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Finance

Wheat price down as crop shows good development

Good development of the UK wheat crop has been reflected in a drop in the price of feed wheat.

Jestic Foodservice sold to Universal Industries

Kent-based Jestic Foodservice Equipment has been acquired by South Africa business Universal Industries International.

Cake Box opens record number of new stores

Egg-free cake supplier Cake Box has increased its estate by 28 sites in the past 12 months.

Signature raises wages to mitigate Brexit concerns

Signature Flatbreads is to pay its staff the living wage and has created 50 new jobs at its Dunstable factory.

Flour Water Salt raises £29k in Kickstarter campaign

Macclesfield café and bakehouse Flour Water Salt has raised £29,300 on a Kickstarter campaign.

Algeria offers new export opportunity for biscuit flour

Algeria may become a destination for UK biscuit wheat exports following a visit by state officials.

Baked goods exports up £120m over past five years

Overseas sales of baked goods have risen more than 15% since 2014 – with sweet biscuits accounting for the greatest increase in spend.

Liverpool bakery to boost output with £61k funding

Homebaked, a community bakery in Anfield, Liverpool, has received £61,000 in investment to fund a dedicated cookery unit and ramp up production.

David Wright to open bread and barbecue restaurant

Former Baker of the Year David Wright is set to turn his family bakery and café into all-day bread and barbecue restaurant.

Bakeries make up majority of food and drink start-ups

Bakery businesses have accounted for the greatest number of food and drink start-ups in the past six months, according to a new study.

Carrs Foods rebrands and secures £6.7m investment

Baked goods manufacturer Carrs Foods is to ramp up its international presence after securing a £6.7m investment.

Real Good Food finance chief to leave business

Real Good Food chief financial officer Harveen Rai, who helped turn around the business, is to leave at the end of this month.

No-deal tariffs plan ‘offers no advantage to industry’

Government tariff plans in the event of a no-deal Brexit have come under fire from trade bodies.

Aryzta claims it has taken first steps in turnaround

Aryzta has reported a 0.7% hike in organic revenue in the past six months – and claimed it has made its first step towards a turnaround.

Greggs’ turnover breaks £1bn barrier for first time

Full-year sales at Greggs have broken the £1bn barrier for the first time in 2018, with the business seeing a 7.2% hike in turnover.

Marks & Spencer and Ocado to launch joint venture

Marks & Spencer (M&S) products are to be available through Ocado.com from September 2020 under a new joint venture between the businesses.

Price discussions to impact Allied bread volumes

Bread volumes at Allied Bakeries are to be hit in the coming year following price discussions with customers.

Flour price increases put pressure on Finsbury Foods

Flour is currently the leading commodity cost pressure on Finsbury Food Group, the company has reported.

Sainsbury’s-Asda merger ‘could push up prices’

The proposed merger between Sainsbury’s and Asda suffered a blow today (20 February) as the Competition and Markets Authority (CMA) found that it could push up prices and reduce quality.

Vegan sausage rolls boost sales at Greggs

Vegan sausage rolls have helped to boost an “exceptional sales performance” at Greggs, with total sales up 14.1% for the seven weeks to 16 February.

Baker & Spice acquired by coffee shop chain DOCASA

Four London outlets of former Patisserie Holdings business Baker & Spice have been acquired by coffee chain Department of Coffee and Social Affairs (DOCASA).

Buyers found for Patisserie Valerie and Philpotts

Patisserie Holdings businesses Patisserie Valerie and Philpotts have been sold in separate deals.

Bakery food-to-go sales set to grow £400m by 2022

Price, convenience and health will be key factors in tapping growth in the food to go market, according to analysts.

Finsbury Food Group invests £1m in Kara plant

Finsbury Food Group has boosted efficiency and capacity at its Kara foodservice facility in Manchester with a £1m investment.

Graze healthy snack brand acquired by Unilever

Unilever is raising its profile in the healthy foods market with the acquisition of the Graze snacking brand.

Chantilly Patisserie sold by Real Good Food

Renshaw owner Real Good Food (RGF) has sold Chantilly Patisserie to its management team.

Caffè Nero Group acquires 70% stake in Coffee#1

Caffè Nero Group has bought a majority stake in the Coffee#1 chain.

Greencore food-to-go sales rise 6.4% in Q1

Greencore has stated that 2019 has got off to an “encouraging start”, with strong sales in its food-to-go operations.

AHDB holds baking workshop to drive wheat exports

A baking workshop has been held in Algeria this month to highlight the quality of UK soft wheat.

Food firms warn of no-deal shortages and price hikes

Consumers could face availability issues and higher prices, major retailers and foodservice businesses have warned.

What was 2018 like for Britain’s baking industry?

British Baker wants you to tell us what the past 12 months have meant for the retail bakery market.

Locations of 71 Patisserie Holdings closures revealed

Patisserie Holdings administrators have announced the closure of the company's Spitalfields bakery and revealed which stores and concessions are to close.

Patisserie Holdings enters administration

Patisserie Valerie owner Patisserie Holdings has entered administration after failing to secure financing.

BBF eyes growth after securing £40m funding

Cakes and desserts business BBF is planning to invest in its manufacturing facilities having secured £40m funding from Wells Fargo Capital Finance (WFCF).

Patisserie Holdings loses another non-exec director

Financial expert Lee Ginsberg has resigned as non-executive director and deputy chairman at Patisserie Holdings.

Horler quits Patisserie Holdings non-exec role

Restaurant chain chief and hospitality industry expert James Horler has resigned as a non-executive director of Patisserie Holdings.

Premier appoints firms to tackle cyber crime threat

Mr Kipling owner Premier Foods has appointed security firms Cybereason and CDW to help protect its business from high-tech crime.

Greggs raises expected profit after strong Q4

Strong sales of mince pies and its Festive Bake have helped boost profit expectations at food-to-go business Greggs.

Record Christmas for grocery as sales rise £450m

Supermarkets clocked up a record £29.3bn in sales in the run-up to Christmas – up £450m on the previous year.

Kőnig Group acquires equipment firm Fortuna

German bakery equipment supplier Fortuna has been acquired out of insolvency by the Knig Group.

RGF sells R&W Scott and reports £9.1m loss

Real Good Food has sold jams and preserves business R&W Scott and reported a half-year loss before tax of £9.1m.

Unifiller Systems acquired by VMI owner Linxis Group

Depositing equipment supplier Unifiller Systems has been acquired by Linxis Group, owner of brands including VMI, Diosna and Shick Esteve.

Immigration white paper sparks staff shortage fears

Business will face a shortage of low-skilled staff under immigration proposals announced today, industry groups have warned.

Former Starbucks boss joins Patisserie Holdings

Patisserie Holdings has appointed former Starbucks boss Ryhs Iley as its commercial director.

Adelie Foods planning to close Kilmarnock factory

Adelie Foods is planning to close down its sandwich and food-to-go production site in Kilmarnock.

UK cake exports crash by almost £24m this year

Exports sales of cakes have fallen 12.5% in the first nine months of 2018 – a decline of £23.9m year on year.

Have you downloaded your Bakery Market Report yet?

British Baker’s Bakery Market Report is a unique snapshot of Britain’s retail bakery market, offering details of the ‘BB75’ – the country’s 75 largest bakery-focused operators – and much, much more.

Patisserie Holdings names interim financial officer

Patisserie Valerie owner Patisserie Holdings has appointed Nick Perrin as interim chief financial officer.

Greencore eyes ‘significant’ UK growth opportunities

Food-to-go giant Greencore has set its sights on “significant” growth through expansion and acquisition in the UK following the disposal of its US division.

Franchisee gets funding for more Tim Hortons sites

A franchise company has secured funding to open three drive-through Tim Hortons sites in Scotland.

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