Finance
Greencore furloughs staff as food-to-go demand falls
A sharp drop in demand for food-to-go has prompted Greencore to introduce a string of measures to reduce costs.
Coronavirus: What grants are available to bakeries?
Gary Hemming, commercial lending director at finance broker ABC Finance, outlines the ways a bakery might access financial support
SSP UK sales crash 80% as Covid-19 hits travel market
Travel-retail business SSP has seen UK and European like-for-like sales crash 80% year-on-year.
Coronavirus: government to fund sick pay for SMEs
Small- and medium-sized businesses will be able to reclaim Statutory Sick Pay (SSP) for staff off work due to the Covid-19 coronavirus.
Aryzta European revenue declines but earnings rise
Aryzta has reported a 2% organic decline in revenue from its European operation as the business refocuses on frozen bakery.
Patisserie Valerie is merged with Bakers & Baristas
Causeway Capital, which acquired Patisserie Valerie last year, has merged the chain with its Bakers & Baristas business.
Greggs: good start to 2020 but storms bring headwinds
Greggs has reported a “very strong start” to the year – but sales have since been hit by storms that battered the country in recent weeks.
Monty’s Bakehouse bought by Asian catering firm SATS
Surrey-based Monty’s Bakehouse has been acquired by leading Asian foodservice supplier SATS.
Bakkavor says coronavirus is hitting international sales
Bakkavor has announced 1.7% like-for-like growth in group revenue in the past year – but warned the coronavirus outbreak was having a “significant” impact on its international business.
Pukka Pies to invest £5m to boost bakery capacity
Savoury pastry manufacturer Pukka is to invest £5m in its bakery in Syston, Leicestershire, in a move that will “significantly” enhance its manufacturing capacity and capability.
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