Finance

McVitie’s and Tesco set up charity campaign

McVitie’s has teamed up with Tesco in a partnership with charities Fareshare and The Trussell Trust.

Barry Callebaut bucks declining chocolate market

Chocolate supplier Barry Callebaut has bucked a declining overall EMEA chocolate market to grow its volumes 6.4%.

Former bakery boss disqualified from running a business for five years

A former director of The Royal William Bakery in Plymouth has been disqualified from running a business for the next five years after failing to pay more than £130k in tax bills.

Bakery equipment firm EPP in management buyout

Bakery equipment supplier European Process Plant (EPP) has completed a management buyout led by managing director Steve Merritt.

New stores and Express sites drive Costa growth

Estate expansion and the introduction of a new range of breakfast food have helped grow sales at the Costa chain.

Bells Food Group invests £500k in cake bakery expansion

Bells Food Group has spent £500k to create a dedicated cake bakery at a former council depot in Shotts, Scotland.

Real Good Food to move HQ and review costs as margins take hit

Real Good Food has announced it is to move its HQ and that it now expects to make a loss in the current financial year.

JJ Food Service launches foodservice credit card

National wholesaler JJ Food Service has launched a credit card.

Wall’s Pastry campaign provides £5k boost for Welsh café

Wall’s Pastry has invested £5,000 in community café Little Lounge Play Café in Pontypridd, Wales as part of its 2017 Helping Hand campaign.

Burton’s revenue and earnings down following Cadbury licence sale

A fall in revenue at Burton’s Foods has been driven by the disposal of the licence to produce Cadbury biscuits, and a drop in savoury biscuit sales.

Bakkavor reveals plans for £100m flotation

Prepared food giant Bakkavor is aiming to raise around £100m through a stock market flotation.

Prices rise following drop in wheat meeting bread spec

Latest test results show a sharp decline in the proportion of wheat samples meeting full bread specification.

Greggs: trade boosted by improved service and availability

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

SSP Q4 results: revenue up 15% despite ‘soft’ rail sector

Starbucks and Upper Crust travel sites operator SSP has announced a 14.8% increase in revenue in its fourth quarter.

Real Good Food: Currency and costs drive £5.8m loss

Renshaw and Haydens owner Real Good Food has made a loss of almost £6m – admitting it has had poor control over its central costs.

Allied Bakeries planning to close Norwich depot

Kingsmill owner Allied Bakeries is set to close its Norwich distribution depot.

Grain processor Silvery Tweed reveals volume and profit growth

Cereals supplier Silvery Tweed has reported sustained volume increases and tipped its business for further growth in the short and long term.

Aryzta’s UK business hit by weak pound and soaring butter costs

Rising butter costs and the impact of weakened sterling have taken their toll on Aryzta Food Solutions’ UK business in the past year.

Real Good Food secures further debt facility

Shareholders in Haydens and Renshaw owner Real Good Food have agreed to give the business a £4m short-term debt facility.

Finsbury boss: ‘Business environment isn’t going to get any easier’

Finsbury Food Group – which last month announced plans to close its Grain D'Or bakery in London – has said its focus on driving efficiency and scale has helped it weather challenging market conditions.

Real Good Food vows to shake up financial reporting

Haydens and Renshaw owner Real Good Food has said it is committed to improving its corporate governance and reporting after failing to fully report details of payments made to directors.

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).

Orchard Valley Foods and Candeco merge

Orchard Valley Foods has merged with Swedish decorations manufacturer Candeco Confektyr AB.

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 agrees expanded Cadbury licensing deal with Mondelēz International

Premier Foods has secured an expanded licensing deal with Mondelēz International to produce Cadbury-branded cakes and ambient desserts.

Renshaw owner Real Good Food reduces expected earnings for second time

Haydens and Renshaw owner Real Good Food (RGF) has further reduced its earnings expectations.

Wrights Food Group acquires bread supplier Premier Catering

Wrights Food Group is to acquire Stoke-on-Trent bakery Premier Catering, which has been supplying it with bread for more than 30 years.

Real Good Food agrees £2m overdraft to plug funding gap

Renshaw and Haydens owner Real Good Food has secured a £2m overdraft facility with Lloyds Bank after discovering a shortfall in its finances.

Founder and finance director leave in shake-up at Real Good Food

Real Good Food – which last week saw its shares plunge following a profit warning – has announced the departure of its founder and its finance director.

Real Good Food shares crash following profit warning

Shares in Renshaw and Haydens Bakery owner Real Good Food plunged by a third yesterday (1 August) after the business issued a profits warning.

Geary’s Bakery expands with £4.5m funding

Family-owned bakery Geary’s Bakery has constructed a larger factory facility at its premises following a £4.5m investment from NatWest.

Greggs’ yum-yums production boosted by supply chain shake-up

Greggs has reported that its manufacturing and logistics shake-up, which has brought the closure and restructure of a number of sites, is boosting efficiency and product quality.

Thomas the Baker invests in £750k refurb at Helmsley store

Thomas the Baker is investing more than £750,000 in rebuilding and refurbishing its Thomas of Helmsley delicatessen.

Paul UK bucks ‘challenging conditions’ to grow 12%

Store refurbishments and new product development have helped drive growth at bakery and café chain Paul UK.

Greencore Q3 revenue up 76.6% - but challenges for cake and dessert in UK

Revenue at food-to-go business Greencore has soared despite “challenging conditions” in parts of its UK business.

Greggs raises £85k for We Love Manchester Emergency Fund

Greggs has raised £85,718 for the Manchester Evening News (MEN) We Love Manchester Emergency Fund through in-store collections.

Promise Gluten Free sells majority stake to Mayfair Equity Partners

Irish free-from bakery supplier Promise Gluten Free has sold its majority stake to private equity firm Mayfair Equity Partners.

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.

Tasties of Chester rescued from administration

Food-to-go supplier Tasties of Chester has been rescued from administration in a deal that has saved 188 jobs.

Welsh bakery business Cake Crew to expand

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

Butter shortage looming, warns Arla boss

Bakers are set to face a butter shortage by the end of this year, according to comments by the boss of dairy giant Arla.

Ole & Steen bakery owner Lagkagehuset sold

Danish bakery business Lagkagehuset – owner of the Ole & Steen bakery brand – has been acquired by private equity firm Nordic Capital.

Real Good Food invests £15.5m in Renshaw and Haydens

Real Good Food is to invest £15.5m in subsidiaries Renshaw and Haydens Bakery.

Competitive wrapped bread market takes £25m toll on Warburtons

Warburtons’ turnover fell more than £25m last year as the “increasingly competitive” wrapped bread market impacted the business.

Thomas the Baker raises £10k for British Heart Foundation

Yorkshire-based Thomas the Baker has presented a cheque for £10,000 to the British Heart Foundation.

Costa sales up 8.7% as Whitbread records ‘good start’ to year

Whitbread has reported an 8.7% hike in total sales at Costa in its first-quarter results for the 13 weeks to 1 June.

Tale of two markets: Aryzta European sales rise as US business falls

Group sales at global bakery business Aryzta have remained flat despite growth in its European division.

SSP Group sales rise 8.1% to more than £1bn

Profits at Starbucks and Upper Crust travel sites operator SSP have soared by almost a quarter as sales break the £1bn mark.

Premier Foods FY results: ‘challenging’ year brings £12m profits slump

Full-year profits at Mr Kipling owner Premier Foods have fallen by almost 10% in what the company described as a challenging year.

Jempson’s and The Rye Bakery merge baked goods production

Sussex retail and café business Jempson’s is to create a ‘state of the art’ bakery operation in partnership with The Rye Bakery.

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