Finance

Losses surge at Tesco coffee shop offshoot

Tesco is having to commit millions of pounds to keep solvent a rapidly expanding, loss-making coffee chain it part owns.

City analyst upbeat over Premier’s latest results

A leading City analyst has described the turnaround in revenue at Premier Food as “no mean feat” given the challenging FMCG climate.

UB invests £15m in export drive

United Biscuits (UB) is planning to invest £15m to increase capacity at its biggest factory next year and is forecasting a 50% increase in its exports by 2020.

Asian snacks firm gains funds for new production centre

An Asian sweets specialist has set up a manufacturing hub in Birmingham after securing a six-figure funding package from Barclays.

AB Mauri unveils new Centre of Excellence

Bakery ingredients supplier AB Mauri has officially opened its new Centre of Excellence.

Bakkavör increases workforce as sales rise

Bakkavör Desserts is to hire 160 extra staff members to help meet demand following an increase in sales.

Muffin Break has opened a store in Newport
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Muffin Break opens second Welsh store

Muffin Break, the bakery café, has opened its second Welsh store in Newport as part of rapid expansion plans to open 14 stores by the end of 2016.

Aldi and Lidl now hold a combined market share of 10%
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German discounters continue to thrive

Aldi and Lidl, the German discounters, hit a combined market share of 10% for the first time, according to a Kantar Worldpanel report.

Almondy produces gluten-free cakes
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Almondy bought by Danish bakery

Almondy, the Swedish gluten-free bakery, has been acquired by the Danish group Givesco Bakery.

Sainsbury’s reported a 17.9% drop in underlying profit before tax
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Sainsbury’s suffers drop in profit

Sainsbury’s underlying profit before tax plunged by 17.9% from £375m to £308m, according to sales figures for the 28 weeks to 26 September 2015.

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