Finance

Renshaw targets amateur bakers as growth market

Real Good Food is to ramp up activity targeting amateur bakers after identifying them as a growth market.

Ferrero confirms Delacre purchase from UB

Belgium-based Delacre said Ferrero had completed the acquisition of the Delacre and Delichoc biscuit brands from United Biscuits. 

Patisserie Holdings eyes Maison Blanc purchase

Patisserie Holdings-owned Patisserie Valerie is rumoured to be in talks to buy the Maison Blanc chain.

Worshipful Company of Bakers appoints new Master

The Worshipful Company of Bakers has elected Patrick Wilkins as its new Master.

Upper Crust operator SSP to launch Paul Hollywood bakery concept

Starbucks and Upper Crust operator SSP has secured an agreement with Paul Hollywood to open a new bakery concept called Knead.

Patisserie Holdings sales break £100m barrier as store openings continue

Sales at Patisserie Valerie owner Patisserie Holdings have topped £100m for the first time as the business continues to grow its chain of bakery stores and cafés.

Autumn Statement: FDF boss Ian Wright responds

FDF director general Ian Wright has said an effective partnership between the industry and government has “never been more important”.

FDF seminar for SMEs announced

Small and medium-sized food and drink producers (SMEs) can receive guidance on sugar reduction, labelling and claims at an upcoming seminar run by the Food and Drink Federation (FDF) and Leatherhead Food Research (LFR).

Amaze Bites were described as the standout performer
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Premier to launch Cadbury Choc Tarts following 4.1% cake sales hike in H1

Premier Foods is to extend its Cadbury range with Cadbury Choc Tarts following another strong performance from its cakes division.

Greencore to acquire US firm Peacock Foods in £600m deal

Convenience food business Greencore – which describes itself as the largest sandwich manufacturer in the world – is set to ramp up its US profile with the acquisition of Peacock Foods.

Ashers may not be able to appeal to the Supreme Court
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‘Gay cake’ row bakery Ashers considers further legal options

Belfast-based Ashers Baking Company is exploring further legal options after a judge last month ruled against the business over its refusal to make a cake supporting gay marriage.

Innovation boosts Bakkavor results

A focus on innovation has helped fresh prepared foods manufacturer Bakkavor grow revenue across the group in its third-quarter results.

Cooplands of Doncaster sold in pre-pack administration deal

Doncaster-based craft bakery business Cooplands has been saved in a pre-pack administration deal.

Courier company says Trump’s victory could be good for UK businesses

ParcelHero, an international courier specialising in UK-US deliveries, says Donald Trump’s presidential victory could be good news for UK businesses that trade regularly with the US.

October brought highest growth in consumer spending since 2011, says Barclaycard

Consumer spending rose 5.5% year-on-year in October, the highest growth since Barclaycard began publishing data on consumer finances in 2011.

Walkers products set to rise by 5p following weakening of the pound

Britain's biggest crisp brand Walkers is set to increase prices of its products by 5p as a result of the pound weakening.

Boparan records encouraging Q4 performance for branded divisions

Fox’s Biscuits and Goodfellas pizza owner Boparan Holdings has reported a positive branded divisional performance with Q4 like-for-like sales up 3.2% to £91.1m.

Fourth consecutive quarter of LFL growth at Morrisons

Morrisons – which was crowned In-store Bakery Retailer of the Year at the Baking Industry Awards in September – has reported its fourth consecutive increase in like-for-like sales.

The Cheese Truck smashes £100k crowdfunding goal

Grilled cheese street food operator The Cheese Truck has smashed its crowdfunding target of £100k after an investment of more than £50k in less than 24 hours.

Buoyant first half for Tate & Lyle

Global ingredients supplier Tate & Lyle has seen a strong first half, boosting its expectations for its full-year results.

FDF holds Exiting the EU event

The Food and Drink Federation (FDF) has held a landmark Exiting the EU event with former deputy prime minister Nick Clegg among a number of key speakers.

Barry Callebaut stays bullish amid ‘difficult’ European market

Chocolate giant Barry Callebaut Group said it bucked a difficult trading in Europe to grow sales of its products to food manufacturers.

GALLERY: Is your bakery making the most of market trends?

Matthew Verity, business unit director, chilled and bakery at Kantar Worldpanel UK, addressed the recent British Society of Baking (BSB) Autumn Conference.

Mondelēz brands boost organic sales in third quarter

Mondelēz brands Oreo, Ritz and Cadbury Dairy Milk have contributed to the multinational's organic sales increase of 1.1% in the third quarter.

High street store decline continues to accelerate

High street stores have taken a major hit, with PwC research produced by the Local Data Company finding that 15 stores closed every day in the first six months of this year.

New York Bakery Co scales back pre-tax losses

The New York Bakery Co has steadied its sales and has cut its losses during a strong year.

NFU specialist reminds manufacturers over product recall issues

Paul Shattock, food and drink sector specialist at commercial insurer the National Farmers Union - trading as NFU Mutual - has reminded manufacturers of the importance of risk management to avoid product recall issues on a global scale.

Grocery searches soar across mobile devices

Shoppers searched for groceries on their smartphones 11% more in Q3 2016 compared to the previous quarter, according to Google and the British Retail Consortium (BRC).

Artisan food sales benefit smaller manufacturers

Sales of artisan food have helped smaller and medium-sized manufacturers to grow profit margins to 6.8% of turnover over the past year, according to research by law firm EMW.

Costa continues multiple channel strategy as sales rise

Costa’s total UK retail sales rose 10.1% in the first half of 2016/17 amid total revenue growth for Whitbread of 8.1% to £1.6bn in the six months to 1 September 2016.

Food and Drink International Action Plan: Andrea Leadsom encourages export growth

Secretary of State for Environment, Food and Rural affairs Andrea Leadsom has published the UK Food and Drink: International Action Plan from 2016 to 2020 – outlining the encouragement for export growth in the baking industry.

Hotel Chocolat profits up 90%

Luxury chocolatier and retailer Hotel Chocolat has recorded a massive increase in profits for the year to 26 June 2016, thanks to a focus on the dark side.

Peyton and Byrne goes into administration

Bakery and catering company Peyton and Byrne has gone into administration following the loss of contracts at London’s Kew Gardens and the British Library.

Nick Clegg: ‘Food prices face cliff edge if UK leaves Single Market’

Liberal Democrat politician Nick Clegg has warned that UK food prices will see a steep hike if the government opts for a hard Brexit and leaves the Single Market.

Samworth investment pays off

Leicestershire-based Samworth Brothers, maker of Ginsters pasties and Soreen malt loaf, said in a trading statement its investment in staff and facilities had paid off, with revenues topping £900m.

Burton’s loses sales and market share as it shuns deep discounts

Burton’s Foods - producer of brands including Maryland and Jammie Dodgers - has said it lost share in the sweet biscuits market in 2015 after refusing to participate in aggressive category price cuts.

What could Brexit mean for the UK wheat industry?

Increasing productivity and profitability across the agricultural supply chain will be essential following Brexit, the Agriculture and Horticulture Development Board (AHDB) has warned.

Budgens in Broadstairs
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Him! reveals continuing rise for food-to-go

The total food-to-go market is set to rise by an average rate of 4.4% over the next three years, according to MCA.

Consumer confidence at record high, says Barclaycard

Consumer confidence levels have reached a record high, according to Barclaycard, which revealed that UK consumer spending rose 3.6% in Q3.

FDF survey reveals concerns within the food and drink sector

Members of the Food and Drink Federation (FDF) have revealed in a survey that concerns are mounting within the food and drink sector and confidence is becoming more fragile.

Sweet Treats buck overall trend at Premier Foods

A sixth consecutive quarter of growth in its Sweet Treats division, at 6.4%, bucked the overall sales trend at Premier Foods, which reported a 5.4% fall in total group sales in its second quarter.

Hovis set to collaborate with new DreamWorks movie

UK baking giant Hovis is set to team up with DreamWorks Animation’s latest film Trolls to give one shopper the chance to win a family holiday to visit the studio in Los Angeles.

Signature Flatbreads to use weak pound to drive European sales

Bedfordshire-based wraps and naans manufacturer Signature Flatbreads is aiming to expand its exports business in Europe.

Brexit set to cost 1,500 Scotland food jobs

The impact of Brexit is set to cost Scotland’s food and drink sector around £150m, which could result in around 1,500 jobs losses in the Highlands, according to researchers.

Krispy Kreme abandons £200m London flotation

Doughnut retailer Krispy Kreme has chosen to withdraw its planned £200m London flotation after announcing the 100% sale of its shares to US parent brand owner Krispy Kreme Group.

Menu development helps boost Greggs’ sales

High street bakery retailer Greggs has said its Balanced Choice and breakfast products have been popular over the summer months, as it released its third-quarter trading statement to 1 October.

Biscuiteers aims for growth via crowdfunding

Handmade biscuits company Biscuiteers is launching a crowdfunding campaign with Crowdcube in a bid to achieve accelerated growth.

Hovis records £19m loss in second year of trading

UK baking giant Hovis has recorded a £19m loss in its second year of trading since Premier Foods wrote off part if its investment into the company.

Premier chairman steps down

Premier Foods has announced that David Beever will step down as chairman of the company in 2017.

Délifrance partners Michelin Guide launch

The 2017 Michelin Guide for Great Britain & Ireland launches today in London, partnered by bakery Délifrance.

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