Finance

Hill Biscuits in management buyout

Private equity investor LDC has backed a management buyout of Manchester-based Hill Biscuits.

Tesco sales driven by strong food growth

Tesco has announced sales growth and profit recovery in its preliminary results for 2016/17, its first UK like-for-like sales rise since 2009/2010.

Fewer deals but brands not budging on price, says IRI

The IRI’s new Big Question report on the grocery price war revealed it has saved UK shoppers £9.3bn over three years.

Rivington Biscuits for sale

The assets of the Wigan-based manufacturer Rivington Biscuits are now for sale, after the company went into administration in December.

EXCLUSIVE: Reynards enters administration – and is resurrected by Intelipac

Bakery packaging specialist Reynards, which entered administration last month, has been resurrected by Intelipac, a supplier of products including bakery and deli bags, carrier bags and corrugated cardboard boxes to retailers in the UK and Australia.

Tesco to pay £129m fine for false accounting scandal

Tesco has agreed to pay a £129m fine for false accounting, rather than face prosecution.

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.

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