Posted by Margaret Gerber on January 22nd, 2012
Cardiff headquartered cake to gluten free bread maker Finsbury Food Group has for the first time broken through the 100m turnover barrier for a six month trading period.
The company, which is listed on the Alternative Investment Market, also has its Memory Lane Cakes business in Cardiff, working on own-label cakes for retailers and Thorntons.
Its total workforce in Cardiff is 900.
The UK-wide company said that in the first half of its current financial year the six month period to the end of December, 2011 group revenues continued to grow significantly reaching 102m, passing the 100m six months milestone for the first time.
This represents organic growth of just over 14m and an increase of 16% compared with the previous year.
The group experienced growth across each of the Finsbury businesses. Both the UK cake and bread and Free From businesses saw strong growth of 10% and 8% respectively.
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Posted by William C on January 19th, 2012
It is the addictive email phone that became a must-have for high flying executives. But service outages and failure to keep up with the iPhone mean the BlackBerry’s popularity is waning and its creators have paid the price.
Mike Lazaridis and Jim Balsillie have stepped down from their roles as co-chief executives and co-chairs of Research in Motion, the Canadian company they brought to international prominence by inventing the first successful smart phone, years before Apple appeared on the telecoms stage.
Hoping to pacify investors horrified at the 88% decline in RIM’s share price since its $148 peak in June 2008, the board has named long-serving chief operating officer and former Siemens employee Thorsten Heins as chief executive.
“As with any company that has grown as fast as we have, there have been inevitable growing pains,” said Heins in a statement. Read Full Post…
Posted by James Campos on January 18th, 2012
Capital infusion supports Joyent’s provision of global cloud services to enterprises and service providers
Joyent, a global provider of cloud computing software and services, has announced it has completed an $85 million funding round, with European group Weather Investment II providing the majority of the round. Weather II was advised by Accelero Capital, an investment and management group. B
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Posted by James Campos on January 17th, 2012
I just spent the last six days on the road for work. I do not like business travel. Anything that takes me away from my family is not my first choice. Having said that, I get to do work that I truly love and enjoy so it makes it easer to crank thru the weekend and into the work week from the road. This trip caused me to learn and think a lot about what is going on in business, entrepreneurship, technology and the economy of America.
I’m inspired.
I started the trip in a small town in Southern Utah called Cedar City. Cedar City is a beautiful place. Many of you know it due to the proximity (about an hour away) to world famous Zions National Park and other great natural beauties that this part of the state has to offer. T
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Posted by Margaret Gerber on January 13th, 2012
Public education could contribute to Connecticut’s economy more than it already does, a prominent economist and the president of the University of Connecticut told an audience of 600 people at the annual Connecticut and Business Industry Association/MetroHartford Alliance economy summit.
UConn President Susan Herbst said there was a time when universities thought their economic contribution was as an employer and through spending by out-of-town parents on visits.
But now, she said, they understand that investments in science and engineering are major economic engines.
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Posted by Margaret Gerber on January 10th, 2012
It happens everyday. Well-prepared entrepreneurs are walking into the banks with brilliant business ideas backed by well developed business plans and are walking out empty-handed. Many of these professionals are ultimately able to obtain small business financing from private lenders, such as Tom McKenzie, through business capital brokers such as Lil Sawyer.
For individuals who do not want to give up a certain percentage ownership in the business as is often required by venture capitalists and deal with angel investors who may demand a board position or significant day-to-day control, the private lender may be a small business financing alternative worth considering.
On the whole, when it comes to small business financing, private lenders are looking for the same information and will conduct a similar due diligence as the banks to make a positive funding decision.
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Posted by William C on January 8th, 2012
THE Grange Hotel in York has launched a new short break package to coincide with new TV drama Eternal Law, the first episode of which was shown on ITV on Thursday.
The Eternal City Break, created by The Grange Hotel, on Bootham, aims to attract viewers who are expected to tune into the drama, by the writers of Life On Mars, in their millions.
It includes a one-day York Pass, which gives free admission to many of the attractions featured in Eternal Law, and an exclusive Locations Information Sheet, which highlights other films and TV series which have been shot in York.
Comments(23)
The Mc says…
9:44am Sat 7 Jan 12
And what a load of crap that programme turned out to be….. And what a load of crap that programme turned out to be….. The Mc
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pedalling paul says…
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