All articles by Ed Devlin – Page 157
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NewsMedia Bites 19 April: Weetabix, snap election, House of Fraser
The £1.4bn acquisition of British cereal maker Weetabix by US firm Post Holdings generates significant column inches in today’s papers but was overshadowed by the calling of a surprise snap election.
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NewsCity snapshot: ABF scores Brexit boost from weak pound and higher sugar prices
The weak pound and higher sugar prices have boost sales and profits at ABF in the first half. Plus, Tesco sells opticians business to Vision Express, and Heineken updates on first quarter volumes, with UK down on Tesco delisting.
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NewsSurging pound leads to FTSE 100 sell-off after snap election surprise
The FTSE 100 plunged more than 180 points yesterday (or £46bn) to 7,147.50 points as PM Theresa May called a surprise snap election on 8 June
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NewsHundreds of redundancies at Pulse Packaging despite production restarting
More than 150 staff have lost their jobs at consumer goods packaging maker Pulse Flexible Packaging despite administrators recommencing manufacturing at the firm’s two sites.
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NewsVolatile day for sterling as PM calls snap election
The surprise announcement is set to lead to a volatile day on the markets and for the pound.
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NewsLDC shows appetite for food deals with MBO at Hill Biscuits
Private equity firm LDC has backed the management buyout of custard creams and bourbons maker Hill Biscuits, in a deal valued at £10m to £15m, The Grocer can reveal.
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NewsAmplify files trademark lawsuit to stop US launch of Metcalfe's Skinny Popcorn
The US owners of Tyrrells and Metcalfe’s Skinny are facing a court battle over their rival popcorn brands
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NewsWhitworths sale will mean private equity investor takes a bath
With Whitworths up for sale, its private equity owner is set to take a bath on its investment
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NewsLDC closes in on £100m-plus deal for pork supplier Addo
Private equity house LDC is closing in on a takeover of pork pie supplier Addo Food Group to add another food business to its portfolio
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NewsBrewDog crowded out as private equity snaps up 22% stake
BrewDog – which swore it would never ‘sell out’ to institutional investors – has sold a 22% stake to a US PE house
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NewsIcelandic Seachill to be put up for sale 'within weeks'
Seachill is currently the last remaining food business within the Icelandic Group
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NewsBonds owner Innovative Bites swoops for Hancocks in £100m deal
American food wholesaler Innovative Bites has swooped to add Hancocks Cash & Carry to its growing confectionery empire in a deal worth about £100m, The Grocer can reveal.
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Analysis & FeaturesTesco results: what the analysts say
Tesco’s UK-like-for-like sales were up 0.9% in the year – its first reported full-year growth for seven years. Here’s how analysts have reacted
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NewsFood sales increase in March thanks to inflation but hopes rest on Easter
Food retailers managed to record growth in March but the rise was mainly driven by inflation as the sector pins its hopes on a bumper Easter.
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NewsMedia Bites 11 April: Tesco, Mondelez, Tim Hortons, Whole Foods
It was a fairly quiet start to the week for the grocery/fmcg world in the papers ahead of the Easter break, but Tesco stays in the headlines as its fine for the accounting scandal is approved in court.
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NewsCity snapshot: Majestic Wine retail MD John Colley steps down
Majestic Wine MD John Colley is leaving the wine retailer a little more than 18 months after joining to take a new role closer to his young children in the South of England
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NewsCity snapshot: BrewDog sells 22% to US PE firm for £213m
BrewDog has offloaded a 22% stake to a US private equity house in a deal valuing the craft brewer £1bn.
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NewsMedia Bites 10 April: Tesco, Unilever, BrewDog, ABF, McCormick/Reckitt
Tesco gets some heavy coverage this weekend ahead of its latest annual results on Wednesday. Plus, Unilever continues to generate interest from the papers; and BrewDog sells a 22% stake to a US private equity house for £213m, valuing the brewer at £1bn.
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NewsUnilever 'Sprexit' and strategic review: what the analysts say
The results of Unilever’s much-anticipated strategic review didn’t come as a great surprise to the City, but what did the analysts make of the announcement.
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NewsAs Reckitt sells off food, KPMG predicts fresh wave of M&A activity
Reckitt Benckiser’s sell-off of its food division is “just the start of a wave of M&A activity for fmcg companies”.