Finance news – Page 184
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NewsMedia Bites 5 Jan: Lockdown, Aldi, Online grocery
The new national lockdown will cause widespread business failures and job losses unless government support for businesses is urgently increased
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News
Nomad Foods completes Findus unification with €110m Switzerland deal
Birds Eye owner Nomad Foods has completed the €110m (£99.5m) deal to add Findus Switzerland to its growing frozen empire.
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NewsPooch & Mutt sells minority stake to Czech petfood producer VAFO
The fast-growing pet treats brand has sold a minority stake to Czech premium petfood player VAFO in a ’multimillion-pound’ transaction
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NewsAldi reports record Christmas as Covid restrictions drive demand for booze and premium ranges
The discounter has reported a 10.6% year-on-year rise in sales in the four weeks to 24 December
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NewsCity snapshot: Covid Primark closures cost ABF a further £220m
Associated British Foods has said the tightening of coronavirus restrictions will cost the group an extra £220m on top of the previously announced £430m. Plus, the FTSE starts the year strongly after Brexit deal and all the rest of the latest news from the City.
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NewsMedia Bites 4 Jan: Retail jobs, Cafe Nero, Kirin
The high street shed 177,000 jobs in 2020 according to a study that predicts an even more devastating toll on retail jobs this year
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NewsSamworth Bros boosts Higgidy stake to become majority shareholder
Higgidy will remain a separate business with a separate leadership team and its own manufacturing facilities
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NewsKettle owner Valeo Foods snaps up tortilla chip producer It’s All Good
The supplier will join Valeo’s snacking division alongside the likes of Kettle
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NewsTesco-backed checkout-free tech firm Trigo secures $60m funding
The latest funding, led by venture capital firm 83North, would be used to scale Trigo’s ability to meet growing demand and boost R&D, the checkout-free tech company said
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NewsBestway snaps up Costcutter for undisclosed fee
Once the deal is cleared, Bestway will operate a symbol, franchise and company store estate of more than 3,795 UK stores
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NewsCity snapshot: BRC calls for ‘pragmatic solution’ to border chaos
The BRC has called on the government and the EU to find a “pragmatic solution” to the closure of traffic from France and avoid impacting the supply of Fresh produce to the UK. Plus, FTSE and pound plunge, Bestway Wholesale to buy Costcutter and all the rest of the latest news from the City.
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NewsMedia Bites 21 Dec: Border closures/food supply, Retail/Tier 4, Asda
Boris Johnson is holding emergency talks to avert Christmas food shortages after France banned freight and travel from the UK
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News‘Trend-setter’ Unilever to give shareholders say on climate changes plans
Unilever this week pledged to become the first FTSE 100 company to offer investors a vote to approve of its plans to tackle climate change.
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NewsFiddes Payne reaps benefits of pre-pandemic production hike
Fiddes Payne has returned to growth as its range of home baking kits, pulses pouches and cake decoration products appealed to locked-down shoppers this year
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NewsConfectionery manufacturer Bon Bon Buddies winds up
Confectionery manufacturer Bon Bon Buddies has voluntarily wound up the business after being placed into liquidation by its creditors
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NewsInnocent global growth drives sales surge as it slips to loss
Innocent’s sales surged past £400m last year, though the group fell to a loss as it funded expansion across Europe and beyond
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NewsKerry Group mulls €1bn-plus sale of consumer foods business
Kerry Group is considering selling off its consumer foods division, which includes brands such as Richmond sausages and Dairygold, according to reports today
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NewsCity Snapshot: November retail sales fall back on second lockdown
Retail sales fell back in November as shops shut their doors again during the second coronavirus lockdown
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NewsMedia Bites 18 Dec: The Grocer’s Top Products, SSP Group, Scotch
Supermarket sales figures have captured the way Covid has caused big changes in the way we live
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NewsFerrero moves into healthier snacking market with Eat Natural acquisition
Eat Natural will continue to produce at its facility in Halstead, with its entire staff – including management – set to be retained