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Finance

Destiny Foods to triple storage with new warehouse

Destiny Foods, the Manchester-based foodservice patisserie firm and distributer, has bought a 30,000sq ft warehouse which it says will triple its storage capacity.

Greggs opens 100th franchise store

Greggs, the high street bakery, recently passed 100 franchise stores as it opened another partnership with fuel station forecourt manager Euro Garages.

Starbucks UK’s profits leap forwards

Starbucks UK has seen year-on-year pre-tax profits jump £32.2 million to reach £34.2m in the year to 27 September.

Coffee shops forecast to reach £15bn in next 10 years

Britain’s love affair with coffee looks set to continue with the UK coffee shop market expected to be worth over £15bn by 2025, according to the latest report from Allegra World Coffee Portal.

Macphie doubles profit in bullish year

Macphie, the Scottish-based bakery and food ingredients manufacturer, has seen profits and sales increase off the back of weaker dairy prices.

2 Sisters sees quarterly drop in sales and profits

Boparan Holdings – the owner of 2 Sisters Food Group, which runs Holland’s Pies and Fox’s Biscuits, saw sales slump by 3.5% to £778.3m in the three months to 31 October.

Recruitment firm urges flexibility ahead of Living Wage

The founder of a Glasgow-based recruitment agency for the food and drink and hospitality industries has warned that businesses need to adopt a “flexible labour mode” ahead of the National Living Wage (NLW).

Sainsbury’s bucks Big Four downward trend

Sainsbury’s was the only Big Four supermarket to show growth for the 12 weeks to 6 December 2015, up 1.2% to achieve a market share of 16.7%.

London bakery goes cashless

Sweet Things will be the first London eatery not to accept cash payments when it opens in Notting Hill on 4 January.

Double-digit revenue growth for The Bread Factory

The Bread Factory has reported another year of double-digit growth, with revenue up 25% from £36.1m to £45.1m.