Finance

Losses surge at Tesco coffee shop offshoot

Tesco is having to commit millions of pounds to keep solvent a rapidly expanding, loss-making coffee chain it part owns.

City analyst upbeat over Premier’s latest results

A leading City analyst has described the turnaround in revenue at Premier Food as “no mean feat” given the challenging FMCG climate.

UB invests £15m in export drive

United Biscuits (UB) is planning to invest £15m to increase capacity at its biggest factory next year and is forecasting a 50% increase in its exports by 2020.

Asian snacks firm gains funds for new production centre

An Asian sweets specialist has set up a manufacturing hub in Birmingham after securing a six-figure funding package from Barclays.

AB Mauri unveils new Centre of Excellence

Bakery ingredients supplier AB Mauri has officially opened its new Centre of Excellence.

Bakkavör increases workforce as sales rise

Bakkavör Desserts is to hire 160 extra staff members to help meet demand following an increase in sales.

Muffin Break has opened a store in Newport
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Muffin Break opens second Welsh store

Muffin Break, the bakery café, has opened its second Welsh store in Newport as part of rapid expansion plans to open 14 stores by the end of 2016.

Aldi and Lidl now hold a combined market share of 10%
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German discounters continue to thrive

Aldi and Lidl, the German discounters, hit a combined market share of 10% for the first time, according to a Kantar Worldpanel report.

Almondy produces gluten-free cakes
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Almondy bought by Danish bakery

Almondy, the Swedish gluten-free bakery, has been acquired by the Danish group Givesco Bakery.

Sainsbury’s reported a 17.9% drop in underlying profit before tax
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Sainsbury’s suffers drop in profit

Sainsbury’s underlying profit before tax plunged by 17.9% from £375m to £308m, according to sales figures for the 28 weeks to 26 September 2015.

Irwin's has secured a contract to sell biscuits to China
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Irwin’s Bakery secures export contract to China

Northern Ireland’s leading bakery Irwin’s has secured a six-figure deal to supply a range of premium Irish biscuits created specifically for the Chinese market.

Premier Foods has reported modest growth in its Sweet Treats division
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Premier Foods shows growth in sweet division

St Albans-based Premier Foods has announced slow growth for its Sweet Treats division, with a 0.8% growth from £93.1m to £93.8m for the 26 weeks to 3 October 2015.

Invest NI Chief Executive Alastair Hamilton joined Su Xiaomin, Senior Manager of Business Development, China Merchants Food (Shenzhen) Co. Limited, and Brendan Lappin, Irwin’s Bakery Business Development Manager
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Irwin’s Bakery secures export contract to China

Northern Ireland’s leading bakery Irwin’s has secured a six-figure deal to supply a range of premium Irish biscuits created specifically for the Chinese market.

Vogel's has launched a new marketing campaign with Anorak
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Vogel’s launches picnic promotion

Seeded bread specialist Vogel’s has partnered with outdoor brand Anorak for a new Keep Exploring campaign. 

Carr’s records healthy profit growth

Unaudited figures show the food division of Carr’s Group has enjoyed a 6.3% rise in profit before tax for the year ended 29 August 2015.

Charles Reed (left) of William Reed Business Media with Bob Gomersall (right) of Virtual College
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Appetite Learning is launched

William Reed Business Media, the publisher of British Baker, has partnered with Virtual College, the leading provider of e-learning and online training, to offer a range of materials for the food industry.

Peter Thompson, new operations director at Silvery Tweed Cereals
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Silvery Tweed Cereals appoints new ops director

Peter Thompson has joined Silvery Tweed Cereals as operations director.

Tate & Lyle has seen adjusted profit before tax rise 28%
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Tate & Lyle sees pre-tax profits jump 28%

Tate & Lyle, the bakery ingredients supplier, saw its adjusted profit before tax increase by 28% this year to £103m.

Morrisons LFL sales have slumped 2.6% (excluding fuel)
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Morrisons hit by fresh sales slump

Supermarket chain Morrisons has seen another drop in sales, with a 2.6% fall in like-for-like (LFL) sales excluding fuel in the 13 weeks to 1 November 2015.

New legislation could trigger a flood of cheap sugar
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Liberalised sugar market could lead to a flood of cheap imports

Europe could be flooded by cheap sugar because of plans to liberalise the sugar market, according to a new study.

M&S has posted nearly static LFL food sales
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M&S sees static LFL food sales

High street retail chain Marks & Spencer (M&S) has recorded virtually static like-for-like (LFL) food sales figures, with just 0.2% growth in the 26 weeks ending 26 September.

Barry Callebaut posts profit dip, warns on year ahead

Global chocolate producer Barry Callebaut has warned about a “challenging” year ahead – after it saw its net profit decline by 5.9% to CHF240 million (£157m).

Outgoing chief executive of Samworth Brothers, Lindsey Pownall
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New CEO at Samworth Brothers

Lindsey Pownall, the chief executive of Samworth Brothers, has reportedly decided to step down from the top job at the food group.

ABF profits and revenues hit by commodity deflation and currency woes

Revenues and profit fell at Associated British Foods – the parent company of Kingsmill – as it was hurt by commodity deflation and currency difficulties.

General Mills looks set to close Northumberland plant
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General Mills to axe Northumberland Jus-Rol plant

USA-based food group General Mills is to close its Jus-Rol pastry factory in Berwick-upon-Tweed, Northumberland.

Key consumer trends were revealed at Taste Tomorrow London
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Global study identifies key bakery trends

A global study for Belgian ingredients manufacturer Puratos has unveiled key trends in the baking, patisserie and chocolate markets.

Two century-old Sussex bakery closes

Sussex-based Forfars Bakers, which was due to celebrate its bicentenary in 2018, has gone into voluntary liquidation.

Whitworths has revamped its packaging
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Whitworths revamps packaging

Fruit and nut retailer Whitworths has redesigned its packaging to capitalise on the expanding snacking and home-baking markets.

The Bread Factory buys retail bakery

Wholesale bakery The Bread Factory has bought St Albans-based manufacturer Bread Roll for an undisclosed sum.

2 Sisters: biscuit market under pressure

2 Sisters Food Group, the conglomerate which runs Holland’s Pies and Fox’s Biscuits, saw sales tumble 8.2% in the 52 weeks to 1 August to £3.14bn from £3.42bn in 2014.

Aviva survey shows ‘invisible’ spend

A typical UK adult spends £948 a year on ‘invisible’ items such as coffees, shop-bought lunches, post-work drinks and treats for children, says a new survey commissioned by insurance company Aviva.

Irish Pride collapse recriminations

A new independent accountant’s report has suggested that Irish bakery Irish Pride, which is shortly due to be sold out of receivership, could have been saved by taking the examinership option in June.

Subway failed to pay staff, says BIS report

Sandwich retailer Subway has appeared in a new report naming and shaming firms who have failed to pay all staff the minimum wage.

Gluten-free products ‘not up to scratch’, says research

A new study has found nearly 40% of coeliac sufferers are critical of gluten-free bread and mixes currently on the market.

Ministers urged to introduce sugar tax in new report

A sugar tax and reductions in the sugar content and portion size of everyday food and drink products are among the recommendations made by Public Health England (PHE) to address concerns about the nation’s sugar consumption.

Lantmännen Unibake UK's new head of marketing, Ian Harris
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Lantmännen Unibake announces new head of marketing

Swedish bakery supplier Lantmännen Unibake UK has named Ian Harris as its new head of marketing. 

Whitbread shares jump in value

Whitbread shares increased around 3.3% yesterday following the company reporting like-for-like sales (LFLs) growth of 3.6% for the six months to August 27.

Mark Price
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Mark Price resigns from Waitrose

Supermarket chain Waitrose is to lose its managing director as Mark Price has announced he is to stand down.

Délifrance unveils £30m investment and new bread line

Délifrance UK has unveiled a new £30m investment to its bakery in London which has already seen the installation of a state-of-the-art stone baked bread line.

Delay on sugar report criticised

Campaigners have blasted a move to shelve a report which claimed a sugar tax would decrease purchases of the types of food and drinks blamed for Britain’s obesity crisis.

Samworth Brothers posts big profit increase

Food manufacturer Samworth Brothers saw pre-tax profit rise 25% last year, according to figures filed at Companies House, up from £33.5m in 2013 to £41.8m in 2014 (year ending 27 December).

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Krispy Kreme gives commuters Halloween surprise

US doughnut brand Krispy Kreme staged a spooktacular event at London’s Waterloo station on 19 October by handing out 1,000 free doughnuts.

IGD predicts online shopping surge

Up to 42% of British shoppers could be converted to online grocery shopping, according to food and grocery research and training charity IGD.

Deflation saves households £58 a year on grocery bills

Supermarket price wars have left the average household better off by £58 a year, according to Kantar Worldpanel figures for the 12 weeks ending October 11, 2015.

Dum Dum Doughnuts to expand in UAE

Dum Dum Doughnuts has launched a new website and announced expansion plans in the United Arab Emirates (UAE).

Costa reports strong sales growth

Whitbread-owned coffee brand Costa has posted UK like-for-like sales growth of 4.4% for the six months to August 27 2015.

Big brands join forces to call for trans-fat limit

Major food producers Mars, Kellogg’s, Nestlé and Mondelēz have thrown their weight behind a campaign to put a limit on trans-fats in food by signing an open letter to the European Commission.

Jane Tyler, managing director of RedBlack
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CyBake trialled by M&S

Bakery management software CyBake is being trialled by clothing and food retailer Marks & Spencer (M&S) across a selection of its in-store bakeries.

Scottish Bakers helps exporters with new brochure

Scottish Bakers has launched a new ‘Hero Products’ brochure to assist its exporter members in selling bakery products all over the world.

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.

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