Finance

Aldi
Aldi jumps into position as UK's sixth-largest supermarket
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Aldi bypasses Waitrose in supermarket leaderboard

German discounter Aldi has leapfrogged Waitrose in the leaderboard to become Britain’s sixth-largest supermarket. 

Bakkavör sees corporate credit rating upgraded

Chilled food and bakery producer Bakkavör has seen its corporate credit rating rise from a B- (positive outlook) to B (stable).

‘Healthy treating’ to boost quick-service bakery, finds study

The quick-service bakery market (QS bakery) is to see an accelerated growth rate this year, with the concept of “healthy treating” becoming “key” to driving incremental increases in visits.

Marks & Spencer
Marks & Spencer beats the curve on food sales
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M&S food enjoys ‘excellent’ Q4 sales

Marks & Spencer (M&S) delivered an “excellent” performance on food in its fourth quarter as food sales were up 3.7%. 

Tate & Lyle
Tate & Lyle anticipates "modestly" poorer results
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Tate & Lyle investment results in higher net debt

Ingredients manufacturer Tate & Lyle reported net debt to be around £34m higher than expected, as group profit sank “modestly” in its year to 31 March. 

Barry Callebaut
Barry Callabaut posts good results
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Barry Callebaut outpaces chocolate market in latest results

Chocolate giant Barry Callebaut Group has outperformed the chocolate market in its half-year results. 

Napier Brown
Napier Brown suffering in difficult tradiing
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Real Good Food in talks over sugar division

Real Good Food, owner of UK sugar distributor Napier Brown, is “in discussions regarding a transaction” regarding its sugar arm that would “strengthen its balance sheet”. 

Bakkavor
Bakkavor extends banking facilities
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Bakkavör uses banking facility for early repayment of bond debt

Food manufacturer Bakkavör has agreed an extension and increase to its existing banking facilities, as well as a material reduction in the interest rate margin. 

Aryzta
Aryzta buys 49% stake in Picard
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Aryzta to take stake in French food retailer

Swiss bakery group Aryzta has entered into negotiations to acquire a 49% stake in Picard - a speciality French food retailer, owned by private equity group Lion Capital. 

Crepeaffair
Crepeaffair eyes more sites
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Crepe firm reveals plans for new outlets

London-based Crepeaffair has just opened its 12th UK outlet as it strives for 15 in total by mid-summer as well as adding international sites and launching a ‘grab and go’ range. 

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