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Finsbury earnings rise, sales under pressureUK: Finsbury profit surges but sales under pressure

24 March 2014

Finsbury Food Group has booked an increase in first-half profits, which were boosted by the disposal of the group's free-from business and subsequent restructuring efforts.

just-food's review of 2013: the trends that shaped 2013 M&A

6 January 2014

M&A levels remained relatively subdued in 2013. Growing private-equity interest and something of a shift in capital flows to mature markets have been significant trends shaping the M&A landscape. While gaining routes-to-market in emerging economies has remained key for strategic buyers. Katy Askew examines some of the stand-out deals of the past 12 months.

UK: Free-from sale drives Finsbury FY earnings

23 September 2013

Finsbury Food Group, the UK baker, has more than doubled its full-year earnings, boosted by the sale of its free-from business earlier this year.

UK: Finsbury expects earnings ahead of forecast

15 July 2013

Finsbury Food Group, the UK baker, has said it expect profits to be "significantly" ahead of expectations for its full-year.

Editor's choice: the highlights on just-food last week

8 July 2013

The story of the week centred around China's probe into the alleged fixing of infant formula prices in China, an investigation that has taken in the likes of Nestle and Danone. Elsewhere, consumer goods giant PZ Cussons has decided to move further into food with its acquisition of Australian baby food business Rafferty's Garden. And our latest executive interviews included Australian free-from business Freedom Foods Group and UK baker Finsbury Food Group.

Interview: Finsbury CEO eyes growth in bread

1 July 2013

Earlier this year UK baker Finsbury Food Group offloaded its gluten-free bread business to venture partner Genius Foods. However, Finsbury, which makes cakes for brands under licence and for UK retailers, still sees potential in bread and today announced plans to significantly increase capacity. Michelle Russell spoke to CEO John Duffy.

UK: Finsbury to expand bread manufacturing facilities

1 July 2013

Finsbury Food Group, the UK baker, is expanding capacity at its bread site in Salisbury.

NETHERLANDS: Genius Foods makes Dutch debut

24 April 2013

UK gluten-free specialist Genius Foods has signed a supply deal for the Dutch market with online retailer Diepvriesmarkt.nl.

UK: Finsbury profit up, outlook positive

25 March 2013

Finsbury Food Group has said its outlook is now "stronger than ever", having booked a 33% increase in first-half profits.

Editor's choice: the highlights on just-food last week

4 March 2013

The fall-out from the horsemeat contamination continued last week, with Tesco outlining plans to shake up its supply chain and source meat from the UK. Elsewhere, UK free-from firm Genius Foods bought out venture partner Finsbury Food Group and, in the US, more buyers were found for Hostess Brands' assets. Click on the headlines for more.

just the answer - Genius Foods CEO Roz Cuschieri

1 March 2013

UK gluten-free specialist Genius Foods has experienced phenomenal growth since its inception three years ago. Genius has become a leader in the UK's fast-growing gluten-free sector and is set on expanding its presence still further. As part of this drive, it plans to buy out venture partner Finsbury Food Group. Michelle Russell spoke with Genius's CEO Roz Cuschieri.

Interview: UK baker Finsbury eyes M&A following free-from sale

28 February 2013

UK baker Finsbury Food Group has said it will look to make acquisitions following the disposal of its free-from business to Genius Foods.

UK: Genius acquires Finsbury free-from business

28 February 2013

UK gluten-free specialist Genius Foods has acquired Finsbury Food Group's free-from business in a GBP21m (US$31.8m) deal.

UK: Finsbury sales gains driven by free-from

23 January 2013

Finsbury Food Group booked an increase in first-half sales this morning (23 January), driven by a "strong" performance from its bread and free-from division.

UK: Finsbury sells shares to fuel cake investment

14 November 2012

Finsbury Food Group, the UK baker, has sold shares in the company to raise funds to invest in its cake business.

Quote, unquote: just-food's week in words

1 October 2012

Coles MD Ian McLeod's warning to suppliers into Australia's grocery sector was among last week's more notable soundbites.

UK: Record sales boost profits at cake firm Finsbury

24 September 2012

UK cake manufacturer Finsbury Food Group today (24 September) reported an increase in full-year profits after seeing sales exceed GBP200m (US$324.3m) for the first time.

UK: NPD, contract wins boost Finsbury FY sales

24 July 2012

UK cake maker Finsbury Food Group has seen its annual sales propelled by new product development and contract gains in the back half of last year.

UK: Finsbury optimistic after H1 results

26 March 2012

UK bakery firm Finsbury Food Group has insisted it is optimistic about its growth prospects despite a "tough" consumer environment and continuing cost inflation.

Quote, unquote: just-food's week in words

27 January 2012

The UK government this week launched a series of measures, drawn up with industry, to drive the food sector's growth overseas. The so-called export action plan came in the week that food and drink giant Princes announced a venture in Italy and UK confectioner Zetar opened its first sales office in Europe. Zetar's CEO outlined the company's Continental sales target to just-food and, in a further interview with a top executive, Spar International MD Dr Gordon Campbell told us about the symbol retailer's expansion plans in India.

UK: Finsbury H1 sales jump, warns on margins

23 January 2012

UK cake maker Finsbury Food Group today (23 January) revealed a 16% jump in half-year sales but said input costs was continuing to put pressure on margins.

UK: Costs hit Finsbury Food Group margins

24 November 2011

UK cake and bread manufacturer Finsbury Food Group has seen margins squeezed by input costs in the first four months of its financial year.

UK: Cost recovery vital despite profit rise - Finsbury

26 September 2011

UK cake maker Finsbury Food Group said today (26 September) that clawing back costs is "imperative" despite reporting an increase in annual profits.

UK: Finsbury FY sales up but margins under pressure

26 July 2011

Shares in Finsbury Food Group have jumped after the UK baker posted a near 13% increase in annual sales, although the company did admit margins were under pressure.

UK: Cake recovery boosts Finsbury earnings

23 March 2011

Improved sales from Finsbury Food Group's cake division boosted the UK firm's profits in the first six months of its financial year, the company said today (23 March).

UK: Genius, Vogel's brands boost Finsbury H1 sales

21 January 2011

UK cake maker Finsbury Food Group recorded an increase in first-half sales today (21 January), boosted by strong growth from the firm's Genius and Vogel's brands.

UK: Finsbury forms joint venture with Genius

23 December 2010

UK cake maker Finsbury Food Group has entered into a joint venture, through its United Central Bakeries and Livwell subsidiaries, with Genius Foods.

UK: Bread, free-from fires Finsbury sales

30 November 2010

Sales of bread and free-from products have boosted turnover at UK baker Finsbury Food Group.

UK: Genius Foods to launch GBP3m ad campaign

15 October 2010

Genius Foods is to launch what it claims is the first television advertisement for a gluten-free bakery brand in the UK.

just the facts - The gluten-free bakery sector

14 October 2010

UK baker Warburtons has revealed plans to launch a range of gluten-free products. As consumer diets and innovation changes, here we take a closer look at the gluten-free bakery sector.

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