Finance

Employment hits fastest rate since 2007, claims CIPD

UK employers are hiring staff at the fastest rate since before the financial crash, according to latest reports.

Aldi and Lidl hold strong as competition heats up

Once again, Aldi and Lidl have continued to dominate market share, while market growth hit its lowest level in 11 years.

Sainsbury’s reports boost in profits, as own-brand sales flourish

Sainsbury’s has revealed a 5.3% increase in pre-tax profits to £758m for the year to 15 March.

Pieter Totte, executive chairman of The Real Good Food Company
  (Photo:  )

Sugar dispute blow for The Real Good Food Company

Bakery ingredients supplier The Real Good Food Company (RFGC) has warned that an ongoing dispute with British Sugar will hurt its underlying profits.

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.

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