All articles by Ed Devlin – Page 139
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NewsCity snapshot: Tesco £3.7bn Booker takeover gets green light from CMA
The UK’s competition regulators are sensationally set to approve Tesco’s £3.7bn takeover of Booker, without imposing conditions such as a sell off hundreds of its stores. Plus, B&M boosts sales 22% in the first half and announces Sir Terry Leahy is to step down as chairman; Science in Sport has raised £15m in placing; and Kantar and Nielsen latest supermarket market share data.
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NewsTamdhu owner Ian Macleod secures £80m refinancing
Family owned whisky distiller Ian Macleod Distillers, which owns the Tamdhu, Glengoyne and Smokehead brands, has agreed an £80m refinancing to position the business for its next phase of growth.
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NewsDavison Canners wins retail listing for new desserts range
Northern Irish food manufacturer Davison Canners has won supermarket listings for a new range of desserts after securing a £3.1m bank finance package to move all its production in-house, creating 50 new jobs in the process.
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NewsBakkavor cuts valuation to get IPO away
Bakkavor this morning dramatically announced its aborted stock market listing was back on just a week on from pulling its initial flotation after lowering its valuation to get the deal away.
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NewsMoy Park reports 'strong' sales growth in Q3
Revenues at Northern Irish poultry producer Moy Park rose 11.3% to £392.6m in the third quarter on strong volume growth, favourable exchange rate movements and recovery of cost inflation.
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NewsPiccolo babyfood secures DSG £500k to fuel Far East growth
DSG Consumer Partners has invested £500,000 to support Piccolo’s growth ambitions in the UK and expansion outside Europe
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NewsSecond Bakkavor float 'must be sweetened'
Bakkavor will try to float again next year after pulling its London IPO at the 11th hour
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Comment & OpinionSainsbury's first-half results: what the analysts say
Sales at Sainsbury’s jumped 17% to £16.3bn in the first half thanks to the acquisition of Argos, but losses at the catalogue retailer, keeping prices down and the national living wage all dragged down the supermarket’s profits
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NewsMore customers than ever choose Sainsbury's but Argos losses drag on profits
Sales at Sainsbury’s jumped 17% to £16.3bn in the first half thanks to the acquisition of Argos, but losses at the catalogue retailer, keeping prices down and the national living wage all dragged down the supermarket’s profits.
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NewsMedia Bites 9 November: M&S, Tesco, Brexit, Christmas adverts
The spotlight falls on Marks & Spencer as the retailer generates acres of coverage after reporting its first half results. Plus, the Tesco trial continues.
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Comment & OpinionMarks & Spencer half year results: what the analysts say
Openings of Simply Food stores to be scaled back because of the ’increasingly tough trading environment’
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NewsMedia Bites 8 November: Fever-Tree, Imperial Brands, ABF, Nutella
Shares in Fever-Tree soar again as profits to beat expectations; Imperial Brands halts decline in sales volumes; Primark demand and sugar recovery fuel profits at ABF.
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NewsCity snapshot: M&S to slow food openings as profits squeezed by rising inflation
Profits crashed 18% at Marks & Spencer in the first half as its food margins were squeezed more than expected as the retailer absorbed inflation to remain competitive in the challenging grocery market. Plus, trading updates from Hilton Food Group and Kerry Group; third quarter results at Raisio and Ahold Delhaize; and C&C interim CFO given role on permanent basis
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NewsCoca-Cola European Partners Q3 sales decline despite demand for Coke Zero
Revenues Coca-Cola European Partners have fallen 1.5% to €3bn in the third quarter as the popularity of Coke Zero Sugar was not enough to make up for the decline of the trademark brands.
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NewsSomerdale profits decline as growth slows
Profits have declined at cheese exporter Somerdale International as growth slowed and currency and commodity price volatility hit the business.
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NewsCity snapshot: Profits expected to slide at Sainsbury's and M&S
Marks & Spencer and Sainsbury’s are both expected to reveal how tough trading conditions have weighed on their first-half profits later this week
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NewsMedia Bites 6 November: Nisa/Co-op, M&S, Sainsbury's, BrewDog
Nisa shopkeepers are plotting to block the £143m Co-op takeover, which faces a crucial membership vote this week, according to the weekend papers. Plus, the spotlight falls on M&S and Sainsbury’s ahead of results this week.
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NewsJaffa Cakes maker Pladis appoints former KP Snacks and Kraft exec as new UK MD
Jaffa Cakes and McVitie’s Digestives maker Pladis has appointed a new boss in the UK to take over from Jon Eggleton, who is leaving the company after 14 years to “pursue new opportunities”. Nick Bunker will take up the role of managing director for the UK & Ireland region from Monday.
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NewsTotal Produce swoops again in the US with acquisition of 50% of Fresh Connection
Listed fresh produce supplier Total Produce has acquired a 50% equity stake in California-based The Fresh Connection.
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NewsCity unmoved by an eighth consecutive quarter of like-for-like sales growth at Morrisons
Investors in supermarkets remain a tough bunch to please