Finance news – Page 373
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NewsCity snapshot: SHS Group tipped as winner of £50m Meridian auction
Nut butter brand Meridian is closing in on a £50m takeover, with SHS Group as poised to win the highly competitive auction according to City insiders. Plus FeverTree surges on takeover whispers, ABF shares hit by sugar weakness and all the rest of the latest news from the City.
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NewsMedia Bites 19 January: Steinhoff, FeverTree, ABF, Costa
Steinhoff International, the scandal-hit South African retail conglomerate, is in talks with banks to secure additional financing to keep the company afloat.
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NewsPalmer & Harvey vans, lorries and trailers to go into auction
The vehicles that will be auctioned on Tuesday and Wednesday next week
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News2 Sisters defends Efra MPs ‘biscuit-gate’ gift
The supplier sent members of the Committee hampers of biscuits following CEO Ranjit Singh’s appearance in October
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NewsMedia Bites 18 January: Nomad/Goodfella's, 2 Sisters, Walmart
The sale of Goodfella’s Pizza to Nomad Foods generates column inches this morning, alongside news that Ranjit Boparan has had his wrist slapped after being accused of sending unsolicited gifts to the MPs investigating his 2 Sisters food company’s recent poultry safety scandal.
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NewsCity snapshot: Low sugar prices hold back sales at ABF
Currency tailwinds have boosted revenues at Associated British Foods in the past quarter, but a slump in the sugar business dragged on the Primark owner in the Christmas period. Plus, a (very short) maiden trading update from Bakkavor; Finsbury Food gets back on track in first half; and Science in Sport becomes the official sports nutrition partner of Manchester United
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NewsSysco Corporation agrees deal to take over Kent Frozen Foods
The acquisition of KFF is subject to Competition & Markets Authority approval…
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NewsBirds Eye owner Nomad swoops for Goodfella's Pizza in £200m deal
Birds Eye owner Nomad Foods has agreed to acquire Goodfella’s Pizza from 2 Sisters Food Group for €225m (£199m) to expand its frozen food empire.
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NewsDavid Salkeld made Wensleydale Creamery chairman
Industry veteran replaces Matthew Gribbin who has stepped down after 10 years in the role
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NewsGreggs targets evening eating with new hot food trial
Greggs’ company-managed shops saw a like-for-like sales increase of 3.7% in the final quarter of 2017…
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NewsBestway launches van sales operation following P&H demise
Noel Robinson, who previously headed up the P&H operation, will oversee the new division…
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NewsWincanton records highest-ever volumes ahead of Christmas
Wincanton attributed its success to pre-peak planning and adding more staff, vehicles and warehousing space
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NewsRefresco provisionally cleared for Cott acquisition after UK factory sale pledge
Bottling giant Refresco has been given the provisional green light to complete its acquisition of fellow bottling firm Cott after offering to sell a UK factory.
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NewsMedia Bites 17 Jan: Walmart, Nestlé/Ferrero, Premier Foods, Greggs
Walmart will tap Judith McKenna to run its international unit, which includes UK supermarket Asda.
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NewsLindt boosted by UK performance as group sales pass 4bn Swiss Francs for first time
A particularly strong performance in the UK has helped propel sales at Lindt & Sprüngli to more than CHF 4bn Swiss francs (£3bn) for the first time in its 175-history.
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NewsTate & Lyle CFO Nick Hampton to take over top role from Javed Ahmed
Nick Hampton succeeds Javed Ahmed who, having served as chief executive since October 2009, will step down from the role and the board to retire on 1 April.
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NewsWimbledon Brewery signs ex-Paperchase CFO David Bateman
Bateman has made a personal investment in the company, which would “assist in supporting its growth”…
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NewsCoffee shops are one of the UK's strongest performing sectors
Allegra’s Project Café 2018 report found that the £9.6bn UK coffee shop market increased its turnover by 7.3% this year
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NewsMedia Bites 16 January: Premier Foods, Tesco Clubcard, chicken, Walmart
After the flurry of retail activity last week, it’s a quiet start to the week for grocery news in the papers, with the collapse of construction firm Carillion dominating coverage.
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NewsCity snapshot: Record mince pies sales offsets weak Mr Kipling performance for Premier Foods
Record mince pie sales have helped Premier Foods into a second consecutive quarter of growth, but its past star performers Mr Kipling and Cadbury cakes stalled. Plus, demand for seasonal favourites have helped Greggs record its 17th quarter of like-for-like sales growth in a row; Tate & Lyle appoints its CFO as the new CEO; sports nutrition business Science in Sport issues a pre-close trading update; and Lindt reports annual sales of more than 4bn Swiss francs for ths first time in its 175-year history.