Finance

Finsbury: analysing the results

Finsbury Food Group unveiled revenue and profit growth yesterday – but what were the drivers for the increases? Here British Baker analyses the performance of the bakery group in greater detail.

John Duffy, chief executive of Finsbury Food Group
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Finsbury shares up on preliminary results

Shares in Finsbury Food Group, the large bakery manufacturer and supplier, rose 25% yesterday after the company announced pre-tax profits had grown by 76% to £11.4m last year.

Charlotte Marrifield, Harrogate Cake Company and Jon Haw, Royal Bank of Scotland
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Pastry expert buys Harrogate Cake Company

Top pastry chef Charlotte Marrifield has bought the Harrogate Cake Company with funding support from the Royal Bank of Scotland for an undisclosed sum.

New Nottingham bakery reveals ambitions

Tartisan, the recently opened bakery in Nottingham, has revealed plans to grow nationally and abroad in the next five years.

Second Cup
Second Cup Coffee Company is planning 500 sites in the UK
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Canadian coffee chain plans UK expansion

Second Cup Coffee Company, the Canadian chain, is planning to open 500 UK sites in the next 10 years. 

Pork Farms
Pork Farms Food has launched a new corporate name
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Pork Farms Group rebrands as Addo Food Group

Pork Farms Group, the chilled food producer, has rebranded as Addo Food Group, following the acquisition of the chilled savoury pastry business Kerry Foods. 

Morrisons
Morrisons downgraded by Moody's
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Morrisons’ rating downgraded following profit fall

Moody’s, the investors service, has downgraded its rating for Morrisons. 

Greggs
Greggs is reportedly spreading its reach across Ireland
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Greggs ready to set down roots in Ireland

Greggs is to debut in Ireland later this year or early in 2016, Applegreen chief operations officer Joe Barrett has told the Irish Independent newspaper. 

Ed Rowlands
BFP appoints Ed Rowlands as operations director
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Exclusive: BFP appoints new ops director and invests £1m in fleet

Bakery supplier BFP Wholesale has appointed a new operations director as it also revealed it had replaced 75% of its transport fleet at the cost of £1m. 

BB's King's Lynn
BB's in King's Lynn has just opened
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BB's Coffee & Muffins plans to double in size

BB’s Coffee & Muffins plans to double in size in the next five years as it opens sites in the UK and Ireland including a new masculine-look concept in Dublin. 

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