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Finance

Waitrose sees strong festive sales

Like-for-like sales increased by 2.8% at supermarket Waitrose over the Christmas period – the sixth consecutive year it has outperformed the market.

ADM to sell global cocoa business to Olam

Archer Daniels Midland Company (ADM) is to sell its global cocoa business to Olam International, the global commodity processer and trader, for £830m ($1.8bn).

Real Good Food bullish despite profit drop

The ongoing dispute with a rival sugar company has continued to impact on Real Good Food’s (RGF’s) financial results, as the group showed a pre-tax profit loss of £5.2m.

Greggs’ shares soar on profits guidance

Shares in Greggs soared yesterday after the bakery retailer revealed that increased sales would mean better-than-expected profits.

UK coffee shops outperform retail

The UK coffee shop market is outperforming the UK retail sector, with significant sales growth of 10.7% on last year equating to £7.2 bn in turnover.

Premier Foods criticised over controversial supplier payments

Premier Foods, the company behind Mr Kipling cakes, has hit the headlines for asking suppliers to hand over money – or risk losing contracts.

Tesco-backed café sees financial loss

Coffee chain Harris + Hoole has made a pre-tax loss of £12.8m in its year-end results.

Aryzta reports European revenue rise for first quarter

Aryzta, the Swiss frozen bakery giant, has seen revenue up 7% for Food Europe to £320.1m (404.1m), in its first-quarter trading statement.

Three of Cheshunt Eight leave Tesco

Three of the suspended Tesco executives have reportedly left the company.

Finsbury Food Grouop
Finsbury bosses to benefit from share issue

The chief executive and finance director of Finsbury Food Group have been issued shares to the value of more than £146,000. 

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