Finance

Tesco raises £250m in property sale

The sale of 14 development sites to pan-European property investor Meyer Bergman has raised £250m for troubled supermarket giant Tesco.

New bakery concept to be introduced to London

A new bakery, restaurant and bar concept, Wright & Bell, is due to be launched by former Mitchells & Butlers retail director Jayne Baker.

Square Pie hits crowdfunding target

Gourmet pie-themed restaurant chain Square Pie has raised a final figure of £681,500 through the sale of its ‘Pie Bonds’, surpassing its target of £450,000 by 51.4%.

Caffè Nero introduces first hot food menu

Caffè Nero has launched its first ‘hot food’ menu with a range of Italian-inspired dishes.

Iceland has bread advert banned

Iceland has had one of its bread adverts banned by the Advertising Standards Authority (ASA) after a complaint it misled the public.

Left: finance and operations director, Ian Tatchell. Right: sales and procurement director, Graham Davenport
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Petrow opens Suffolk facility

Dried fruit and nuts supplier Petrow Food Group has opened an 80,000sq ft factory and warehouse at Haverhill, Suffolk.

EAT appoints new chairman

John Derkach has been appointed chairman of on-the-go food outlet EAT.

British Lion Eggs’ Code of Practice reviewed

The British Egg Industry Council (BEIC) is preparing to relaunch its Lion Eggs Code of Practice at the end of this month, and has also lodged a trademark application for a logo for products such as quiche made with Lion eggs.

LPQ bemoans rents rise

Le Pain Quotidien has become the second major bakery chain to say that the cost of rents is a major downside of running a business in central London.

Full steam ahead for EAT

Sandwich and coffee chain EAT has announced plans to tackle the burgeoning train station and airport market as part of its expansion plans.

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