Finance

Aryzta announces plans to raise £715m in capital

Aryzta is aiming to raise around £715m as part of plans to strengthen its presence in the frozen bakery market.

Real Good Food raises £1m with open share offer

Real Good Food has raised £1m with an open share offer that it says had been heavily oversubscribed.

Aulds closes four more stores in retail liquidation

Scottish family bakery Aulds has closed a further four stores after making the decision to liquidate its retail arm to focus on the wholesale and production operation.

Cake Brands invests £100k in frozen dessert facility

West Sussex-based Cake Brands has expanded its frozen desserts capacity at its premises in Chichester.

Tesco and Carrefour deal to begin in October

A strategic alliance between Tesco and global retail giant Carrefour is expected to become operational in October 2018.

Aulds will continue to supply products to Scotmid stores and independent retailers
  (Photo:  )

Aulds liquidates retail arm to focus on wholesale

Family-owned bakery Aulds has placed its retail business into liquidation to focus on its wholesale and production operation.

Topping Pie Company ramps up cruise ship business

South Yorkshire-based The Topping Pie Company has more than tripled the number of cruise ships serving its bakes.

West Midlands family firm John Dwyer Bakery sold

Family business John Dwyer Bakery has been acquired by Bridgwater Bros, owner of frozen food supplier The UK Foodhall.

Warburtons set to end Stockton bread production

Warburtons is planning to stop producing bread at its Stockton-on-Tees site as a result of the declining wrapped bread market.

Food to go bolsters Q3 performance at Greencore

Food-to-go sales have bolstered Greencore’s UK and Ireland business, resulting in a 1.4% growth in reported revenue in Q3.

Weather hits sales growth and profit at Greggs

Footfall and costs at Greggs have been hit by the weather, with the business reporting a drop in profits.

Hot weather pushes feed wheat to five-year high

Wheat prices have continued to rise across the UK and Europe as a result of the hot, dry weather.

Premier Foods boss Gavin Darby re-elected as CEO

Gavin Darby has been re-elected as chief executive of Mr Kipling owner Premier Foods – although more than 40% of the vote went against him.

Mr Kipling turnaround drives Premier growth

A surge in sales of the previously ailing Mr Kipling brand has driven growth in Premier Foods’ revenue.

Freshpack to close after low margins deter buyers

Frozen pies and snacks manufacturer Freshpack is to close following an unsuccessful search for a buyer.

Air sector drives growth in SSP UK sales

SSP, which operates UK travel sites for brands including Starbucks and Upper Crust, has reported a 2.7% increase in like-for-like sales in its third quarter.

Finsbury Food Group fights 'unprecedented' cost hikes

Finsbury Food Group says it will deliver profits in line with expectations despite “unprecedented commodity and labour inflation”.

Prescot bakery in £30,000 crowdfunding push

An independent bakery in Prescot has raised almost £10,000 in 13 days as part of a £30,000 crowdfunding push to help expand its business.

AB Mauri completes Holgran / Fleming Howden acquisition deal

AB Mauri has acquired ingredients suppliers Holgran and Fleming Howden from Rank Hovis Milling.

Margins threatened by rise in wheat and butter costs

Bakers are facing continued increases in wheat prices as a result of the dry weather – as butter once again heads towards record highs.

Tesco and Carrefour to agree joint purchasing deal

Tesco and global retail giant Carrefour are set to enter a long-term strategic alliance designed to help the businesses lower prices.

Warburtons: non-bread drives sales as profits fall

Warburtons’ operating profit fell by more than a third last year as the business was hit by rising costs and a decline in the bread market.

Low shopper footfall hits Costa like-for-like sales

Costa like-for-like sales have fallen in the last three months – although overall sales rose thanks to new store openings and Express machine roll-outs.

Former Hovis bakery site in Wigan sold for housing

The site of a former Hovis crumpet and bread bakery has been sold to house-builder Taylor Wimpey.

Shareholder reveals why it wants Premier Foods boss out

Oasis Management Company – the largest independent investor in Mr Kipling owner Premier Foods – has accused CEO Gavin Darby of driving the business into “its current zombie-like state”.

Premier Foods boss facing pressure from shareholder

Mr Kipling and Cadbury cakes supplier Premier Foods has said one of its shareholders is to vote against the reappointment of chief executive officer Gavin Darby.

WJFG buys foodservice ingredients firm Wellocks

Jacksons Bakery owner William Jackson Food Group (WJFG) has acquired foodservice ingredients business Wellocks.

Does foodservice decline herald a new recession?

A drop in the foodservice market could be a sign of a new recession, analysts have warned.

Palethorpes Bakery opens £1.3m distribution centre

Chilled savoury pastry supplier Palethorpes Bakery has created 100 jobs with the opening of a £1.3m distribution centre at its site in Market Drayton, Shropshire.

Yorkshire bakery raises £12k via crowdfunding

Malton-based Zuzu’s Bakery is set to expand its operations after raising more than £12,000 via a crowdfunding campaign.

Can apple by-product cut sugar and sat fat in cakes?

A Welsh consortium has secured £350,000 in funding for research into using an apple by-product to reduce levels of sugar and saturated fat in items such as cakes.

Real Good Food aims to raise extra £1m funding

Renshaw and Haydens owner Real Good Food is hoping to raise £1m of extra working capital with an open share offer.

William Jackson sells Aunt Bessie’s to Nomad Foods

Jacksons Bakery owner William Jackson Food Group has sold its Aunt Bessie’s brand to Nomad Foods.

Price of supermarket loaf up 8.5% in past two years

The average price of a large loaf of wrapped bread in Britain’s supermarkets has risen from 94p in 2016 to £1.02 today.

Cakes exports decline in first quarter of 2018

Cake exports have fallen more than 6% year on year, in contrast to a 5.5% increase in total sales of UK food and drink overseas.

Suppliers target south-east Asia export opportunities

Ten food and drink manufacturers including crackers and biscuits supplier Rakusen’s have taken part in a trade mission to Singapore.

Food industry unveils manifesto for Brexit success

The Federation of Bakers (FOB) and National Association of British and Irish Flour Millers are among more than 100 food industry organisations that have united to present key Brexit objectives for government.

Krispy Kreme owner JAB to acquire Pret A Manger

Pret A Manger is to be bought by JAB, two years after the investment firm acquired doughnut business Krispy Kreme.

Aryzta announces profit warning and £175m cuts

Bakery business Aryzta has cuts its forecast earnings and announced plans to slash costs by £175m over the next three years.

M&S to axe 100 stores and slow food expansion

Marks & Spencer (M&S) is to close more than 100 stores by 2022 and has scaled back its Simply Food openings.

US woes take toll on profit growth at Greencore

Greencore profit growth has been dented in a “challenging” half year by problems in the firm’s US operation.

SSP Group profits up by almost a third year on year

New contracts and operational improvements have driven a 32.6% increase in underlying operating profit at travel site operator SSP Group.

Northumbrian Fine Foods acquired by European firm

Gluten-free biscuit manufacturer Northumbrian Fine Foods has been acquired by European own-label firm Biscuit International from CriSeren Foods.

Patisserie Valerie up 13.2% as expansion continues

Revenue across the Patisserie Valerie brand has risen 13.2% in the past half-year.

Premier branded cake sales down 3% across the year

Sales of branded cakes at Mr Kipling and Cadbury cakes supplier Premier Foods have fallen more than 3% year on year.

NPD helps NI bakery Sweet Things treble sales

Sales at Northern Irish bakery Sweet Things have trebled to £1.5m over the past year, driven partly by NPD.

Crowdfunding helps gluten-free bakery plan second site

A gluten-free Edinburgh bakery plans to open a second store within the next year following a successful crowdfunding push that has raised more than £30,000.

Severe winter weather hits Greggs’ sales

Weak footfall caused by severe winter weather contributed to a like-for-like fall in Greggs’ sales during the first 18 weeks of the year.

Real Good Food secures further £8.2m funding

Haydens and Renshaw owner Real Good Food has secured a further £8.2m financing – and stated that, without this, there was a “significant risk” it would not be able to trade.

Samworths’ Brooklands Bakery site facing closure

The Brooklands Bakery, previously part of the Euphorium bakery business owned by Tesco, is facing closure.

My Account

Spotlight

Most read

Social