Finance

Aldi profits boom

Aldi has announced a soar in profits after competitive prices attracted customers to the discounted supermarket.

Aryzta AG:
The company has invested £77.9m in bakery expansion
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Aryzta boosts revenue amid bakery investments

Swiss bakery group Aryzta has lifted European revenue, boosted by a reorganisation of its bakery and food solutions arm.

Handmade:
New shops in the pipeline for Patisserie Valerie
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Patisserie Valerie accelerates expansion plans

Patisserie Valerie has said it is currently opening “a store every two to three weeks”, this comes after its stock market floatation plans prove successful. 

Grocery inflation low
Inflation decrease means food costs are the same as last year
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Supermarket war continues as market reaches low

Competition within supermarkets has driven down grocery inflation to zero. 

Tate & Lyle said the severe winter in the US hit stock levels
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Tate & Lyle make profit warning

Tate & Lyle has warned on profit in its half year trading update, after bad weather in the US hits stock. 

Premier Foods restructure allowing honed focus on cakes

Premier Foods has announced the restructure of its commercial sector, creating three new Strategic Business Units (SBU’s).

UB attracts fresh interest

New bidders are believed to have entered the fray for United Biscuits (UB).

Costa Coffee:
The brand has seen an impressive sales growth in the past year
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Costa Coffee sales boom

Costa has seen like-for-like sales (LFLS) increase by 7.3% in the 11 weeks to 14 August.

Low food inflation hits sales

Food and drink sales have reached a new low in August.

The Jordans Cereal brand produces a range of breakfast items
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Jordans Cereal founders take controlling share in milling firm

The Jordans brothers have acquired a majority ownership in European Oat Millers (EOM) in a bid to develop the milling company.

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