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Finance

Speciality Breads to open new £3m bakery

Speciality Breads, the Margate-based wholesale bakery, is to open a new £3m bakery as it revealed it is seeing 30% year-on-year growth and is nearing a £6m turnover.

Tesco records drop in UK like-for-like sales

Supermarket giant Tesco saw its operating profit fall by nearly 55% to £354m in its first half, it revealed this morning.

Greggs reports Q3 LFL sales rise of nearly 5%

Greggs, the high street bakery retailer, said it planned to “deliver good growth for the year” – as it announced third-quarter like-for-like sales (LFLs) of 4.9%.

Staff turnover hits industry hard

Up to 17% of manufacturing and 24% of front-of-house staff leave their jobs every year, a new survey has claimed.

Carrier bag charge comes into force

From today English shoppers will have to pay 5p for plastic carrier bags at the checkout.

Supermarket white loaf price down nearly 5%

A loaf of supermarket white bread has fallen by 4.5% in year, according to new research.

Spanish artisan bakery opens second UK bakery

Spanish bakery Granier is to open a second UK site in Woolwich.

Starbucks franchisee secures expansion funds

Owner of the UK’s first Starbucks franchise Anil Patil has raised £10m to open 16 new sites.

Costa increases pay as new national minimum wage introduced

Costa Coffee has followed Starbucks in pledging to pay its staff more.

Sainsbury’s posts moderate sales growth

Sainsbury’s has revealed that total retail sales increased by 0.3% (excluding fuel) for the 16 weeks to 26 September 2015.

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