Finsbury Food Group
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...
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...
| 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.
| 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).
| 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.
| 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.
| 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.
| 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.
| 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.
| 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.
| 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.
| 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.
| 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.
| 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.
| 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.
| 22 Sep 2014
UK cake maker Finsbury Food Group has booked a slight increase in annual profits despite posting lower sales.
| 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.
| 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.
| 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.
| 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.
| 15 Jul 2013
Finsbury Food Group, the UK baker, has said it expect profits to be "significantly" ahead of expectations for its full-year.
| 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.
| 1 Jul 2013
Finsbury Food Group, the UK baker, is expanding capacity at its bread site in Salisbury.
| 24 Apr 2013
UK gluten-free specialist Genius Foods has signed a supply deal for the Dutch market with online retailer Diepvriesmarkt.nl.
| 25 Mar 2013
Finsbury Food Group has said its outlook is now "stronger than ever", having booked a 33% increase in first-half profits.
| 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.
| 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.
| 23 Jan 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.
| 14 Nov 2012
Finsbury Food Group, the UK baker, has sold shares in the company to raise funds to invest in its cake business.
| 1 Oct 2012
Coles MD Ian McLeod's warning to suppliers into Australia's grocery sector was among last week's more notable soundbites.
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