Finance

Taura celebrates 20th anniversary with on-track sales targets

Global ingredients company, Taura Natural Ingredients will celebrate its 20th anniversary with the news that its European sales are on target to increase by 20% this year.

Bakery creates the world’s most expensive cronut

London-based artisan bakery Dum Dum Donutterie has produced the world’s most expensive ‘cronut’ – costing £1,500.

Grocery trade escapes immediate Brexit fallout

Brexit has had little impact on grocery share figures, according to the latest data from research firm Kantar Worldpanel.

Greencore reaps benefits of food to go

Food to go has continued to drive sales for manufacturer Greencore Group’s convenience division.

Tunnock’s plans multi-million pound extension

Biscuit company Tunnock’s has submitted plans for a multi-million-pound extension to its Lanarkshire factory in Uddingston.

Greencore lays out £15m on food-to-go specialist

Greencore Group has acquired Warwickshire-based The Sandwich Factory Holdings Limited (The Sandwich Factory) from sausage-maker Cranswick.

Thoughtful Bread crowdfunds for expansion

Bath-based bakery Thoughtful Bread has asked the local business community to help it expand.

Mondelēz in discussions to purchase Cadbury licence

The maker of Oreos, Mondelēz is in discussions to buy the licence to make Cadbury biscuits from UK-based biscuit maker Burton’s Biscuit Company, Sky News has been told.

Tate & Lyle profits from weak sterling

Bulk ingredients supplier Tate & Lyle PLC said its Q1 profits from 1 April 2016 to 30 June 2016 were up on the same period last year.

Cadbury cake drives Premier’s sweet treats

Premier Foods, the manufacturer of Mr Kipling and Cadbury cakes, has delivered sales growth of 1.9% for the 13 weeks ended 2 July 2016.

Carr’s reports 1.6% rise in food

Carr’s Group, the agriculture, food and engineering business, has issued a trading update for the year ending 3 September 2016, with performance in line with the board’s expectations.

Asda warned against irrational price war

Bosses from retailer Sainsbury’s have suggested that starting a price war would be not be a logical step forwards for rival retailer Asda.

Northern Irish bakery on course to increase sales overseas

Portadown-based wholesale business Kitchen Bakes is on target to increase cross-border sales by 50% as it celebrates 30 years in business.

Eustice retains food and farming role

George Eustice has retained his position as food and farming minister in the latest round of ministerial appointments by prime minister Theresa May. 

Oven giant aims to deliver 35% energy savings

Scandinavian oven company Sveba-Dahlen has claimed that its recently launched eco+ concept will save 35% in oven energy.

Local bakeries to feature at Leicester’s Business Festival

A variety of Leicestershire-based baking companies are set to feature at Leicester’s Business Festival, taking place from 24 October – 4 November.

SSP reports third-quarter rise

SSP Group, the travel locations food and drink operator, which operates brands such as Upper Crust and Ritazza, has seen a rise of 4.8% in total group revenues for the third quarter ended 30 June 2016 on a constant currency basis.

Ministry of Cake owner nominated for CEO award

Chris Ormrod, managing director of Taunton-based Ministry of Cake, has been announced as winner of the CEO of the Year award for the south west in the Management Team Awards 2016, organised by the British Private Equity and Venture Capital Association (BVCA).

Artisan bakery to take centre stage at UK’s small business campaign

An award-winning Fulham-based micro bakery, Ma Baker, is to take centre stage at the launch of the UK’s 2016 Small Business Saturday campaign on 3 December.

Finsbury Food Group reports near 25% sales jump

Leading UK speciality bakery manufacturer Finsbury Food Group has reported a rise in sales revenue of 24.8% to £319.7m for the full financial year ended 2 July.

Job losses at Allied

Allied Bakeries, the company behind Kingsmill, Allinson and Burgen, plans to shut a distribution centre in Flintshire, which will put 53 jobs at risk.

Biscuits Bouvard acquires Pidy

Pidy, the Belgian pastry products business, has been acquired by French operator Biscuits Bouvard Group. 

FDF appeals to May over Brexit

The Food and Drink Federation (FDF) has outlined the industry’s key priorities in the Brexit negotiations in an open letter to incoming prime minister Theresa May.

Action on Sugar slams government obesity report

A leaked copy of David Cameron’s Childhood Obesity Strategy has prompted campaign group Action on Sugar (AoS) to call for its revision.

Holland’s Pies launches rugby promotion

Pie manufacturer Holland’s Pies has teamed up with AB World Foods to launch a new on-pack promotion to celebrate the success of its Guinness range.

Gluten-free bakery opens new branch

Gluten-free bakery Beyond Bread has expanded into a second branch that will be located in Islington, London.

Barclaycard reveals post-Brexit consumer data

The decision to leave the EU has not taken an effect on shoppers after Barclaycard data has shown that spending and retail sales increased during the second quarter.

Latest wheat plantings revealed

The GB wheat area planted for the 2016 harvest is down 2% to 1.8m hectares (ha), according to the latest AHDB Planting and Variety Survey, released by AHDB Cereals & Oilseeds.

Higgidy in red but revenues up

Sussex premium pie maker Higgidy has recorded a double-digit sales growth for the year, but its recent expansion has pushed it into the red. 

Mrs Crimbles bought by Wessanen

The Hampshire-based gluten-free bakery Mrs Crimbles has been bought for an undisclosed sum by Dutch organic and natural food company Wessanen.

Grocery prices see largest drop in over a year

Food prices saw their biggest fall for over a year last month as prices continued to drop, according to market analyst British Retail Consortium-Nielsen (BRC).

Bath to get two new Costas and a Pret

High street coffee chains Costa Coffee and Pret A Manger both plan to open new outlets in Bath city centre.

AHDB lays out EU trade implications post-Brexit

The Agriculture & Horticulture Development Board (AHDB) has released the first in a series of articles looking at the potential implications for the food industry of the UK’s decision to leave the EU.

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.

Brexit to overshadow obesity strategy?

Health campaigners fear the government will use the Brexit vote to divert attention from David Cameron’s childhood obesity strategy.

Discounters to benefit most from Brexit, says Kantar

Analysts from Kantar Retail have said traditional British supermarkets will face higher costs after Brexit, while discounters, such as Aldi and Lidl, will reap the benefits. 

Costa considers Brexit impact as coffee prices rise

Costa Coffee owner Whitbread may rein back investment following the Leave win in last week’s referendum, while coffee prices could soon rocket due to severe droughts.

Brexit and what it means for bakers

Britain has voted to leave the EU. On the morning of the historic vote, British Baker spoke to industry representatives about what this might mean for bakers.

Tesco sells Harris + Hoole to Caffè Nero

High street coffee chain Caffè Nero is to acquire the coffee chain Harris + Hoole from Tesco.

Patisserie Valerie expands into Doncaster

Patisserie Valerie (PV) is to open its 119th outlet at the Frenchgate Shopping Centre, Doncaster as it continues a rapid expansion.  

Costa boosts Whitbread performance

Whitbread-owned Costa Coffee has boosted the group’s overall Q1 performance for the 13 weeks to 2 June 2016, with total sales at the high street coffee chain up 11.5% to £414.3m and retail like-for-like (LFL) sales increasing by 2.6%.

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