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Finance

Marks & Spencer
M&S food enjoys ‘excellent’ Q4 sales

Marks & Spencer (M&S) delivered an “excellent” performance on food in its fourth quarter as food sales were up 3.7%. 

Tate & Lyle
Tate & Lyle investment results in higher net debt

Ingredients manufacturer Tate & Lyle reported net debt to be around £34m higher than expected, as group profit sank “modestly” in its year to 31 March. 

Barry Callebaut
Barry Callebaut outpaces chocolate market in latest results

Chocolate giant Barry Callebaut Group has outperformed the chocolate market in its half-year results. 

Napier Brown
Real Good Food in talks over sugar division

Real Good Food, owner of UK sugar distributor Napier Brown, is “in discussions regarding a transaction” regarding its sugar arm that would “strengthen its balance sheet”. 

Bakkavor
Bakkavör uses banking facility for early repayment of bond debt

Food manufacturer Bakkavör has agreed an extension and increase to its existing banking facilities, as well as a material reduction in the interest rate margin. 

Aryzta
Aryzta to take stake in French food retailer

Swiss bakery group Aryzta has entered into negotiations to acquire a 49% stake in Picard - a speciality French food retailer, owned by private equity group Lion Capital. 

Crepeaffair
Crepe firm reveals plans for new outlets

London-based Crepeaffair has just opened its 12th UK outlet as it strives for 15 in total by mid-summer as well as adding international sites and launching a ‘grab and go’ range. 

Kraft and Heinz merge to create food giant

Kraft Foods, parent company of Mondelez, has merged with H J Heinz, resulting in what has been called the fifth-largest food and drink company in the world.

Finsbury’s share price hits highest level in a year

Finsbury Food Group’s share price closed yesterday (23 March) almost 6% higher than on opening that day at 73.6p, up 5.9%.

Finsbury
Finsbury turns in positive revenue performance

UK bakery manufacturer Finsbury Food Group has posted group revenue up 24.1% to £107.6m following it's acquisition of Fletchers Group last year. 

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