Finance

United Biscuits:
Kellogg company declines comment on £2bn bid
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United Biscuits bid speculation

Kellogg Company has declined to comment on speculation regarding a £2bn bid for United Biscuits (UB).

China’s bakery market on the rise

A new report has predicted the Chinese bakery and cereals market will become the second most valuable market by 2018.

Paul Hollywood and Mary Berry:
GBBO returns tonight at 8pm, BBC 1
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Great British Bake Off returns amid drop in home baking

The Great British Bake Off hits TV screens tonight for a fifth series, but a new report has suggested the number of Brits who are baking at home is falling.

UK bread prices comparatively cheap

A Guardian survey reveals UK bread is the second-cheapest out of seven cities from around the world. 

New Britain Palm Oil reports strong trading, but uncertainty surrounds company future

New Britain Palm Oil (NBPO) has reported strong trading for the first half of 2014, however the company could face a new take over bid, after its biggest shareholder revealed it is disposing of its 48.97% stake in the company.

Healthy biscuit sales rise

Consumers are buying more healthy biscuits and individual slices, amid the media debate on sugar, according to a market report. 

GBBO influences sales of whole cakes

Great British Bake Off influences sales of whole cakes

Rise in home baking thanks to shows like The Great British Bake Off (GBBO) have influenced a 3.1% drop in whole cake sales.

Online confectionery sales soar

Consumers spend more than £100m on online confectionery, according to a report.

Greggs’ healthy sandwich range boosted by good weather

Greggs has seen sales of over £1m a week on its healthier range of sandwiches, helped by good weather, the company claimed.

Greggs interim results:
The baker reports strong trading results
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Greggs sees turnaround for LFLs

High street bakery chain Greggs has reported a 3.2% increase in first-half like-for-like sales (LFLs), an improvement on its half-year 2013 LFL decline.

Greencore reports revenue growth and year expectations

Greencore Group has recorded revenue of £310.5m from its convenience food division, 8.7% higher than the prior year on a reported basis.

Premier Foods profits welcomed, sales decline a worry

Premier Foods’ hike in first-half profits has been welcomed by a leading City analyst.

Premier Foods sales drop amid Mr Kipling relaunch

Premier Foods, which produces Mr Kipling cakes, has seen sales drop 6.1% in the six months to 30 June 2014 as it plans a relaunch of the famous cake brand.

Anglia Maltings acquires Micronized Food Products

Anglia Maltings has acquired food and cereals manufacturer Micronized Food Products (MFP) for an undisclosed sum.

Bakery giant buys Ecuadorean Bread Maker

Worldwide bakery company Grupo Bimbo has acquired Ecuadorian brand Supan.

Carrs optimistic over performance

Carrs Milling Industries is performing in line with expectations, the company said today.

Bettys Tayloes Harrogate
Bettys & Taylors posts 'excellent' figures for the year to October 2013
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Bettys enjoys 12% increase in turnover

Bettys & Taylors, the bakery and café chain based in Harrogate, has revealed turnover rose by 12%, equating to £149.1m in the year ending October 2013.

Kingsmill grows share amid ‘challenging’ trading

Associated British Food (ABF), the parent company of Kingsmill, has achieved market share growth with the bread, as group revenue dropped 2% on last year.

Competition:
Supermarket war keeps prices consistantly low
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Supermarket price war keeps food prices low

Food prices rose by just 0.6% last month - the lowest rise ever according to figures from the British Retail Consortium (BRC).

LFL sales up:
M&S are still on track to open 150 Simply Food stores
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Marks & Spencer food sales continue to grow

Total food sales at Marks & Spencer (M&S) were up 4.2%, and like-for-like sales were up 1.7% in the in the 13 weeks to 28 June.

Callebaut sales increase
Barry Callebaut:
The company have also opened a new factory and academy earlier this month
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Chocolate firm reports strong sales growth

Global chocolate producer Barry Callebaut saw sales increase by 22% to CHF4.3m (£2.8m) in the first nine months of its financial year.

Greggs LFLS up
Growth:
Greggs sees increase in sales
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Greggs LFLS up by 3.2%

Greggs, the BB75 leading bakery retailer, has seen like-for-like sales growth of 3.2% in the first 26 weeks of the year to 28 June.

Grocery market
On the up!
lowest levels of grocery inflation since October 2006
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Grocery sales figures rebound after historic low

Grocery market growth has bounced back to 2.8% in the 12 weeks to 22 June after a historic low of 1.7% last period.

 3.4% rise in the bread market
On the rise:
A 10.9% growth is expected to be made between now and 2018
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Bread market to grow 10.9% despite overall decline

The UK retail market for bread and bakery products grew by 3.4% in 2013 despite continued decline in bread consumption and volume sales.

Premier Foods shares fall on sales warning

Shares in the embattled food group Premier Foods fell by nearly 10% after the company, which produces Mr Kipling cakes, said it had seen falling sales in its so-called ‘Power Brands’.

Second consecutive sales drop for Sainsbury’s

Supermarket giant Sainsbury’s has reported a second consecutive quarter of falling sales.

Associated British Foods buys Dorset Cereals

Allied Bakeries’ parent company Associated British Foods (ABF) is to buy UK premium cereal maker Dorset Cereals in a deal believed to be worth £50m.

Morrisons chairman to step down

The chairman of the under-fire supermarket chain Morrisons has announced he plans to step down.

Tesco sees further drop in sales

Tesco has reported falling sales in the third consecutive quarter as it suffers competition from leading discounters.

Bacheldre Watermill for sale for £1.4m

An award-winning watermill business, which supplies organic and traditional flours and bread mixes, has been placed on the market for £1.4m. 

EAT plans UK expansion

The private equity-backed sandwich chain EAT plans to expand beyond London – after securing a further £40m in funding.

Finsbury adds to sales and commerce roles

Finsbury Food Group has appointed Lawrence Trist and Graeme Clark to new roles in its cake business. 

David Wood expands with Creative purchase

David Wood Baking, the Leeds-based bakery wholesaler, has acquired the ready meals firm Creative Foods.

Ministry of Cake to add second site

Newly independent cake and dessert manufacturer Ministry of Cake plans to add a second UK site and double turnover in the next three to five years.

Greencore disposes of Ministry of Cake

Convenience food producer Greencore has announced the  disposal of its foodservice desserts business Ministry of Cake in its half-year results.

Asda announces major restructure

The supermarket chain Asda announced a massive restructuring yesterday – a move that puts 4,100 jobs into consultation.

Employment hits fastest rate since 2007, claims CIPD

UK employers are hiring staff at the fastest rate since before the financial crash, according to latest reports.

Aldi and Lidl hold strong as competition heats up

Once again, Aldi and Lidl have continued to dominate market share, while market growth hit its lowest level in 11 years.

Sainsbury’s reports boost in profits, as own-brand sales flourish

Sainsbury’s has revealed a 5.3% increase in pre-tax profits to £758m for the year to 15 March.

Pieter Totte, executive chairman of The Real Good Food Company
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Sugar dispute blow for The Real Good Food Company

Bakery ingredients supplier The Real Good Food Company (RFGC) has warned that an ongoing dispute with British Sugar will hurt its underlying profits.

Orchard Valley Foods buys food ingredients firm

Orchard Valley Foods has acquired a rival company in a deal which it said will boost sales to more than £20m a year.

Costa sees LFLs and profit growth

It seems the nation’s thirst for coffee shows no signs of abating - as Costa revealed like-for-like sales (LFLs) growth of 5.7% this morning.

Starbucks reports first sales drop in 16 years

Starbucks has reported a drop in UK sales for the first time in its 16 year history, and revealed it closed 44 branches last year.

Premier sees Q1 drop in sales

Premier Foods, parent company of Hovis bread and Mr Kipling cakes, has reported a 6.2% slump in sales in the first quarter of the year.

ABF revenue down, but Allied Bakeries stays strong

Associated British Foods, the group behind Kingsmill, has announced that group revenue is down 2% to £6.2bn in the 24 weeks to 1 March, due to food commodity deflation.

2 Sisters records pre-tax operating loss

The 2 Sisters Food Group has reported a £13.3m operating loss before taxation for the 52 weeks ended 27 July 2013 – up from a loss of just £1.3m the year before.

Starbucks moves European HQ to London

Global coffee chain Starbucks will move the regional headquarters of its Europe, Middle East and Africa business from Amsterdam to London by the end of 2014.

West Cornwall Pasty Company bought from administration

West Cornwall Pasty Company has been rescued out of administration by a new investment fund, for an undisclosed sum.

Daelmans Group snaps up Fabulous Bakin’ Boys

The Fabulous Bakin’ Boys has been bought by the Dutch bakery business Daelmans Group for an undisclosed sum.

Bakery helps boost food performance at Marks & Spencer

Marks & Spencer said bakery remained a key focus area as it posted news of strong food sales in its fourth-quarter (Q4) trading statement this week.

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