Finance news – Page 224
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NewsMedia Bites 1 February: Jack’s/Tesco, CO2, Co-op, Diageo
News of a major shake-up at Tesco makes the headlines this morning.
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NewsDiageo to splash £73m on Guinness microbrewery and ‘culture hub’ in London
The investment demonstrated Diageo’s confidence in London as a tourist destination and its commitment to the hospitality sector, it said
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NewsFood & drink M&A enjoys bumper year in 2021 but inflation could hamper 2022
Deal activity in the UK hit the highest levels recorded for more than a decade in 2021. However, inflationary headwinds look set to hamper dealmaking this year
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NewsMedia Bites 31 Jan: Asda, Price rises, Ocado
Asda has suspended its drawn-out search for a chief executive, with one of the Issa brothers now heavily involved in the day-to-day running of the supermarket chain
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NewsCity Snapshot: Cranswick enters petcare market with Grove Pet Foods acquisition
Cranswick has expanded its reach into the petcare category with the acquisition of UK pet food maker Grove Pet Foods.
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NewsCity News: Unilever prepares for possible upheaval after GSK climbdown
News that activist investor Nelson Peltz is preparing to shake up the beleaguered business set tongues wagging
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NewsCMA launches probe into Boparan’s acquisition of Banham Poultry
Regulators have kicked off an investigation into Ranjit Boparan’s acquisition of Banham Poultry
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NewsInflationary pressure set to lead to an increase in restructuring activity in 2022, warns EY
Supply chain disruption and soaring inflation hit the retail and food & drink industries particularly hard in the latter part of 2021
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NewsHeura sales soar as it expands consumer reach across the globe
Plant-based brand Heura has more than doubled revenues as its growing range reached more consumers across the world
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NewsLewis Hamilton backs ultra-fast grocery app Zapp as part of $200m raise
The funding will be used to further improve the brand’s customer experience and technology
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NewsCity snapshot: UK companies in financial distress on the rise
The number of UK companies in significant financial distress is rising as government support is withdrawn from beleaguered businesses, according to business advisory firm Begbies Traynor.
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NewsMedia Bites 28 January: Diageo, Greencore, Fever-Tree, Britvic
Trading updates from drinks firms Diageo, Fever-Tree and Brtivic all make the morning papers, with news of a shareholder revolt at Greencore over exec pay.
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NewsGriddle closes six-figure funding round to expand reach of new plant-based waffles
Griddle recently expanded its offering from pancakes to frozen plant-based waffles, which it claimed as a UK first.
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NewsCity snapshot: Diageo resurgence underpinned by on-trade recovery
Diageo has reported double digit rises in sales and profits as the recovery in the on-trade was boosted by market share gains and premiumisation trends. Plus trading updates from FeverTree, Britvic and Greencore.
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NewsMedia Bites 27 January: Ocado, GoPuff, CPI, Pets at Home
News from Ocado about its new technology of robots to make picking online groceries even quicker filles the papers this morning.
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NewsCD&R denies headhunting for David Potts successor
A Morrisons source is adamant there is no truth in the report that Potts intends to step down in two years’ time
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NewsWarburtons takes minority stake in non-HFSS cookie start-up Snackzilla
Warburtons has invested a six-figure sum in kids’ healthier snacking brand Snackzilla as part of its Batch Ventures bakery innovation fund
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NewsInflation and supply chain disruption lead to wave of profit warnings in 2021
Profit warnings at retailers and food & drink suppliers accounted for a third of all warnings issued by UK listed companies in 2021 as supply chain disruption and spiralling inflation hit at the back end of the year
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NewsMedia Bites 26 Jan: Unilever, Greencore, CO2
Unilever plans to axe about 1,500 management roles globally as the company faces pressure from investors to improve performance
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NewsDash Water appoints David Milner as chairman to support its rapid growth in 2022
Seltzer brand Dash Water has closed a multimillion-pound investment round to maintain its rapid growth, with backing from industry veteran David Milner, who also joins the business as chairman.