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Finance

Macphie
Scottish ingredients firm enjoys rise in turnover

Independent bakery ingredients manufacturer Macphie has reported a 3.5% growth in turnover to £44.4m. 

‘Living wage’ rate raised by 20p

The UK “living wage” has been raised by 20p to £7.85 an hour.

Starbucks
Starbucks sees 5% LFL sales growth in Q4 with UK at forefront

Coffee giant Starbucks has reported a 5% rise in global like-for-like sales with a “particularly strong performance in the UK” in Q4. 

Independent panel gives thumbs-up to NBPO offer

A panel of independent advisors has described the potential £1.1bn takeover offer for New Britain Palm Oil (NBPO) as “fair and reasonable”.

Costa underlying profit up 20.5%

Costa Coffee, the Whitbread-owned chain, saw its first-half underlying profit increase by 20.5% to £52.4m, it revealed today.

Finsbury Food Group: we could buy again

Finsbury Food Group could acquire further businesses in its bid to grow and has predicted there will be further consolidation in the bakery sector in the next five to six years.

Finsbury and Fletchers: the build-up to the buy-out

Finsbury Food Group's acquisition of Fletchers Bakeries has shocked the industry today, creating a new £300m business. We look back at some of the key moves from the firms, that led up to today's buy-out. Below is an interactive timeline, click on the links to reveal the full stories. 

Finsbury acquires Fletchers for £56m

The private equity-owned Fletchers Group of Bakeries has been sold to Finsbury Food Group for £56m – a deal which will create one of the largest specialist bakery companies in the UK.

Update: NBPO 'welcomes' £1.1bn cash takeover

New Britain Palm Oil (NBPO) has welcomed a cash takeover bid of £1.1bn, subject to approval from shareholders, it has confirmed.

IGD forecasts continued change to retail landscape

Convenience, discount and online retailing are predicted to grow by more than £31bn in the next five years and claim 43% of the grocery market.

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