Finance

Finsbury acquires Fletchers for £56m

The private equity-owned Fletchers Group of Bakeries has been sold to Finsbury Food Group for £56m – a deal which will create one of the largest specialist bakery companies in the UK.

NBPO:
New Britain Palm Oil's dockside processing facility in Liverpool
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Update: NBPO 'welcomes' £1.1bn cash takeover

New Britain Palm Oil (NBPO) has welcomed a cash takeover bid of £1.1bn, subject to approval from shareholders, it has confirmed.

IGD chief executive predicts a £31bn growth in Convenience, discount and online retailing
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IGD forecasts continued change to retail landscape

Convenience, discount and online retailing are predicted to grow by more than £31bn in the next five years and claim 43% of the grocery market.

Warren Buffett
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Top investor Buffet admits "mistake" on Tesco

Warren Buffett, renowned US investor and world’s third richest man has admitted that investing in Tesco was a “huge mistake.”

Salted caramel:
Clam's Cakes delivers around the UK
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Clam’s Cakes set to hit £1m turnover

Handmade cake supplier Clam’s Cakes has predicted a turnover of £1m this year, after expanding into larger premises in Ebbw Vale, Wales.

Liverpool plant:
New Britain Palm Oil refinery in Merseyside
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Sale of major stake in NBPO collapses

The potential sale of nearly half of New Britain Palm Oil (NBPO) has fallen through, it has been announced.

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. 

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