Finance

Review of the Year: Part 2

Sadly, 2015 could not all be about good news. It was a tough year for craft bakeries and even mighty brands like Hovis found themselves needing to cut costs. This was also the year the health debate around sugar erupted, with the full effect perhaps yet to be felt in 2016.

Review of the Year: Part 1

The past year has produced plenty to celebrate for our industry, with strong investment in production equipment, moves to propagate the next generation of bakers and, to cap it all, the best British wheat harvest on record. British Baker looks back over the top 10 successes of the year.

Baked goods sales to tumble 5% by 2020

UK sales of bread and baked goods are set to fall by 5.3% over the next five years, according to a report by market insight company Mintel, with market value dropping from £3.9bn to £3.7bn.

Cake sales fall in run up to Christmas

Christmas cake and pudding sales have slumped in the run up to Christmas, down 5.3% on last year for the two weeks to 12 December.

Richard Watts, founder and managing director at Destiny Foods
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Destiny Foods to triple storage with new warehouse

Destiny Foods, the Manchester-based foodservice patisserie firm and distributer, has bought a 30,000sq ft warehouse which it says will triple its storage capacity.

Greggs has recently opened its 100th franchise store
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Greggs opens 100th franchise store

Greggs, the high street bakery, recently passed 100 franchise stores as it opened another partnership with fuel station forecourt manager Euro Garages.

Starbucks UK has seen pre-tax profits rise to £34.2m for the year to 27 September
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Starbucks UK’s profits leap forwards

Starbucks UK has seen year-on-year pre-tax profits jump £32.2 million to reach £34.2m in the year to 27 September.

Coffee shops forecast to reach £15bn in next 10 years

Britain’s love affair with coffee looks set to continue with the UK coffee shop market expected to be worth over £15bn by 2025, according to the latest report from Allegra World Coffee Portal.

Andy Underwood and Alastair Macphie, managing director and chairman at Macphie
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Macphie doubles profit in bullish year

Macphie, the Scottish-based bakery and food ingredients manufacturer, has seen profits and sales increase off the back of weaker dairy prices.

2 Sisters sees quarterly drop in sales and profits

Boparan Holdings – the owner of 2 Sisters Food Group, which runs Holland’s Pies and Fox’s Biscuits, saw sales slump by 3.5% to £778.3m in the three months to 31 October.

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