Finance

Orchard Valley Foods buys food ingredients firm

Orchard Valley Foods has acquired a rival company in a deal which it said will boost sales to more than £20m a year.

Costa sees LFLs and profit growth

It seems the nation’s thirst for coffee shows no signs of abating - as Costa revealed like-for-like sales (LFLs) growth of 5.7% this morning.

Starbucks reports first sales drop in 16 years

Starbucks has reported a drop in UK sales for the first time in its 16 year history, and revealed it closed 44 branches last year.

Premier sees Q1 drop in sales

Premier Foods, parent company of Hovis bread and Mr Kipling cakes, has reported a 6.2% slump in sales in the first quarter of the year.

ABF revenue down, but Allied Bakeries stays strong

Associated British Foods, the group behind Kingsmill, has announced that group revenue is down 2% to £6.2bn in the 24 weeks to 1 March, due to food commodity deflation.

2 Sisters records pre-tax operating loss

The 2 Sisters Food Group has reported a £13.3m operating loss before taxation for the 52 weeks ended 27 July 2013 – up from a loss of just £1.3m the year before.

Starbucks moves European HQ to London

Global coffee chain Starbucks will move the regional headquarters of its Europe, Middle East and Africa business from Amsterdam to London by the end of 2014.

West Cornwall Pasty Company bought from administration

West Cornwall Pasty Company has been rescued out of administration by a new investment fund, for an undisclosed sum.

Daelmans Group snaps up Fabulous Bakin’ Boys

The Fabulous Bakin’ Boys has been bought by the Dutch bakery business Daelmans Group for an undisclosed sum.

Bakery helps boost food performance at Marks & Spencer

Marks & Spencer said bakery remained a key focus area as it posted news of strong food sales in its fourth-quarter (Q4) trading statement this week.

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