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Finance

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. 

FDF
UK food and drink enjoy global demand

UK food and non-alcoholic drink exports have almost doubled in value over the past 10 years, growing 2.6% in 2014 to £12.8bn. 

Starbucks
Starbucks reveals five-year growth strategy

Coffee giant Starbucks yesterday outlined a major seven-stage plan for the brand, including growing the number of stores from 22,000 to 30,000 worldwide, with a particular focus on China and on tea. 

BB's Coffee & Muffins
BB’s Coffee & Muffins chain sold

The BB’s Coffee & Muffins chain has been bought by private equity company Brentwood Investments for a sum rumoured to be around €10m (£7.1m). 

Aryzta
Aryzta sees demand for bakery in half-year results

Swiss bakery specialist Aryzta has announced a revenue increase of 17.2% to €1.86bn (£1.33bn) in its food group for the six months to 31 January 2015. 

‘Radical’ review of business rates launched

The UK Treasury has launched its largest review of business rates in the UK in ‘a generation’, a move that will affect 1.8m properties in England which currently pay the tax. 

Wafflemeister
Waffle retailer reveals plans for expansion

Belgian waffle specialist Wafflemeister plans to double its UK sites in 2015 and reach £5m in revenue by year-end. 

Waitrose
Investment curbs Waitrose profits, despite sales rise

Waitrose has posted an increase in gross sales of 6.5% to £6.51bn in its unaudited results for the 53 weeks ending 31 January 2015. 

Private equity firm snaps up Adelie Foods

Food-to-go giant Adelie Foods has been acquired by the European arm of global private equity firm, H.I.G Capital.

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