Archive of all Finsbury Food Group articles
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Analysis & FeaturesIs private ownership just what Finsbury Food needs?
Suitor DBay wants to build a bakery powerhouse through M&A
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NewsFinsbury Food Group renews M&A plans after private bid
Finsbury Food has signalled its intentions to pursue a renewed M&A buy-and-build strategy after receiving a £143.4m bid to take the bakery group private.
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NewsFinsbury Food Group recommends £143m takeover offer to shareholders
Listed bakery group Finsbury Food has agreed to a £143.4m takeover offer from Isle of Man-based asset management firm DBAY Advisors. Plus, food price inflation eases for fifth month in a row.
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NewsCity snapshot: Food price inflation slows from peak
A slowdown in the soaring rate of food prices and falling fuel prices have contributed to UK inflation dropping to its lowest level in more than a year, according to the latest data this morning. Plus, Finsbury Food Group announces record sales.
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NewsCity Snapshot: Finsbury Food Group ‘encouraged’ by double-digit first half growth
Finsbury Food Group has posted an ‘encouraging’ first half performance as pricing drove revenue growth and profits were flat as margins reduced due to cost inflation
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NewsFinsbury Food Group expands reach with Lees of Scotland acquisition
Specialist bakery Finsbury Food Group has acquired snowballs maker Lees of Scotland for £5.7m in cash
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NewsCity Snapshot: Profits decline at Finsbury Food Group despite record sales as inflation hits
Pre-tax profits fell 9.2% to £11.9m in the six months to 25 December, with operating profits in the UK side of the business down 27% to £4.7m as it managed labour shortages and supply chain disruption.
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NewsCity Snapshot: Finsbury Food Group shows signs of recovery from Covid
Bakery group Finsbury Food has boosted sales and profits as it adapted to the ongoing coronavirus pandemic and saw lost foodservice business begin to recover. Plus, Supermarket Income REIT has added six more supermarkets to its portfolio, and Ultimate Products has signed a license brand endorsement with Weight Watchers.
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NewsCity Snapshot: SSP Group chief executive Simon Smith quits Upper Crust owner
SSP Group chief executive Simon Smith has quit his role at the Upper Crust and Ritazza owner to pursue opportunities elsewhere. Plus, trading updates from Finsbury Food Group, Science in Sport and McBride.
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NewsCity snapshot: Finsbury Food suffers further decline as lockdown drags on
Finsbury Food Group has suffered further declines in sales and profits as the return of lockdown towards the end of 2020 halted the recovery of its foodservice business.
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NewsCity snapshot: Coronavirus outbreak takes a slice out of Finsbury profits
Sales and profits have slumped at Finsbury Food Group
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NewsFinsbury Food Group invests £1m in Kara doughball plant and freezer capacity
The funding came through Finsbury’s ongoing investment programme
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NewsCity Snapshot: Finsbury Food Group sales fall on coronavirus impact
The listed bakery manufacturer has guided for revenues in the year ended 27 June to be £306.3m, down from £315.3m last year
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NewsCity snapshot: Profits stabilise at Finsbury Food Group despite sales drop
Finsbury Food Group was back in profit in the first half of its financial year, though business closures meant headline revenues declined. Plus, ABF to shrug off sugar woes and post annual sales growth and all the rest of the latest news from the City.
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NewsGrain D’or closure hits profits at Finsbury Food Group
Bakery business Finsbury Food Group has reported a 65% drop in full year pre-tax profits as it was impacted by £12m in costs caused by the closure of its Grain D’or bakery business.
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Comment & OpinionFinsbury’s high hopes for Ultrapharm are rightly founded on rocketing free-from growth
Free-from bakery is booming, over the past year the market has grown 18% to £143.8m
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NewsCity snapshot: Finsbury Food Group acquires free-from bakery Ultrapharm
British bakery manufacturer Finsbury Food Group has expanded further into free-from trends by purchasing specialist bakery business Ultrapharm, Ocado bosses have sold more than £150m in shares, and this week’s City diary
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NewsAnnual sales dip 3.4% at Finsbury Food Group
Full year sales at baked goods manufacturer Finsbury Food Group (FIF) dropped 3.4% as it was impacted by bakery closures and declining overseas sales.
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NewsFinsbury Food Group back on the acquisition hunt after solid first half
Listed bakery business Finsbury Food Group is back on the acquisition hunt after a period of consolidation that saw first half like-for-like sales edge up 2.5% to £144.8m.
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NewsCity Snapshot: First half sales and profits up at Finsbury Food Group
Cakes and bakery goods supplier Finsbury Food Group has overcome “sustained market-wide headwinds” to post a rise in first half sales and profits.