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Finance

Premier Foods shares fall on sales warning

Shares in the embattled food group Premier Foods fell by nearly 10% after the company, which produces Mr Kipling cakes, said it had seen falling sales in its so-called ‘Power Brands’.

Second consecutive sales drop for Sainsbury’s

Supermarket giant Sainsbury’s has reported a second consecutive quarter of falling sales.

Associated British Foods buys Dorset Cereals

Allied Bakeries’ parent company Associated British Foods (ABF) is to buy UK premium cereal maker Dorset Cereals in a deal believed to be worth £50m.

Morrisons chairman to step down

The chairman of the under-fire supermarket chain Morrisons has announced he plans to step down.

Tesco sees further drop in sales

Tesco has reported falling sales in the third consecutive quarter as it suffers competition from leading discounters.

Bacheldre Watermill for sale for £1.4m

An award-winning watermill business, which supplies organic and traditional flours and bread mixes, has been placed on the market for £1.4m. 

EAT plans UK expansion

The private equity-backed sandwich chain EAT plans to expand beyond London – after securing a further £40m in funding.

Finsbury adds to sales and commerce roles

Finsbury Food Group has appointed Lawrence Trist and Graeme Clark to new roles in its cake business. 

David Wood expands with Creative purchase

David Wood Baking, the Leeds-based bakery wholesaler, has acquired the ready meals firm Creative Foods.

Ministry of Cake to add second site

Newly independent cake and dessert manufacturer Ministry of Cake plans to add a second UK site and double turnover in the next three to five years.

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