Finance news – Page 126
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NewsMedia Bites 24 February: Boots, oil prices, inflation, Covid tests
Boots has given suitors until the end of today to table offers for the high street chemist. Plus, oil prices spike as Russia invades Ukraine.
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NewsKraft Heinz launches global plant-based joint venture
Kraft Heinz has created a new joint venture with food tech startup TheNotCompany to develop plant-based products
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NewsNutri-Genetix eyes US launch following £500k crowdfunding round
Personalised nutrition start-up Nutri-Genetix has returned to the crowd to raise almost £500k as part of a larger £1m round to help break into the US.
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NewsMedia Bites 23 Feb: UK vets, Farming, GSK/Haleon
The food and drink industry is demanding “urgent action” from the government to tackle a severe shortages of vets to process UK food exports
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NewsCity Snapshot: Danone enjoys strong end to 2021 but inflation squeezes margins
Danone has registered a strong end to its financial year as a recovery in bottled water and higher prices pushed up sales, but inflation squeezed margins.
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NewsGSK names health arm as Haleon ahead of spin-off
GlaxoSmithKline has announced it is on target to demerge its consumer healthcare arm, which will be called Haleon
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NewsRefresco snapped up by global PE firm KKR
Current owners PAI Partners and British Columbia Investment Management Corporation will retain a significant minority holding in the group
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NewsCity snapshot: THG denies supplier stock restrictions as share price plunges
THG has this morning denied media reports that key beauty suppliers are restricting stock over concerns around discounting, as market concerns again hit its share price. Plus trading updates from Coca-Cola HBC and McBride.
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NewsMedia Bites 22 Feburary: Asda, Farming, Food waste, Finsbury Food Group
Asda is facing potential disruption to supermarket deliveries after thousands of lorry drivers, warehouse staff and clerical workers voted to reject a pay offer.
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NewsYoplait sales fall back as it refocuses on kids’ business
Yogurt brand Yoplait UK saw a 7.5% drop in sales in the run-up to its sale back to Sodiaal amid a “challenging” period for the brand
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NewsAsda strike looms as warehouse staff reject pay offer
Asda offered base rate increases to warehouse and clerical staff ranging from 4.98% to 6.10% and 6.49% to 7.53% for transport staff
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NewsLivia’s rescued from administration after Covid struggles
Free-from snack brand Livia’s has been bought out of administration by investment firm S-Ventures after struggling to stay afloat throughout the pandemic.
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NewsCity Snapshot: Profits decline at Finsbury Food Group despite record sales as inflation hits
Pre-tax profits fell 9.2% to £11.9m in the six months to 25 December, with operating profits in the UK side of the business down 27% to £4.7m as it managed labour shortages and supply chain disruption.
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NewsMedia Bites 21 Feb: MFG, McDonald’s, Retail sales
An American investment giant is plotting a £5bn takeover of Motor Fuel Group, Britain’s biggest independent operator of petrol forecourts
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NewsKTC hires advisors to explore possible sale
Family-owned oils and canned produce specialist KTC Edibles is understood to have hired advisors to explore a possible sale of the business
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NewsTrewithen Dairy reports sales growth of 8% in latest results
The company, which supplies a range of Cornish dairy products, generated pre-tax profits of £1.6m in the 12 months to 30 April 2021
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NewsDr. Schär moves into bread with acquisition of GDR Food Technology
The deal gives Dr. Schär its first UK production plant and represents its first step in the fresh bread sector in the country, where it is already one of leading gluten-free brands.
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NewsWild raises £5m to grow plastic-free personal care portfolio
JamJar Investments, the VC fund helmed by the founders of Innocent Drinks, led the latest round.
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NewsMedia Bites 18 February: Nestlé, Reckitt Benckiser, Ocado
The papers take a closer look at full-year results for Nestlé and Reckitt Benckiser.
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NewsCity snapshot: Retail sales rebound in January as Omicron fears ease
Retail sales rebounded sharply in January as concerns over the Omicron Covid variant and associated restrictions eased