Finance
Gail’s opts for private over public growth
Gail’s Bakery has reportedly ended talks of stock market flotation, and will now focus on growing the business privately.
Crepe firm plans broad international growth
London-based Crepeaffaire is on the verge of major UK and international expansion plans with four new UK sites in the next four months.
Branded sales down for 2 Sisters
2 Sisters Food Group, owner of Fox’s Biscuits, has seen a fall in branded sales, down 3% for the full year.
Discounters continue to dominate, as overall grocery declines
Aldi and Lidl have continued to storm the grocery market, despite an overall decline in the sector since Kantar Worldpanel records began in 1994.
Bakkavör bakery investment continues amidst revenue hike
Bakkavör has outperformed the food market, boasting a 4% growth in like-for-like revenues for the 39 weeks ended 27 September 2014.
Underlying profits and LFLs down at Sainsbury’s
Supermarket group Sainsbury’s this morning unveiled a 2.1% fall in like-for-like sales and said underlying profit had dropped by 6.3% to £375m.
Carr’s Milling hails record profits
Carr’s Milling Industries has announced another year of record profits in 2013/14, with EBITDA up 9.1% to £20.4m.
Tate & Lyle profits tumble
Ingredients manufacturer Tate & Lyle has announced a 40% fall in first-half adjusted pretax profit at the top end of its range.
Barry Callebaut sales volume up 11.8%
Swiss chocolate maker Barry Callebaut increased sales volume by 11.8% in the year to 31 August 2014, helped by the integration of the cocoa business acquired in June 2013.
LFLs slump again, Morrisons insists it’s on track
Like-for-like sales suffered a 6.3% slump in the 13 weeks to 2 November 2014 at under pressure supermarket Morrisons.
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