Finance

Hovis disposes of three mills to focus on baking

Hovis is selling two of its flour mills to Whitworth Bros and closing a third as it looks to focus on its core baking business.

Aryzta underlying profit crashes more than 70%

Aryzta has reported steep declines in profit and earnings – but insists the business is well placed for future growth.

Real Good Food suffers £23m operating loss

Real Good Food chief executive Hugh Cawley has said the business will look back on the last financial year with “little pride or satisfaction”.

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British Baker is currently running a series of features dedicated to exploring ways to start or expand a bakery business, giving readers the chance to learn from those who have already done it.

Jacksons’ £40m sandwich bread factory opens

Jacksons has opened a new £40m bakery that can produce 10,000 loaves of sandwich bread an hour.

Pictured (l to r): Pardip Dass, CFO; Sukh Chamdal, CEO; and Dr Jaswir Singh, COO
  (Photo: Cake Box )

Cake Box opens 100th store and announces NPD

Egg-free cake specialist Cake Box has opened its 100th store as it continues its rapid roll-out.

Steve Dawson joins RGF as non-exec director

Renshaw owner Real Good Food (RGF) has appointed Steve Dawson – who helped to turn around the Bahlsen US business – as an independent non-executive director.

Real Good Food supports Brighter Foods investment

Real Good Food Group, which this month sold Haydens Bakery, says rationalisation and new funding are enabling it to support investment in other parts of its business, such as Brighter Foods.

Finsbury to invest to meet demand for ‘artisan’ bread

Finsbury Food Group is to invest further to meet demand for artisan-style bread – and said it was committed to growing its business through further acquisitions.

Former McDonald’s US chief joins Aryzta board

Aryzta has made new independent board appointments to help turn the business around, and announced that banks have agreed to underwrite plans to raise €800m (£715m) through a new share offer.

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