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Finance

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.

Top investor Buffet admits "mistake" on Tesco

Warren Buffett, renowned US investor and world’s third richest man has admitted that investing in Tesco was a “huge mistake.”

Clam’s Cakes set to hit £1m turnover

Handmade cake supplier Clam’s Cakes has predicted a turnover of £1m this year, after expanding into larger premises in Ebbw Vale, Wales.

Sale of major stake in NBPO collapses

The potential sale of nearly half of New Britain Palm Oil (NBPO) has fallen through, it has been announced.

Aldi profits boom

Aldi has announced a soar in profits after competitive prices attracted customers to the discounted supermarket.

Aryzta boosts revenue amid bakery investments

Swiss bakery group Aryzta has lifted European revenue, boosted by a reorganisation of its bakery and food solutions arm.

Patisserie Valerie accelerates expansion plans

Patisserie Valerie has said it is currently opening “a store every two to three weeks”, this comes after its stock market floatation plans prove successful. 

Grocery inflation low
Supermarket war continues as market reaches low

Competition within supermarkets has driven down grocery inflation to zero. 

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