Analyst forecasts record plant profits

first_imgPlant bakers are set to see record profits over the next year, top city analyst David Lang from Investec has predicted.Speaking at British Baker’s recent Baking Industry Sum-mit, he said Warburtons’ recent sales patterns have “been brilliant”, with British Bakeries not too far behind, and there have been great results from indepen-dent firms Roberts and Brace’s. Plant bread is already nearly three times as profitable for bakers and retailers as it was a decade ago, Mr Lang claimed, although millers have seen a slight drop in profitability. Over the years, there has been a shift in bread sales patterns, which have moved from the commodity end of the market to the premium branded one, improving profitability, added Mr Lang. Promotion still plays too big a part in the industry’s marketing mix, but there has been a welcome pick-up in long-term brand-building investment, he said. Mr Lang commented: “Plant bakers, have responded to better times, with innovative new product ranges, and have aligned themselves with health and wellness trends, by intro-ducing lines such as Best of Both, and Wholemeal & White.” Also, with Rathbone Kear back on an even keel and with a miniaturised Harvestime likely to follow, as well as higher returns expected almost everywhere else, all the signs are that 2005/6 will be a plant baking record, he predicted.“Back-o’-th’-fag-packet calculations suggest supermarket bread operating margins of nearly 20%,” he said. “So the bread department has been restored to rude health, and that’s ignoring the effect of fantastic sales velocity. “With discounts and over-riders of over 40%, retailers are making a bomb as well,” he suggested. And despite the fact that an already yawning private-label price gap has been stretched beyond breaking point, sales are still shifting to the brands, he said. “Consumers seem to want the reassurance that premium pricing brings,” he noted.The improvement comes despite all the low-priced bread still on the market and even with Allied Bakeries currently performing disappointingly, he told delegates.last_img read more

Economy bread slumps as grains and seeds see surge

first_imgEconomy bread sales declined by a dramatic 22.7% over the 12 months to July 2005, and now account for less than 2% of bread sales by value, says the new Warburtons Bakery Review 2005.The report, which is complied from AC Nielsen Scantrak data, suggests economy bread sales were worth £22.34 million over the period, down from £27.54m in the 52 weeks to the end of June 2004. Sales were also down by 11.5% in volume, with 103.35m units sold.The report also highlights a boom in sales of bread with grains and seeds over the period; sales were up by 35.6% to £102.88m.The total bread market was up by 3.6% in value but down by 0.2% in volume over the 12 months. It was worth £1.34bn, with 2.01bn units sold. The report suggests white bread accounted for two-thirds of sales, but declined by 1.3% in value over the period, while brown bread sales grew 12.1%. It also shows growth of 6.1% in organic bread sales to £18.67m.Warburtons also claimed brands under its umbrella have the largest market share of all the big brands. Its brands, including WeightWatchers, accounted for 26.6% of sales, up from 24.6% the year before, said the report.Meanwhile, British Bakeries’ Hovis brand had 23%, Allied Bakeries’ Kingsmill brand took 19.7%, private label 18.4% and other brands had 12.3%.The report also says War-burtons’ 800g White Toastie was Britain’s best-selling bread line, with sales of £69.8m, up 5.2%, followed by Hovis’ 800g Square Cut Medium at £67.9m, up 5.1%.last_img read more

Palm oil aimed at bakery

first_imgFats and oils supplier AAK, has introduced Akofluid sustainable palm oil to its product portfolio. It is designed to reduce waste, saturated fat usage and the impact on the environment. The firm has redeveloped its Akofluid Pumpable Shortening, which is a blend of rapeseed and palm oils, so that the palm oil content is now fully certified as being from sustainable sources.AAK says the brand also offers reduced waste packaging and handling costs, and helps meet the Food Standards Agency’s guidelines on saturated fat content.”Akofluid is a major step forward in the development of sustainable palm oil products for the food manufacturing industry,” said the firm. “Previously there has been no sustainable option providing the blend of oils required by most manufacturers of pastry and bakery products.”The product is designed for use in cake mixes and shortcrust pastry for pie and quiche bases, and contains only 15% saturated fat. The palm oil content is certified as sustainable in line with the rules of the Roundtable on Sustainable Palm Oil.last_img read more

Reporting In Pride, professionalism, personality, performance and profit

first_imgAlan ClarkeChief executive, Scottish BakersDuring my first month with Scottish Bakers, I have been on a major learning curve and have been really impressed with the pride that exists in the Scottish bakery sector.There has been much written about words beginning with P, with the 4 Ps of marketing: Product, Price, Place and Promotion, which have been further developed to make 7 Ps by adding, People, Process and Physical Evidence and yet more recent research integrating e-commerce has grown this to 11 Ps with the addition of Privacy, Personal Interest, Personal (social) Networks and Public Commentary for example, product/service ratings, and so on.In the current economic climate, bakers are having to re-examine their businesses through the eyes of their customers and, in the last month, I have been told several times that we know how to bake, but we need to focus on meeting customers’ needs.To do this, there is one magic ingredient that we cannot buy off the shelf and that is the professionalism and personality of our people; that can be the real competitive advantage customers are looking for when choosing to do business with us.This is exactly how I feel in my new role. In the months ahead we will listen to our members and identify how we can assist them to further develop their businesses. To meet their needs we will take pride in what we do, analyse our performance to determine where we can add value to the Scottish bakery sector and deliver high-quality services… with personality!last_img read more

Madness of college basketball watch party at Four Winds Field on March 19

first_img Madness of college basketball watch party at Four Winds Field on March 19 IndianaLocalMichiganNewsSports Pinterest Facebook Previous articleThe latest on the COVID-19 vaccination effort in IndianaNext articleMan sentenced after robbery of woman at South Bend 7-Eleven 95.3 MNCNews/Talk 95.3 Michiana’s News Channel is your breaking news and weather station for northern Indiana and southwestern Michigan. (Photo supplied/South Bend Cubs) (South Bend Cubs) Before baseball begins in the spring, the madness of college basketball heats up in March. The South Bend Cubs are hosting a VIP Basketball Watch Party on Friday, March 19 inside the Pepsi Stadium Club at Four Winds Field. Doors open at 11:30 a.m. ET and seating is limited.Attendees will be able to watch all the basketball action on twelve flat-screen TVs in a climate-controlled environment. The ticket also includes one 2-hour all-you-can-eat ballpark buffet that features hot dogs, hamburgers, chips, mac & cheese, cookies and soft drinks. Food will be served from 11:30 a.m. to 1:30 p.m. and again from 3:30 p.m. to 5:30 p.m. Guests will be able to partake in one of the two meals. Additional snacks will be available for purchase.In addition to ballpark favorites, the Stadium Club will have a full-service bar with 16 oz. domestic draft beer for $3.00 and 12 oz. mixed drinks for $5.00.Tickets are $20 and only 75 tickets will be available. Tickets can be purchased by calling the South Bend Cubs Box Office at (574) 235-9988. When ordering, please indicate which mealtime you will be attending. Tickets must be purchased in advance and will not be available day of the event.This event will follow the State of Indiana’s guidelines set by the CDC. Fans will be asked to keep at least six feet away from guests they do not know. Hand sanitizers will also be placed throughout the stadium club.As part of Governor Holcomb’s executive order, fans are required to wear a face mask in public spaces (indoor and outdoor) when 6 feet of physical distance cannot be maintained. When individuals are standing in line for concessions, drinks, bathrooms, or where people will need to congregate, a mask must be worn. Exceptions to this rule are those with a medical condition that prevents them from safely wearing a mask and any child 2 and younger. Once individuals are back within their families or in their seats, they can remove the mask. Google+ Twitter Google+ Facebook By 95.3 MNC – March 5, 2021 0 173 WhatsApp Pinterest WhatsApp Twitterlast_img read more

South Bend high school teams to honor Jackie Robinson

first_img Facebook Pinterest By Tommie Lee – April 13, 2021 0 186 WhatsApp Previous articleBobby “Slick” Leonard, Indiana basketball legend, dies at 88Next articleNotre Dame fans to stream Fighting Irish TV Tommie Lee (“baseball” by Sean Winters, CC BY-SA 2.0) Teams in the South Bend Community School Corporation will host celebrations honoring Jackie Robinson at their home fields in the coming week.High school baseball and softball teams will honor Robinson, the first African American to play in Major League Baseball when he took the field for Brooklyn on April 15 of 1947.The games will be open to the public with a ticket price of $4.20, honoring Robinson’s #42.The games will be played between the April 15-21. Twitter Twitter Google+ Google+ Pinterest South Bend high school teams to honor Jackie Robinson IndianaLocalNewsSouth Bend MarketSports WhatsApp Facebooklast_img read more

News story: Home Secretary launches Windrush compensation scheme call for evidence

first_imgTo ensure there is sufficient external assurance that the compensation scheme is effectively meeting the needs of those affected, the Home Secretary has committed to appointing an independent person to oversee the running of the scheme when it is in place. Martin Forde QC has now agreed to provide independent advice on the design of the scheme. He is himself the son of Windrush parents and brings a wealth of experience in public law.This is one of the range of measures that the government has announced. This has included setting up a new team to handle the cases of the Windrush generation and a lessons learned review, with independent oversight and challenge, to look at what happened, why and whether the right corrective measures are now in place.This morning the Home Secretary also met with high commissioners from the Caribbean to discuss Windrush. As part of a positive and wide-ranging discussion he made clear his commitment to working with them to reach the people who had been affected. The month-long call for evidence which was launched by the Home Secretary in a written ministerial statement today (May 10) is the first step to establishing the scheme for those who have suffered financial loss because of difficulties proving their immigration status.As part of this process the Home Office will be engaging with affected communities, enabling people to share their experiences with Home Office staff. People and community groups will also be able to submit written evidence.The call for evidence will run until 8 June. This will be followed by a full consultation on the detail of the scheme.Home Secretary Sajid Javid said: People of the Windrush generation have unfairly had the lives they have built in the UK turned upside down. That is not fair. If we are to design a compensation scheme that effectively addresses the issues these people have faced it is vital that we listen. To put things right we need to understand more about what happened and to understand the personal stories. That is exactly what today’s call for evidence is about.last_img read more

Press release: SSE/Npower merger provisionally cleared after in-depth review

first_img The proposed merger primarily relates to SSE Retail and Npower’s energy supply activities to domestic customers in GB. SSE plc’s other interests (for example in generation and distribution, and supply to business customers) are not included in the proposed merger. The CMA investigated the energy market in 2014-2016 and found many consumers and microbusinesses were paying more than they needed to. The CMA made recommendations to modernise and reform the market. These recommendations are being taken forward by Ofgem and will support consumers’ increasing engagement with the market. The CMA is the UK’s primary competition and consumer authority. It is an independent non-ministerial government department with responsibility for carrying out investigations into mergers, markets and the regulated industries and enforcing competition and consumer law. For CMA updates, follow us on Twitter, Facebook, and LinkedIn. The decision-maker on CMA Phase 2 inquiries like this one is the Inquiry Group. The appointed Inquiry Group is chosen from the CMA’s independent panel members who come from a variety of backgrounds, including economics, law, accountancy, business, and public/consumer policy. The membership of an inquiry group reflects a mix of expertise and experience. The CMA found that the number of people switching energy provider is the highest in a decade and the proportion on SVTs has fallen.However, as previously outlined in its energy market investigation, the CMA has found that those people who do not switch, for whatever reason, are usually on one of the large energy suppliers’ SVTs and pay higher prices. Therefore, the CMA carefully examined whether the merger would change how the large energy suppliers set these prices.The CMA has found: This merger investigation is into the proposed deal between SSE Retail and Npower. Any future energy mergers – if they qualify for CMA investigation – will be scrutinised in relation to the specifics of the case. Therefore, the merger is not expected to have a significant impact on SVT pricing.As part of its assessment, the CMA examined evidence from the six large energy suppliers; smaller suppliers; customer groups; and regulators. This included hearings with consumer groups and suppliers in Scotland where SSE has a large share of consumers. None of these raised substantive concerns about the effects of the merger on householders.The CMA now welcomes views and evidence on its provisional decision by 20 September 2018 before coming to a final view. The statutory deadline for the CMA’s final report is 22 October 2018.Further details are available on the investigation case page.Notes to editorscenter_img if SVT customers switch, they usually change to a cheaper, non-SVT, tariff the risk of losing customers as a result of an SVT price rise will not change with the merger evidence that few customers switch between SSE and Npower, instead preferring to move to other suppliers SSE and Npower do not compete closely on SVT prices It is vital that householders have a range of energy suppliers to choose from so they can find the best deal for them. With more than 70 energy companies out there, we have found that there is plenty of choice when people shop around. But many people don’t shop around for their energy. So, we carefully scrutinised this deal, in particular how it would impact people who pay the more expensive standard variable prices. Our analysis shows that the merger will not impact how SSE and Npower set their SVT prices because they are not close rivals for these customers. Looking ahead, Ofgem’s price cap is also expected to protect SVT customers. An inquiry group of independent Competition and Markets Authority (CMA) panel members has investigated how the merger would affect householders, following initial concerns about the potential impact on ‘standard variable tariffs’ (SVTs) – the most common and expensive energy tariff.As part of its in-depth review, the inquiry group has provisionally decided to clear the deal after finding that SSE and Npower do not compete closely on SVT prices.Anne Lambert, Chair of the Inquiry Group, said: SVT prices are mainly driven by changing wholesale costs Media enquiries to the CMA should be directed to [email protected] or 020 3738 6460.last_img read more

Press release: First UK-Ghana Business Council seeks to boost trade and investment

first_img Follow the Foreign Office on Instagram, YouTube and LinkedIn Ghana increasingly offers attractive investment opportunities for UK businesses, which in turn helps create jobs and advance economic development locally. Our governments are doing everything that we can to help make it easier for entrepreneurial businesses to trade and grow. Follow the Foreign Office on Twitter @foreignoffice and Facebook Foreign Office and DFID Minister Harriett Baldwin returned to Ghana to launch the UK-Ghana Business Council, which met for the first time in Accra on 14 October 2018. The Business Council, which will meet twice a year, brings both governments together to find ways to reduce barriers to trade and investment and create jobs.Minister Baldwin said: Follow Foreign Office Minister Harriett Baldwin @hbaldwin Email [email protected] Media enquiries For journalists The Minister co-chaired the Council with Vice-President Mahamudu Bawumia. The next Business Council will be held in London in December 2018.The Business Council introduces a two-day UK-Ghana investment summit which will see a delegation of UK businesses travelling to Ghana to discuss investment opportunities in sectors such as infrastructure, industry, and manufacturing with Ghanaian businesses. The Prime Minister’s Trade Envoy to Ghana Adam Afriyie and Trade and Export Promotion Minister Fairhead will also visit Ghana for the summit.These discussions signal a strengthened economic development partnership between the two countries, and are expected to lead to investment that will create jobs for both UK and Ghanaian businesses, and boost local economies.Ghanaian President Akufo-Addo, who will speak at the investment summit, has set out an ambitious vision to move Ghana beyond aid and transform the economy through industrialisation and infrastructure development creating thousands of jobs.During her visit, Minister Baldwin met His Majesty Nana Amoatia Ofori Payin, King of Akyem, and discussed trade and development priorities. She also visited Tema Port with Border Force, who work with the local authorities to improve their monitoring and interdiction of smuggled goods at border points, cracking down on smuggling gangs.Minister Baldwin last visited Ghana in August, immediately before joining the Prime Minister’s visit to Nigeria and Kenya. The Prime Minister travelled with a delegation of British businesses, with a focus on strengthening trade ties across the continent, where the UK is already the second largest investor.Further informationlast_img read more

Statement to Parliament: Home Secretary statement on the use of DNA evidence in immigration applications

first_imgAn internal review of the government’s policy on the use of DNA in immigration applications was commissioned in July 2018 and the report and findings were published today.Following the review, a taskforce and dedicated helpline have been set up so that anyone who feels that their immigration case may have been influenced by an inappropriate demand for DNA testing, can get advice and support.If you think you may have been affected, please email [email protected] Home Secretary’s statement to the House of CommonsWith permission Madame Deputy Speaker, I would like to make a statement on the use of DNA evidence in immigration applications.Many thousands of immigration applications are received every year which involve people applying to come to the UK or remain in the UK, on the basis of a family relationship with someone already here.If an individual does not have sufficient evidence to show that they are related to someone in the UK, they sometimes choose to do a DNA test to prove that relationship.Officials will then consider this evidence as part of their claim.Very often, this will be to the advantage of the applicant because it can help establish family relationships beyond doubt where the other available evidence is sometimes insufficient.However, the provision of DNA evidence must be entirely voluntary.At the end of June, it was brought to our attention that there were some immigration cases where the provision of DNA evidence had been made a requirement for issuing a visa or grant leave to remain, and it was not simply a request.Such demands are unacceptable.Today I want to take this opportunity to apologise to those who have been affected by this practice.The law in this context is that the provision of DNA evidence should always be voluntary and never mandatory.My predecessor made this absolutely clear when the changes were made that she brought in in 2014.Once we were made aware of the issue, we immediately commissioned an urgent internal review, which I am publishing today.Copies will be available in the House library.My RHF the Immigration Minister will also be writing today to the Home Affairs Select Committee outlining the key points of the review and of course providing a copy.The review covered the legal aspects of DNA use, policy and guidance, case working practice and correspondence with applicants, as well as oversight arrangements relating to the use of DNA.It outlines a number of areas in which guidance was unclear or wrong.It also outlines areas of operational practice where DNA evidence was improperly required and provides some initial information on the possible scale of the issue.The review makes a number of recommendations about how to address the root causes within the Border, Immigration and Citizenship system that led to the operational practice.However, this review is not a conclusion to the work.The numbers and the information in the report have been collected at pace and they still need to be fully assured that this is subject to change.Further work is needed to ascertain the full scope of the issue.But regardless of the numbers of people that have been affected – one case is still one too many.I am determined to get to the bottom of how and why in some cases, people could be compelled to supply DNA evidence in the first place.The majority of cases identified so far have been part of an Operation known as Operation Fugal, an operation which the report says started in April 2016 to address patterns of fraud in some specific family and human rights applications for immigration purposesLetters sent, as part of this operation incorrectly stated that the applicant must provide DNA evidence and that not providing such information without a reasonable excuse would lead to their application being refused on suitability grounds.It has been reported that 83 applications had been refused at the time of the writing of the report.Seven of these seem to have been refused on suitability grounds solely for the failure to provide DNA evidence.And a further six appear to have been refused on suitability grounds for failure to provide DNA evidence, but where that was not the sole reason.In addition to Operation Fugal, we have also identified improper approach to the use of DNA evidence in 2 further areas.The first relates to adult dependent relatives of Gurkhas.In January 2015, a scheme was expanded allowing adult dependent children of Gurkhas discharged before 1997, to settle in the UK.Guidance was published which stated that DNA evidence may be required, and that applications may be refused if that evidence was not provided without a reasonable excuse within 4 weeks.This published guidance was wrong and has now been updated.The report suggests that there were 51 cases identified where DNA was requested from applicants at their own cost.At the same time the report was written, we were aware of four cases from the same family unit, who had their application refused solely because they did not provide DNA evidence.These decisions have now been corrected.The second case relates to Afghan nationals.In 2013, applications from Afghan nationals formerly employed by the UK government to resettle in the UK were begun to be accepted.The terms of the scheme included mandatory DNA testing for family groups, paid for by the UK government.Current investigations suggest that no-one making an application under this scheme has been refused because they did not take a DNA test.Nonetheless, mandatory testing should not have been part of this scheme and this requirement has now been removed.Let me be clear, Madame Deputy SpeakerAcross our immigration system, no-one should have faced a demand to supply DNA evidence and no-one should have been penalised for not providing it.In particular, I would like extend my apologies to those Gurkhas and Afghans who have been affected.The two schemes I’ve described were put in place to help the families of those who have served to keep our country safe.And I am sorry that demands were made of them which never should have been.But I would like to reassure the House that I am taking action to correct this situation. Firstly, I have given clear instructions that officials must not seek DNA evidence on a mandatory basis in any immigration case.Secondly, I have set up a new taskforce so that anyone who feels that their case may have been influenced in any way by an inappropriate demand for DNA testing, so that they can get advice and support.Thirdly, we will also be looking to reimburse any individual who has suffered financial loss because we required DNA evidence when we shouldn’t have done so.Fourthly, we will continue to closely examine whether this approach might have been taken in any other part of the immigration system.What we know so far is that there are three cohorts that have been affected, but we must investigate to see if there are any more.I will be asking for independent assurance on everything we do as we establish the facts.And fifthly, I know that the immigration system is operated by many highly committed people……but we must make sure that the structures and processes that they use are fit for the modern world.And fit for the a immigration system we will be bringing in as we leave the European Union.So I will review the structures and processes more broadly that we have to ensure they can deliver a system in a way which is fair and humane.I will now consider what form that review will take.But my starting point for this is that it would be helpful to have independent oversight of said review.And that review will need to build on the lessons learnt from the Wendy Williams review also.And I will want Wendy to play a full part in this wider exercise.Madame Deputy Speaker I made it clear when I became Home Secretary that I will take any action necessary to put right wrongs or inconsistencies as and when I become aware of them.Today I want to promise you that I will get to the bottom of what has gone on in relation to DNA evidence.And I will build an immigration system which provides control but which is also fair, humane and fully compliant with the law.last_img read more