Finance

Rowe’s Cornish Bakers acquired by investment firm

Cornish craft bakery WC Rowe has been acquired by investment firm Iberia Industry Capital (IIC).

Park Cakes in management buy-out

Own-label cake and dessert supplier Park Cakes has been acquired in a management buy-out from private-equity firm Vision Capital.

Finsbury Food Group to launch Mary Berry cakes

Finsbury Food Group has secured the licence to produce a range of Mary Berry cakes.

Panini’s launches gluten-free range following £200k bakery investment

Swansea-based independent bakers Panini’s has launched a range of gluten-free products following a £200,000 investment from Lloyds Bank that enabled the business to redevelop part of its bakery.

Aryzta reports 2.8% revenue decline in half-year results

Aryzta has announced that its revenue has fallen by 2.8% to €1.9bn (£1.6bn) for the six-month period ended 31 January 2017.

£3m expansion plans for Pecan Deluxe Candy

North Yorkshire ingredients manufacturer Pecan Deluxe Candy is to spend £3m on an ambitious European expansion programme.

Consumer spending confidence ‘at highest level on record’

British consumer spending confidence is at its highest recorded level, according to analysts Nielsen.

CBA takes action in face of business rates furore

Trade body the Craft Bakers’ Association (CBA) has raised concerns about the impact of business rates hikes with Chancellor Philip Hammond.

A sausage roll from Two Magpies Bakery
  (Photo:  )

Baker puts £8.17 price tag on sausage rolls to highlight business rates threat

Two Magpies Bakery in Southwold has hit the national press after advertising sausage rolls for £8.17 – a 177% mark-up on the usual £2.95 price tag.

UK food and drink exports exceeds £20bn

Exports of baked goods including bread rose 11.3% year on year to £117.6m in 2016, according to new figures from the Food & Drink Federation (FDF).

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