Sugar consumption guide set to halve in government's SACN report
16th Jul 2015 15:21
(ShareCast News) - Sugar producers and sweet food manufacturers are soon to be hit by a halving of the government's recommended sugar intake levels, according to reports. A report on carbohydrate consumption by the Scientific Advisory Committee on Nutrition (SACN), which advises Public Health Englan
Read moreFinsbury Food shares rise after strong forecasts
16th Jul 2015 09:22
(ShareCast News) - Shares in Finsbury Food rose after the company said in a trading statement it would beat expectations. At 0840 BST shares in the AIM listed baker were up 6.67% to 92.80p. Finsbury said it would outperform its current earnings and profit guidance. The baker said total sales lifted
Read moreFinsbury Food Group completes Johnstone's Just Desserts acqusition
16th Jun 2015 08:03
Bakery products manufacturer Finsbury Food Group has completed the acquisition of Johnstone's Just Desserts for an undisclosed amount. The London-listed company first unveiled plans to acquire the cake producer, which supplies a number of coffee chains in the UK, on 6 May, as part of its strategy to
Read moreFinsbury Food plans to buy Johnstone's Just Desserts
6th May 2015 10:40
Finsbury Food Group has revealed plans to acquire Johnstone's Just Desserts from administrators FRP Advisory, the company confirmed on Wednesday. The acquisition is part of its strategy to expand its presence in the coffee shop market. Finsbury Food said the move will save 150 jobs. The company add
Read moreSunday share tips: PZ Cussons, Finsbury Food Group
25th Jan 2015 18:29
Sell shares of PZ Cussons, Danny Fortson recommended in the Sunday Times. The maker of Imperial Leather soap has been hit by economic problems in Nigeria, its biggest market, and pressure applied to suppliers by the UK supermarkets. Cussons' Chief Executive Alex Kanellis will struggle to meet foreca
Read moreFinsbury Food sales rise, boosted by Disney's Frozen cakes
19th Jan 2015 11:56
Finsbury Food, the bread and cake baker, served up higher interim sales thanks to an especially strong performance from cake, a good Christmas period and a recovery in export markets. In the six months to 27 December sales of £107.6m were up 24% from the same period in 2013. On a like-for-like basi
Read moreFinsbury Food says hot cake sales boost first quarter
26th Nov 2014 10:31
Cakes and breads baker Finsbury Food Group reported a 3.9% increase in revenues, boosted by stronger sales in the first four months of its new financial year. In a statement at its annual general meeting, Finsbury Food said revenues grew to £57.3m during the period, as its UK bakery division grew 5%
Read moreFinsbury Food buys baker Fletchers for £56m
10th Oct 2014 07:55
Cake and bread maker Finsbury Food Group is buying baker Fletchers Group for about £56m in a deal funded by a £35m share placing. Finsbury said Fletchers, which produces morning goods and specialist bread products for leading UK grocery retailers and food service customers, would help it break into
Read moreFinsbury Food Group release flat financial results
22nd Sep 2014 09:01
Finsbury Food Group (FIF), a baked goods manufacturer, announced on Monday mediocre annual results due to a slight drop in year-on-year reported revenue. Revenue fell 0.5% to £175.7m in the year ended 28 June 2014, reflecting volatility in inflation of food. "Given our recent track record, one area
Read moreFinsbury Foods cooks up better-than-expected profits
17th Jul 2014 14:22
Cost-cutting, investment and extra marketing have helped cake and bread maker Finsbury Foods Group to predict forecast-busting annual profit and a higher dividend. Finsbury, which supplies own-label cakes to supermarkets and makes products for Thorntons, Weight Watchers and Nestlé, said it was like
Read moreFinsbury Food lifts half-year profit, slashes debt
24th Mar 2014 07:46
- Lifts half-year operating profit, reduces debt - Good progress in transitional year - Confident of future growth despite challenging markets AIM-listed bakery firm Finsbury Food reported improved operating profit for the first six months of its financial year and said it is confident of future gr
Read moreFinsbury Food expects profit growth but margins under pressure
24th Jan 2014 08:02
Finsbury Food, the AIM-listed bakery firm, said that it still expects to grow profits this year but warned that cost inflation was affecting margins. The cake and bread maker said that profits in its first half ended December 28th 2013 are expected to meet market expectations. Continuing first-hal
Read moreFinsbury Food announces departure of Lightbody FD
29th Nov 2013 08:20
Cake, bread and bakery goods group Finsbury Food has announced the 'departure' of board member Crawford Currie, effective immediately. Ahead of the firm's annual general meeting, Finsbury Food said that Currie would be leaving the board and his role as Finance Director of Lightbody Group, the baker
Read moreLondon pre-open: Gains expected after in-line Chinese data
15th Jul 2013 07:29
A broadly in-line set of economic figures from China provided stock markets in Asia with a small boost on Monday, with London's FTSE 100 expected to follow suit early on. As expected, the annual rate of Chinese economic growth slowed down in the second quarter, from 7.7% to 7.5%. This will come as
Read moreFinsbury Food sees profit ahead of forecasts, ups dividend
15th Jul 2013 07:19
Finsbury Food, the cake and bread maker, said profit expectations for the financial year ended June 2013 are significantly ahead of expectations and has recommended an increase in its final dividend. The improved expectations are due in part to two additional months Free From sales included between
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