Finance

Finsbury boss: ‘Business environment isn’t going to get any easier’

Finsbury Food Group – which last month announced plans to close its Grain D'Or bakery in London – has said its focus on driving efficiency and scale has helped it weather challenging market conditions.

Real Good Food vows to shake up financial reporting

Haydens and Renshaw owner Real Good Food has said it is committed to improving its corporate governance and reporting after failing to fully report details of payments made to directors.

ABF: Ingredients in growth but bread under pressure

Allied Bakeries has been hit by “significant margin decline” as a result of low prices and cost pressure, according to parent company Associated British Foods (ABF).

Orchard Valley Foods and Candeco merge

Orchard Valley Foods has merged with Swedish decorations manufacturer Candeco Confektyr AB.

Pre-pack deal saves Sussex cake firm and 150 jobs

Sussex-based handmade cake business More Foods – which supplies retailers including Waitrose and Budgens – has been rescued in a pre-pack deal.

Premier agrees expanded Cadbury licensing deal with Mondelēz International

Premier Foods has secured an expanded licensing deal with Mondelēz International to produce Cadbury-branded cakes and ambient desserts.

Renshaw owner Real Good Food reduces expected earnings for second time

Haydens and Renshaw owner Real Good Food (RGF) has further reduced its earnings expectations.

Wrights Food Group acquires bread supplier Premier Catering

Wrights Food Group is to acquire Stoke-on-Trent bakery Premier Catering, which has been supplying it with bread for more than 30 years.

Real Good Food agrees £2m overdraft to plug funding gap

Renshaw and Haydens owner Real Good Food has secured a £2m overdraft facility with Lloyds Bank after discovering a shortfall in its finances.

Founder and finance director leave in shake-up at Real Good Food

Real Good Food – which last week saw its shares plunge following a profit warning – has announced the departure of its founder and its finance director.

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