Finance

Whitbread shares jump in value

Whitbread shares increased around 3.3% yesterday following the company reporting like-for-like sales (LFLs) growth of 3.6% for the six months to August 27.

Mark Price
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Mark Price resigns from Waitrose

Supermarket chain Waitrose is to lose its managing director as Mark Price has announced he is to stand down.

Délifrance unveils £30m investment and new bread line

Délifrance UK has unveiled a new £30m investment to its bakery in London which has already seen the installation of a state-of-the-art stone baked bread line.

Delay on sugar report criticised

Campaigners have blasted a move to shelve a report which claimed a sugar tax would decrease purchases of the types of food and drinks blamed for Britain’s obesity crisis.

Samworth Brothers posts big profit increase

Food manufacturer Samworth Brothers saw pre-tax profit rise 25% last year, according to figures filed at Companies House, up from £33.5m in 2013 to £41.8m in 2014 (year ending 27 December).

  (Photo: Photographer - Richard Kelly Photography )

Krispy Kreme gives commuters Halloween surprise

US doughnut brand Krispy Kreme staged a spooktacular event at London’s Waterloo station on 19 October by handing out 1,000 free doughnuts.

IGD predicts online shopping surge

Up to 42% of British shoppers could be converted to online grocery shopping, according to food and grocery research and training charity IGD.

Deflation saves households £58 a year on grocery bills

Supermarket price wars have left the average household better off by £58 a year, according to Kantar Worldpanel figures for the 12 weeks ending October 11, 2015.

Dum Dum Doughnuts to expand in UAE

Dum Dum Doughnuts has launched a new website and announced expansion plans in the United Arab Emirates (UAE).

Costa reports strong sales growth

Whitbread-owned coffee brand Costa has posted UK like-for-like sales growth of 4.4% for the six months to August 27 2015.

Big brands join forces to call for trans-fat limit

Major food producers Mars, Kellogg’s, Nestlé and Mondelēz have thrown their weight behind a campaign to put a limit on trans-fats in food by signing an open letter to the European Commission.

Jane Tyler, managing director of RedBlack
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CyBake trialled by M&S

Bakery management software CyBake is being trialled by clothing and food retailer Marks & Spencer (M&S) across a selection of its in-store bakeries.

Scottish Bakers helps exporters with new brochure

Scottish Bakers has launched a new ‘Hero Products’ brochure to assist its exporter members in selling bakery products all over the world.

Tesco raises £250m in property sale

The sale of 14 development sites to pan-European property investor Meyer Bergman has raised £250m for troubled supermarket giant Tesco.

New bakery concept to be introduced to London

A new bakery, restaurant and bar concept, Wright & Bell, is due to be launched by former Mitchells & Butlers retail director Jayne Baker.

Square Pie hits crowdfunding target

Gourmet pie-themed restaurant chain Square Pie has raised a final figure of £681,500 through the sale of its ‘Pie Bonds’, surpassing its target of £450,000 by 51.4%.

Caffè Nero introduces first hot food menu

Caffè Nero has launched its first ‘hot food’ menu with a range of Italian-inspired dishes.

Iceland has bread advert banned

Iceland has had one of its bread adverts banned by the Advertising Standards Authority (ASA) after a complaint it misled the public.

Left: finance and operations director, Ian Tatchell. Right: sales and procurement director, Graham Davenport
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Petrow opens Suffolk facility

Dried fruit and nuts supplier Petrow Food Group has opened an 80,000sq ft factory and warehouse at Haverhill, Suffolk.

EAT appoints new chairman

John Derkach has been appointed chairman of on-the-go food outlet EAT.

British Lion Eggs’ Code of Practice reviewed

The British Egg Industry Council (BEIC) is preparing to relaunch its Lion Eggs Code of Practice at the end of this month, and has also lodged a trademark application for a logo for products such as quiche made with Lion eggs.

LPQ bemoans rents rise

Le Pain Quotidien has become the second major bakery chain to say that the cost of rents is a major downside of running a business in central London.

Full steam ahead for EAT

Sandwich and coffee chain EAT has announced plans to tackle the burgeoning train station and airport market as part of its expansion plans.

United Biscuits suffers profit tumble

United Biscuits (UB) has seen pre-tax operating profits fall 47.5% to £54.7 million in the year to 3 January 2015, according to newly filed Companies House accounts.

Tate & Lyle trading and outlook unchanged

Ingredients supplier Tate & Lyle said its trading performance in its first half had been “in line with our expectations” and its outlook for the year was “unchanged”.

Managing director of Speciality Breads Peter Millen
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Speciality Breads to open new £3m bakery

Speciality Breads, the Margate-based wholesale bakery, is to open a new £3m bakery as it revealed it is seeing 30% year-on-year growth and is nearing a £6m turnover.

Tesco records drop in UK like-for-like sales

Supermarket giant Tesco saw its operating profit fall by nearly 55% to £354m in its first half, it revealed this morning.

Greggs reports Q3 LFL sales rise of nearly 5%

Greggs, the high street bakery retailer, said it planned to “deliver good growth for the year” – as it announced third-quarter like-for-like sales (LFLs) of 4.9%.

Staff turnover hits industry hard

Up to 17% of manufacturing and 24% of front-of-house staff leave their jobs every year, a new survey has claimed.

Carrier bag charge comes into force

From today English shoppers will have to pay 5p for plastic carrier bags at the checkout.

Supermarket white loaf price down nearly 5%

A loaf of supermarket white bread has fallen by 4.5% in year, according to new research.

Spanish artisan bakery opens second UK bakery

Spanish bakery Granier is to open a second UK site in Woolwich.

Starbucks franchisee secures expansion funds

Owner of the UK’s first Starbucks franchise Anil Patil has raised £10m to open 16 new sites.

Costa has pledged to pay more
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Costa increases pay as new national minimum wage introduced

Costa Coffee has followed Starbucks in pledging to pay its staff more.

Sainsbury’s posts moderate sales growth

Sainsbury’s has revealed that total retail sales increased by 0.3% (excluding fuel) for the 16 weeks to 26 September 2015.

Invicta adds business development manager

Bakery, catering and food processing supplier Invicta Bakeware has appointed a new business development manager as part of a planned expansion.

Aldi supermarket sales increase by a third

Discount supermarket Aldi has recorded record sales of £6.89 billion for its last financial year, a 31% increase on the previous (2013) year’s figure of £5.27bn.

Tate & Lyle fined £18m for EU sugar deal

Tate & Lyle has been fined £18m over the 2010 sale of its EU sugars business to American Sugar Refining (ASR). 

Proper Cornish’s portable pies listed by major companies

Proper Cornish’s new, handheld ‘on-the-go’ pies have been listed by wholesaler Bidvest and caterer Compass Group.

Innovate to succeed, says foodservice research company Horizons

Operators must offer food from breakfast to bedtime with everything in between or they will be left behind by their competition, according to foodservice research company Horizons.

Scottish co-operative launches premium doughnut range

Scotland’s largest independent co-operative has announced the launch of a new premium doughnut range.

Starbucks to boost staff pay

Coffee chain Starbucks will raise the average hourly rate it pays its staff to £7.98 per hour and offer a help-to-rent scheme.

Hovis scales back production at Wigan

Unions have confirmed that 40 jobs were lost at the end of July, when Hovis closed down a bread production line at its Wigan bakery.

Gunstones back to business as normal

Union leaders have confirmed that a settlement has been reached in a pay dispute at Gunstones Bakery in Sheffield.

Real Good Food: a special report

Martyn Leek takes a closer look at the recent presentation by the Real Good Food board to its shareholders at its annual general meeting

Shares dip at Real Good Food

Shares in Real Good Food (RGF) fell by nearly 2% – as the company announced revenue was down as it entered its new financial year.

John Titmuss
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UB appoints new head of group supply chain

United Biscuits has announced John Titmuss as its new group supply chain director.

Real Good Food's Executive Chairman Pieter Totté
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RGF satisfied, but warns revenue is down

Real Good Food, the bakery ingredients group, has declared itself “very satisfied” with the start of its new financial year – despite revenue being down.

Marketing director to leave Allied Bakeries

Jon Wilson, marketing director at Kingsmill owner Allied Bakeries, is to leave the business, British Baker can reveal.

Finsbury: analysing the results

Finsbury Food Group unveiled revenue and profit growth yesterday – but what were the drivers for the increases? Here British Baker analyses the performance of the bakery group in greater detail.

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