Finance

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.

Innovate to thrive, say webinar speakers

The bakery retail market is “exciting and vibrant”, according to the speakers at the Insights from the Bakery Market Report 2016 live event.

Perthshire pie-maker ceases trading

The Wee Pie Company has unexpectedly ceased trading, just months after securing a £150,000 contract to supply Aldi.

Self-service bakery franchise announces expansion plans

Bake & Take, the German café and bakery concept, aims to open 100 new UK stores in the next five years. 

Bakery among biggest UK exports

Baked and cereal exports increased to £2.3bn in 2015, according to new HM Customs & Excise data.

Samworth at the House of Commons

Keith Vaz MP met with Alex Knight, chief executive of Samworth Brothers, to discuss “grave concerns” about the food manufacturer’s wage proposals.

Costa reports slowing sales

The high street coffee shop chain’s owner, Whitbread, has blamed mild weather for disappointing sales.

New commercial director for Macphie

Independent food ingredients manufacturer Macphie has appointed Richard Cox to its executive board.

Cornelius Group among 1,000 Companies to Inspire Britain

The Cornelius Group has been included in the London Stock Exchange’s 1,000 Companies to Inspire Britain report.

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