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Finance

Cake sales boost Premier, says analysts

Analysts have praised a ‘good uplift’ in the cake category at Premier Foods, while warning of potential delistings depending on actions of Tesco.

Irish ingredients firm celebrates 70 years with £750k spend

Andrew Ingredients has invested £750k in new facilities, which it will open in line with its 70 years of business celebrations.

CMA investigates Bako merger

The anticipated acquisition by Bako North Western of Bako Northern & Scotland is under investigation by the Competition and Markets Authority (CMA).

Costa Coffee
LFLs up 5% at Costa Coffee

Costa Coffee, the Whitbread-owned high street chain, saw like-for-like sales (LFLs) grow by 5% in the 13 weeks to 28 May 2015. 

Finsbury
Finsbury bolts on Scottish acquisition

Bakery giant Finsbury Food Group has today announced the completion of its acquisition of Johnstone’s Just Desserts (Johnstone’s), from administrator FRP Advisory. 

Worthing bakery opens first shop

Raise Bakery is to open its first retail shop in Hove this week, and will sell bread for the first time.

Morrisons drops Kingsmill 50/50 loaves

Allied Bakeries has suffered another blow to its Kingsmill brand, as British Baker can reveal Kingsmill 50/50 loaves have been dropped from Morrisons.

Sainsbury’s Q1 LFLs down

Sainsbury’s has seen like-for-like (LFL) sales down 2.1% for its first quarter, fighting what it calls “a highly competitive pricing backdrop.”

Paul UK
Paul reports big jump in turnover

Artisan bakery chain Paul UK has revealed EBITDA has climbed 19.2% to £4.3m for the year ended 31 December 2014. 

Food sales ‘normalising’ despite deflation

Total food sales grew 0.5% for the three months to May, according to the British Retail Consortium (BRC) sales monitor.

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