Finance
Aryzta enters joint venture on flatbreads
Swiss food group Aryzta plans to drive its flatbreads category Honeytop globally via a joint venture with the group that previously ran the business.
Middleton brother makes another loss with cake business
The cake business of James Middleton, brother of Kate Middleton the Duchess of Cambridge, has made a loss for its third consecutive year.
SSP food travel giant sees LFLs up
SSP, the leading food operator in travel locations worldwide, has seen like-for-like (LFL) sales grow 2.7% in its first quarter.
Bristol firm enjoys successful sales
Bristol-based café business, Boston Tea Party, has seen a 11.5% increase in like-for-like (LFL) sales for the year ending 22 October 2014.
M&S sees positive festive performance for food
Marks & Spencer hailed a “very good” Christmas in food, claiming a record sales increase of 17% in the key Christmas week.
Tesco sees Christmas success, despite announcement to shut 43 stores
Tesco has made its first trading update of 2015, revealing plans to shut 43 “unprofitable” stores, most of which are likely to be convenience outlets.
Sainsbury’s: LFLs down and warns on deflation
Sainsbury’s has revealed like-for-like sales (LFLs) fell during the important festive period – and warned the remainder of its financial year would be “challenging”.
Waitrose sees strong festive sales
Like-for-like sales increased by 2.8% at supermarket Waitrose over the Christmas period – the sixth consecutive year it has outperformed the market.
ADM to sell global cocoa business to Olam
Archer Daniels Midland Company (ADM) is to sell its global cocoa business to Olam International, the global commodity processer and trader, for £830m ($1.8bn).
Real Good Food bullish despite profit drop
The ongoing dispute with a rival sugar company has continued to impact on Real Good Food’s (RGF’s) financial results, as the group showed a pre-tax profit loss of £5.2m.
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