Finance

Weather hits sales growth and profit at Greggs

Footfall and costs at Greggs have been hit by the weather, with the business reporting a drop in profits.

Hot weather pushes feed wheat to five-year high

Wheat prices have continued to rise across the UK and Europe as a result of the hot, dry weather.

Premier Foods boss Gavin Darby re-elected as CEO

Gavin Darby has been re-elected as chief executive of Mr Kipling owner Premier Foods – although more than 40% of the vote went against him.

Mr Kipling turnaround drives Premier growth

A surge in sales of the previously ailing Mr Kipling brand has driven growth in Premier Foods’ revenue.

Freshpack to close after low margins deter buyers

Frozen pies and snacks manufacturer Freshpack is to close following an unsuccessful search for a buyer.

Air sector drives growth in SSP UK sales

SSP, which operates UK travel sites for brands including Starbucks and Upper Crust, has reported a 2.7% increase in like-for-like sales in its third quarter.

Finsbury Food Group fights 'unprecedented' cost hikes

Finsbury Food Group says it will deliver profits in line with expectations despite “unprecedented commodity and labour inflation”.

Prescot bakery in £30,000 crowdfunding push

An independent bakery in Prescot has raised almost £10,000 in 13 days as part of a £30,000 crowdfunding push to help expand its business.

AB Mauri completes Holgran / Fleming Howden acquisition deal

AB Mauri has acquired ingredients suppliers Holgran and Fleming Howden from Rank Hovis Milling.

Margins threatened by rise in wheat and butter costs

Bakers are facing continued increases in wheat prices as a result of the dry weather – as butter once again heads towards record highs.

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