Finance

2 Sisters to invest in bakery, appoints new head

2 Sisters Food Group has appointed Lochlain Feeley to the newly created role of bakery managing director.

Finsbury: profits up, slashes debt

Bread and cake maker Finsbury Food Group revealed this morning its operating profit increased by 5.2% to £2.6m in the first half of the year to 28 December 2013.

UK food exports up, Chinese market doubles

Total UK food and non-alcoholic drink exports grew 5% to £12.8bn in 2013, according to the Food and Drink Federation (FDF).

2 Sisters sees increased loss and debt in Q2

The makers of Fox’s biscuits and Goodfellas pizzas has announced widening losses and increased debt in its second-quarter results.

Sainsbury’s suffers in fourth quarter

Sainbury’s has revealed its fourth-quarter like-for-like sales (LFLs) were down 3.8% and said last year it had benefited from the horsemeat crisis during the same period.

Supermarket price war fears

Fears of a price war between supermarkets and discounters yesterday saw around £2bn wiped off the combined value of Tesco, Sainsbury’s and Morrisons shares.

Morrisons to restructure following pre-tax loss

Morrisons has launched a major restructure of its business after announcing a loss for the year to February 2014.

Rise in national minimum wage

The national minimum wage will increase by 3% in October this year, the government has announced.

Greggs makes two board changes

Greggs, the bakery retail chain, has appointed two new non-executive directors.

Premier Foods to meet unions over Hovis developments

The senior management of Premier Foods is to meet with union bosses to discuss Hovis workers affected by the partial sale of the bread brand. 

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