All Latest News articles – Page 638
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News
Inter Link boss quits to restore monastery
Cake company Inter Link moved to calm anxiety in the City this week, following the sudden resignation of chief executive Paul Griffiths.Griffiths left immediately to focus on private and charitable interests, including the £7m restoration of Gorton Monastery in Manchester, which he hopes to turn into a venue for concerts ...
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Irish bread prices likely to climb
The price of bread is expected to rise by 6c in Ireland, following a rise in flour prices.The country’s top miller, the Odlum Group, has increased flour prices by ?35 per tonne."We have to pass on the substantial increases we are being faced with to maintain a viable business," said ...
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Briefs
n The 7th Bakery World Cup will be held in Paris at the Europain Show in April 2008 when teams from the United States, France and Japan will compete with bakers from other nations in Western Europe. These will be chosen in qualifying rounds, which finish in November 2007.n Greenhalgh’s ...
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British firms head to Paris
British bread, cake and ingred-ients suppliers are off to Paris this month for this year’s biggest international food fair, SIAL.Naan bread producers Honeytop Speciality Foods and Mayur Foods, along with The Silver Spoon Co and other British firms, will join more than 5,000 exhibitors at SIAL, from 22-26 October.Some 136,000 ...
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Tom Rathbone calls it a day
Former Rathbones bakery boss Tom Rathbone is retiring from the company after 64 years in the business.The 74-year-old first started working in the company at weekends and took over from father Sydney in 1968. He then started to develop Rathbones from a regional to a national company, producing own-label bread ...
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Compass on course
Catering giant Compass expects revenue growth to slow in the short term as a result of its efforts to tighten financial controls and generate higher margins.The group has continued to trade in line with expectations for the year to 30 September and hit its target of £50m in overhead savings.In ...
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VAT fight moves to High Court
Leeds retail bakery chain Ainsleys has vowed to fight on in the High Court, after HM Revenue and Customs appealed against a tribunal ruling on VAT payments this week (British Baker, September 1, pg 3).The case, which has vast implications for other bakers, revolves around the VAT status of Ainsleys’ ...
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Retail focus at Lyndale
Bakery giant Lyndale Foods plans to expand its retail businesses following recent management changes and a strategic review.The company has a new chairman, Sandy Birnie, a turnaround expert who joined from sandwich business Oldfields three months ago. Its former chief executive Tony Gearty has left.Sandy Birnie, ...
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Strong profits at Greencore
Greencore was bullish about the success of its convenience foods and ingredients divisions in the group’s latest trading statement.Operating profit for convenience foods is expected to show at least 5% growth - up to E68.6m - despite rising energy costs. The announcement came ahead of its year-end on 29 September ...
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Hot stuff from Pret as it rolls out range of wraps
Sandwich chain Pret a Manger is rolling out hot wraps to its 145 stores after a successful trial.Its new warm range also includes savoury croissants and soup. Commercial manager Simon Hargraves said: "We’ve been working on a hot food product for the past three years but never found anything that ...
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Allied’s omega-3 brand on a roll
Allied Bakeries has unveiled plans for its Kingsmill Head Start omega-3-enriched brand as it pushes into the functional foods market.Jackie Harold, senior product manager for Kingsmill rolls and snacks, said the Head Start brand would be developed for many other products, with Allied soon to begin advertising.Speaking as Kingsmill this ...
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Northern Foods sees sales slip after fire
Northern Foods said this week a fire at its Fletchers bakery in July cost it £5m in lost sales in the first half of its financial year.Chief executive Pat O’Driscoll said Northern Foods is still in discussion with insurers over compensation after the fire burned down a third of the ...
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Morrisons aims to be The Best with clean-label loaf
Morrisons has launched a clean label loaf under The Best premium brand as it "drives quality back into the market".Trading manager Andy Clegg told British Baker that the new premium white sliced sandwich loaf is made from English and Canadian flour with no artificial additives. It is priced at 79p. ...
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Gas prices slump, but bakers must wait for lower bills
Most bakers say they have yet to see bills decrease despite the price of gas falling this month.The price of natural gas through September was 26p a therm. But on October 3 this dropped to -5p a therm as traders were caught off guard by the opening of the £5.5bn ...
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Bakery project helps job seekers
A new bakery in Bethesda, North Wales, is offering ex-offenders and the long-term unemployed training to help them find jobs.The scheme, which was set up by the probation service in North Wales, will see trainees run the bakery from the kitchen of the local rugby club.The aim is to give ...
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Buckley’s fond farewell to Keswick bakery business
After nearly 12 years in charge, John Buckley has sold the Lake District-based Bryson’s bakery to Debra Travis, a former accountant and financial director.Bryson’s, which was set up some 50 years ago, has its main shop and bakery in Keswick and a second shop in Cockermouth. It supplies its own ...
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Briefs
n The British Society of Baking’s annual conference takes place this week in Coventry with speakers including Asda bakery director Huw Edwards and Federation of Bakers’ director Gordon Polson. See the website [http://www.bsb.org.uk] for full details.n A new report, Profiting from Changing Snacking and Beverage Occasions, from market analyst Datamonitor ...
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Inter Link halts buy-out talks
Cake company Inter Link says it is no longer in talks with a possible buyer, following an earlier announcement that it had been approached.Inter Link said on 25 September that a private equity house had approached it with a view to a possible offer for the company.Exploratory early-stage discussions have ...
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Carluccio’s grows
Italian restaurant and deli chain Carluccio’s announced last week that turnover for the 52 weeks ended 24 September 2006 was 24% ahead compared to last year. Profit before taxation for the same period is expected to be slightly ahead of the board’s expectations.The company achieved its target of five new ...