Finance
Morrisons LFLs down 2.7%, reveals plans to sell 11 stores
Morrisons saw like-for-like sales (LFLs) drop by 2.7% in its first half – and has announced plans to close 11 stores.
Apostrõphe managing director exits the business
Apostrõphe, the bakery café group, is missing a managing director after Richard Franks stepped down.
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.
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.
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 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.
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.
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.
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