All Finance articles – Page 98
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News
LFLs and underlying profits up at Sainsbury’s
Underlying profits have increased by 6.2% at supermarket chain Sainsbury’s to £756m.
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Premier Foods appoints new non-exec director
Premier Foods has appointed a new non-executive director with immediate effect.
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NewsUS gluten-free brand set for UK launch
Boulder Brands, a leading US gluten-free brand, has acquired Davies Bakery from Cheshire-based Roberts Bakery, for an undisclosed sum.
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NewsSubway targets 100 stores with partner Euro Garages
Subway has announced plans to open a further 69 new stores at Euro Garages by 2016 in a move which looks set to create around 700 new jobs.
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NewsOrchard Valley in strategic link-up
Orchard Valley Foods has entered into a strategic partnership with another specialist ingredients business Confection by Design Limited.
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NewsCosta plans to double LFLs growth
Costa Coffee, the Whitbread-owned coffee shop and food-to-go chain, saw like-for-like sales (LFLs) soar by 6.8% last year.
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NewsGreggs issues profit warning, LFLs down
Greggs has issued a profit warning after it revealed like-for-like sales (LFLs) were down 4.4% in the first four months of the year due to the poor weather.
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NewsGenius goes Dutch
Genius Foods - the UK’s largest gluten-free food specialist - has signed a deal to supply its products to a Dutch retailer, as it increases its European footprint.
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NewsCSM unveils flat Q1 results
CSM, the Dutch food ingredients group, which last month agreed to sell its international bakery supplies business to US equity firm Rhône Capital for €850m, has achieved virtually flat results for the first quarter.
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NewsNew look for Hovis as bread sales nudge up
Premier Foods – the parent company behind the Hovis brand – said this morning its bread would soon get a new “packaging redesign” as it unveiled a first quarter increase in sales of 0.8%.
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NewsPret enjoys big boost to turnover
Pret A Manger has reported a 17% increase in both turnover and ebitda, as the chain continues to expand in the UK.
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NewsTesco hit by US departure and restructure at home
Tesco, the UK’s largest supermarket chain, this morning unveiled its first loss in annual profits in 20 years – after it was hit by its decision to pull out of America.
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Product NewsCarr’s Flour Mills enjoys 8% rise in revenue
Carr’s Milling Industries’ food business, Carr’s Flour Mills, has seen an 8% increase in revenue, despite contending with last year’s poor UK harvest.
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NewsEaster goods help M&S’ food sales rise
Marks & Spencer (M&S) has revealed it had its “biggest ever” Easter week, as total UK food sales for the fourth quarter grew by 6.3%.
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NewsEAT’s pre-tax profit falls, as sales increase
EAT has reported a £1.52m drop in pre-tax profit to £1.1m in its latest full-year financial results.
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News
Aryzta completes Klemme acquisition
Aryzta has announced that the takeover of German-based bakery firm Klemme has been finalised.
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News
Sales up and staff down at Frank Roberts
Bakery manufacturer Frank Roberts & Sons has posted a 9% increase in group operating profit, to £5.9m, for the full year to 1 September 2012.
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Product NewsMuntons appoints new director
UK malt manufacturer Muntons has appointed Neil Pearmain as its ingredient sales and marketing director.
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News
Robust future forecast for the baking industry
The introduction of new products will ensure the baking industry remains robust, over the next five years, according to a new report from IBISWorld.
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NewsRetail expansion plans for Bagel Nash
Bagel Nash has outlined plans to open eight new outlets in the next 12 months, British Baker can reveal.