Finance

Weak sterling and high sugar prices drive 19% ABF revenue hike

Allied Bakeries owner Associated British Foods (ABF) has reported 19% year-on-year growth in revenue to £7.3bn in the first half of its financial year.

Bakery packaging supplier Pulse Flexible Packaging to lose 150 jobs

Pulse Flexible Packaging, which supplies businesses including Walkers Shortbread and Samworth Brothers, is to start production again after entering administration earlier this month.

Hill Biscuits in management buyout

Private equity investor LDC has backed a management buyout of Manchester-based Hill Biscuits.

Tesco sales driven by strong food growth

Tesco has announced sales growth and profit recovery in its preliminary results for 2016/17, its first UK like-for-like sales rise since 2009/2010.

Fewer deals but brands not budging on price, says IRI

The IRI’s new Big Question report on the grocery price war revealed it has saved UK shoppers £9.3bn over three years.

Rivington Biscuits for sale

The assets of the Wigan-based manufacturer Rivington Biscuits are now for sale, after the company went into administration in December.

EXCLUSIVE: Reynards enters administration – and is resurrected by Intelipac

Bakery packaging specialist Reynards, which entered administration last month, has been resurrected by Intelipac, a supplier of products including bakery and deli bags, carrier bags and corrugated cardboard boxes to retailers in the UK and Australia.

Tesco to pay £129m fine for false accounting scandal

Tesco has agreed to pay a £129m fine for false accounting, rather than face prosecution.

Rowe’s Cornish Bakers acquired by investment firm

Cornish craft bakery WC Rowe has been acquired by investment firm Iberia Industry Capital (IIC).

Park Cakes in management buy-out

Own-label cake and dessert supplier Park Cakes has been acquired in a management buy-out from private-equity firm Vision Capital.

Finsbury Food Group to launch Mary Berry cakes

Finsbury Food Group has secured the licence to produce a range of Mary Berry cakes.

Panini’s launches gluten-free range following £200k bakery investment

Swansea-based independent bakers Panini’s has launched a range of gluten-free products following a £200,000 investment from Lloyds Bank that enabled the business to redevelop part of its bakery.

Aryzta reports 2.8% revenue decline in half-year results

Aryzta has announced that its revenue has fallen by 2.8% to €1.9bn (£1.6bn) for the six-month period ended 31 January 2017.

£3m expansion plans for Pecan Deluxe Candy

North Yorkshire ingredients manufacturer Pecan Deluxe Candy is to spend £3m on an ambitious European expansion programme.

Consumer spending confidence ‘at highest level on record’

British consumer spending confidence is at its highest recorded level, according to analysts Nielsen.

CBA takes action in face of business rates furore

Trade body the Craft Bakers’ Association (CBA) has raised concerns about the impact of business rates hikes with Chancellor Philip Hammond.

A sausage roll from Two Magpies Bakery
  (Photo:  )

Baker puts £8.17 price tag on sausage rolls to highlight business rates threat

Two Magpies Bakery in Southwold has hit the national press after advertising sausage rolls for £8.17 – a 177% mark-up on the usual £2.95 price tag.

UK food and drink exports exceeds £20bn

Exports of baked goods including bread rose 11.3% year on year to £117.6m in 2016, according to new figures from the Food & Drink Federation (FDF).

VIDEO: How technology can play a big role in the baking industry

British Baker spoke with Shilpa Agarwal, sales and marketing director for the Indian market, on how food-tech companies are currently thriving in India.

REVEALED: Five big trends driving the food-to-go market

Grocery research organisation IGD has identified the top five trends that will shape the food-to-go market for the future.

Aryzta boss Owen Killian quits in major management shake-up

Aryzta has announced a top-level management shake-up, with chief executive Owen Killian among a trio of senior figures to leave the bakery business.

Consumer spending up according to Barclaycard

The latest consumer spending figures from Barclaycard have shown that, following a lull in December, record expenditure on essential items drove a 4.4% uplift in consumer spending in January. 

Sayers sales and profits fall in ‘challenging’ year

Consumer uncertainty following the Brexit referendum made for a challenging financial year, Sayers the Bakers has reported.

Real Good Food raises prices as cost increases hit margins

Renshaw and Haydens owner Real Good Food has raised prices as its margins come under pressure from commodity price hikes.

Food-to-go drives 9.1% like-for-like sales growth at Greencore

Strong food-to-go sales have driven a 9.1% increase in like-for-like revenue at Greencore Group in the 13 weeks to 30 December 2016.

Tesco and Booker to merge in £3.7bn deal

Tesco and wholesaler Booker Group – which includes the Premier, Londis and Budgens symbol groups – are merging to create “the UK's leading food business”.

Mystery suitor makes move to acquire Fox’s Biscuits from 2 Sisters

An unnamed business has made an approach to acquire Fox’s Biscuits.

Greggs trading update: Food-to-go continuing to drive growth

Greggs says its “growing strength” in food-to-go has contributed to a 4.2% hike in like-for-like sales through its company-managed stores in the past year.

Irwin & Sons back in profit

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

Pieminister sales up 17% year on year

Growth in its own retail outlets has driven a strong performance by Bristol-based pie chain Pieminister in the past year.

Samworth acquires West Cornwall Pasty Company

Ginsters owner Samworth Brothers has acquired West Cornwall Pasty Co (WCPC) from private equity investor Endless LLP, British Baker has learned. 

Boparan prepares for ‘one of our toughest years’

Boparan Holdings, parent company of Holland’s Pies and Fox’s Biscuits owner 2 Sisters Food Group, has reported an 11.9% rise in operating profit to £19.8m in the 13 weeks to 29 October.

99 made redundant as Rivington Biscuits enters administration

FRP Advisory has been appointed as administrator to Wigan-based biscuit manufacturer Rivington Biscuits Limited.

Bakery associations warn government food prices will rise without EU workers

A number of bakery associations are among a list of 30 food representatives that have signed an open letter calling on the government to reassure EU workers about their right to work in the UK.

Baking mix business LFI Tollblend acquired by Lesaffre

UK baking mix supplier LFI Tollblend Ltd has been acquired by French business Lesaffre.

Renshaw targets amateur bakers as growth market

Real Good Food is to ramp up activity targeting amateur bakers after identifying them as a growth market.

Ferrero confirms Delacre purchase from UB

Belgium-based Delacre said Ferrero had completed the acquisition of the Delacre and Delichoc biscuit brands from United Biscuits. 

Welsh sandwich supplier wins £5m contract

Swansea-based Panini Ltd is to supply every state-run hospital and school in Wales in a new contract worth £5m.

Patisserie Holdings eyes Maison Blanc purchase

Patisserie Holdings-owned Patisserie Valerie is rumoured to be in talks to buy the Maison Blanc chain.

Worshipful Company of Bakers appoints new Master

The Worshipful Company of Bakers has elected Patrick Wilkins as its new Master.

Upper Crust operator SSP to launch Paul Hollywood bakery concept

Starbucks and Upper Crust operator SSP has secured an agreement with Paul Hollywood to open a new bakery concept called Knead.

Patisserie Holdings sales break £100m barrier as store openings continue

Sales at Patisserie Valerie owner Patisserie Holdings have topped £100m for the first time as the business continues to grow its chain of bakery stores and cafés.

Autumn Statement: FDF boss Ian Wright responds

FDF director general Ian Wright has said an effective partnership between the industry and government has “never been more important”.

FDF seminar for SMEs announced

Small and medium-sized food and drink producers (SMEs) can receive guidance on sugar reduction, labelling and claims at an upcoming seminar run by the Food and Drink Federation (FDF) and Leatherhead Food Research (LFR).

Amaze Bites were described as the standout performer
  (Photo:  )

Premier to launch Cadbury Choc Tarts following 4.1% cake sales hike in H1

Premier Foods is to extend its Cadbury range with Cadbury Choc Tarts following another strong performance from its cakes division.

Greencore to acquire US firm Peacock Foods in £600m deal

Convenience food business Greencore – which describes itself as the largest sandwich manufacturer in the world – is set to ramp up its US profile with the acquisition of Peacock Foods.

Ashers may not be able to appeal to the Supreme Court
  (Photo:  )

‘Gay cake’ row bakery Ashers considers further legal options

Belfast-based Ashers Baking Company is exploring further legal options after a judge last month ruled against the business over its refusal to make a cake supporting gay marriage.

Innovation boosts Bakkavor results

A focus on innovation has helped fresh prepared foods manufacturer Bakkavor grow revenue across the group in its third-quarter results.

Cooplands of Doncaster sold in pre-pack administration deal

Doncaster-based craft bakery business Cooplands has been saved in a pre-pack administration deal.

Courier company says Trump’s victory could be good for UK businesses

ParcelHero, an international courier specialising in UK-US deliveries, says Donald Trump’s presidential victory could be good news for UK businesses that trade regularly with the US.

My Account

Spotlight

Most read

Social