Keyword » financial

Greggs: 2018 will be a year of record investment

Greggs is to make £45m of capital expenditure in 2018 as it continues the consolidation of its manufacturing and logistics operations.

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.

Sweet Treats buck overall trend at Premier Foods

A sixth consecutive quarter of growth in its Sweet Treats division, at 6.4%, bucked the overall sales trend at Premier Foods, which reported a 5.4% fall in total group sales in its second quarter.

Peyton and Byrne appoints advisors to explore its options

Artisan bakery and café Peyton and Byrne has appointed Deloitte as its advisors to help consider its options for the future of the business.

Grocery Aid hails record £4.3m of welfare spending

Grocery Aid, which is the trading name of the National Grocers' Benevolent Fund (NGBF), spent £4.3m on welfare projects, according to its end of year financial results.

Waitrose to pay small firms within a week

Waitrose supermarket has pledged to pay its smaller suppliers within seven days at the most, in a bid to give them “more financial stability”. 

Whitbread announces new non-executive director

Whitbread, the group that owns Costa Coffee and Premier Inn, has appointed Chris Kennedy as a non-executive 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.

Financial distress worsens for food suppliers

The number of UK food suppliers experiencing significant financial distress has increased by 54% in the past 12 months as the supermarkets slash prices and delay payments, according to business recovery specialist Begbies Traynor.

Waitrose
Waitrose makes sales gains as the sun shines
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Sun helps Waitrose sales soar

Sales at Waitrose leapt 6% to £132.2m in the 22nd week of its current financial year versus the same week in 2014. 

Hotel Chocolat throws down the gauntlet on the high street

The high street chocolate war is on, after Hotel Chocolat saw better financial results than Thorntons.

Ocado has seen sales up nearly 20%
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Ocado sees sales up while average order value declines

Online retail giant Ocado has seen sales for the group rise by 19.2% to £271.1m, despite a decline in average order value.

Greencore sees Q1 LFL sales boost

Greencore group, one of the UK’s biggest sandwich producers, has delivered a 4.4% total like-for-like (LFL) sales bump in its first quarter.

Mike Coupe:
supermarket boss
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Sainsbury’s: LFLs down and warns on deflation

Sainsbury’s has revealed like-for-like sales (LFLs) fell during the important festive period – and warned the remainder of its financial year would be “challenging”.

Positive results for Bakkavör
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Bakkavör bakery investment continues amidst revenue hike

Bakkavör has outperformed the food market, boasting a 4% growth in like-for-like revenues for the 39 weeks ended 27 September 2014.

Tate & Lyle secures £3.1bn sales for 2011/12

Global ingredients firm Tate & Lyle has reported a 14% growth in sales to almost £3.1bn in its full-year results.

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