.
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NewsJordans Cereal founders take controlling share in milling firm
The Jordans brothers have acquired a majority ownership in European Oat Millers (EOM) in a bid to develop the milling company.
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NewsAllied Bakeries forecast for profit increase
Associated British Foods plc (ABF) has said sales and profits will be up this year at Allied Bakeries, following the launch of its Kingsmill Great White loaf.
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Food inflation at record low
Inflation on food hit its lowest-ever recorded level in August, at 0.3%.
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Product NewsCargill to buy ADM’s chocolate business
Cargill is to buy the international chocolate business of Archer Daniels Midland (ADM) for $440m (£226.4m), which will include its Liverpool chocolate plant.