Keyword » group

Co-op profits down by over 50%

Profits at the Co-op Group more than halved to £17m in the first six months of the year, hit by the group's three-year plan to rebuild the business.

Eoin Tonge, CFO, Greencore

New CFO for Greencore

Convenience food and cakes and desserts manufacturer Greencore Group has appointed Eoin Tonge as chief financial officer and as a director of the group with effect from 3 October 2016.

Multi-channel strategy reaps significant rewards for Finsbury

Cake, bread and morning goods manufacturer Finsbury Food Group has enjoyed a near 25% rise in group revenue for the financial year ended 2 July 2016, according to preliminary results from the company.

Centre-back row - Peter Wright CEP Wrights Food Group; centre holding the hamper - Robin Edwards, chairman of South West Cheshire Scout Group
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Wrights Food presents hamper to local scouts group

Crewe-based Wrights Food Group has presented a Cheshire scout group with a special commemorative hamper as part of the company’s 90th anniversary celebrations.

Abbey make two appointments to senior team

Bulk food transport service provider Abbey Logistics Group has announced two new members to bolster its team.

British Sugar selects new bulk transporter

British Sugar has chosen a UK provider of bulk food transport services, Abbey Logistics Group, to manage its bulk sugar movements across the nation in a long-term deal.

Carr's Kircaldy flour mill at night

Carr’s Food sold to Whitworths

Agriculture, food and engineering group Carr’s has announced the disposal of its food division, Carr’s Flour Mills Ltd, to flour milling business Whitworths Holdings Limited (Whitworths) for a gross consideration of £36m.

Bells Food Group completes first phase of investment

Scotland-based pastry manufacturer Bells Food Group has completed the first part of a three-year £3.6m investment that will double its pastry production.

Greencore reaps benefits of food to go

Food to go has continued to drive sales for manufacturer Greencore Group’s convenience division.

Carr’s reports 1.6% rise in food

Carr’s Group, the agriculture, food and engineering business, has issued a trading update for the year ending 3 September 2016, with performance in line with the board’s expectations.

Finsbury Food Group reports near 25% sales jump

Leading UK speciality bakery manufacturer Finsbury Food Group has reported a rise in sales revenue of 24.8% to £319.7m for the full financial year ended 2 July.

Biscuits Bouvard acquires Pidy

Pidy, the Belgian pastry products business, has been acquired by French operator Biscuits Bouvard Group. 

Thirty three go coast to coast for GroceryAid

Thirty-three cyclists undertook a 333km expedition from Whitehaven to Whitby to raise funds for GroceryAid.

Bakkavör sells Vaco

Fresh prepared foods manufacturer the Bakkavör group has agreed the sale of Belgian fresh prepared food business, Vaco, to Culinor Food Group.

Pies in space

Crewe-based Wrights Food Group has seen one of its pies sent into space as part of a project to support the 2016 KMF Young Engineer of the Year Competition.

Central Bean expands

Coffee shop chain Central Bean is set to expand beyond its north east stronghold.

Aryzta profits up 0.9%

Swiss-Irish bakery group Aryzta Food Solutions, the company behind brands including Delice de France, has reported a 0.9% rise in underlying revenue.

New Subway at Southampton hospital

The new Subway store at University Hospital Southampton offers patients and visitors freshly prepared subs, flatbreads and salads.

Renshaw partners with software provider

Baking ingredients manufacturer Renshaw has partnered with Coventry-based PCMS Group to help manage and build client relationships. 

2 Sisters affected by avian influenza

Birmingham-based 2 Sisters Food Group, which runs Holland’s Pies and Fox’s Biscuits, said avian influenza impacted its financial results for the year ending 1 August 2015.

KWS launches high-yield biscuit wheats

KWS Wheat has launched two new wheat varieties that offer high yields of grain suitable for biscuit and cake flours.

Food to go boosts sales at Morrisons

Morrisons has reported a second quarter of rising like-for-like (LFL) sales, as it continues to cut costs and prices, although total sales fell due to store closures.

New boss for software specialist

Fresh food supply chain software specialist Linkfresh has appointed Andy Makeham as chief executive officer.

Pret sales up thanks to breakfast

High street coffee chain Pret A Manger’s financial results for the 52 weeks to 31 December 2015 showed group sales were up 13.9% year on year (YOY) to £676.2m (+7.5% like-for-like). Ebitda was up 14.5% to £84.3m. 

William Jackson Food Group acquires health food brand

William Jackson Food Group has acquired healthy snacking and bread brand The Food Doctor for an undisclosed sum.

Riverside Bakery’s MD wins award

Deborah Bolton, managing director of Riverside Bakery, part of Addo Food Group, has won East Midlands Chamber’s Businesswoman of the Year award. 

Tesco records first quarterly sales growth in three years

Supermarket giant Tesco reported a £162m pre-tax profit for the year to 27 February, its first quarterly sales growth since 2013.

Carr’s Group ekes out profit rise despite fall in revenue

Carr’s Group has reported a small 0.5% rise in operating profit to £9.6m for the six months ended 27 February 2016, despite a 9.4% plunge in revenue to £189.1m.

Co-op boss takes pay cut as profits dip

The Co-operative Group has reported 3.3% underlying profit growth in food sales, up to £250m for the 52 weeks to 2 January 2016.

Kara redesigns for bakery focus

Kara, the foodservice brand of the Finsbury Food Group, has redesigned its logo and strapline to reinforce its baking credentials. 

Former Morrisons director joins 2 Sisters

2 Sisters Food Group has appointed Martyn Fletcher, previously group retail director at Morrisons, to the newly-created role of chief operating officer of protein.

Costa reports slowing sales

The high street coffee shop chain’s owner, Whitbread, has blamed mild weather for disappointing sales.

Brakes Group sold to US firm for £2.2bn

Brakes Group, the food supplier that had purportedly been considering a flotation, has been sold to US company Sysco in a deal worth $3.1bn (£2.2bn).

Bakkavor delivers strong ebitda growth despite revenue slump

Food manufacturer, Bakkavor, has seen adjusted UK ebitda grow 10% from £112.9m to £124.1m for the 52 weeks to 26 December.

Reducing reoffending with bread

The Freedom Bakery is a new Glasgow-based social enterprise that gives training and employment to recently released ex-offenders.

New director for Finsbury

Finsbury Foods, the retail and foodservice bakery group, has a new non-executive director in Marnie Millard.

William Jackson reports pre-tax profit of £18m

William Jackson Food Group (WJFG) has seen pre-tax profits rise to £18m for the year ending 25 April 2015, from £15.8m the year before.

New £100M investor for Bakkavör

An American hedge fund has invested in excess of £100M in Britain’s biggest prepared fresh foods supplier.

Premier Foods reports strong Q3 sweet treats sales

Premier Foods, the St Albans-based food group, posted positive Q3 sales growth of 6.5% for its sweet treats division against the backdrop of a virtually static group performance of 0.1% growth.

H1 sales up by 46% at Finsbury

Finsbury Food Group, the UK bakery group, has seen its total company sales increase by 46% to £156.6m in its first half.

Wrights Food Group doubles production capacity

Wrights Food Group has installed a £1.2m pie production line, which it says will double its pie production capacity.

Enormous challenges at Carr’s

Carr’s Group has faced “enormous challenges as a result of the flooding”, the company’s first-quarter trading update has confirmed. 

Who ya gonna call? – Finsbury granted licence for Ghostbusters

Finsbury Food Group has become a UK licensee for this year’s Ghostbusters film.

2 Sisters sees quarterly drop in sales and profits

Boparan Holdings – the owner of 2 Sisters Food Group, which runs Holland’s Pies and Fox’s Biscuits, saw sales slump by 3.5% to £778.3m in the three months to 31 October.

SSP reports 3.7% LFL growth

SSP, the travel location food and drink brand operator, has reported a like-for-like (LFL) sales increase of 3.7% for the year ended 30 September 2015.

Finsbury celebrates 78.1% revenue increase

Finsbury Foods, the retail and foodservice bakery group, has reported UK bakery revenue growth of 8.7% for the first four months of its financial year.

Greencore Group has recorded a 10.6% rise in group operating profits
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Greencore announces factory investment following strong sales

Greencore Group, the convenience food manufacturer, has reported a 10.6% rise in group operating profits to £91.7m for the year ended 25 September 2015.

Bakkavör sees revenue and underlying profit growth

Bakkavör, a leading food manufacturer, has unveiled 16% growth in its third-quarter underlying profit.

City analyst upbeat over Premier’s latest results

A leading City analyst has described the turnaround in revenue at Premier Food as “no mean feat” given the challenging FMCG climate.

RGF returns to profit

Real Good Food (RGF) has reported a profit before tax of £9.3m for its first half – compared with a loss of £4.7m for the same period last year.

Premier Foods has reported modest growth in its Sweet Treats division
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Premier Foods shows growth in sweet division

St Albans-based Premier Foods has announced slow growth for its Sweet Treats division, with a 0.8% growth from £93.1m to £93.8m for the 26 weeks to 3 October 2015.

Carr’s records healthy profit growth

Unaudited figures show the food division of Carr’s Group has enjoyed a 6.3% rise in profit before tax for the year ended 29 August 2015.

Premier Foods was named as best bakery at the FMEAs
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Premier Foods scoops food manufacturing award

Premier Foods, which owns Mr Kipling, has scooped the Bakery Manufacturing Company of the Year Award at the Food Manufacturing Excellence Awards (FMEAs) 2015.

2 Sisters: biscuit market under pressure

2 Sisters Food Group, the conglomerate which runs Holland’s Pies and Fox’s Biscuits, saw sales tumble 8.2% in the 52 weeks to 1 August to £3.14bn from £3.42bn in 2014.

E5 Bakehouse exercises its social conscience

London’s artisan E5 Bakehouse has just finished a second project to support refugee women, in partnership with the charity the Refugee Council.

Scottish Bakers helps exporters with new brochure

Scottish Bakers has launched a new ‘Hero Products’ brochure to assist its exporter members in selling bakery products all over the world.

Shares dip at Real Good Food

Shares in Real Good Food (RGF) fell by nearly 2% – as the company announced revenue was down as it entered its new financial year.

John Titmuss
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UB appoints new head of group supply chain

United Biscuits has announced John Titmuss as its new group supply chain director.

Real Good Food's Executive Chairman Pieter Totté
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RGF satisfied, but warns revenue is down

Real Good Food, the bakery ingredients group, has declared itself “very satisfied” with the start of its new financial year – despite revenue being down.

Finsbury: analysing the results

Finsbury Food Group unveiled revenue and profit growth yesterday – but what were the drivers for the increases? Here British Baker analyses the performance of the bakery group in greater detail.

John Duffy, chief executive of Finsbury Food Group
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Finsbury shares up on preliminary results

Shares in Finsbury Food Group, the large bakery manufacturer and supplier, rose 25% yesterday after the company announced pre-tax profits had grown by 76% to £11.4m last year.

Profits and sales rise at ‘transformational’ Finsbury Food Group

Finsbury Food Group saw profit before tax soar by 76% to £11.4m last year, it revealed this morning.

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.

SSP enjoys LFL sales increase

Travel food giant SSP Group has seen like-for-like sales up 3.2% thanks to passenger growth in the air sector.

Tromp predicts bright future as turnover leaps 10%

The Tromp Group has seen a jump in turnover of around 10% in the year since it joined the Markel Food Group in August last year.

Greggs gets behind high street regeneration

Bakery giant Greggs is backing a scheme to help regenerate high streets across the UK.

Callebaut’s European sales buck the global chocolate trend

Global chocolatier Barry Callebaut has seen sales volumes rise in Europe - outperforming the declining global chocolate confectionery market.

Irish Pride Taghmon site
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Potential deal for Irish Pride Bakeries on cards

It is rumoured that a rescue-deal for Irish Pride Bakeries is under way, after it went into receivership last month.

Finsbury
John Duffy believes Johnstone's will help the group diversify
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Finsbury bolts on Scottish acquisition

Bakery giant Finsbury Food Group has today announced the completion of its acquisition of Johnstone’s Just Desserts (Johnstone’s), from administrator FRP Advisory. 

Patisserie Valerie, bakery, cakes
Patisserie Valerie has seen financial growth in the past six months
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Ebitda up 23% at Patisserie Holdings

Underlying profit increased by 23.1% to £8.7m at Patisserie Holdings in the six months to 31 March 2015.

BFP appoints new chief executive

Bakery ingredients supplier BFP Wholesale has appointed a new chief executive, it was revealed today.

Napier Brown to sell for £34m

Real Good Food is to sell its sugar distribution business Napier Brown for £34m to Tereos, the world’s fifth-largest sugar group.

The new site at Prologis Park, Heathrow
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Food-to-go group expands capacity with new lease

Adelie Foods Group is to lease a 100,000sq ft distribution site in Heathrow in a bid to expand capacity.

WeLoveBread
#WeLoveBread campaign hits London
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Video: Proof that Londoners love bread

British Baker magazine visited London to find out whether people really do love bread as part of our #WeLoveBread campaign.

Scottish Bakers launches new export help group

Scottish Bakers has launched an industry Bakers Export Group aimed at bakers in Scotland who are exporting or considering starting.

Aldi aims for 1,000 stores in UK

The German discount supermarket operator Aldi has revealed plans to create 35,000 new jobs in the UK.

Finsbury Food Group: we could buy again

Finsbury Food Group could acquire further businesses in its bid to grow and has predicted there will be further consolidation in the bakery sector in the next five to six years.

Infographic: Fletchers sold to Finsbury Food

The £56m aquisition of Fletchers Bakeries by Finsbury Food Group will create a bakery superpower. Take a look at a breakdown of the sale and the group's past business ventures in numbers. 

Finsbury acquires Fletchers for £56m

The private equity-owned Fletchers Group of Bakeries has been sold to Finsbury Food Group for £56m – a deal which will create one of the largest specialist bakery companies in the UK.

Aldi profits boom

Aldi has announced a soar in profits after competitive prices attracted customers to the discounted supermarket.

UB attracts fresh interest

New bidders are believed to have entered the fray for United Biscuits (UB).

Hovis marketing director leaves as brand sets for future

Hovis bakery has announced the departure of marketing director Matt Hunt.

Pork Farms acquires Kerry Foods’ pastry assets

Pork Farms has acquired the chilled savoury pastry assets of Kerry Foods.

SSP to link with celebrity chef for airport bakery concept

SSP Group, worldwide operator of outlets in travel locations, has revealed plans for a new bakery concept with UK chef James Martin, as part of a £135m contract.

Third franchise for Dunkin' Donuts

Dunkin’ Donuts is to open a new store in Hounslow, as part of its newest franchise agreement.

Bagel Factory bought by Italian food operator

An Italian foodservice operator has bought Bagel Factory in a deal believed to be worth in the region of £2m.

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