Finance

Allied Bakeries recovering losses, reports ABF

Allied Bakeries has made “some progress” in reducing its previously announced losses, according to its parent company.

Finsbury UK sales up as overseas business dips

Finsbury Food Group has said it is maintaining its focus on offsetting cost increases after reporting a 2.5% rise in revenue in the last six months of 2017.

Nomad Foods to acquire Goodfella’s Pizza

Nomad Foods is to buy Goodfellas pizza supplier Green Isle Foods from 2 Sisters Food Group.

Premier Foods Q3: Cadbury and Mr Kipling sales decline

Premier Foods’ Mr Kipling and Cadbury cake sales have fallen in the past three months – although the business has reported strong growth in its own-label cake business.

How was 2017 for Britain’s bakery industry?

British Baker wants you to say what the past 12 months have meant for the retail bakery market.

Coffee shop market up 7.3% despite Brexit pressures

More than 1,200 coffee shops were opened in the UK in the past year, according to a new study.

Margin pressure continues to push up bread prices

The average price of a large loaf of wrapped bread has risen 6p in the past year as rising costs put pressure on Britain’s bakers.

Paul UK raises over £13k for food charity campaign

Paul UK has raised £13,280 for The Felix Project’s ‘Help a Hungry Child’ campaign from sales of its breads.

Kluman & Balter acquired by distributor Brenntag

Bakery ingredients suppliers Kluman & Balter and A1 Cake Mixes Limited have been acquired by global chemical distribution giant Brenntag.

RGF secures new funding after making £6.7m loss

Haydens and Renshaw owner Real Good Food has secured further funding after announcing a loss of almost £7m in the first half of 2017.

How was 2017 for Britain’s bakery industry?

British Baker wants you to say what the past 12 months have meant for the retail bakery market.

Puratos acquires fillings and sauces firm Fruitapeel

Lancashire-based fruit fillings and sauces supplier Fruitapeel has been acquired by Puratos.

Review of the year 2017: April to June

As the year draws to a close, we look back at some of the major stories that have impacted the baking industry in 2017.

Pieminister to boost capacity and open new sites

Pieminister is acquiring new plant and machinery and opening three new restaurants after securing £1.65m in financing.

Coopland & Son set for expansion with £8.5m investment

Coopland & Son is set to open 30 new shops in three years across the north of England following a £8.5m external investment from investors Business Growth Fund (BGF).

Review of the year 2017: January to March

As the year draws to a close, we look back at some of the major stories that have impacted the baking industry in 2017.

Graze sales up 8% on UK and US expansion

Sales at snack brand Graze have risen 8% year on year as the business extends its presence in the UK and US.

Wheat planting area predicted to dip in 2018

The area of UK wheat planting is expected to fall slightly in 2018.

Snacking helps drive 20% growth in Greencore food-to-go

Greencore, which claims to hold a 60% share of the UK grocery sandwich market, has reported almost 20% growth in its food-to-go sales in the past year.

Aryzta European business continues to outpace US

Group revenue at global baking business Aryzta has slumped 5.5% in the first quarter to €909.7m (£812m).

Patisserie Holdings reveals plans to boost production

Patisserie Valerie owner Patisserie Holdings is looking at options to increase production, including a manufacturing site in Manchester and in-store baking of morning goods.

Tale of two export markets: cake booms as bread falls

Exports of UK-produced cakes have soared almost 20% year on year in the past quarter – but bread exports have slumped 15%.

SSP has worked with Paul Hollywood to open the Knead concept in London
  (Photo: Paul Hollywood )

Air passenger growth drives UK sales hike for SSP

Strong growth in the air sector has helped drive a 4.8% hike in full-year UK revenue for Starbucks and Upper Crust travel sites operator SSP.

Finsbury revenue up 4% despite overseas sales dip

Finsbury Food Group has reported a 4% hike in group sales in the past four months.

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.

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