Finance news – Page 369
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NewsTime runs out for sale of Connect Group book division
Terms of the deal required completion by 31 January at the latest
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NewsCo-op's £50m price cuts close gap on convenience rivals
The Co-op’s £50m price investment has succeeded in making it much more competitive with its main convenience rivals
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NewsCity snapshot: Food and drink M&A deal values soar in 2017
A busy food and drink M&A market in the first weeks of 2018 has continued the momentum of 2017, which saw a strong rise in deal values, according to the latest quarterly M&A report by Grant Thornton. Plus, Weetabix sales fall 1.2% in the first quarter of new US owner Post Holdings and all the rest of the latest news from the City
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NewsMedia Bites 2 Feb: Unilever, Sainsbury's, Morrisons
A busy day for food and drink sees the papers packed with stories on Unilever, Morrisons, Sainsbury’s and more this morning.
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NewsFood & drink M&A already building on value spikes of 2017
A flurry of sizeable food and drink deals in the first weeks of 2018 is building on the momentum of last year, which saw a sharp spike in values driven by mega-deals involving FTSE 100 giants Tesco, Reckitt Benckiser and Unilever.
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NewsOptiat’s £150k Crowdcube drive passes halfway mark in two days
The personal care startup plans to spend funds on larger production runs, R&D, and marketing and advertising
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NewsFSA interviews suspects under caution as Russell Hume scandal escalates
Russell Hume meat labelling scandal ‘on new scale’ says FSA, as key personnel at the supplier expected to be interviewed in coming days
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NewsFarming bodies welcome PM 'progress' on beef access to China
The agreement presented a significant opportunity for British farmers, said an AHDB spokesman…
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NewsCJ Lang & Son sees turnover fall with cigarette sales
National living wage increases forced the Spar wholesaler to make cost reductions throughout the business
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NewsMedia Bites 1 February: M&S, Coca-Cola, Britvic, Dairy Crest, Mondelez
Further restructuring at Marks & Spencer as the high street bellwether continues to attempt to turnaround the business is under the media spotlight today.
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NewsUnilever navigates 'challenging' conditions to boost top and bottom lines
Consumer goods giant Unilever has increased full-year sales and profits despite operating in “challenging” market conditions in 2017.
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NewsCoca-Cola to shed jobs as it announces two UK site closures
CCEP said it would shut its manufacturing site in Milton Keynes and its Northampton DC
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NewsRaisio starts talks over feed business sale as part of wider restructure
Finnish food group Raisio is plotting the sale of its feed business as part of a wider restructure of the struggling business to focus on healthy foods.
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NewsM&S to close stores and slow Simply Food opening programme
Retailer now only plans to open 36 owned and franchised branches over the next six months
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NewsArla to plough £72m into its British business this year
The cash injection is part of a €527m (£460m) global investment programme announced by the dairy co-op, and will see it bring production of Lactofree to the UK
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NewsAldi pledges to cut food waste 50% by 2030
Redistribution would be a core focus of its plans to reduce food waste
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NewsMedia Bites 31 January: McDonald's, PZ Cussons, Dr Pepper Snapple
Earnings update at McDonald’s in focus this morning, along with troubles for Imperial Leather owner PZ Cussons.
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NewsCity snapshot: Britvic sales held back by 6.6% slump in Robinsons and stills division
Britvic has increased revenues in the first quarter by 3.3% to £337.2m as Pepsi Max helped its carbonates division outperform the soft drinks market in the UK, but sales of its range of still products slumped again. Plus, Dairy Crest sales up 7% in the first nine month of its financial year as all its brands perform well. And Raisio to enter talks with 115 staff and also considers sale of feed business as turnaround attempts continue.
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NewsKeurig Green Mountain swallows Dr Pepper Snapple for $19bn in biggest ever soft drinks deal
Consumer group JAB Holding has agreed to acquire Dr Pepper Snapple for almost $19bn (£13.5bn) to merge the soft drinks giant with its own Keurig Green Mountain coffee business.