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Warburton’s crumpet plant expands as baking giant continues its investment in Burnley

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1.4 million crumpets made every day at Warburton’s site

Two Warburtons crumpets on a plate

Warburtons makes hundreds of millions of crumpets a year(Image: Jess Flaherty/Liverpool ECHO)

Baking giant Warburtons has been given the go-ahead to start producing an industrial amount of an essential ingredient at its Billington Road factory, where two-thirds of the UK’s crumpets are produced every day.

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The new production capability is just one part of Warburtons’ large investment in its Burnley facilities, the main producer of sandwich thins, wraps, and crumpets for the UK’s largest baker.

This £100m nationwide investment in its manufacturing capacity was reaffirmed by the firm in May, just weeks after a fault on its potato cake line caused a massive fire that ripped through the facility.

It took two days and dozens of firefighters to put out this accidental blaze, which caused serious damage to a portion of the building, but left the important crumpet production area untouched.

1.4 million of these classic British breakfast staples fly out the door of the firm’s Burnley factory every day. That is almost 510 million over the 364 days the factory operates every year.

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But a key ingredient in producing the crumpets’ quintessential spongey structure, known as ‘cream yeast’, was previously having to be bought in. This living material feeds on the sugars in the mix and turns it into carbon dioxide, which creates the product’s bubbled texture.

However, after gaining planning permission from Burnley Council for the construction of a new bio-fermentation plant, Warburtons will now be able to produce vast quantities of this liquid yeast on site.

This is important as yeast is a living single cell microorganism, so transporting the ingredient to a factory inevitably causes it to become less effective and requires it to be less specialised for general sale.

But with these new fermentation tanks, Warburtons will be able to pipe its own specialised yeast straight into its manufacturing lines, or to its other factories.

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Warburtons on Billington Road, Burnley.

Warburtons on Billington Road, Burnley(Image: Google Maps)

Two 6.8 metre high steel fermentation tanks will form the centre of this new production compound, which is adjacent to the flour silo at the Billington Road site. This area will take over a portion of the car park, resulting in the loss of two spaces.

The new structure will help to boost the output of two new high-speed crumpet production lines at the facility that were announced in April, with Burnley-born yeast soon giving the baked product its distinctive bubbles.

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Altius Minerals Corporation (ALS:CA) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Company Participants

Flora Wood – VP of Investor Relations & Sustainability and Corporate Secretary
Stephanie Hussey – Chief Financial Officer
Brian Dalton – Co-Founder, CEO & Director
Ernie Ortiz Ortega – Co-Founder, President, CEO & Director

Conference Call Participants

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Shane Nagle – National Bank Financial, Inc., Research Division
Gabriel Chu
MacMurray Whale – ATB Cormark Capital Markets Inc., Research Division

Presentation

Operator

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Good morning, ladies and gentlemen, and welcome to the Altius Q2 2026 Financial Results Conference Call.

[Operator Instructions] This call is being recorded on Tuesday, August 11, 2026.

I would now like to turn the conference over to Flora Wood, VP of Investor Relations. Please go ahead.

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Flora Wood
VP of Investor Relations & Sustainability and Corporate Secretary

Thank you, Vincent. Good morning, everyone, and welcome to our Q2 2026 conference call.

Our press release and interim filings came out yesterday after the close and are available on our website. This event is being webcast live, and you’ll be able to access a replay of the call along with the presentation slides that have been added both to the home page in the Investors section of our website at altiusminerals.com.

Brian Dalton, CEO; and Stephanie Hussey, CFO, will speak on the call; and Ernie Ortiz, VP Corp Dev and Head of Lithium is also here as a resource for us in the Q&A.

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The forward-looking statement on Slide 2 applies to everything we say both in our formal remarks and during the Q&A session. And with that, Stephanie is up first to take us through the numbers.

Stephanie Hussey
Chief Financial Officer

Thank you, Flora, and good morning, everybody.

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Yesterday, we reported Q2 net earnings of CAD 8.6 million or CAD 0.16 per share, reflecting higher revenues and higher

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Watch: Cambridge United boss says housing costs deter players

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Cambridge United's director of football speaking at a fans' forum

Cambridge United’s director of football says the cost of property in the city is “an issue” when it comes to attracting players.

Mark Bonner made the comment at a fans’ forum ahead of the new season.

He was responding to a question about whether the cost of living in Cambridge, one of the most expensive places to live outside London, put off some potential new signings.

The U’s kick-off their League One campaign on Saturday when they host Wigan at the Cledara Abbey Stadium.

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Target appoints chief AI officer Chandhu Nair

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Target appoints chief AI officer Chandhu Nair

A Target logo is displayed on a sign outside of a department store on March 23, 2026 in San Diego, CA.

Kevin Carter | Getty Images News | Getty Images

Target announced it has appointed its first ever chief artificial intelligence officer on Tuesday in the retailer’s latest bet to capitalize on the AI boom.

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The company named Chandhu Nair as its chief AI officer and senior vice president and also announced Purvi Shah as the company’s senior vice president of user experience.

“The most meaningful AI stories won’t be about what happens in a lab,” Nair said in a statement. “They’ll be about what happens on the front line – how we make shopping easier for a guest, give a team member a better tool, make a business decision with more confidence or bring a new idea to market faster.”

Nair previously worked at home improvement retailer Lowe’s as the company’s senior vice president of stores, data, AI and innovation. He has also held roles at Staples and Gap.

In his statement, Nair said he’s focused on a “more coordinated approach” to AI for Target, including improving how the retailer manages inventory or enabling faster decisions.

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As it looks to win back shoppers and investors, the company has been investing in generative AI, including a tool called Target Trend Brain, which helps the retailer get ahead of trends and identify the styles, colors and materials that customers will be searching for. And last holiday season, Target launched a new conversational AI program to help customers find the right gift for the people on their shopping lists.

The Tuesday announcement comes as many major retailers have been racing to keep up with the AI boom and integrate it into their business strategies.

Target’s rival Walmart has been rolling out AI tools and agents across its stores and supply chains to enhance the customer experience and make its internal employee processes more efficient. Gap announced a partnership with Google‘s Gemini earlier this year, and Best Buy has collaborations in place with OpenAI and Google.

Retail company executives have been sizing up the AI transition and how it will evolve in the coming years. Former Walmart CEO Douglas McMillon told CNBC’s “Squawk Box” in December that he decided to hand over the reins of the global retailer to someone “faster” who could tap into the ways AI could accelerate the business. John Furner took over the post from McMillon in February.

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“About a year ago, I really started feeling like this next run, you could see what agentic commerce was going to look like, the vision for AI shopping, and I started thinking about everything that needs to happen over the next few years, and it really caused me to think that now was the right time [to step down],” McMillon said at the time.

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PepsiCo expands into refrigerated foods

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PepsiCo expands into refrigerated foods

The company is bringing its Alvalle brand into the US.

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Bicara Therapeutics Inc. (BCAX) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript