Finance news – Page 330
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NewsHyperama secures £15m funding for cash & carry depot refurb
Funds will also be used to increase sourcing from the Far East
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NewsCity snapshot: Earnings up 29% at Young's Seafood as sale process continues
Youngs Seafood has boosted earnings 29% in the third quarter on the back of cost-cutting as the Grimsby business continues its search for a buyer, Brewdog heralds a period of “substantial growth, and the rest of the news from the City
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NewsMedia Bites 24 August: Sainsbury's/Asda, National Lottery, Brexit
The UK competition watchdog has launched a formal investigation into the proposed merger between supermarket chains Sainsbury and Asda
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NewsOrganic food suppliers 'face EU export ban' in no deal Brexit
Defra said it was determined to help organic producers flourish in the event of a no deal
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NewsFreshways ceases production of Dairystix and closes Plympton plant
The business had become ‘unviable’, said Freshways MD Bali Nijjar
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NewsCMA launches formal investigation into Sainsbury’s/Asda merger
The Competition and Markets Authority has today confirmed it is to launch a formal investigation into the proposed supermarket mega-merger between Sainsbury’s and Asda and could move to a more in-depth investigation within weeks.
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NewsCity snapshot: CMA opens investigation into Valeo's £100m Tangerine acquisition
The UK’s Competition and Markets Authority has opened an initial investigation into Valeo Foods’ £100m acquisition of Tangerine Confectionery, plus all the rest of the latest news from the City.
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NewsMedia Bites 23 Aug: Sainsbury's/Asda, Alcohol, Coffee
Asda workers fear Sainsbury’s will hold all the power, writes The Times (£) in its continuing look the the merger of two of the UK’s big four supermarkets.
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NewsIceland agrees to acquire 19 former Poundworld stores
15 stores will become Iceland stores and four will be turned into The Food Warehouse
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NewsGenesis Crafty bakery bought by Tayto boss in rescue deal saving 260 jobs
Family bakery, McErlian’s suffered “trading difficulties” in the past year and enterted administration earlier this week
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NewsIndustry leaders call for 'urgent clarity' over exports plans
The response comes to a new government export strategy that was unveiled this week
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NewsGSK seeks bids for Horlicks and consumer nutrition brands
Bidding will begin next month for Horlicks and the rest of Glaxosmithkilne’s (GSK) global consumer nutrition business.
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NewsMedia Bites 22 August: Sainsbury's/Asda, Retail sales, GSK
A leading Sainsbury’s shareholder says its proposed merger will bring it “toe-to-toe” with Tesco
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NewsValeo Foods completes acquisition of Dip-Dab maker Tangerine
PE giant Blackstone sold the confectionery company to the fast-growing Capvest-owned consumer group
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NewsBeetroot ketchup brand The Foraging Fox raises £700k from angel investors
Funding from the investment round will go towards recruitment and production in order to fulfil increased listings and NPD
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NewsErrington Cheese lays off remaining staff over e.coli dispute
”I simply cannot afford to pay their wages,” said owner Selina Cairns
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NewsHot weather and branded growth boost supermarket sales by 3.5%
Growth of branded products, which outstripped own-label sales for the first time since May 2015, helped grocery sales rise 3.5% over the 12 weeks to 12 August according to Kantar Worldpanel.
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NewsMedia Bites 21 Aug: Pepsi/SodaStream, Sainsbury's/Asda, Tyson Foods
Pepsi to buy SodaStream for $3.2bn in an effort to tap into a trend towards younger and more health- and environmentally-conscious consumers.
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NewsPepsiCo agrees to buy SodaStream in $3.2bn deal
Pepsico has agreed to buy home soft-drink-making business SodaStream International in a $3.2bn deal, Sainsbury and Asda could have to dispose stores in as many as 300 locations and all the rest of the latest news from the City.
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NewsMedia Bites 20 Aug: Sainsbury's/Asda, PepsiCo, and Amazon
J Sainsbury and Asda could have to dispose of stores in up to 300 locations across Britain if the two grocers are to succeed in convincing regulators to approve their proposed merger, reports The Times