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Finance

Sayers sales and profits fall in ‘challenging’ year

Consumer uncertainty following the Brexit referendum made for a challenging financial year, Sayers the Bakers has reported.

Real Good Food raises prices as cost increases hit margins

Renshaw and Haydens owner Real Good Food has raised prices as its margins come under pressure from commodity price hikes.

Food-to-go drives 9.1% like-for-like sales growth at Greencore

Strong food-to-go sales have driven a 9.1% increase in like-for-like revenue at Greencore Group in the 13 weeks to 30 December 2016.

Tesco and Booker to merge in £3.7bn deal

Tesco and wholesaler Booker Group – which includes the Premier, Londis and Budgens symbol groups – are merging to create “the UK's leading food business”.

Mystery suitor makes move to acquire Fox’s Biscuits from 2 Sisters

An unnamed business has made an approach to acquire Fox’s Biscuits.

Greggs trading update: Food-to-go continuing to drive growth

Greggs says its “growing strength” in food-to-go has contributed to a 4.2% hike in like-for-like sales through its company-managed stores in the past year.

Irwin & Sons back in profit

Northern Ireland-based bakery Irwin & Sons returned to profit in 2016 after reporting a loss the previous year.

Pieminister sales up 17% year on year

Growth in its own retail outlets has driven a strong performance by Bristol-based pie chain Pieminister in the past year.

Samworth acquires West Cornwall Pasty Company

Ginsters owner Samworth Brothers has acquired West Cornwall Pasty Co (WCPC) from private equity investor Endless LLP, British Baker has learned. 

Boparan prepares for ‘one of our toughest years’

Boparan Holdings, parent company of Holland’s Pies and Fox’s Biscuits owner 2 Sisters Food Group, has reported an 11.9% rise in operating profit to £19.8m in the 13 weeks to 29 October.

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