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