Finance

Costa
Costa prices may rise to offset National Living Wage
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Whitbread may increase prices to offset National Living Wage

Costa’s parent company Whitbread has warned that it may be forced to raise prices to combat the effects of the National Living Wage. 

Sugar
FDF director advises industry to unite in war on sugar
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FDF urges industry to unite on sugar attack

The Food and Drink Federation (FDF) boss has warned the industry that no sector is safe from the attack on sugar. 

Private equity firm snaps up cake supplier

Cake manufacturer Bright Blue Foods has been acquired today for an undisclosed sum by private equity investor Endless. 

Mangobean
Mangobean has aggressive expansion plans
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Franchise coffee chain reveals expansion plans

Mangobean, the franchised coffee shop operator, has a pipeline of openings planned this year with the goal of achieving an estate of 125 shops. 

Costa
Costa posts strong Q2 performance despite wet August
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Costa sees 4% LFL sales increase

Costa, the Whitbread-owned coffee brand, has posted an increase in like-for-like sales of 4% for the 11 weeks to 13 August 2015. 

Kingsmill
Kingsmill has gained in sales but suffered from lower profitability
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Sales volumes up at Allied Bakeries, but market remains ‘challenging’

Associated British Foods (ABF) has revealed that Allied Bakeries saw increased sales volumes over the financial year, but overall profits across the group are expected to decline. 

Exports
UK bakery exports are up but were impacted by the strength of the pound
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Bakery a highlight as exports fall

Cereals and bakery exports increased by 10% in the first half of the year – but total food and drink sales abroad fell because of the strength of the pound. 

Limit on contactless payments rises

Contactless payments are set to account for more retail transactions now the upper limit has increased from £20 to £30.

Warrens Bakery
Warrens Bakery has seen positive effects from its company-wide rebranding programme
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Rebranding boosts Cornish pasty firm

Warrens Bakery, the Cornwall-based 50-strong chain, has revealed that retail sales and wholesale have jumped following a rebranding programme. 

Sandwiches remain key to children’s lunchboxes

Research has revealed that children’s packed lunches are changing – but sandwiches remain a staple item.

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