Finance

Tate & Lyle profits up by 5%

Ingredients maker Tate & Lyle has posted flat sales but has seen a boost to profits, with unadjusted pre-tax profits rising from £25m to £126m.

Oliver Adams to close nine bakeries

Northampton bakery Oliver Adams closed two outlets, and will close nine in total. It has said it is restructuring, because some outlets are “losing money hand over fist”.

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. 

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