Finance

Greggs LFLS up
Growth:
Greggs sees increase in sales
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Greggs LFLS up by 3.2%

Greggs, the BB75 leading bakery retailer, has seen like-for-like sales growth of 3.2% in the first 26 weeks of the year to 28 June.

Grocery market
On the up!
lowest levels of grocery inflation since October 2006
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Grocery sales figures rebound after historic low

Grocery market growth has bounced back to 2.8% in the 12 weeks to 22 June after a historic low of 1.7% last period.

 3.4% rise in the bread market
On the rise:
A 10.9% growth is expected to be made between now and 2018
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Bread market to grow 10.9% despite overall decline

The UK retail market for bread and bakery products grew by 3.4% in 2013 despite continued decline in bread consumption and volume sales.

Premier Foods shares fall on sales warning

Shares in the embattled food group Premier Foods fell by nearly 10% after the company, which produces Mr Kipling cakes, said it had seen falling sales in its so-called ‘Power Brands’.

Second consecutive sales drop for Sainsbury’s

Supermarket giant Sainsbury’s has reported a second consecutive quarter of falling sales.

Associated British Foods buys Dorset Cereals

Allied Bakeries’ parent company Associated British Foods (ABF) is to buy UK premium cereal maker Dorset Cereals in a deal believed to be worth £50m.

Morrisons chairman to step down

The chairman of the under-fire supermarket chain Morrisons has announced he plans to step down.

Tesco sees further drop in sales

Tesco has reported falling sales in the third consecutive quarter as it suffers competition from leading discounters.

Bacheldre Watermill for sale for £1.4m

An award-winning watermill business, which supplies organic and traditional flours and bread mixes, has been placed on the market for £1.4m. 

EAT plans UK expansion

The private equity-backed sandwich chain EAT plans to expand beyond London – after securing a further £40m in funding.

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