Finance

Marks & Spencer
Marks & Spencer beats the curve on food sales
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M&S food enjoys ‘excellent’ Q4 sales

Marks & Spencer (M&S) delivered an “excellent” performance on food in its fourth quarter as food sales were up 3.7%. 

Tate & Lyle
Tate & Lyle anticipates "modestly" poorer results
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Tate & Lyle investment results in higher net debt

Ingredients manufacturer Tate & Lyle reported net debt to be around £34m higher than expected, as group profit sank “modestly” in its year to 31 March. 

Barry Callebaut
Barry Callabaut posts good results
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Barry Callebaut outpaces chocolate market in latest results

Chocolate giant Barry Callebaut Group has outperformed the chocolate market in its half-year results. 

Napier Brown
Napier Brown suffering in difficult tradiing
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Real Good Food in talks over sugar division

Real Good Food, owner of UK sugar distributor Napier Brown, is “in discussions regarding a transaction” regarding its sugar arm that would “strengthen its balance sheet”. 

Bakkavor
Bakkavor extends banking facilities
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Bakkavör uses banking facility for early repayment of bond debt

Food manufacturer Bakkavör has agreed an extension and increase to its existing banking facilities, as well as a material reduction in the interest rate margin. 

Aryzta
Aryzta buys 49% stake in Picard
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Aryzta to take stake in French food retailer

Swiss bakery group Aryzta has entered into negotiations to acquire a 49% stake in Picard - a speciality French food retailer, owned by private equity group Lion Capital. 

Crepeaffair
Crepeaffair eyes more sites
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Crepe firm reveals plans for new outlets

London-based Crepeaffair has just opened its 12th UK outlet as it strives for 15 in total by mid-summer as well as adding international sites and launching a ‘grab and go’ range. 

Kraft and Heinz merge to create food giant

Kraft Foods, parent company of Mondelez, has merged with H J Heinz, resulting in what has been called the fifth-largest food and drink company in the world.

Finsbury’s share price hits highest level in a year

Finsbury Food Group’s share price closed yesterday (23 March) almost 6% higher than on opening that day at 73.6p, up 5.9%.

Finsbury
Finsbury Food Group's Frozen cake has enjoyed popularity
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Finsbury turns in positive revenue performance

UK bakery manufacturer Finsbury Food Group has posted group revenue up 24.1% to £107.6m following it's acquisition of Fletchers Group last year. 

FDF
FDF: revealed figures on food and drink growth
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UK food and drink enjoy global demand

UK food and non-alcoholic drink exports have almost doubled in value over the past 10 years, growing 2.6% in 2014 to £12.8bn. 

Starbucks
Starbucks has seven-point plan for five years
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Starbucks reveals five-year growth strategy

Coffee giant Starbucks yesterday outlined a major seven-stage plan for the brand, including growing the number of stores from 22,000 to 30,000 worldwide, with a particular focus on China and on tea. 

BB's Coffee & Muffins
BB's Coffee & Muffins eyes expansion
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BB’s Coffee & Muffins chain sold

The BB’s Coffee & Muffins chain has been bought by private equity company Brentwood Investments for a sum rumoured to be around €10m (£7.1m). 

Aryzta
Aryzta posts financial results for the half-year to 31 January
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Aryzta sees demand for bakery in half-year results

Swiss bakery specialist Aryzta has announced a revenue increase of 17.2% to €1.86bn (£1.33bn) in its food group for the six months to 31 January 2015. 

‘Radical’ review of business rates launched

The UK Treasury has launched its largest review of business rates in the UK in ‘a generation’, a move that will affect 1.8m properties in England which currently pay the tax. 

Wafflemeister
Wafflemeister has 11 sites worldwide
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Waffle retailer reveals plans for expansion

Belgian waffle specialist Wafflemeister plans to double its UK sites in 2015 and reach £5m in revenue by year-end. 

Waitrose
Waitrose market share is up
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Investment curbs Waitrose profits, despite sales rise

Waitrose has posted an increase in gross sales of 6.5% to £6.51bn in its unaudited results for the 53 weeks ending 31 January 2015. 

Adelie Foods is behind the popular sandwich brand, URBAN eat
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Private equity firm snaps up Adelie Foods

Food-to-go giant Adelie Foods has been acquired by the European arm of global private equity firm, H.I.G Capital.

Dunkin Donuts
Dunkin' Donuts set for UK growth, according to Horizons
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Foodservice forecast to grow by £10bn in next four years

The UK foodservice sector is set for value growth of £10bn giving it a worth of £56.3bn by 2019, according to consultancy Horizons. 

Ocado has seen sales up nearly 20%
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Ocado sees sales up while average order value declines

Online retail giant Ocado has seen sales for the group rise by 19.2% to £271.1m, despite a decline in average order value.

Greggs
Greggs posts strong 2014 performance
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Greggs' results by numbers

High street bakery chain Greggs has posted its 2014 preliminary results including its best own-shop like-for like sales since 2007. 

Greggs
Greggs posts strong 2014 trading performance
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Greggs posts strong 2014 performance

The chief executive of high street bakery giant Greggs has praised “an exceptional step-up in performance” for the brand in 2014 as it revealed total sales were up 5.5% to £804m and own-shop like-for-like sales had risen 4.5%. 

Exclusive: Allied Bakeries’ chief executive to leave

The chief executive of Allied Bakeries is to leave the business – just weeks after parent company Associated British Foods (ABF) declared the UK bakery market “intensely competitive”.

David Potts: the new chief executive of Morrisons
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Morrisons appoints new chief executive

David Potts, the former boss of Tesco in Ireland and Asia, has been appointed as the new chief executive of Morrisons.

Kingsmill
ABF: competitive bakery market
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ABF warns of lower profit for Kingsmill, amid competitive market

Associated British Foods (ABF) has said the UK bakery market “remains intensely competitive” and expects Kingsmill owner Allied Bakeries’ profit to be lower than last year as a result. 

Brighton bakery opens sites and expands wholesale

The Flour Pot Bakery in Brighton is to open two more sites, as it also secures its first London customers for wholesale.

Tesco chairman
Tesco appoints John Allan as chairman
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Tesco names new chairman

Tesco has appointed John Allan as chairman following Robert Broadbent’s decision to step down in October last year. 

Bakkavör reports 4% growth in LFL revenues

Bakkavör, a leading fresh food, pizzas and desserts producer, has seen full-year like-for-like revenues up 4% to £1.72bn for 2014.

PM makes pledge on business loans

Prime Minister David Cameron has pledged to guarantee business loans by private lenders, if he wins the general election in May.

Supermarkets
Grocery market picks up
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Grocery market picks up pace

The grocery market is growing at its fastest rate since June last year at 1.1%. 

Cooplands’ shop closures revealed

Details of the closing Cooplands of Doncaster shops have been released, after the bakery went into pre-pack administration last week.

Tate & Lyle issues new profit warning

Tate & Lyle, the international food ingredients, supplier has issued its third profit warning in a year.

Cooplands of Doncaster head office
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Cooplands undergoes pre-pack administration

Cooplands of Doncaster has undergone a pre-pack administration with the loss of 300 jobs.

Tesco back in eye of storm as GCA investigates

Tesco faces more scrutiny as an investigation is initiated into its relations with suppliers.

Food deflation hits new high

Food prices slumped by 0.5% in January - the steepest decline since records began in December 2006.

Cameron halts pasty eating habits
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PM’s diet sees pasties ditched alongside bread

The Prime Minister David Cameron has given up the Cornish Pasty, just weeks after he announced his decision to stop eating bread.

Cooplands of Doncaster head office
  (Photo: Picture: Andrew Roe )

Jobs at risk at Cooplands

Cooplands of Doncaster has warned staff that jobs are now at risk, as it enters a consultation period with a restructuring company. 

Greencore sees Q1 LFL sales boost

Greencore group, one of the UK’s biggest sandwich producers, has delivered a 4.4% total like-for-like (LFL) sales bump in its first quarter.

Pasty firm to revamp retail chain

Cornish pasty maker Warrens Bakery is to rebrand and expand retail shops, after receiving £1.6m in funding.

Mr Kipling
Mr Kipling second half 2014 relaunch credited with strong results
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Premier Foods praises Mr Kipling performance in final quarter

Premier Foods has highlighted power brand Mr Kipling as its ‘stand-out performer’ in its latest trading results for the quarter to 31 December 2014. 

Vandemoortele buys Italian bakery products firm

European frozen bakery producer Vandemoortele has acquired Lanterna-Agritech (LAG), a producer of frozen focaccia and bread in Italy.

Rainbow Dust employs 28 people and operates out of a manufacturing site near Preston in Lancashire.
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Real Good Food buys up cake decoration firm

Real Good Food (RGF) has acquired a specialist supplier of cake decorating products for £4m.

Thorntons stays upbeat despite fall in sales

Thorntons has seen total sales plummet 10.3% in its commercial division to £41.9m.

Finsbury Food Group
Finsbury Food Group posts positive sales figures for 2014
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Finsbury’s sales boosted by Fletchers buy

Bakery manufacturer Finsbury Food Group has reported that total sales revenue grew to £107.6m in 2014. 

December footfall down on 2013

Average footfall in the UK for December fell by 0.7% compared to last year’s festive season.

Sugar
ABF posts revenue up in latest quarter
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ABF sees revenue rise 3% in latest quarter

Associated British Foods (ABF), the parent company of Kingsmill, has ended the 16 weeks to 3 January 2015 with revenue 3% ahead of the same period last year. 

Biscuit firm strikes $90m Bahrain deal

Mondelez International, owner of Cadbury, has signed a deal to set up a new $90m (£59.15m) biscuit factory in Bahrain.

Ocado sees Christmas sales soar
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Successful Christmas for Ocado

Ocado has seen a bumper Christmas, processing nearly 40% more items for Ocado.com and Morrisons.com than over the same period last year.

Sainbury’s tops table in tight big-four race

Christmas sales have closed the gap between the big four retailers, with a difference in sales growth of just 0.9% between them all.

Carr’s reports growth in flour, but lower revenue

Carr’s Milling Industries has outperformed its previous performance in food, with flour volumes up on last year.

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