Finance

ABF’s Illovo acquisition confirmed

Kingsmill owner Associated British Foods (ABF) has confirmed that its proposal to move to full ownership of Illovo Sugar will go ahead. 

M&S food ‘outperforms a competitive market’

Profits at Marks & Spencer (M&S) dropped by a fifth, it announced in its full-year results today. But food fared better than its other divisions, despite “difficult trading conditions”.

Costa Coffee starts accepting Android Pay

Costa Coffee has announced it is accepting payment with the Android Pay app at participating stores.

Warburtons most-bought FMCG brand

Bread giant Warburtons has topped a list of the UK’s most-bought fast moving consumer goods (FMCG) brands. There are four bakery brands in the top 10.

Foodservice growth rate to slow by end of year

The UK foodservice market is continuing to grow, according to foodservice consultancy Horizon, although the rate of growth is expected to slow.

SSP reports profit leap

SSP, the travel location foodservice brand operator, has reported a 41.5% surge in underlying profit before tax from £16.4m to £23.2m for the six months to 31 March 2016.

McCormick was a ‘phantom bid’ says Premier

Gavin Darby, chief executive of Premier Foods, has said a firm bid from the American spice firm never happened. 

5 things to learn from Patisserie Holdings

Patisserie Holdings, which owns the high street bakery chain, released its results today. We take a closer look at what they mean for Patisserie Valerie. 

Patisserie Holdings ebitda up 21.3%

Patisserie Holdings, owner of high street bakery Patisserie Valerie, saw ebitda increase 21.3% to £10.6m, and revenue grow 14% to £50m, up from £43.7m in the first half of the last financial year.

Premier Foods reports £86.1m profits

Premier Foods, the manufacturer of Mr Kipling and Cadbury cakes, has reported a 3.5% rise in pre-tax profits to £86.1m for the year to the start of April.

My Account

Most read

Social