All Latest News articles – Page 594
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News
Coffee chain heads north
Café franchise chain Coffee Republic aims to open 100 more sites in the next year.The bulk of the new outlets will be franchises and concessions. New locations will include the Midlands and the north of England, as well as Scotland.The ambitious expansion plan comes despite operating losses of £1.63m ...
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Commodities tracker
It is a worrying time for bakers that still need to cover their butter requirements for the crucial Christmas period. The price rises currently being seen in the market - already at levels unheard of over the last 10 years - will likely rise even further. UK prices have ...
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Greggs’ profits surge despite tough market conditions
Greggs has sailed out of the Doldrums with a boom in profits for the first half of 2007, restoring its fortunes to the record levels enjoyed in 2005, it said this week.But the chain, which was hit by a flat sales period in the first 18 weeks of 2006, still ...
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Distribution watch
Bakery distributors that operate within the Greater London area are being urged by Transport for London (TfL) to act now if they want to avoid paying a daily charge when the Low Emission Zone begins next year.From 4 February, 2008, diesel-engined lorries weighing over 12 tonnes will be required to ...
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Fletchers MD steps down in management shake-up
Fletchers Bakeries in Sheffield has announced major changes to its management team, following a recent review of its structure and operations performance.It said the review of its management team "complements its new structure that now incorporates autonomous business units".By mutual agreement, Scott Wallace has stepped down from his role as ...
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Injured worker gets pay-out
A senior Midlands bakery worker has been awarded £400,000 in an out-of-court settlement following a horrific injury.Kenneth Johnson, 58, from Tipton, was a manager in the bakery department at Russells Foods in Lozells, Birmingham, when his right arm became trapped between rollers as he cleaned the bowl of a dough-milling ...
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Greencore sells Irish milling stake
Convenience foods specialist Greencore Group is selling its 50% shareholding in Irish miller the Odlum Group to Origin Enterprises, giving Origin total control.Subject to Competition Authority approval, Greencore will receive a cash payment of €35m (£23.5m) from Origin on completion. Origin will assume the portion of outstanding Odlums’ net debt, ...
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Warburtons gets active on health
Warburtons has introduced an oat bread, said to help lower cholesterol, to its Healthy Inside range.The healthy heart claim comes from extra beta glucan in the 400g Healthy Inside Oats loaf. Warbutons’ existing Healthy Inside loaf includes inulin, derived from chicory, which encourages the formation of friendly bacteria in the ...
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Allied’s new web
Allied Bakeries has revamped its trade website for convenience stores in an attempt to boost returns for the sector.The interactive site at www. localkingsmill.co.uk includes point-of-sale kits and a profit calculator as well as category management tips and downloadable planograms. Details of Allied’s product range for convenience stores, developed ...
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Bakery Services sees pre-tax loss
Bakery Services has announced ’disappointing’ preliminary results, for the year ended 31 March 2007, showing pre-tax losses of £124,985.Bakery Services operates Don Millers’ franchise cafés and Inbake, an in-store bakeries business. Underlying sales revenues generated by Don Millers were down by approximately 8% at £2.75 million. The company ...
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Northern sees bakery fall
Northern Foods held its annual general meeting last week, where it was announced that bakery profits were down due to challenging commodity prices and bad weather.Overall revenue grew in the 13 weeks to June 30, although bakery was down by 2.6%. Chairman Anthony Hobson said: "Stronger ready-meal sales offset a ...
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Briefs
n After being open for seven years, a 200sq ft Starbucks coffee shop in Beijing’s Forbidden City has been forced to close, following an internet petition, signed by 500,000 people. It was claimed that the outlet was not in keeping with the culture of the old Imperial Palace.n TNS Worldpanel ...
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Floods bring chaos
The unfolding weather crisis has crippled many bakeries across England, with Gloucestershire businesses badly hit, amidst scenes of panic-buying.Janes Pantry bakery, on Lower Tuffely Lane, Gloucester, expected to be without running water for anything up to two weeks. "The flooding has drastically affected our trade," said Nevil Morse, managing director."It’s ...
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Julian Hunt, communications director, Food and Drink Federation (FDF)
And lo, from the land of the batty folk came a new report calling for a fat tax on food products. Even though the report was riddled with inconsistencies, the boffins who authored this nonsense still managed to claim that as many as 3,000 lives would be saved by a ...
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Plaxtol takes top LASER day prize
The seventh LASER Golf Day took place on 10 July at Surrey National Golf Club, Caterham. Sixty gol-fers from all sectors of the baking industry took part.The winning team, with 118 points, was Plaxtol Bakery of Tonbridge, Kent (pictured) receiving the Team Prize from LASER president Anthony Kindred. Prizes were ...
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Meetings leave doubt over Inter Link’s debts
There was mounting concern this week among the creditors of the now-defunct Inter Link Foods as it emerged that they might not have their debts met in full by new owner McCambridge Food Group.The Irish baker, which bought Inter Link moments after it went into administration on Friday, held a ...
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Millers welcome decision to suspend set-aside rules
News that 3.8 million hectares of EU farmland will be allowed back into arable production next year has been given a cautious welcome by grain traders and millers.The decision to suspend the set-aside rules that helped reduce Europe’s grain mountain to 2.5 million tonnes this year came as prices ...
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PE firms stalk Pret A Manger as flotation takes shape
Sandwich chain Pret A Manger has confirmed it is being courted by a number of private equity firms since revealing plans to float the company to fuel expansion in the USA.Simon Hargraves, commercial director, said: "The shareholders have not ruled anything out at the moment. People are putting other deals ...