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Finance

No-deal Brexit could wipe £5.4bn off eating out sector

No-deal Brexit could bring a sharp drop in consumer spending that would wipe billions off café and restaurant turnover, analysts have warned.

Food and drink sales at travel hubs, like Liverpool Street train station (pictured), are up by 11%
Travel hub food and drink sales up £280m

Brits have splashed out an extra £280m on food and drink at airports, motorway services, train stations and forecourts over the past year, according to the latest figures from The NPD Group.

Real Good Food extends loan repayment deadline

Real Good Food (RGF) has extended the repayment deadline for funding that it said had enabled it to continue trading following a financial crisis.

Greggs shop front
Greggs to boost investment as first-half sales soar 14.7%

Greggs has reported an “exceptional” six months of trading, with strong growth in both sales and profit.

Pastry rolled out with cut out shape of Scotland
Funding scheme for new bakery equipment launches

Details have been revealed of a new funding scheme to help bakers across Scotland buy or modernise equipment.

Packet of Linwood Bakery pancakes
Bakery in Armagh set to close with loss of 70 jobs

Health foods supplier Linwoods is planning to close its bakery in Armagh.

Front of Warrens Bakery retail outlet
Warrens Bakery jobs at risk under restructure plans

More than 60 jobs are under threat at Cornish business Warrens Bakery as it looks to boost efficiency.

Pladis CFO Sridhar Ramamurthy
Pladis hires former Unilever exec as new finance head

McVitie’s owner Pladis has hired a former Unilever stalwart as its chief financial officer (CFO).

Dragon Slices and Unicorn Fancies were added to the Mr Kipling range earlier this year
Mr Kipling sales up 10% as own-label cakes fall a third

Premier Food’s Mr Kipling brand is continuing to grow following last year’s relaunch, with sales up 10% in the past quarter.

Finsbury defies ‘malaise’ in confidence to grow 3.1%

New business wins, organic growth and cost recovery have helped drive Finsbury Food Group’s annual sales to £299.3m.

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