Finance

Outgoing chief executive of Samworth Brothers, Lindsey Pownall
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New CEO at Samworth Brothers

Lindsey Pownall, the chief executive of Samworth Brothers, has reportedly decided to step down from the top job at the food group.

ABF profits and revenues hit by commodity deflation and currency woes

Revenues and profit fell at Associated British Foods – the parent company of Kingsmill – as it was hurt by commodity deflation and currency difficulties.

General Mills looks set to close Northumberland plant
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General Mills to axe Northumberland Jus-Rol plant

USA-based food group General Mills is to close its Jus-Rol pastry factory in Berwick-upon-Tweed, Northumberland.

Key consumer trends were revealed at Taste Tomorrow London
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Global study identifies key bakery trends

A global study for Belgian ingredients manufacturer Puratos has unveiled key trends in the baking, patisserie and chocolate markets.

Two century-old Sussex bakery closes

Sussex-based Forfars Bakers, which was due to celebrate its bicentenary in 2018, has gone into voluntary liquidation.

Whitworths has revamped its packaging
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Whitworths revamps packaging

Fruit and nut retailer Whitworths has redesigned its packaging to capitalise on the expanding snacking and home-baking markets.

The Bread Factory buys retail bakery

Wholesale bakery The Bread Factory has bought St Albans-based manufacturer Bread Roll for an undisclosed sum.

2 Sisters: biscuit market under pressure

2 Sisters Food Group, the conglomerate which runs Holland’s Pies and Fox’s Biscuits, saw sales tumble 8.2% in the 52 weeks to 1 August to £3.14bn from £3.42bn in 2014.

Aviva survey shows ‘invisible’ spend

A typical UK adult spends £948 a year on ‘invisible’ items such as coffees, shop-bought lunches, post-work drinks and treats for children, says a new survey commissioned by insurance company Aviva.

Irish Pride collapse recriminations

A new independent accountant’s report has suggested that Irish bakery Irish Pride, which is shortly due to be sold out of receivership, could have been saved by taking the examinership option in June.

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