Finance

Air sector drives growth in SSP UK sales

SSP, which operates UK travel sites for brands including Starbucks and Upper Crust, has reported a 2.7% increase in like-for-like sales in its third quarter.

Finsbury Food Group fights 'unprecedented' cost hikes

Finsbury Food Group says it will deliver profits in line with expectations despite “unprecedented commodity and labour inflation”.

Prescot bakery in £30,000 crowdfunding push

An independent bakery in Prescot has raised almost £10,000 in 13 days as part of a £30,000 crowdfunding push to help expand its business.

AB Mauri completes Holgran / Fleming Howden acquisition deal

AB Mauri has acquired ingredients suppliers Holgran and Fleming Howden from Rank Hovis Milling.

Margins threatened by rise in wheat and butter costs

Bakers are facing continued increases in wheat prices as a result of the dry weather – as butter once again heads towards record highs.

Tesco and Carrefour to agree joint purchasing deal

Tesco and global retail giant Carrefour are set to enter a long-term strategic alliance designed to help the businesses lower prices.

Warburtons: non-bread drives sales as profits fall

Warburtons’ operating profit fell by more than a third last year as the business was hit by rising costs and a decline in the bread market.

Low shopper footfall hits Costa like-for-like sales

Costa like-for-like sales have fallen in the last three months – although overall sales rose thanks to new store openings and Express machine roll-outs.

Former Hovis bakery site in Wigan sold for housing

The site of a former Hovis crumpet and bread bakery has been sold to house-builder Taylor Wimpey.

Shareholder reveals why it wants Premier Foods boss out

Oasis Management Company – the largest independent investor in Mr Kipling owner Premier Foods – has accused CEO Gavin Darby of driving the business into “its current zombie-like state”.

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