Finance news – Page 318
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NewsCity snapshot: Global consumer giants jostle to buy Graze
Food giants Kellogg’s, Unilever and PepsiCo are battling to buy healthy snacks business Graze as bidding kicks off, EU search interest in UK brands surges and the rest of the news from the City
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NewsMedia bites 2 November: Waitrose, Ocado and B&M, Patisserie Valerie
Waitrose will pursue “mindful” consumers such as vegans and put quality food first over gaining market share, its managing director has said
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NewsLandmark-Today's merger completes to form Unitas Wholesale
The new Unitas trading team will start talking to suppliers about 2019 from 1 December
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NewsJon Hughes takes over as Haribo UK & Ireland MD
The appointment fills a position left vacant since Herwig Vennekens’ promotion in the summer
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NewsCity snapshot: Just Eat warns investments will hit full year profits
Takeaway delivery marketplace Just Eat has posted a 41% jump in third quarter revenues, but warned its investments back into the business mean full years profits will be at the lower end of expectations. Plus trading updates from Hilton Food Group and Glanbia, Applegreen completes Welcome Break takeover and all the rest of the latest news from the City.
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NewsMedia Bites 1 Nov: Crawshaw, Patisserie Valerie, Kellogg's
Up to 54 stores employing 600 people could close if a buyer for Crawshaw Group cannot be found.
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NewsSamworth Brothers to buy 2 Sisters' Manton Wood sandwich factory
2 Sisters’ owner Boparan Holdings announced that it has agreed the sale of the site, also known as Solway Foods, which employs around 1000 staff, as it continues to transform its operations.
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NewsHigh street butcher Crawshaw Group to hire administrators
High street butchers chain Crawshaw Group has announced plans to hire administrators, admitting it does not funds for a necessary restructure.
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NewsMedia Bites 31 October: WH Smith, Reckitt Benckiser, Ocado
UK retailer WH Smith has unveiled plans to buy US airport chain InMotion in a £155m deal to double its travel business, as part of a strategic shift amid declining high street sales
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NewsBaby milk factory disruption hits third quarter sales at Reckitt Benckiser
”FTSE 100 consumer goods giant Reckitt Benckiser saw a 2% drop in headline revenues in the third quarter as weak sales in infant nutrition and the impact of currencies hit its top-line results.
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NewsPoundworld and Bargain Buys brands sold by administrator
All of Poundworld’s intellectual property assets have been sold to the Leeds-based company New Money
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NewsCity Snapshot: WH Smith doubles size of travel division with InMotion acquisition
WH Smith agrees US$198m deal to buy international travel retailer InMotion, Ocado and Kroger solidify partnership with the signing of service and operational terms and manufacturing disruption hits third quarter sales at Reckitt Benckiser
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NewsMedia Bites 30 Oct: Budget 2018, Mondelez, Restaurant Group
“Giveaway” is the word of the day in the papers this morning as the media digests Chancellor Philip Hammond’s 2018 Budget.
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NewsCity snapshot: Chancellor to announce High Street rates relief
The Chancellor is set to attempt to ease the pressure high street retailers by cutting business rates bills by a third for almost half a million small high street shops, Patisserie Valerie is the centre of takeover bid and the rest of the City news
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NewsMedia Bites 29 October: Asda, Patisserie Valerie, Sainsbury's
Asda said it is considering slashing up to 2,500 jobs as the UK’s third-largest supermarket chain faces mounting competitive pressures.
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NewsPeyton & Byrne Bakeries split up in rescue deal
Peyton & Byrne Bakeries, the retail chain and wholesale bakery co-founded by Great British Menu judge Oliver Peyton, has been split-up in a rescue deal after it entered administration.
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NewsTetley owner Tata hit by decline in UK black tea sales
The ongoing decline in black tea sales hit UK revenues and profits at Tetley Tea owner Tata Global Beverages.
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NewsIce lolly maker Pops seeks £400k to expand production
The supplier has seen 100% growth over the past year following a nationwide listing wityh Tesco
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NewsPeyton & Byrne Bakeries falls into administration
The bakery chain co-founded by Great British Menu judge Oliver Peyton has entered administration.
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NewsCity Snapshot: Peyton & Byrne Bakeries files for administration
The bakery chain co-founded by Great British Menu judge Oliver Peyton, Peyton & Byrne Bakeries, has entered administration two years after a previous collapse. Plus all the rest of the latest news from the City.