Finance

Price of supermarket loaf up 8.5% in past two years

The average price of a large loaf of wrapped bread in Britain’s supermarkets has risen from 94p in 2016 to £1.02 today.

Cakes exports decline in first quarter of 2018

Cake exports have fallen more than 6% year on year, in contrast to a 5.5% increase in total sales of UK food and drink overseas.

Suppliers target south-east Asia export opportunities

Ten food and drink manufacturers including crackers and biscuits supplier Rakusen’s have taken part in a trade mission to Singapore.

Food industry unveils manifesto for Brexit success

The Federation of Bakers (FOB) and National Association of British and Irish Flour Millers are among more than 100 food industry organisations that have united to present key Brexit objectives for government.

Krispy Kreme owner JAB to acquire Pret A Manger

Pret A Manger is to be bought by JAB, two years after the investment firm acquired doughnut business Krispy Kreme.

Aryzta announces profit warning and £175m cuts

Bakery business Aryzta has cuts its forecast earnings and announced plans to slash costs by £175m over the next three years.

M&S to axe 100 stores and slow food expansion

Marks & Spencer (M&S) is to close more than 100 stores by 2022 and has scaled back its Simply Food openings.

US woes take toll on profit growth at Greencore

Greencore profit growth has been dented in a “challenging” half year by problems in the firm’s US operation.

SSP Group profits up by almost a third year on year

New contracts and operational improvements have driven a 32.6% increase in underlying operating profit at travel site operator SSP Group.

Northumbrian Fine Foods acquired by European firm

Gluten-free biscuit manufacturer Northumbrian Fine Foods has been acquired by European own-label firm Biscuit International from CriSeren Foods.

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