Finance news – Page 150
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NewsTesco the 'most attractive' supermarket takeout opportunity for private equity
Tesco would make a better takeover target than Sainsbury’s but a £30bn price tag is likely to put private equity buyers off, according to analysts.
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NewsFood price hikes ‘likely’ in coming months: BRC
Rising costs continue to hammer suppliers and retailers, according to the latest industry data
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NewsMedia Bites 1 Sep: Inflation, Electric forecourts, Coffee supplies
UK shop prices rose last month in a sign that driver shortages and the costs of Brexit-induced red tape are beginning to hit household budgets
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NewsCity Snapshot: WH Smith sales rebound as lockdown ends but travel recovery still uncertain
WH Smith has performed better than expected as customer numbers at its travel sites and high street stores slowly recovered with Covid restrictions easing over the summer. Plus, the latest BRC-NielsenIQ shop price index, Pernod Ricard reveals full-year figures, and SSP Group updates on CEO succession search.
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NewsBBF expands bakery reach with acquisition of Sargents
Private equity-backed cake maker Bright Blue Foods has acquired Yorkshire bakery supplier Sargents for an undisclosed sum.
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NewsCity Snapshot: Sainsbury’s nears £200m banking arm sale
Sainsbury’s is reportedly in “advanced discussions” to sell off its banking arm to US private equity firm Centerbridge.
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NewsMedia Bites 31 August: Sainsbury’s, Morrisons, Asda, M&S, Mars
The papers were still filled with the takeover frenzy gripping the supermarket sector over the weekend.
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NewsCity News: Sainsbury’s shares soar as takeover speculation mounts
Takeover fever engulfed Sainsbury’s this week, as corporate raiders looking to the UK for cheap assets eyed up yet another supermarket
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NewsBurts sustains growth surge despite foodservice sales fall
Premium crisps brand Burts Snacks maintained its surging growth last year despite a collapse in foodservice sales
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NewsMedia Bites 27 Aug: Pig surplus, DS Smith, Food shortages
The UK’s pig producers have warned they are weeks away from culling healthy animals after labour shortages in abattoirs caused a backlog of 70,000 surplus animals on farms (The Financial Times £). Labour shortages at meat processing plants have resulted in a surplus of 70,000 pigs on ...
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NewsCity Snapshot: EG Group profits surge as Covid restrictions ease
Profits have returned to strong growth at forecourt giant EG Group as customer numbers recovered from the pandemic lows of a year ago.
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NewsBird & Blend flies past crowdfunding target ahead of retail store expansion
Bird & Blend Tea Co has flown past a £300k crowdfunding target in just two days as it looks to expand its retail estate further.
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NewsCity Snapshot: Delivery Hero revenues surge but losses edge upwards
German food delivery firm Delivery Hero posted surging sales in the first half of 2021, although its EBITDA losses remained at over €330m as it continued to invest in growth
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NewsMedia Bites 26 August: supply shortages, Morrisons, M&S
The papers are dominated by increasing worries about the supply chain shortage in the run-up to Christmas.
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NewsCD&R promises to 'fully safeguard' Morrisons’ pension schemes
Clayton, Dubilier & Rice has reaffirmed its commitment to safeguard the Morrisons’ pension schemes after trustees charged with protecting the funds called for further guarantees ahead of any private equity takeover.
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NewsMedia Bites 25 Aug: Morrisons, Asda, Just Eat
The £7bn US private equity takeover of Morrisons could “materially weaken” the security of its pension schemes, trustees have warned.
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NewsCity Snapshot: Morrisons pension trustees warn £7bn takeover could “materially weaken” schemes
The trustees of the pension schemes at Morrisons have warned that a private equity takeover could “materially weaken” the security of the funds unless further protections were agreed.
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NewsVitality acquired by Canada’s Yooma Wellness to grow CBD portfolio in the UK
Birmingham-based Vitality is one of the most widely stocked CBD brands in the UK
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NewsRevvies Energy Strips hits crowdfunding target to disrupt UK performance nutrition market
Performance nutrition challenger Revvies Energy Strips has closed a crowdfunding round having raised almost £170k to boost awareness of the brand in the UK and overseas.
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NewsCity Snapshot: UK supermarket sales rise as grocery shopping shifts back instore
Total till sales in the grocery sector bounced back to growth of 1.1% in the most recent four weeks as physical stores benefited from a 10% slump in online grocery sales.