All Retail articles – Page 299
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NewsThe fall and rise of Greggs’ share price
Greggs’ share price saw a 6% year-on-year rise yesterday following the government’s decision to make a U-turn over the pasty tax.
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Businesses going bust increase in double-dip recession
The number of retailers going out of business has risen by 38% in the first quarter of 2012, according to accountancy firm Wilkins Kennedy.
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News’Pastygate’ timeline highlights government u-turn
British Baker has compiled the key dates in the pasty-tax campaign over the past two months, which have shaped the government’s decision to scrap its proposal for 20% VAT to be added to all hot takeaway bakery products.
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NewsGovernment performs pasty tax u-turn
The government has performed a dramatic u-turn on its tax for hot pies and pasties. The move comes after weeks of sustained campaigning by the baking industry, including British Baker’s own e-petition, a campaign by Greggs, the largest retail baker in the country, and a demonstration by the industry at Westminster which saw a petition of half a million signatures handed in at Number 10.
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Greggs backs food hygiene scheme
Greggs has given its backing to web-based certification SOFHTe, from The Society of Food Hygiene Technology (SOFHT).
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NewsBakers keen to support workable VAT solution
The baking industry is keen to promote its alternative 20% tax solution to the government, saying it understands the government’s desire to reduce anomalies and raise revenue.
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NewsTesco boss refuses £372,000 bonus
Tesco chief executive officer Phillip Clarke has declined his annual bonus, as UK employees share more than £110m.
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Starbucks burdened by high London rents
Starbucks UK has confirmed less profitable outlets in central London locations have contributed to its five-year run of losses.
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Sales up 3.7% at Krispy Kreme
Krispy Kreme, the doughnut retailer, has reported a 3.7% rise in revenues, driven by an increase in same-store sales.
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Own-label NPD beats branded
The level of own-label food and drink NPD has risen above branded for the first time, according to new research by Mintel.
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Economic boost with "tax cuts" and lowest inflation rates
Businesses could benefit from potential temporary tax cut measures and the latest levels of inflation dropping to their lowest in more than two years.
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Whitbread boss refuses pay rise
Whitbread’s chief executive Andy Harrison has turned down a 1.5% increase on his annual salary of £717,500.
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High Street footfall reaches new low
The British Retail Consortium (BRC) has reported a 12.6% decrease in the number of town centre shoppers in the three months to April – the worst drop in footfall since November 2009.
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Gongs given for sandwich success
Greencore took the top award of the night at the Sammies last week – the British Sandwich Industry Awards – for its Food to Go range.
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M&S takes profit hit
Marks & Spencer (M&S) has seen profit before tax down £122.6m on last year, despite strong like-for-like food sales.
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Asda total sales up 7.1%
Asda has increased its like-for-like sales by 2.2% in the 12 weeks to 31 March 2012.
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In pictures: China bakery study tour 2012
British Baker’s associate editor, Georgi Gyton, travelled to China earlier this month on a bakery study tour, hosted by Rich Products. Check out our exclusive gallery of pictures, from the trade show in Shanghai to business visits in Beijing and the Great Wall of China.
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NewsMPs named and shamed over ‘pasty tax’ amendment
British Baker has published the names of those MPs who voted against the amendment to the 20% tax on hot takeaway bakery products. The vote, tabled by Liberal Democrat MP Stephen Gilbert of St Austell and Newquay, took place in the House of Commons last month and was narrowly defeated by 35 oppositional votes.
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NewsMorrisons relaunches in-store bakeries
Supermarket chain Morrisons is revamping its in-store bakeries at the end of May with new product lines, packaging and baking methods.
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NewsGlamwiches are on the rise
A new lunchtime trend – ‘the glamwich’ – has been emerging as more and more Brits are making their own packed lunches at home.