All articles by Andrew Don – Page 22
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NewsMedia Bites 28 March: GSK, Tyson Foods, Walmart
Glaxosmithkline (GSK) has agreed to take full control of its consumer healthcare joint venture from Novartis. It will buy the remaining 36.5% stake in the business, whose brands include Panadol and Sensodyne, for £9.2bn. It will also launch a strategic review of its nutrition products, including Horlicks ...
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NewsCity Snapshot: Kerryfresh collapses due to cashflow issues
Fresh to Store, trading as Kerryfresh, has collapsed into administration, AG Barr sees strong profit growth, Diageo appoints Ursula Burns as interim executive chairman and the other news from the City
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NewsMedia Bites 27 March: Casino, Amazon, Conviviality
French supermarket giant Casino has signed a distribution deal with Amazon
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NewsKerryfresh calls in administrators after cashflow problems
Fresh to Store completed an MBO from Kerry Foods in February 2015
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NewsMedia Bites 26 March: Tesco, HoF, Whole Foods
The Confederation of British Industry chairs’ committee will nominate Tesco chairman John Allan as the next president
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NewsDairy Farm announces partnership with Robinsons Retail
Pan-Asian retail giant created from partnership between Dairy Farm and Robinsons Retail
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NewsHovis on the road to all-electric delivery vehicles
It has deployed two Fuso eCanter vehicles for an initial two years
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NewsMedia Bites 23 March: Unilever, ConAgra Brands, M&S
One of Unilever’s top-10 shareholders said it failed to consult UK investors over the implications of last week’s decision to establish a single legal base in Rotterdam
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NewsCity snapshot: Tyrrells tipped for private-equity return
City sources have tipped Tyrrells to return to private equity hands for the third time in a cut-price deal, Fever-Tree announced the sale of 3m shares at 2,750p a share and the rest of the news from the City
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NewsWing Yip suffers 30% drop in pre-tax profits
According to accounts filed at Companies House this week, pre-tax profits were down from £4.8m to £3.5m on turnover up 8.7…
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NewsUK retail sales return to growth in February
The rising cost of goods boosted retail sales in February according to the Office of National Statistics, with value sales growth significantly outpacing volume increases in purchases compared with the previous month.
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NewsBirds Eye owner Nomad more than doubles annual profits
Nomad Foods, owner of frozen food brands Birds Eye, Iglo and Findus, has reported “an outstanding year” during which it reported full-year organic revenue growth of 3.9%.
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NewsStuart Machin joins M&S in newly created role of MD of food
His appointment means Andy Adcock, director of food, will leave the company at the end of April
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NewsCo-op signs deal with Live Nation for summer festival stores
Onsite shops will sell more than 200 “essentials” at this year’s Download, Latitude, Reading & Leeds music festivals…
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NewsCity snapshot: Conviviality seeks £125m from investors to save the business
Conviviality has announced an equity placing to raise £125m in a bid to recapitalise the business – without which it said it was “unlikely” to be able to continue. Plus on a busy day in the City, Produce Investments back in profit, protein woes weigh on 2 Sisters, Reckitt pulls out of Pfizer talks and all the rest of the news from the City.
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NewsMedia Bites 22 March: Conviviality, Shell, Waitrose, General Mills
Conviviality, the company behind Bargain Booze and Wine rack, has mounted an emergency £125m fundraising in an attempt to save it from collapse.
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NewsEU green lights Bayer’s $66bn deal for Monsanto
The European Union has conditionally approved pharmaceutical behemoth Bayer’s $66bn (£47bn) takeover of agrochemical company Monsanto.
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NewsCity snapshot: Science in Sport revenues jump 28% to £15.6m
AIM-listed sports nutrition brand Science in Sport, which supplies Team Sky and Manchester United, has posted full-year revenues up 28% to £15.6m, though losses have deepened. Plus, Irish dairy giant Ornua has announced record revenues of €2.1bn for 2017, UK CPI falls to 2.7% and all the rest of the latest news from the City.
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NewsMedia Bites 21 March: Ocado, Fonterra, Amazon
Ocado could tap investors for more cash in the hunt for further international deals, while Fonterra’s chief executive Theo Spierings is to step down.
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NewsCity snapshot: Ocado growth hit by Beast from the East
Winter storms that caused widespread disruption during the final week of Ocado Group’s (OCDO) first quarter, reduced Ocado’s sales growth by almost one percentage point back to 11.7%. Plus, Imperial Brands disposes of US tobacco products and all the rest of the latest news from the City.