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Retail

Tesco sees UK LFL sales fall

Tesco has said its UK performance has been in line with expectations, despite falling like-for-like sales.
 

Craft baker Pryces launches e-commerce site

Pryces the Bakers has launched a new website - www.pryces.com - where customers can order a selection of goods including muffins, cookies and gift hampers.

Nordic Bakery up to three

Nordic Bakery has opened its third site in London, near to Baker Street.

Goldman Sachs sells Pret A Manger stake

Goldman Sachs has sold its £50m stake in Pret A Manger, the sandwich chain.

Food-to-go holds key to future

A focus on food-to-go bread products is key to future growth, according to the latest research by Lantmännen Unibake UK.

Waitrose sees trading rocket over Jubilee

Waitrose achieved its highest week of trading, bar Christmas and Easter, over the Jubilee weekend. Sales were up 19.8% on last year, for the week ending 2 June.

Starbucks acquires US-based baker

Starbucks, the global coffee shop chain, has made its first foray into baking – with the acquisition of the US-based Bay Bread and its La Boulange bakery brand for $100m.

Food inflation remains stable

Food inflation stood at 4.3% in May, unchanged from the previous month, according to the British Retail Consortium (BRC).

Dundee cake in PGI claim

A group of Scottish bakers are in the early stages of applying for Protected Geographical Indi-cation (PGI) status for Dundee cake.

Industry celebrates over government's tax U-turn

"This is a great day for bakers, no matter how large or small," Ken McMeikan, chief executive of Greggs told British Baker, following the government's U-turn on pasty tax. The move, which would have seen 20% VAT slapped on all hot bakery products, prompted a nationwide campaign by bakers for the government to rethink its proposals. This included a rally of more than 500 bakers at Downing Street to deliver a petition with more than half a million signa-tures to the government.

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