Finance

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.

UK e-commerce grocery market grows by 6.9%

According a report published by Kantar Worldpanel, sales of groceries in the UK through e-commerce platforms has increased by 6.9% in the 12 months to June 2016.

Sainsbury’s sees slight second-quarter drop

Sainsbury’s has seen total retail sales (excluding fuel) fall 0.4% in its second quarter results to 24 September 2016.

Co-op profits down by over 50%

Profits at the Co-op Group more than halved to £17m in the first six months of the year, hit by the group's three-year plan to rebuild the business.

Aldi reports record sales but profits hit by price war

Discount supermarket Aldi has reported record sales in the UK and Ireland for 2015 and said it will invest £300m in revamping its stores, but profits have been hit by the supermarket price war.

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