All Finance articles – Page 94
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NewsGreggs CEO to move to Brakes
Ken McMeikan, the chief executive of bakery retailer Greggs, is to leave the company to take the top role at foodservice supplier Brakes.
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NewsStarbucks pledges corporation tax contribution
Starbucks, the global coffee shop giant, has today pledged to take action to pay corporation tax in the UK – and admitted “we’re not perfect”.
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NewsIntersnack buys KP Snacks business
United Biscuits has sold its KP Snacks business to Intersnack in a deal believed to be worth between £400m and £500m.
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Starbucks offers talks over tax
Starbucks said it has “listened” to its customers following the revelations about its corporation tax arrangements and has offered to have talks with the Treasury.
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NewsAryzta reveals turnover increase
Aryzta’s European arm experienced a 1.6% growth in revenue to €321.2m (£260.8m), while underlying growth declined by 0.2%, in its first-quarter financial results.
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NewsHovis boss Williams quits
Iwan Williams, managing director of Premier Foods’ bakery division including the Hovis bread brand, has resigned from his position.
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NewsFood-to-go sales ahead of the market at Greencore
Greencore has seen a strong full-year sales performance, with its food-to-go sector growing ahead of the market.
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Product News
Palm oil firm sees sales fall away
New Britain Palm Oil Limited (NBPOL) has reported a $133.5m (£47.8m) drop in profits before tax in the last nine months compared to the previous year.
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New runner for UB savoury arm
Japanese snacks company Calbee has reportedly entered the running for the savoury business of United Biscuits.
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Coffee Republic appoints new ops head
Coffee Republic, the Arab Investments-backed chain, has appointed Patrick Mooney as its new UK and international head of operations.
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Unions call for urgent talk with Premier
Unite has called for urgent talks with the bosses of Premier Foods following the announcement it will cut 900 jobs from its bread division.
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City analyst: Premier job losses will improve profitability
A leading City analyst has welcomed the move by Premier Foods to cut 900 jobs and close two bakeries, describing it as a “decisive move to improve long-term profitability”.
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NewsPremier Foods to shut two bakeries, 900 jobs to go
Under-fire Premier Foods, the food giant behind the Hovis brand, has this morning announced plans to shut two of its bakeries, with the loss of 900 jobs.
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NewsCaffè Nero eyes 700 stores in UK
Caffè Nero says that the UK coffee shop market could support 700 Nero stores - 100 more than it said this time last year.
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Britvic and AG Barr form new business
Britvic and AG Barr have agreed a merger deal worth around £1.4bn.
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NewsFinsbury’s share placing raises £3.9m
Finsbury Food Group has placed and subscribed more than 10 million new ordinary shares, raising approximately £3.9m before expenses.
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Product News
Strong performance for Real Good Food
Revenues at The Real Good Food Company have increased by almost £9.6m to £137.8m in its latest half-year financial results.
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Product News
Carr’s profits hit by market volatility
Carr’s Milling Industries has attributed a 64.9% drop in profit before tax to £400,000 to over-capacity in the flour milling industry and volatile wheat costs.
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NewsMorrisons sees sales dip
Morrisons saw total sales down 0.4% in the 13 weeks to 28 October 2012, as fragile consumer confidence continued to take its toll.
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Product NewsTate & Lyle reports half-year sales increase
Tate & Lyle has seen a 6% lift in sales to £1.6bn in its latest half-year results.