Finance

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.

AAK acquires Belgian CSM rival

AAK has acquired an oils and fats business of CSM that caters for the French, Belgian and Dutch markets for an undisclosed sum.

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.

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