Keyword » finance

Flour Water Salt raises £29k in Kickstarter campaign

Macclesfield café and bakehouse Flour Water Salt has raised £29,300 on a Kickstarter campaign.

Liverpool bakery to boost output with £61k funding

Homebaked, a community bakery in Anfield, Liverpool, has received £61,000 in investment to fund a dedicated cookery unit and ramp up production.

Sainsbury’s-Asda merger ‘could push up prices’

The proposed merger between Sainsbury’s and Asda suffered a blow today (20 February) as the Competition and Markets Authority (CMA) found that it could push up prices and reduce quality.

Patisserie Holdings loses another non-exec director

Financial expert Lee Ginsberg has resigned as non-executive director and deputy chairman at Patisserie Holdings.

Biscuits and tea help boost Fortnum & Mason sales

British biscuits and loose leaf tea have helped drive the sixth successive year of double-digit sales growth at Fortnum & Mason.

New contracts drive 23% profit growth for SSP Group

New contracts and robust sales growth have driven a 22.7% rise in underlying operating profits at travel site operator SSP Group.

Hughes bakery gets £600k funding ahead of rebrand

Shipley-based Hughes Bakers has secured a £600,000 loan from the Northern Powerhouse Investment Fund (NPIF).

Finsbury to invest to meet demand for ‘artisan’ bread

Finsbury Food Group is to invest further to meet demand for artisan-style bread – and said it was committed to growing its business through further acquisitions.

Black magic: charcoal pizza helps to boost Bakkavor

Strong sales of bread and pizza – including a charcoal base launched into Waitrose stores – have helped drive growth for Bakkavor.

RGF warns of £3.5m loss following weak end of year

Real Good Food has warned it is set to make a £3.5m earnings loss following poor trading at the end of last year.

Finsbury revenue up 4% despite overseas sales dip

Finsbury Food Group has reported a 4% hike in group sales in the past four months.

Greggs: trade boosted by improved service and availability

Greggs has said its new forecasting and replenishment system has boosted product availability for customers.

ABF: Ingredients in growth but bread under pressure

Allied Bakeries has been hit by “significant margin decline” as a result of low prices and cost pressure, according to parent company Associated British Foods (ABF).

Pre-pack deal saves Sussex cake firm and 150 jobs

Sussex-based handmade cake business More Foods – which supplies retailers including Waitrose and Budgens – has been rescued in a pre-pack deal.

Premier Foods Q1: Cake sales growth offset by grocery brands decline

New gluten-free Mr Kipling products have helped drive growth in Premier Foods’ cake division – although a steep drop in sales of grocery lines has dragged down the company’s overall performance.

Welsh bakery business Cake Crew to expand

Wales-based business Cake Crew is expanding to meet growing demand for its cupcakes.

Greggs sales up 7.5% as breakfast demand grows

Demand for Greggs’ £2 breakfast offer has helped drive a 7.5% hike in sales across the business.

Patisserie Valerie sales up 16% as store openings continue

Patisserie Valerie owner Patisserie Holdings has reported double-digit increases in revenue and profits.

Irwin & Sons back in profit

Northern Ireland-based bakery Irwin & Sons returned to profit in 2016 after reporting a loss the previous year.

M&S food sales down 0.9%

M&S’s food division has recorded a 0.9% fall in like-for-like (LFL) sales for the 13 weeks to 2 July. 

Pieminister expands after £1.4m investment

Bristol-based pie business Pieminister will open five new restaurants across the UK and create more than 80 new jobs after securing a £1.4m finance package from HSBC.

Business finance
Fundbird can help SMEs find the right funding for business
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Funding connection for SMEs

An online platform to help small and medium businesses (SMEs) land the right funding has launched in the UK. 

Mike McDonough will leave in August
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Finance director departs Real Good Food

Real Good Food’s (RGF) finance director has left the company following a reshuffle of operations, after it sold Napier Brown Sugar.

AB Mauri:
"strong turnaround" for the ingredients firm
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ABF reports turnaround for ingredients division

Associated British Foods (ABF) has described its bakery ingredients business AB Mauri as making a “strong turnaround” in its year-end results.

Tate & Lyle said the severe winter in the US hit stock levels
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Tate & Lyle make profit warning

Tate & Lyle has warned on profit in its half year trading update, after bad weather in the US hits stock. 

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