Finance

Slow growth in grocery sector

“Sluggish growth” has been recorded in the British grocery market in the 12 weeks to 16 August 2015 with Sainsbury's the only one of the big four in growth.

Real Good Food
Pieter Totte ups shares in Real Good Food
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Real Good Food chairman ups shares

Executive chairman of Real Good Food (RGF) has increased his stake in the company to 3.89%. 

Asda upbeat despite Q2 sales drop

Asda has posted a 4.7% fall in like-for-like sales for its second quarter, in what it described as “disappointing, but a short-term picture”.

Pat the Baker
Pat the Baker has bought part of Irish Pride
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Irish Pride ‘sold’ to Pat the Baker

The sale of the majority of Irish Pride Bakeries’ assets to Pat the Baker has reportedly been agreed for around €7m (£4.9m). 

Ferrero completes Thorntons transaction

The £112m takeover of British chocolatier Thorntons has been completed by Ferrero, as it pledges to grow the brand.

Lotus Bakeries buys majority stake in Nākd

Belgian biscuit and cake company Lotus Bakeries has taken over a majority stake Natural Balance Foods, the company behind the Nākd and TREK brands.

Bakkavor in revenue increase

Fresh food manufacturer Bakkavor has seen revenues rise in its half year results, despite a challenging market.

Brace’s shapes management team

Brace’s, the Newport-based bread bakery, has made a number of changes to its board of directors following the recent appointment of a new chief executive.

Eggs
Egg price is increasing following US bird flu outbreak
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US bird flu increases pressure on egg prices

Fears are growing that egg prices could rise as European supplies are sent to the US after a massive bird flu outbreak. 

BRC reports first drop in food sales for 2015

Food sales fell for the first time this year, as budgets and weather affected shopper habits.

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