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The battle among UK bakers

As the pressures of weak consumer spending continues and major UK retailers embark on a promotional war to win shoppers, the lowly loaf of b...

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

With spring in the air, food makers in Europe and the US seemed in buoyant mood this week. Finland’s Fazer Group claimed “more confidence” i...

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

Katy Askew | 6 Jan 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.

Finsbury focuses on cost cuts, marketing

Katy Askew | 23 Mar 2010

UK cake maker Finsbury Food Group has focused on improving efficiency in order to offset lower sales and higher costs, while also increasing its investment in product development and marketing, the group's MD and chief executive told just-food this afternoon (23 March).

Quote, unquote: just-food's week in words | 27 Nov 2009

With just a month left of 2009, our thoughts are turning to what shape the food industry landscape will take as we enter a new decade. This week, HJ Heinz, meat giant Tyson Foods and Russian dairy business Wimm-Bill-Dann all issues their prognosis for the economy and consumer confidence. Woolworths Ltd, Australia's largest retailer, claimed the country was in better shape than other economies around the world, while in an exclusive interview with just-food, Greencore boss Patrick Coveney detailed how the private-label group had navigated the downturn.

Quote, unquote: just-food's week in words | 2 Oct 2009

Unsurprisingly, Tesco, the UK's largest retailer has remained vocal in its opposition to plans for stronger checks on retail expansion, while Wal-Mart-owned Asda, its nearest rival in the country, has backed the proposals. Marks and Spencer, a UK retailer that suffered during the recession, struck an upbeat tone on its food business this week, while Finsbury Food Group, a key private-label bakery supplier, saw its shares slide after its profits slumped.

Latest Interviews

Interview: Finsbury CEO Duffy on Fletchers deal

Dean Best | 10 Oct 2014

Finsbury Food Group CEO John Duffy today (10 October) described the company's move to buy fellow UK bakery company Fletchers Group as "transformational", telling just-food the deal will help his business grow in a number of ways.

Interview: Finsbury CEO eyes growth in bread

Michelle Russell | 1 Jul 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.

Latest News

Food industry quotes of the week

Dean Best | 25 Sep 2015

Former Peanut Corporation of America CEO Stewart Parnell was this week sentenced to 28 years in jail over a fatal salmonella outbreak in the US seven years ago, prompting debate over how different outbreaks are viewed. In Russia, the country's deputy PM said Moscow would ban the use of GMOs in food production. And ConAgra Foods CEO Sean Connolly explained the company's approach to its brands after seeing some progress in recent weeks.

Finsbury Food Group posts FY profit, sales jump

Hannah Abdulla | 21 Sep 2015

UK cake maker Finsbury Food Group has pointed to more acquisitions and organic growth to drive its growth strategy after posting a jump in full-year profits and sales.

Finsbury launches Thorntons cake bites line

Hannah Abdulla | 9 Sep 2015

Finsbury Food Group has launched Thorntons Little Temptations, a line of cake bites, in the UK.

Food industry results in brief - Hilton, Beingmate

Katy Askew | 17 Jul 2015

Chinese food group Beingmate and Yurun Food this week issued profit warnings as the economic slowdown in the country takes its toll on food makers. In the UK, Hilton Food Group was hampered by the strength of sterling but, on a more upbeat note, UK cake maker Finsbury Food Group said it will "outperform" expectations. Here are this week's results in brief.

Finsbury buys Johnstone's Just Desserts

Katy Askew | 6 May 2015

UK cake maker Finsbury Food Group has entered into an agreement to acquire foodservice supplier Johnstone's Just Desserts from administrators FRP Advisory.

Finsbury Food Group H1 profits up

Hannah Abdulla | 23 Mar 2015

UK cake supplier Finsbury Food Group has announced an increase in half-year profits, helped by last year's acquisition of local peer Fletchers Bakery Group and by higher underlying sales.

Finsbury Food Group buoyed by Fletchers, Christmas

Dean Best | 21 Jan 2015

UK baker Finsbury Food Group has reported a jump in half-year revenue, helped by its acquisition of local peer Fletchers and by sales over Christmas.

Finsbury's UK cake sales offset overseas slide

Dean Best | 26 Nov 2014

Finsbury Food Group said today (26 November) a "strong" performance from its domestic cake business had boosted sales, offsetting falling revenues outside the UK.

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

Dean Best | 13 Oct 2014

just-food reported direct from the annual IGD industry convention in London this week, with a leading light in the grocery retail sector ruffling a few feathers with comments about manufacturers and retailers. Elsewhere, China's Bright Food made its latest deal in Europe, with the acquisition of Filippo Berio olive oil owner Salov and we interviewed the CEO of Finsbury Food Group after the UK baker announced a move for local peer Fletchers Group.

Finsbury to buy fellow UK baker Fletchers

Dean Best | 10 Oct 2014

Finsbury Food Group has struck a deal to buy fellow UK bakery company Fletchers Group from private-equity firm Vision Capital for GBP56m.

Finsbury profit edges up as sales slip

Katy Askew | 22 Sep 2014

UK cake maker Finsbury Food Group has booked a slight increase in annual profits despite posting lower sales.

Finsbury sees H2 sales rebound boost FY profit

Katy Askew | 17 Jul 2014

Finsbury Food Group expects to beat City expectations for annual profits thanks to an improvement in sales in the second half of the year and the impact of cost cuts.

Finsbury Food Group appoints Baker as chairman

Hannah Abdulla | 12 May 2014

UK cake maker Finsbury Food Group has appointed Peter Baker, a former executive at companies including Maple Leaf Foods and RHM, as its chairman.

Finsbury profit surges but sales under pressure

Katy Askew | 24 Mar 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.

Free-from sale drives Finsbury FY earnings

Michelle Russell | 23 Sep 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.

Finsbury expects earnings ahead of forecast

Michelle Russell | 15 Jul 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: highlights on just-food last week

Dean Best | 8 Jul 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.

Finsbury to expand bread manufacturing facilities

Michelle Russell | 1 Jul 2013

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

Genius Foods makes Dutch debut

Michelle Russell | 24 Apr 2013

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

Finsbury profit up, outlook positive

Katy Askew | 25 Mar 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: highlights on just-food last week

Dean Best | 4 Mar 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.

Genius acquires Finsbury free-from business

Michelle Russell | 28 Feb 2013

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

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