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Finance

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.

Burton’s reveals growth plan following licence sale to Mondelēz

Burton’s Biscuit Company has unveiled its plans for expansion following the sale of its Cadbury biscuit licence to Mondelēz International.

Genesis Crafty bullish on exceeding £16m in sales

Northern Irish family bakery Genesis Crafty has said it is confident its 2016 turnover will exceed that of last year following a rise in sales to almost £16m in the year ending October 2015.

Mondelēz to complete Cadbury biscuit takeover

Mondelēz International has agreed to buy the global licence for Cadbury-branded biscuits from Burton’s Biscuit Company.

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