Finance

Real Good Food
Renshaw is performing well
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Real Good Food business outlook breakdown

Real Good Food posted full-year results including an operating loss of £741,000 for the year to 32 March 2015. 

Real Good Food
Real Good Food company has shed Napier Brown
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Sugar hurts Real Good Food profit, but outlook good

The bakery group Real Good Food made an operating loss of £741,000 last year after it was hit hard following a dispute over sugar. 

Wheat cost helps drive food price inflation

Food prices returned to inflation in July for the first time this year driven in part by the rising cost of wheat, according to latest figures released by the British Retail Consortium. 

Ginsters announces new managing director

Ginsters, the Cornish pasty giant, has announced the appointment of a previous Coca-Cola marketing boss as its new managing director.

Allied Bakeries reviews 23 jobs in streamlining operation

A major restructure at Allied Bakeries will see 23 management and admin roles go under review, including its category director position.

Burton’s in the frame to buy Nakd bars

Burton’s Biscuits, owner of Jammy Dodgers and Maryland Cookies, is reportedly in the running to make a £60m bid for the maker of Nakd bars.

Lagkagehuset
Danish bakery Lagkagehuset is set to open in the UK
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Danish bakery business to make UK debut

Lagkagehuset, the Danish bakery chain, is set to launch in the UK amid international expansion plans. 

Kaak Group
The Kaak Group is expanding in the UK
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Kaak establishes one-stop bakeware shop in UK

Bakery equipment manufacturer The Kaak Group has expanded in the UK following the acquisition from Aktrion Foods of its tin cleaning and coating division by Benier UK. 

Tate & Lyle reports steadier trading

Global ingredients and food solutions supplier Tate & Lyle says trading performance for its first quarter has been “in line with expectations”.

Greggs bacon roll
Greggs' breakfast and low-calorie options are a success
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Greggs sales boom with breakfast demand

High street bakery giant Greggs has reported “a strong first half” as consumer demand for its low-calorie and breakfast options grows. 

Supermarkets
British grocery market sees slow growth
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Smaller retailers outperform slower grocery growth

British grocery sales have slowed by 0.8% in the last year, though smaller retailers have enjoyed stronger growth. 

Greencore
Greencore sees good revenue growth
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Convenience sales boost Greencore Q3 revenue

Greencore Group, the convenience foods manufacturer, has seen revenue rise 6.2% in its third quarter following increased convenience sales and strong US growth. 

The doughnut effect: preserves firm benefits from bakery trend

A rise in popularity of filled bakery products such as doughnuts has sparked business growth in a Manchester-based preserves company.

Olive oil
Olive oil prices are still rising
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Olive oil prices jump 10%

Extra virgin olive oil prices are up almost 10%, with little sign of the sourcing situation improving.

Thorntons to exit Stock Exchange

Thorntons has officially requested to be delisted from the London Stock Exchange, in anticipation of its pending takeover by Ferrero International.

Mr Kipling
Mr Kipling owner Premier Foods continues to make gains in cake sector
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Premier Foods claims cake share gains, despite slight sales fall

Mr Kipling owner Premier Foods has reported market share gains in cake and ambient desserts amid a slight decrease in sales in its last quarter. 

Harris + Hoole founders exit the business

The Harris + Hoole (H+H) founding trio are stepping back from the Tesco-backed coffee chain.

Phat Pasty Co sees sales jump 22%

Pasty concept Phat Pasty has seen sales surge thanks in part to a big increase in the number of universities selling its products and using its branded counters and point-of-sale material.

Mike McDonough will leave in August
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Finance director departs Real Good Food

Real Good Food’s (RGF) finance director has left the company following a reshuffle of operations, after it sold Napier Brown Sugar.

SSP enjoys LFL sales increase

Travel food giant SSP Group has seen like-for-like sales up 3.2% thanks to passenger growth in the air sector.

Financial distress worsens for food suppliers

The number of UK food suppliers experiencing significant financial distress has increased by 54% in the past 12 months as the supermarkets slash prices and delay payments, according to business recovery specialist Begbies Traynor.

Tromp predicts bright future as turnover leaps 10%

The Tromp Group has seen a jump in turnover of around 10% in the year since it joined the Markel Food Group in August last year.

ADM cocoa will become part of Cargill
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Europe clears Cargill’s ADM cocoa deal

The European Commission has granted conditional clearance for the $440m (£226.4m) Cargill acquisition of Archer Daniels Midland’s cocoa business in Europe.

Bakkavör sells off pizza firm

Bakkavör Group has completed the sale of its remaining pizza business to Dreamfood.

Competition body highlights ‘misleading’ supermarket pricing tactics

Supermarket pricing has been deemed potentially confusing by the Competition & Markets Authority (CMA) following a formal complaint by consumer rights campaigner Which?.

Finsbury Food Group
Finsbury posts sales jump
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Finsbury reports strong sales growth

Speciality bakery manufacturer Finsbury Food Group is outperforming profit expectations as its total sales revenue grew to £256.2m in the year to 27 June 2015. 

Competition body clears path for Bako merger

The Competition and Markets Authority (CMA) has cleared the anticipated merger of Bako North Western and Bako Scotland.

Tim Davies, chief executive of Carr's
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Carr’s reports positive growth for food division

Carr’s Group has seen volumes in its food division up ahead of last year, despite the “challenging” market.

Square Pie issues ‘Pie Bonds’ on CrowdCube

Retail pie brand Square Pie is crowdfunding investors to grow its business across the UK.

Ferrero-Thorntons bid ‘unconditional’ as decision deadline nears

Ferrero's £112m takeover bid of Thorntons has become ‘wholly unconditional’, subject to the chocolate brand’s acceptance by shareholders.

Waitrose
Waitrose makes sales gains as the sun shines
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Sun helps Waitrose sales soar

Sales at Waitrose leapt 6% to £132.2m in the 22nd week of its current financial year versus the same week in 2014. 

Callebaut’s European sales buck the global chocolate trend

Global chocolatier Barry Callebaut has seen sales volumes rise in Europe - outperforming the declining global chocolate confectionery market.

Kerr Concentrates products can be added to baked goods
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Ingredion extends ‘clean-label’ offering with acquisition

Global ingredient solutions company, Ingredion Incorporated, has announced it will acquire Kerr Concentrates for around $100m (£65m).

Kingsmill
ABF announces Kingsmill is increasing its volumes while the market remains tough
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ABF steps up volumes at Allied Bakeries

Associated British Foods (ABF) has revealed that Kingsmill owner Allied Bakeries is increasing its volumes in its trading statement for the 40 weeks ended 20 June 2015. 

M&S enjoys Q1 food sales increase

Marks & Spencer has seen food sales rise in its first quarter, while it remains on track to open 90 new Simply Food stores this year.

Pinkmans
The bakery will open in Bristol city centre- opened by Steven Whibley (Le Pain Quotidien, GAIL’s Bakery)
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Bristol to see new-concept bakery

An experienced restaurant duo are to open a new-concept bakery in Bristol. 

Coffee
Coffee is still on the rise
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Ireland’s coffee shop market rises 14%

Ireland’s coffee shop market is outperforming the Irish retail sector with sales growth of 14%. 

Hatton baker strengthens hand with Aberdeen acquisition

Murdoch Allan bakers has bought a Scottish bakery firm, as it expands to meet demand.

Irish Pride Taghmon site
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Potential deal for Irish Pride Bakeries on cards

It is rumoured that a rescue-deal for Irish Pride Bakeries is under way, after it went into receivership last month.

Bread prices and discounters impact inflation

Grocery inflation is at -1.7%, reflecting the impact of Aldi and Lidl, as well as deflation in major categories like bread.

Tesco beats expectations as sales decline slows

Outlook for Tesco is looking up as the retailer boasts an improved sales performance in its first quarter trading update.

Patisserie Valerie to open in Debenhams

Growing confectionery chain Patisserie Valerie has signed a deal to open six Debenhams concession shops.

The new-look Chatwins sites aim to look more modern, and now make fresh sandwiches to order
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Chatwins closes Hanley outlets but revamps other stores

Chatwins bakery has shut three shops around Hanley, while it continues to refit and re-brand other more profitable stores.

2 Sisters to invest in biscuits

Food giant 2 Sisters Food Group is investing in biscuit and pizza categories, it has revealed in its Q3 results.

Ferrero makes £112m play for Thorntons

Ferrero International, the maker of Ferrero Rocher chocolates and Nutella, has offered to buy Thorntons for around £112m.

Starbucks shuts La Boulange bakeries

Starbucks is to close its La Boulange bakery outlets, however will continue to serve the brand in US stores.

Patisserie Holdings sell shares

Patisserie Holdings, owner of Patisserie Valerie, has raised a combined total of £15m after the directors sold 4.8 million shares.

Cake sales boost Premier, says analysts

Analysts have praised a ‘good uplift’ in the cake category at Premier Foods, while warning of potential delistings depending on actions of Tesco.

Irish ingredients firm celebrates 70 years with £750k spend

Andrew Ingredients has invested £750k in new facilities, which it will open in line with its 70 years of business celebrations.

CMA investigates Bako merger

The anticipated acquisition by Bako North Western of Bako Northern & Scotland is under investigation by the Competition and Markets Authority (CMA).

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