Finance

Allied Bakeries ups prices to reduce operating loss

Allied Bakeries is continuing to reduce its losses – and will be looking to mitigate the impact of rising wheat prices.

Eight Aulds shops remain following further closures

Eighteen Aulds shops have closed in the past month after the family-owned Scottish business placed its retail business into liquidation.

Coca-Cola set to buy Costa in £3.9bn deal

Whitbread is planning to sell its Costa Coffee business to The Coca-Cola Company in a deal worth £3.9bn.

Lancaster wholesale bakery secures £250,000 funding

A new wholesale bakery business has launched in Lancaster and has its sights set on a £1m turnover target.

Genesis Crafty is sold in pre-pack deal to Tayto boss

Northern Irish firm McErlain’s Bakery – producer of the Genesis Crafty range and own-label cakes and breads – has been sold as a private investment to the boss of snacks supplier Tayto Group.

Aryzta announces plans to raise £715m in capital

Aryzta is aiming to raise around £715m as part of plans to strengthen its presence in the frozen bakery market.

Real Good Food raises £1m with open share offer

Real Good Food has raised £1m with an open share offer that it says had been heavily oversubscribed.

Aulds closes four more stores in retail liquidation

Scottish family bakery Aulds has closed a further four stores after making the decision to liquidate its retail arm to focus on the wholesale and production operation.

Cake Brands invests £100k in frozen dessert facility

West Sussex-based Cake Brands has expanded its frozen desserts capacity at its premises in Chichester.

Tesco and Carrefour deal to begin in October

A strategic alliance between Tesco and global retail giant Carrefour is expected to become operational in October 2018.

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