Finance news – Page 151
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NewsMedia Bites 24 August: Sainsbury’s, Morrisons, Deliveroo/Boots, M&S
The papers are filled with the fallout from speculation at the weekend that Sainsbury’s is being circled by potential PE bidders.
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NewsSqueaky Bean to benefit from £5m Winterbotham Darby investment
The new 48,000 sq ft facility would boost its production and distribution capabilities and create more than 100 jobs, said Winterbotham Darby
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NewsMedia Bites 23 Aug: Sainsbury’s, Morrisons, M&S
Private equity giants are circling Sainsbury’s with a view to possibly launching bids of more than £7bn
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NewsCity Snapshot: Sainsbury’s shares rocket on takeover speculation
Shares in Sainsbury’s have ballooned more than 9% to a three-year high after speculation emerged in the weekend papers that the supermarket group was the next target of US private equity group.
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NewsSkinny Food Co on hunt for investor support to back international push
The Nottingham-based supplier has tasked PwC with exploring investment options
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NewsCity News: McBride issues major profit warning as costs mount
The private-label cleaning goods producer downgraded its full-year profit expectations by up to 65% on Thursday
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NewsEight Fifty Food Group sales and profits rose ahead of Sofina deal
Sales and profits soared at Eight Fifty Food Group in the run-up to the takeover by Canada’s Sofina Foods as the Karro and Young’s owner benefited from Covid-fuelled demand, a growing premium offering, access to China and efficiencies.
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NewsHeinz UK benefits from surging sales of its sauces and meals
The UK arm of Kraft Heinz saw surging sales of sauces and hot meals last year, as strong grocery trading during the coronavirus outbreak more than mitigated the loss of foodservice sales
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NewsMorrisons agrees deal with CD&R after raised £7bn bid
US private equity giant Clayton, Dubilier & Rice has moved into pole position in the bidding war for Morrisons, having agreed a new £7bn 285p per share deal for the supermarket.
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NewsCity snapshot: Morrisons agrees to new £7bn CD&R bid
US private equity giant Clayton, Dubilier & Rice has moved into pole position in the bidding war for Morrisons, having agreed a new £7bn 285p per share bid for the supermarket.
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NewsMedia Bites 20 Aug: Morrisons/CD&R, Amazon, McBride
Morrisons’ board switched its recommendation last night and backed a £7 billion takeover by Clayton Dubilier & Rice after the private equity firm trumped rival Fortress (The Times £). Clayton, Dubilier & Rice has increased its offer for Morrisons to 285p per share, in the latest round ...
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NewsPerkier to bulk up snack bar brand after smashing crowdfunding target
Founder Ann Perkins started the business following a long career in the food industry, including 12 years at Heinz Healthy snack bar start-up Perkier has beaten a £400k crowdfunding target in the first week of its campaign. The plant-based challenger brand has currently raised almost £470k from ...
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NewsCity snapshot: McBride issues profits warning on rising costs
Household goods manufacturer McBride has slashed its earnings expectations by up to 65% as mounting input and transportation costs hit its bottom line.
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NewsMedia Bites 19 August: Nando’s, Philip Morris, Carlsberg
The papers examine the crisis causing chaos in the food industry supply chain.
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NewsMedia Bites 18 Aug: Nando’s, Just Eat Takeaway, Grocery market share
Nando’s has been forced to shut restaurants and reduce hours at some after its chicken deliveries were hit by a nationwide shortage of lorry drivers
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NewsCity Snapshot: Carlsberg upgrades profits forecasts as sales recover post-lockdown
Carslberg is the latest brewing giant to report a strong recovery throughout 2021 as pubs and bars reopened following long periods of lockdown.
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NewsJersey Hemp smashes crowdfunding round in bid to take its CBD range mainstream
CBD producer Jersey Hemp has smashed a £1.1m crowdfunding target to help fuel ambitious expansion plans.
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NewsOatly sales soar in Q2 on plant-based demand but losses widen
Oatly Group has revealed a more than 50% jump in revenues for the second quarter on the back of “growing global demand” for its range of oat-based products.
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NewsGrocery sales fall as pre-pandemic shopping behaviour returns
With the end of social distancing restrictions people have been happier to head into stores to make more regular, smaller shops, according to Kantar
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NewsMedia Bites 17 August: Oatly, Morrisons, Post Office
Swedish oat milk maker Oatly has forecast a near two-thirds jump in annual revenues on the back of the alternative dairy boom.