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Finance

Slight grocery price drop in August

Research from comparison website MySupermarket shows that a basket of popular supermarket items dropped slightly in August, two months after prices rose in June and July.

North American chain Tim Horton
Tim Horton’s to extend to UK market

Canadian and US restaurant chain Tim Horton’s will expand into the UK market after announcing a joint venture with a British investor.

West Cornwall Pasty Co continues profitable turnaround

West Cornwall Pasty Company has released its latest financial statement, with sales figures of £13m and underlying like-for-like sales increasing by 7.6% for the year ending 25 March 2016.

Hershey rejects Mondelez takeover bid

Mondelez International, owner of Cadbury, has had its latest £19bn takeover offer for US snack and confectionary manufacturer Hershey rejected and will now end its attempts to acquire the company.

Insomnia announces Blakemore & Son partnership to increase store numbers

Irish coffee shop chain Insomnia has announced a partnership with Spar petrol forecourt operator Blakemore & Son as it aims to increase its UK store count to 12 by the end of this year.

Tesco sells Euphorium Bakery

Tesco has agreed to sell its Euphorium Bakery business for an undisclosed sum.

Bread Factory and Gail’s bakery sales climb

The Bread Factory and Gail’s artisan bakery annual revenues are up by 41.5%, suggesting that UK consumers’ hunger for artisan bread shows no signs of dying out.

‘Bake Off’ effect hits Manchester

Greater Manchester has seen a 27% rise in specialist bakeries since The Great British Bake Off series first aired in 2010, according to the Office for National Statistics.

Asda suffers largest quarterly sales decline in history

Supermarket giant Asda has been hit with the biggest sales decline in its history, as like-for-like sales decreased by 7.5%.

Sugar tax popular with consumers, finds study

Nearly half (48%) of consumers agree with the sugar tax and a large proportion of them want more products, such as cakes and biscuits, to be added to it, according to market research firm Future Thinking.

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