Finance

Yorkshire bakery suppliers join forces

The bag-sealing equipment manufacturer Select Bag Sealers (SBS) has been acquired by specialist tape manufacturer ProSpool.

New £3.6m expansion for Scottish bakers Bells

Family-run bakers, Bells Food Group, is looking to recruit up to 30 workers as part of the expansion plan.

Predicted growth for out-of-home foodservice market

The British out-of-home (OOH) foodservice market will grow visits by 1.6% in 2016, according to global information company, The NPD Group (NPD).

Food firms sign letter opposing Brexit

A clutch of leading food firms have joined nearly 200 business leaders saying leaving the European Union would threaten jobs and put the UK's economy at risk.

Brakes Group sold to US firm for £2.2bn

Brakes Group, the food supplier that had purportedly been considering a flotation, has been sold to US company Sysco in a deal worth $3.1bn (£2.2bn).

ABF: earnings per share will miss targets

Associated British Foods (ABF), parent company of bakery brand Kingsmill, has warned that earnings per share will be lower than expected for its half year results, due out in April. 

Worst ever quarterly sales fall for Asda

Asda has seen sales fall 5.8% during the three months that include Christmas - its biggest quarterly sales fall on record.

Sainsbury’s leads the way by scrapping multi-buys

Sainsbury’s has become the first of the major supermarkets to commit to phasing out multi-buy deals, after mounting evidence that shoppers find them confusing and misleading. 

Tower Bakery agrees deal to supply local Tesco stores

Perth-based Tower Bakery has agreed a deal to supply Tesco with traditional Scottish bakery treats.

Supermarket special offers to be banned?

Major supermarkets are under official investigation after it emerged that questionable special offers encouraged shoppers to spend, not save.

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