Finance

Sterling boosts ABF but outlook mixed

Kingsmill-owner Associated British Foods (ABF) expects its bottom line to be boosted by a Brexit-weakened pound in the final quarter, it said in its trading update today. 

Barry Callebaut grows revenue despite ‘sluggish’ market

Chocolate and cocoa manufacturer Barry Callebaut says it has grown revenues and sales volumes despite declines in the overall global chocolate confectionery market.

M&S food sales down 0.9%

M&S’s food division has recorded a 0.9% fall in like-for-like (LFL) sales for the 13 weeks to 2 July. 

Bakkavör sells Vaco

Fresh prepared foods manufacturer the Bakkavör group has agreed the sale of Belgian fresh prepared food business, Vaco, to Culinor Food Group.

Warburtons profits hit by supermarket price war

Continued pressure on the UK grocery market has hit profits at bread giant Warburtons. 

Barclaycard launches mentoring programme

Barclaycard and The Guardian Small Business Network have teamed up with leading entrepreneurs to champion UK small businesses

Brexit chaos? ‘Storm in a teacup,’ says David Smart

David Smart, director at Greenhalgh’s Craft Bakery, appeared on BBC Breakfast this morning to talk about the impact of Brexit on small businesses.

Change to board at Greggs

High street bakery chain Greggs has announced that Raymond Reynolds, currently retail director, will become property and business development director.

Six new sites planned for Wafflemeister

Wafflemeister, the Belgian waffle specialist, has six new multi-site franchisees and has another six in the pipeline. 

Grocery in decline but discounters take record share

Discount retailers have hit record market share while consumers await the possible impact of Brexit on grocery prices, according to Kantar Worldpanel.

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