Finance

Greencore selling US arm to focus on UK market

Greencore Group is to sell its entire US business to an affiliate of Hearthside Food Solutions in a $1bn (£817m) deal.

Patisserie Holdings share offer raises £15.7m for crisis-hit business

A share offer has raised £15.7m to help Patisserie Holdings continue trading in the face of a crisis sparked by serious financial irregularities.

Patisserie Holdings reveals £25m plan to save business

Patisserie Holdings is launching a share offer and has admitted it needs a £20m capital injection to avoid calling in administrators.

Patisserie Holdings finance chief arrested and bailed

Patisserie Holdings finance director Chris Marsh has been arrested, according to the crisis-hit business.

Patisserie Holdings needs cash injection to continue trading in current form

Patisserie Valerie owner Patisserie Holdings has said it cannot continue to trade in its current form unless it gets an immediate cash injection.

Patisserie Holdings shares suspended amid fraud fears

Patisserie Valerie owner Patisserie Holdings has launched an investigation into what it has described as serious – and potentially fraudulent – accounting irregularities.

Focaccia-style pizzas help drive 7.3% Greggs growth

A strong summer performance in the breakfast market and from new products including focaccia-style pizzas have contributed to sales growth at Greggs.

L-r: TPBI CFO Kamol Borrisuttanakul, CEO Somsak Borrisuttanakul, Intelipac's John Wilkinson and Duncan Edwards
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Thai firm snaps up UK’s Intelipac

Thai packaging company TPBI is to enter the paper packaging market for the first time after inking a deal to acquire stakes in UK firm Intelipac – the business that resurrected bakery packaging supplier Reynards last year.

Hovis disposes of three mills to focus on baking

Hovis is selling two of its flour mills to Whitworth Bros and closing a third as it looks to focus on its core baking business.

Aryzta underlying profit crashes more than 70%

Aryzta has reported steep declines in profit and earnings – but insists the business is well placed for future growth.

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