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Finance

ABF: earnings per share will miss targets

Associated British Foods (ABF), parent company of bakery brand Kingsmill, has warned that earnings per share will be lower than expected for its half year results, due out in April. 

Worst ever quarterly sales fall for Asda

Asda has seen sales fall 5.8% during the three months that include Christmas - its biggest quarterly sales fall on record.

Sainsbury’s leads the way by scrapping multi-buys

Sainsbury’s has become the first of the major supermarkets to commit to phasing out multi-buy deals, after mounting evidence that shoppers find them confusing and misleading. 

Tower Bakery agrees deal to supply local Tesco stores

Perth-based Tower Bakery has agreed a deal to supply Tesco with traditional Scottish bakery treats.

Supermarket special offers to be banned?

Major supermarkets are under official investigation after it emerged that questionable special offers encouraged shoppers to spend, not save.

Tate & Lyle on track for forecast profit

Tate & Lyle, the bakery ingredients supplier, said it expected full-year reported adjusted pre-tax profit to be "modestly below" last year’s full-year figures.

Bakkavor delivers strong ebitda growth despite revenue slump

Food manufacturer, Bakkavor, has seen adjusted UK ebitda grow 10% from £112.9m to £124.1m for the 52 weeks to 26 December.

Real Good Food acquires Chantilly for £1.75M

Frozen desserts supplier Chantilly Patisserie will be run as a trading division of Haydens Bakery, a wholly owned subsidiary of Real Good Food (RGF). 

Grocery market grows, with further success for discounters

The latest grocery share figures from Kantar Worldpanel showed the British grocery market returning to slow growth, after a disappointing Christmas period.

United Biscuits confirms national biscuit shortage

United Biscuits (UB), which owns the McVitie’s, Jacobs and Go Ahead brands, has admitted the flooding of its Carlisle factory has resulted in a nationwide shortage of its biscuits.

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