Finance news – Page 364
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NewsReckitt Benckiser's shares hit by future performance concerns
Durex maker Reckitt Benckiser’s shares dropped to their lowest level for two years on Monday
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NewsAppetise cuts crowd valuation in bid to reach target of £500k
Online takeaway service Appetise has slashed its valuation in the hopes of drumming up interest
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NewsThe Collective set for 'racy' stake valuation
High-end yoghurt brand The Collective is holding talks with potential investors in the UK and New Zealand
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NewsMedia Bites 23 February: British American Tobacco, Unilever
The papers delve into the latest annual results from British American Tobacco, which saw its profit jump thanks to the acquisition of rival tobacco giant Reynolds.
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NewsCity snapshot: The Collective in talks for investment to accelerate rapid growth
Premium yoghurt brand The Collective is holding talks with potential investors in the UK and New Zealand to secure cash to accelerate its already rapid growth. Plus, Finsbury Food has refinanced its debt facilities to allow the business the option to explore future growth opportunities.
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NewsCMA opens investigation into Co-op's £143m Nisa takeover
CMA has until 23 April to decide if a phase 2 probe should go ahead - move comes week before Tesco and Booker shareholders vote on the pair’s £3.7bn merger plans
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NewsArla promises NPD to grow Yeo Valley sales
Under the proposed deal, Yeo Valley will quit the liquid milk business
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NewsMeat sales remained strong despite Veganuary
Veganuary had minimal impact on meat sales, but vegan and vegetarian food sales were up 14% according to Nielsen
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NewsGranarolo eyes growth in UK fresh sector with Midland deal
Bologna-based Granarolo currently supplies some own-label Italian produce to Sainsbury’s
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NewsOver a third of SMEs think high street cryptocurrency is coming
Some 46% of small firms questioned already accept “alternative” currencies, with 27% involved in schemes
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NewsMedia Bites 22 February: Unilever, Hotel Chocolat, Arla, KFC
The UK government is bracing for Unilever to choose the Netherlands over the UK for its new unified headquarters. Plus, results from Hotel Chocolat and Arla both gain coverage this morning.
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NewsCity snapshot: Sales and profits heating up at British American Tobacco
Revenues and profits have soared at British American Tobacco as the cigarette giant completed its £41.8bn takeover of rival Reynolds and continued to take advantage of the growth of next generation products. Plus, profits slump at private label group McBride as inflationary pressure in its personal care & aerosols business saw the division slump to a trading loss.
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NewsPureCircle to ramp up stevia leaf production as NPD gathers pace
The Chicago business intends to this year plant 16,000 tonnes, a 200% increase YOY
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NewsEuro Garages adds 97 Dutch Esso sites as part of expansion
The forecourt operator has agreed to acquire all the shares of independent fuel and convenience group NRG Value Retail
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NewsWaitrose the second major retailer to cut back its property team
A restructure will see the merger of the previously separate property functions of Waitrose and its parent company John Lewis
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NewsFuller's outlines craft beer expansion and ESB overhaul
It comes as traditional-style bottled ales face a significant challenge from trendier, posher brands in the supermarkets
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NewsMeadow Foods kicks off acquisition drive with takeover of ghee maker Roil Foods
It is the first deal at Meadow since US private equity firm Paine Schwartz Partners took a stake in the processor in late 2016 to help fund organic growth and strategic acquisitions.
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NewsCity snapshot: Hotel Chocolat reports 15% first half sales and profits jump
Sales and pre-tax profits both surged by 15% in the first half at Hotel Chocolat as new store openings and digital growth helped the retailer offset rising costs. Plus, Arla Foods in has reported an 8.1% rise in group revenues to €10.3bn but profits fall amid rising costs, Glanbia full-year sales rise 7% and all the rest of the latest news from the City.
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NewsMedia Bites 21 Feb: Tesco/Booker, Walmart/Asda, KFC
Investors in Booker Group have been told by a second shareholder advisory group to vote against a planned £3.7bn takeover by Tesco, writes The Times (£)
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NewsGove pledges to put farmers back at heart of policy making
Gove tells NFU conference he is committed to avoiding a Brexit “race to the bottom” in standards or deregulation