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UK bakery ingredients sector set to profit

The UK baking ingredients sector is well positioned to take advantage of an explosion in home baking, according to research from Mintel.

Weekly Comment

China: a victim of trade wars?

If the Chinese government gives in to mounting international pressure to revalue its currency, it could spell the end of cheap exports, a move that many anticipate would have a...

Cake sector shake-up as market leader could go private

The UK's second largest cake maker Inter Link Foods said yesterday its management were working with a private equity firm to broker a possible takeover of the company.

French biscuit sector set for shake-up

The French biscuit industry is set for a significant shift if a deal between two market leaders goes ahead.

Danisco announces ingredients shake-up

Changes to Danisco's ingredients division will lift the EBIT margin for the segment to above 15 per cent, according to the firm's announcement of Q1 2006/07 results.

Real Good Food profits dented by costs

Bakery buy-out business the Real Good Food Company (RGFC) has announced increased sales in its bread and cakes sector but said growth was affected by high energy costs and internal...

Premier bows out of biscuit bid

Premier Foods has dropped out of the bidding war over United Biscuits, leaving US equity firm Blackstone as the sole contender for the European snack giant.

Lotus buoyed by gingerbread brands

Belgium bread and cake maker Lotus Bakeries has recorded encouraging results in the first half, thanks to new brand strategy and the successful integration of a new business sector.

Organic snacking proves healthy for Glisten

The market for healthy, convenience snacking is going from strength to strength, according to UK snack group Glisten who posted encouraging preliminary results today.

Inter Link expect a merry Christmas

British bakery Inter Link Foods has blamed waning cake sales earlier this year on unfavourable weather conditions but reported an already strong market for the Christmas period.

Kraft biscuit buy goes ahead

US Food giant Kraft has completed its acquisition of United Biscuits' Iberian biscuit sector in a $1.07bn (€836m) deal that will increase its already-strong presence in Europe.

Biscuit battle gains momentum

The £1.7bn (€2.5bn) struggle to acquire British bakery group United Biscuits has intensified with US buyout firm Blackstone set to table a bid for the company at Thursday's auction.

Allied Bakeries invest in innovation

Irish bread maker, Allied Bakeries, has invested £6m (€8.88m) in facilities at one of its factories to allow for upcoming new product development.

EU set to bring 'super cereal' to supermarkets

The EU is funding an innovative new research programme that could see the introduction of a highly nutritional cereal within the bloc.

Bakery focus puts CSM back on track

CSM believes it is back on track after first half results revealed some strong improvement, breaking a three-year trend of declining results.

Ailing Northern Foods closes factory

Struggling bakery business Northern Foods has announced the closure of a major bakery in a cost-cutting move that will axe 690 jobs.

Werhahn snaps up ingredients maker

German bakery firm Werhahn has taken over British baking ingredients manufacturer GB Ingredients (GBI) in a bid to expand its reach into the international market.

Cereal Partners expand despite falling market

The UK division of Cereal Partners Worldwide which produces Nestlé cereal brands such as Shreddies, Cheerios and Fitnesse has announced plans for expansion.

Sara Lee looks to baked goods after financial setback

Despite set backs to its global expansion plans, the Sara Lee corporation has revealed that's its North American bakery division still remains profitable.

Honey Monster teams up with Big Bear

The iconic UK Sugar Puffs breakfast cereal - advertised by the product's signature character Honey Monster - is set to make a comeback as the brand is sold to the...

AWB warns drought may hit profits

Wheat and grain exporter AWB has reduced its profit forecasts in the face of drought and rising commodity costs.

Zetar profits healthy after snack purchase

Following its recent acquisition of snack manufacturing companies, Humdinger and Readifoods, food buyout company Zetar has announced growing profits for its second year of business.

ABF expands yeast extract capabilities

ABF Ingredients is expanding its yeast extracts and proteins manufacturing facilities in Europe and North America in order to tap growing demand.

CSM acquisition strengthens global bakery portfolio

CSM's $70 million acquisition of CGI Desserts, a supplier of thaw and serve bakery products, underlines again the firm's focus on the bakery market.

Steady results for Kraft

Global snack heavy weight Kraft Foods has reported steady results but figures show the impact of a year of change for the US based company.

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