Maple Leaf UK rides out cost pressures

first_imgCanadian-owned Maple Leaf Foods has announced fourth-quarter results for 2007, which revealed an 11% increase in Bakery Product Group sales to $393m (£200m) up from $355m (£180m) in the last quarter of 2006.The group does not separate out the earnings of its UK divisions. In the past two years Maple Leaf has acquired five UK businesses: the Harvestime bakery in Walsall in 2006, Avance (UK) and the French Croissant Company in December 2006, La Fornaia in August 2007 and the Bernard Matthews bakery in Dunstable in November 2007.Adjusted operating earnings for the year rose 16% to $116.7m. Maple Leaf’s report said: “In the UK, the benefits of price increases were not sufficient to offset the impact of higher input costs and investments in promotion and advertising. However, these headwinds were offset by the positive contribution of acquisitions and organic growth in bagel and other speciality bakery categories.”The company expects to see continued growth in the speciality and bagel markets.Marketing and innovation director Guy Hall said the firm will launch new products in its New York Bagel range this year.Hall added: “The general sentiment would be that we’ve had stable economic conditions for 10 years but in the last 12-18 months it has been turned on its head. What the future holds we cannot say. We’re into choppy and uncertain waters. If we’ve got one overriding concern it’s the cost of price increases coming into the business.”Maple Leaf has negotiated price rises with its customers, including the major retailers, he added.last_img read more

Learning for the long haul of this pandemic

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,John Pembroke Since joining CUES in March 2013, John Pembroke has played a leadership role in developing and launching a new direction in CUES’ strategy, branding and culture. Under his guidance, CUES … Web: www.cues.org Details Many people thought the pandemic’s disruption would be short-lived. When many credit unions closed their branches this spring, few dreamed that reopening them would happen at a time when the number of virus cases in many states would be on the upswing. In all, it now seems like we may be operating in a world held hostage by the coronavirus for quite a bit longer.Out of necessity, everything digital is getting a boost. By popular demand, everything digital is getting better. Video meeting tools have vastly improved. Work-from-home capabilities have been fostered. And digital learning is also on the upswing in both quantity and quality.Institutions ranging from Harvard to local school districts are going all-online this fall. Other learning programs, including a great number of credit union events traditionally held in-person, are being offered virtually. While the in-person classroom experience is something people relish, online learning is an increasingly effective way for credit union executives and staff to learn what they need to know to move their credit unions forward. Online learning gives people a sense of accomplishment when other learning is impossible. We at CUES expect online learning to continue to be a greater percentage of all education in our industry even once COVID-19 is defeated. As a perk, online learning is uniquely trackable, giving HR managers and supervisors useful reports and ideas about next steps for team members’ learning than can be generated when learning is done in person.My staff and I would like nothing more than to see our members and other credit union industry leaders learning together in-person again. We’ll make that possible as soon as it safe to do so. But while the pandemic lingers, we’re pleased to be part of the effort to make online learning more readily available and more effective.As CUES VP of Membership Jimese Harkley, CUDE, J.D., explains in her most recent column, CUES is currently expanding its Elite Access Virtual Classroom offerings. These virtual courses include two coming up on how to lead differently and how to manage third-party data breaches. Each features a live presenter who can answer participants’ questions in real time, plus opportunities to work in small groups with others in the class. I benefitted from attending an Elite Access session on uncovering unconscious bias, which is now free to anyone. I hope to see you registered for a future course and welcome your feedback about your experience.last_img read more

Local Girls Raise Funds in Remembrance of Grandmother for Hospice of Michigan’s Upcoming 5k

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisThe Hospice of Michigan’s Walk and Remember 5k is just around the corner. This Saturday to be exact! But before participants take on the walk they have to enjoy some fresh lemonade.Come and get your lemonade! That’s what little Gracelyn Gohlke and her sister, Riley requested.In honor of the upcoming Hospice of Michigan’s Walk and Remember 5k run and in remembrance of their grandmother, Debbie Anschuetz the two granddaughters of Cliff Anscheuetz hosted their second ‘Nana Lemonade Stand’ to help raise funds for the event.Not only was lemonade and cookies on the menu, there were also drawings of butterflies too. Being raised in a house full of girls Golhke said there are important lessons she learned from her mother that she wants Grace and Riley to pass down to their own children.Mrs. Anschuetz died 7 years ago of ALS. Despite never getting the chance to actually meet her nana, little Gracelyn knows exactly where she lives today.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisContinue ReadingPrevious Art Vision Finally Coming to LifeNext What’s Trending for June 14last_img read more