Finance

New directors for Tate & Lyle

Tate & Lyle PLC has announced that it has appointed two non-executive directors, with effect from 1 April. 

“Significant growth” for Bokomo Foods

Cereal maker Bokomo Foods is now the main supplier to all major supermarkets’ own-brand cereal products.

Waitrose operating profit up despite tough market

Waitrose has reported a 3.9% rise in operating profit for the year, to £232.6m, despite “exceptionally tough” market conditions.

Morrisons details strategy for growth

Morrisons has listed six key priorities, as part of its ongoing strategy to improve profitability.

Morrisons reports sales drop

Morrisons reported a 2% drop in like-for-likes sales for its financial year (excluding VAT and fuel), although positive Q4 figures showed signs of recovery.

Innovation is the key to success, says new report

A new bakery and pastry report from Catalyst Corporate Finance has found that the fastest-growing brands specialise in healthier baked goods using high-quality ingredients.

Food sales return to growth despite supermarket price war

The grocery sector reported a 0.5% rise in sales in the four weeks to 28 February, after months of little or no growth, according to Kantar Worldpanel.

Price of gluten-free bread and croissants rises

Mysupermarket.com has analysed the prices of various baked goods over the last year, with many items found to be cheaper, but a few significantly more expensive.

Caffè Nero roasted for tax avoidance

High street coffee chain Caffè Nero has come under widespread media criticism for paying no corporation tax in the last financial year, despite posting a profit of almost £23.6m.

Burton’s Biscuits closes in on Fox’s deal

Burton’s Biscuits is reported to be closing in on a £330m deal to purchase rival brand, Fox’s.

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