Category: wdgyl

Apollo Funds to invest €500m in Sazka and KKCG

first_imgThe investment is expected to complete in 2021. “This time around, the measures implemented by governments are more targeted, and we have the benefit of our experience of dealing with such circumstances as well as an enhanced digital offering.” Apollo Funds to invest €500m in Sazka and KKCG AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Finance Greece’s lockdown that began on 5 November meant the suspension of business activity for a number of sectors, including OPAP stores, PLAY gaming halls, street vendors distributing Hellenic Lotteries’ products and the horse racing facility at Markopoulo. Finance “Our business proved to be resilient during the first wave of Covid-19 as we benefited from our geographical diversification, multiple land-based and online sales channels and broad range of products, and management took mitigating steps to minimise the financial impact for our companies, our employees, and our partners through selective cost measures and selective participation in government support schemes,” Sazka Group chief executive Robert Chvatal said. The investment comes after Apollo looked set to compete for Wiliam Hill, having put forward a proposal to acquire the bookmaker in September. “Our business is entering into a new era and this investment and strategic partnership will support our long-term expansion plans,” KKCG founder and Sazka Group chairman Karel Komárek said. Private equity giant Apollo Global Management has brokered a deal to invest €500m (£448.1m/$591.8m) in Sazka Group and KKCG, the investment body behind the pan-European lottery and gaming giant. 10th November 2020 | By Robert Fletcher “In partnership with a strong US investor, Sazka Group is well positioned to expand in Europe, the US and other potential regions, continuing to focus on lottery and complementary gaming verticals.” Sakza said the same of its activities in the Czech Republic, where the government has limited free movement of citizens. Venues where Sazka’s products are sold remain largely open and, as such, Sazka said he impact of restrictions will only be minimal. Sazka said that most of the new funds would go towards acquisition and growth opportunities in Europe and North America, with a particular focus on lotteries. Caesars will seek buyers for William Hill’s non-US operations, once it completes the deal.center_img However, the William Hill board backed a rival bid from Caesars Entertainment, which has since agreed terms to acquire the operator last month. Though all of Sazka’s digital channels continue to operate without interruption, the business said its land-based retail networks have been affected by new restrictions and national lockdowns. The financial impact of these will largely depend on the duration of the outbreak and the extent and nature of the restrictions. In Austria, the government has introduced a curfew from 8pm to 6am, as well as a temporary ban on the operation of non-essential shops. However, Sazka said as its products are sold in some shops classed as essential, these measures have so far had a limited impact on the availability of Austrian Lotteries products. Upon closing of the investment, Sazka Entertainment will be the 100% owner of Sazka Group. Last month, Sazka announced that it would compete for the fourth UK National Lottery licence, and recently brought in Sir Keith Mills, who played a key role in London’s successful bid to host the 2012 Olympic and Paralympic Games, as bid chair. “I am convinced that the gaming industry is one of the most promising sectors for the future and Sazka Group aspires to be a global player in this sphere. In addition, the Italian government has put in place new measures for the period from 6 November to 3 December, but Sazka said the impact would be limited as LottoItalia will continue to operate, having been forced to suspend activities in the first lockdown. Meanwhile, Sazka has published an update the impact of the novel coronavirus (Covid-19) pandemic on its operations around Europe. OPAP’s gaming activities will continue to operate online and offer an extended range of products, but land-based activities will be limited. Apollo partner and European co-head of hybrid value, James Kim, added: “Sazka Group has a very successful track record of organic and inorganic growth and we believe this investment, coupled with our sector expertise and relationships, will help the management team achieve their strategic growth plans in Europe and around the globe.” Email Address Tags: Sazka Group Apollo Global Management Subscribe to the iGaming newsletter Subject to certain closing conditions, including regulatory approvals, the funds will be affected through an investment into Sazka Entertainment AG, a newly established, 100% wholly-owned subsidiary of KKCG.last_img read more

RWA-W vs BOT-W Dream11 Prediction, Fantasy Tips Kwibuka Women’s T20: Captain,…

first_img Fantasy Fantasy By Kunal Dhyani – June 6, 2021 TAGSKwibuka Women’s T20RWA-W vs BOT-W Dream11RWA-W vs BOT-W Dream11 PredictionRWA-W vs BOT-W Fantasy TipsRWA-W vs BOT-W LIVE SHARE Fantasy by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTreehuggerHow To Protect Yourself Against CyberthreatsTreehuggerWrestler Murder Case: Sushil Kumar spotted hitting victim with sticks in exclusive video; WatchShahid Afridi’s daughter Aqsa to marry Pakistan quick Shaheen AfridiRWA-W vs BOT-W Probable Playing 11sRwanda Women: Sarah Uwera (c), Cathia Uwamahoro, Gisele Ishimwe, Delphine Mukarurangwa, Sifa Ingabire, Marie Bimenyimana, Henriette Ishimwe, Immaculee Muhawenimana, Josiane Nyirankundineza, Margueritte Vumiliya, Belyse Murekatete.Botswana Women: Laura Mophakedi (c), Florence Samanyika (vc), Thapelo Modise, Jacqueline Kgang, Shameelah Mosweu, Botho Freeman, Botsogo Mpedi, Precious Modimo, Tuelo Shadrack, Amantle Mokgotlhe, Onneile Keitsemang.RWA-W vs BOT-W My Dream11 TeamWicketkeeper – Laura Mophakedi, Sarah UweraBatters – Cathia Uwamahoro, Florence Samanyika, Thapelo ModiseAll-rounders – Shameelah Mosweu, Marie Bimenyimana (VC), Henriette Ishimwe (C)Bowlers – Amantle Mokgotlhe, Belyse Murekatete, Tuelo Shadrack RELATED ARTICLESMORE FROM AUTHOR Fantasy Fantasy IND vs NZ Dream11 Prediction for World Test Championship Final- Fantasy Tips, Playing11 Captain Choices, 18 June Raid Shadow LegendsDon’t play this game if you are under 40 years oldRaid Shadow Legends|SponsoredSponsoredSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Ads|SponsoredSponsoredMoneyPailShe Was A Star, Now She Works In ScottsdaleNow she has a normal job.MoneyPail|SponsoredSponsoredTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallEnjoy farming, stock up and make friends. Taonga is a whole world full of adventure!Taonga: The Island Farm|SponsoredSponsoredFreight & Shipping Quotes | Search AdsResearch & Compare Freight & Shipping QuotesEnjoy Affordable Freight & Shipping Services With These Service ProvidersFreight & Shipping Quotes | Search Ads|SponsoredSponsoredYourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsored POR vs GER Dream11 Prediction for Euro 2020 Football Match – Fantasy Tips, Captain Choices, Starting11, 19 June Fantasy ITA vs WAL Dream11 Prediction for Euro 2020 Football Match – Fantasy Tips, Captain Choices, Playing11, 20 June DOHS vs PAR Dream11 Prediction for Dhaka T20 – Fantasy Tips, Captain Choices, Playing11, 20 June QUE vs KAR Dream11 Prediction for Super League T20 Match 29 – PSL 2021 Fantasy Tips, Captain Choices, Playing11, 19 June Fantasy center_img Facebook Twitter AL vs GGC Dream11 Prediction for Dhaka T20 – Fantasy Tips, Captain Choices, Playing11, 20 June MUL vs ISL Dream11 Prediction for Super League T20 Match 30 – PSL 2021 Fantasy Tips, Captain Choices, Playing11, 19 June Fantasy SUI vs TUR Dream11 Prediction for Euro 2020 Football Match – Fantasy Tips, Captain Choices, Playing11, 20 June Fantasy RWA-W vs BOT-W Dream11 Prediction, Fantasy Tips Kwibuka Women’s T20: Captain, Vice-captain, Playing 11s, LIVE at 1 PM IST June 6 Sunday RWA-W vs BOT-W Dream11 Prediction, Fantasy Tips Kwibuka Women’s T20: Captain, Vice-captain, Playing 11s, LIVE at 1 PM IST June 6 Sunday on InsidesportMatch DetailsKwibuka Women’s T20 – RWA-W vs BOT-WDate: 6/6/2021Time: 1 PM IST.Venue: Gahanga International Stadium. RWA-W vs BOT-W SquadsRwanda Women: Sarah Uwera (C) , Marie Bimenyimana, Diane Dusabemungu, Alice Ikuzwe, Flora Irakoze, Sifa Ingabire, Gisele Ishimwe, Henriette Ishimwe, Immaculee Muhawenimana, Delphine Mukarurangwa, Belyse Murekatete, Josiane Nyirankundineza, Cathia Uwamahoro, Margueritte Vumiliya.Botswana Women: Laura Mophakedi (C), Florence Samanyika (vc), Tebagano Ditshotlo, Botho Freeman, Onneile Keitsemang, Jacqueline Kgang, Bontle Madimabe, Precious Modimo, Thapelo Modise, Amantle Mokgotlhe, Collin Mokibel, Shameelah Mosweu, Tebogo Motlhabaphuti, Botsogo Mpedi, Tuelo Shadrack. Fantasy SPN vs POL Dream11 Prediction for Euro 2020 Football Match – Fantasy Tips, Captain Choices, Starting11, 20 June RWA-W vs BOT-W Dream11 Prediction, Fantasy Tips Kwibuka Women’s T20: Captain, Vice-captain, Playing 11s, LIVE at 1 PM IST June 6 Sunday on Insidesport Share on Facebook Tweet on Twitter MTD vs GOZ Dream11 Prediction for Match 24 – ECS T10 Malta – Fantasy Tips, Captain Choices, Playing11, 19 June Fantasy Previous articleICC WTC Final: With 3-day quarantine over, Team India begin preparations for World Test ChampionshipNext articleBattlegrounds PUBG Mobile India: How to Pre-Register? Get Link & Step by Step Guide Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products.last_img read more

Accent on youth reinvigorates Ireland

first_imgRunning at speed, creating space and attempting offloads to break down the usually watertight Argentine defence was impressive.  The Pumas struggled to get two hands on Ireland’s back three and the previously frustrated Irish backs had time to show their attacking verve.Jonathon Sexton enjoyed the time and space the lacklustre Puma defensive line-speed was offering. His passing was precise and slick and gave Zebo the opportunity to touch down for five points, but not before some fast footwork of his own led to Ireland’s second try.Happy days: Sexton congratulates BoweIt wasn’t all about the backs though as the Irish forwards played their part in making this a complete team performance – highlighted by Donnacha Ryan’s Man of the Match award.  The Munster man who made his debut in the same fixture four years ago, only got his first start during this year’s 6 Nations but now seems to have established himself as Ireland’s premier lock.Watching on Saturday it’s hard to believe how many regular starters Ireland were missing.  This series started under tehe cloud of an ever-growing injury list: Brian O’Driscoll, Paul O’Connell, Stephen Ferris, Sean O’Brien, Rob Kearney and Rory Best were all absentees.  Even the younger names there now seem like the old guard given the fresh faces in the starting XV. If their aches and pains aren’t keeping them awake at night then potential selection for the RBS 6 Nations certainly will.Ireland fans have had to wait a long time for a performance like that. One morale-boosting victory does not define a season (especially when Ireland only managed three wins from 10) but it is a mighty fine way to end it.  The players head back to their provinces buoyed by that display and excited at the prospect of the next training camp.  As for Declan Kidney, he can relax… at least until February when Ireland kick off their RBS 6 Nations campaign at the Millennium Stadium. LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Ireland’s Tommy Bowe celebrates with teammate Jonathan Sexton (R) after scoring a try against Argentina during the Autumn International rugby union match between Ireland and Argentina at the Aviva stadium in Dublin, Ireland on November 24, 2012. AFP PHOTO/ PETER MUHLY (Photo credit should read PETER MUHLY/AFP/Getty Images) center_img Irish eyes smiling: Gordon D’Arcy was full of running, but it was the youngsters who invigorated the Ireland sideBy Claire GlancyON 31st July 2010 a young Ulsterman scored the first try in a challenge match to mark the opening of the Aviva Stadium. Another reporter turned to me and said “Remember the name.  You’ll need it for pub quizzes for years to come.”If the same winger maintains the form displayed on his Ireland debut on Saturday, I don’t think many will forget his name in a hurry…Is it any wonder Craig Gilroy so looked relaxed from the first whistle?  His name is already etched into the history books at the Aviva Stadium and at 21-years-old, he’s fearless and confident enough to know he’s good. What’s changed is that everyone else knows it too. The secret is out.As he danced his way through the Argentine defence for the first try, Gilroy ignited an excitement on and off the pitch.  Within seconds of touching down he was swamped by team mates and every instance he got his hands on the ball after that the crowd erupted in anticipation, much like English and Welsh crowds, for Jason Robinson and Shane Williams in their pomp.Puma lift?: On Saturday Ireland reignedKidney said afterwards that the young recruits had brought an infectious enthusiasm to the training camp.  During his reign the Ireland Head Coach has been conservative in selection, erring on the side of caution, but injuries have forced a rethink across the park and on Saturday the new recruits repaid his faith, and then some.From the first to final whistle there was higher tempo in the Irish attack. And it seemed, that when they attacked, they scored with seven tries in all. There seemed to be more vitality in every aspect of Ireland’s game and the youthful members of the side played with style.Ireland deliberately switched play quickly down the blindside throughout the game allowing Gilroy, Simon Zebo and Tommy Bowe to cause problems at every stage. This tactic tore holes in the Puma’s defence and resulted in at least three of the tries.last_img read more

Flintridge Sacred Heart Academy Kicks Off the Year with New Family Social

first_img First Heatwave Expected Next Week On Sunday, August 18, Flintridge Sacred Heart Academy (FSHA) welcomed the Class of 2017 at the New Family Social. The theme was “Tolog Tropical Oasis,” which transformed the Student Activities Center into an island paradise with palm-frond centerpieces, scattered seashells and yards of blue tulle. While parents mingled, the new students cheerfully greeted one another—many of whom were middle-school friends reuniting after a long summer. Joining the day students were FSHA’s new boarding students, who had moved in earlier that day.After a program that featured remarks from President Sister Carolyn McCormack, O.P., Principal Sister Celeste Marie Botello, O.P., senior administrators, and parent volunteers, along with 9th-grade teacher introductions, families were treated to a buffet of burgers, pulled pork, cole slaw and potato salad. And once dinner finished, the new Tologs scooped up bags of candy and cookies from a dessert bar, then posed for pictures with playful ocean props. Excitement lingered long into the night, and these Tologs left ready to start the new school year.Flintridge Sacred Heart Academy (FSHA), 440 St. Katherine Drive,  La Cañada Fltrdg, (626) 685-8500 or visit Herbeauty9 Of The Best Family Friendly Dog BreedsHerbeautyHerbeautyHerbeautyJennifer Lopez And Alex Rodriguez’s Wedding DelayedHerbeautyHerbeautyHerbeauty7 Tips To Rejuvenate Winter Dry, Chapped LipsHerbeautyHerbeautyHerbeautyAmazing Sparks Of On-Screen Chemistry From The 90-sHerbeautyHerbeautyHerbeauty15 things only girls who live life to the maximum understandHerbeautyHerbeautyHerbeauty7 Reasons Why The Lost Kilos Are Regained AgainHerbeautyHerbeauty EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Community News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Subscribe Your email address will not be published. Required fields are marked * Community News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenacenter_img Make a comment Name (required)  Mail (required) (not be published)  Website  center column 3 Flintridge Sacred Heart Academy Kicks Off the Year with New Family Social Articles and Photos by FLINTRIDGE SACRED HEART ACADEMY Published on Friday, August 30, 2013 | 1:12 pm More Cool Stuff Business News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,PCC – EducationVirtual Schools PasadenaDarrell Done EducationHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes 11 recommended0 commentsShareShareTweetSharePin it Top of the News last_img read more

Neighborhood Community Service Day Helps Seniors with Home Repairs

first_imgCommunity News Neighborhood Community Service Day Helps Seniors with Home Repairs From STAFF REPORTS Published on Wednesday, May 25, 2016 | 3:35 pm First Heatwave Expected Next Week EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Make a comment Subscribe faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community News 3 recommended0 commentsShareShareTweetSharePin it Name (required)  Mail (required) (not be published)  Website  The Pasadena Friendship Community Development Corporation (PFCDC) sponsored its Neighborhood Community Service Day (CSD), Saturday, May 21, 2016. The PFCDC is a Pasadena based public benefit nonprofit corporation whose mission is to provide affordable housing and services for seniors and families-at-risk.Three (3) senior homeowners on West Hammond Street in Pasadena received free home repairs, trash hauling, broken windows replacement, landscaping and bright summer flowers as part of the day’s services.Councilman Tryon Hampton, District 1 kicked off the Day’s activities. Volunteers included the City of Pasadena Youth Ambassadors, John Muir High School Pep Squad, Chandlers School Students and parents, and The Men of Valor from Friendship Pasadena Church.Local businesses; ACE Hardware Altadena, Pasadena Nursery, Burkard Nurseries, Pasadena Interiors and Construction, and Greg the Printer all donated goods and services to make the day a success. Your email address will not be published. Required fields are marked *center_img Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Top of the News Community News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Business News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy HerbeautyCostume That Makes Actresses Beneath Practically UnrecognizableHerbeautyHerbeautyHerbeauty7 Things A Man Will Do Only If He Really Loves YouHerbeautyHerbeautyHerbeautyGained Back All The Weight You Lost?HerbeautyHerbeautyHerbeauty10 Vietnamese Stunners That Will Take Your Breath AwayHerbeautyHerbeautyHerbeauty8 Simple Steps To Catch Your Crush’s Eye On InstagramHerbeautyHerbeautyHerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeauty More Cool Stuff Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

Staff bear the brunt of corporate cost cutting

first_imgStaff bear the brunt of corporate cost cuttingOn 11 Jun 2002 in Personnel Today Comments are closed. Previous Article Next Article The economic downturn has forced most companies to slash staffing costs byinitiating measures including pay cuts, recruitment freezes and redundancies,according to a new survey. Research from Mercer shows that employers are feeling the bite of theeconomic slowdown, with 50 per cent losing revenue and 42 per cent reportinglower profits. The survey of more than 1,000 firms found that cutting labour costs was themain way of dealing with these losses. All recruitment activity was stopped by42 per cent and 31 per cent have made redundancies. According to the survey, 30 per cent of companies reduced the annual salaryincrease, 21 per cent introduced a wage freeze, and 8 per cent even imposedwage reductions on staff. Safarina Kardany, a senior researcher at Mercer, said the findings showedevents in the US had led to major cost cutting at companies across the world:”We were surprised that many of the cost-containment measures around theglobe have been just as stringent as in the US. This illustrates thefar-reaching impact of the US slowdown on the world economy,” she said. Companies have responded to the downturn by implementing a range ofcost-cutting initiatives, with 71 per cent introducing some sort of reductionscheme. Just over half have undertaken organisational restructuring while a thirdscaled down by either closing, shrinking or divesting their under-performingbusinesses. However, marketing initiatives seemed to be less affected by the slowdown,with only 9 per cent delaying new product launches or new market entries.However, the downturn did affect decisions to introduce new distribution andpricing schemes in 23 per cent of responses. By Ross Wigham Related posts:No related photos.last_img read more

Tenure-Track Professor/Associate Professor/Assistant Professor (several posts) in Marketing

first_imgApplications are invited for appointment as Tenure-TrackProfessor/Associate Professor/Assistant Professor (several posts)in Marketing in the Faculty of Business and Economics (Ref.:500543), to commence on July 1, 2021 or as soon as possiblethereafter, on a three-year fixed-term basis with the possibilityof renewal. The successful candidates with more experience andqualifications may be considered for direct tenure subject toapproval.The Faculty continues to progress as a leading business school inChina and Asia. A full range of Bachelor’s, Master’s, Doctoral,MBA, MBA (International) and EMBA degree programmes are offered.The research environment is amply supportive, active and highlyproductive with outputs published in premier internationaljournals, includingJMR, JCR, MarketingScienceandJM.The marketing team is a young and highlyprolific group with, currently, twelve professoriate staff.Information about the Faculty can be obtained from should have a Ph.D. degree, with preference given tothose with a research focus on quantitative marketing, marketingstrategy, or services marketing. Research excellence (i.e.published papers or papers in advanced stages in top-tier marketingor related journals) and strong teaching performance are expected.The appointees are expected to be committed to high-qualityscholarly research and teaching undergraduate and/or graduatemarketing courses. Enquiries about the posts (not applicationmaterials) should be directed to Professor Bennett Yim (e-mail:[email protected] ), Professor EchoWan (e-mail: [email protected] ), orProfessor David Tse (e-mail: [email protected] ).A highly competitive salary commensurate with qualifications andexperience will be offered, in addition to annual leave and medicalbenefits. At current rates, salaries tax does not exceed 15% ofgross income. The appointment will attract a contract-end gratuityand University contribution to a retirement benefits scheme,totaling up to 15% of basic salary. Housing benefits will beprovided as applicable.The University only accepts online application for the above posts.Applicants should apply online and upload an up-to-date C.V.,recent research papers and relevant teaching evaluations. Threeconfidential reference letters should be sent to Mr. Kevin Ng ofthe Faculty (e-mail: [email protected] ) directly by thereferees. Review of applications will start as soon as possible andcontinue until December 31, 2020 (extended to April 30,2021), or until the posts are filled, whichever isearlier.Advertised: Jun 24, 2020 (HK Time)Applications close: Apr 30, 2021 (HK Time)last_img read more

Compass on course

first_imgCatering giant Compass expects revenue growth to slow in the short term as a result of its efforts to tighten financial controls and generate higher margins.The group has continued to trade in line with expectations for the year to 30 September and hit its target of £50m in overhead savings.In a trading statement, ahead of the full year results annnouncement on 29 November, Compass said that the UK business was showing positive signs of stabilising and that it was confident of delivering a similar level of revenue and overall profitability to the previous year. It added that it had made particularly good progress in the education sector where it had helped deliver meals to the UK government’s new nutritional standards.Compass completed the deal to sell its railway station, airport and roadside catering division for £1.8bn in June. It sold its Moto motorway services chain to a consortium led by Australia’s Macquarie Bank, and offloaded its fast food brands – including Upper Crust, Whistlestop and Caffè Ritazza – to a private equity group.last_img read more

Greggs’ prices rising 4.5% as costs bite

first_imgRetail baker Greggs said this week that its prices were increasing 4.5% a year on an ongoing basis as ingredients’ costs mounted.The company, the UK’s number one bakery chain with 1,353 shops, said cost pressures arising from increases in the price of flour and dairy products have been mitigated to some extent by forward buying.But group managing director Sir Michael Darrington told British Baker that this would not prevent prices to customers continuing to increase, with protein commodity rises also expected. Greggs’ prices had risen 4.5% over the last year and were likely to rise that much, or even more in the next year.”Our robust performance to date encourages us to believe that current and anticipated cost increases will be recoverable from the marketplace,” he added.Favourable weather in August and September coupled with a positive response to Greggs’ latest TV advertising campaign have boosted sales, the company said in a trading update to 6 October.The group saw like-for-like sales up 5.9% in the first 16 weeks of the second half of its financial year, compared with the same period of 2006, it said. Operating profit was above the comparable period in 2006, where it saw “disappointing” flat like-for-like sales.A new Greggs’ bakery in Cambuslang, outisde Glasgow, intended to boost growth in Scotland, completed last week.last_img read more

Fine Lady sets its sights on the north

first_imgFine Lady Bakeries has announced plans to build a £20m bakery in Newton Heath, east Manchester.Planning permission has been submitted for the site, which would become Fine Lady’s northern base.Joe Street, managing director of the Banbury-based company, said the east Manchester location would offer excellent transport links both north and south. “We don’t want to anticipate the outcome of the planning application, but this is an exciting first step for us,” he said. “We see this as a long-term investment in east Manchester, creating jobs and other benefits for the local community.”If plans go ahead for the proposed site at Central Park, off Briscoe Lane, it could bring up to 250 jobs to the area.Fine Lady Bakeries produces a range of breads, rolls and fruited products, such as teacakes, which are supplied to leading supermarket chains, independent retailers, sandwich-makers and catering companies.last_img read more