All Finance articles – Page 95
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Product NewsRevenue growth but profits fall for Barry Callebaut
Barry Callebaut has reported a 5.2% decline in net profit to CHF241.1m (£160.1m) as part of its full-year results.
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Discounters grab bigger slice of grocery market
Two of the big four supermarkets are feeling the pressure of market share, as discount retailers continue to increase grocery sales.
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NewsBakery boosts M&S’ food sales
Marks and Spencer’s (M&S) new in-store bakeries helped drive sales in its food department, which were up 3.4% for the first half of the year.
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Product NewsABF reports profit fall for grocery and ingredients
Associated British Foods (ABF) has reported a decline in profits for its grocery and ingredients divisions, despite an 11% rise in group revenue to £12.3bn.
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Premier Foods appoints non-exec director
Premier Foods, the embattled food group behind the Hovis brand, has appointed a new non-executive director.
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Frozen bakery sales fall for Canada Bread
Canada Bread’s frozen arm saw sales drop 4.2% to C$123.8m (£77.1m), after lower volumes were sold in its UK business in the third quarter.
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NewsHovis buyer sought by Goldman Sachs?
Hovis is being positioned for sale, with investment bank Goldman Sachs brought in to seek out buyers, it has been reported.
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Ukraine places ban on wheat exports
Ukraine will not export any wheat from 15 November, the country’s agriculture minister confirmed this week.
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Sargents approved as buyer for Boparan Xmas pud business
Sargents Bakeries is to buy Boparan Holdings’ Avana Christmas pudding business, following approval from the Office of Fair Trading (OFT).
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CSM takes next steps in bakery divestment
CSM Global has announced an Information Memorandum will be sent out to a select number of potential buyers of its Bakery Supplies business, from today.
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NewsCosta enjoys growth in sales and profits
Whitbread has revealed Costa Coffee’s underlying profits have risen by almost 30% to £36.1m in its half-year results.
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Business rates specialist points to ‘toxic cocktail’
A leading business rates specialist has warned the lack of support for businesses creates a “toxic cocktail”.
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NewsPremier says goodbye to £75m bread contract
Premier Foods has revealed that it will not be renewing a £75m bread contract with a multiple retailer from mid-2013, as it looks to focus on more profitable operations.
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NewsStarbucks faces unpaid tax claims
The tax bill of global coffee giant Starbucks has come under scrutiny this morning – after it was revealed it paid nothing in UK corporation tax last year.
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Food retailers call for business rates freeze
Leading food and grocery retailers have united in a bid to urge the government to freeze business rates in 2013.
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NewsCSM UK sees profit almost halve
CSM United Kingdom saw operating profit fall by 46% for the full year to 31 December 2011.
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NewsGreggs to reduce reliance on high street shops
Greggs’ like-for-like sales fell again, down 2.6% in the third quarter, while new channels helped boost total sales by 5.9%.
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Sainsbury’s is ‘star performer’ in supermarket share update
Sainsbury’s has grown its market share by 0.3% over the past year to 16.5%, making it the “star performer” in Kantar Worldpanel’s latest supermarket share data.
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NewsWalkers profits hit by increased commodity prices
Family-owned firm Walkers Shortbread saw its sales increase – but profits remain static – as it hit by global commodity price rises.
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NewsWeb exclusive: Tesco playing catch up with bakery
A senior boss at Tesco admitted the company’s bakery offering had to “catch up” with rivals - as he announced plans for a new training centre for the supermarket chain.