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Finance

Carr’s Milling hails record profits

Carr’s Milling Industries has announced another year of record profits in 2013/14, with EBITDA up 9.1% to £20.4m.

Tate & Lyle
Tate & Lyle profits tumble

Ingredients manufacturer Tate & Lyle has announced a 40% fall in first-half adjusted pretax profit at the top end of its range. 

Barry Callebaut
Barry Callebaut sales volume up 11.8%

Swiss chocolate maker Barry Callebaut increased sales volume by 11.8% in the year to 31 August 2014, helped by the integration of the cocoa business acquired in June 2013. 

LFLs slump again, Morrisons insists it’s on track

Like-for-like sales suffered a 6.3% slump in the 13 weeks to 2 November 2014 at under pressure supermarket Morrisons.

M&S
M&S food shows strong sales growth

Marks and Spencer (M&S) food business has reported like-for-like sales are up 1%. 

ABF reports turnaround for ingredients division

Associated British Foods (ABF) has described its bakery ingredients business AB Mauri as making a “strong turnaround” in its year-end results.

United Biscuits
United Biscuits sold to Yildiz

The sale of United Biscuits (UB) to international biscuit manufacturer Yildiz Holding has been confirmed. 

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. 

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