Finance news – Page 378
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NewsCity snapshot: Raisio sells Fox's Glacier Mints and confectionery business to Valeo Foods
Embattled Finnish group Raisio has sold its confectionery business, which includes the Fox’s Glacier Mints and Poppets brands, to Rowse Honey owner Valeo Foods in a deal worth €100m. However, Raisio will record a €38m loss on the sale
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NewsSales surge at London craft brewery Camden Town
Revenues for the brand, snapped up by brewing behemoth AB InBev in January 2016, grew £2.53m to £16.9m
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NewsMedia Bites 22 December: Tesco/2 Sisters, plastic recycling
There is little in the way of food and drink news in this morning papers, but the survival of Toys R Us generates plenty of headlines in wider retails. And an MP says Tesco chief must explain silence over second 2 Sisters factory.
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NewsSeabrook refinances with £23m growth package
Seabrook Crisps has agreed a £23m refinancing package to support its growth strategy.
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NewsFruitapeel acquired by Belgian ingredients business Puratos
The acquisition, for an undisclosed sum, comes less than seven months after Terry and Deborah Haigh bought the Fruitapeel business from existing fellow shareholders in an MBO.
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NewsPM insists EU free-trade deal before Brexit is possible
General election delay to negotiations will not affect ability to secure deal before 29 March 2019 insists May
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NewsMedia Bites 21 December: Nomad/Goodfellas, Tesco/Booker, General Mills
Nomad Foods is in talks to acquire the UK’s Goodfella’s Pizza for about £200m in a deal, according to this morning’s papers.
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NewsCity snapshot: Consumer confidence continues decline ahead of Christmas
Consumer confidence continued to slide in December as the long-running GfK index marked almost two years of declining sentiment for shoppers. Plus, a review of 2017 food and drink M&A
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NewsBill Hunter promoted to MD role at Ornua's UK division
Newly created role at Ornua Foods UK reports to Ornua Foods Europe CEO John Jordan
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News'No deal' with EU would hike UK food prices, admits Gove
The UK would not opt out of WTO tariffs to lower costs for consumers, he warned
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NewsAdjudicator urges supermarkets to set up supplier helplines
Helplines would help suppliers raise issues without fear of being delisted, says Tacon
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NewsMedia Bites 20 December: 2 Sisters/Tesco, Steinhoff, M&S
2 Sisters is back in the papers again as its food safety scandal rumbles on; and Steinhoff conitnues to make headlines as it admits its financial position is “evolving daily”.
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NewsCity snapshot: Tesco and Booker set to complete £3.7bn merger after formal clearance by CMA
Tesco and Booker have been formally given the go ahead this morning by the competition authority to complete their £3.7bn merger. Plus, Supermarket Income REIT acquires Tesco Extra supermarket in the North Lanarkshire from Legal and General for £50m
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News2 Sisters pledges to publish results of all factory audits
It comes as The Guardian and ITV published fresh claims over ‘process issues’ today
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NewsAldi predicts premium Specially Selected will reach £1bn in 2018
The discounter said sales of Specially Selected had already soared by 32% this year
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NewsSkinny Brands wins £1.5m funding to develop low-calorie booze
Investors include the likes of former Goldman Sachs MD Nigel Robinson and Fatface founder Tim Slade
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NewsMRH signs Booker partnership deal after P&H collapse
Booker will deliver chilled and ambient groceries to 370 MRH store
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NewsYazoo raises prices on new price-marked packs
Inflation is now creeping into convenience channel after price of FrieslandCampina brand rose by 127%
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NewsMedia Bites 19 December: Hershey/Amplify, Campbell's/Snyder's-Lance, Majestic Wine, Morrisons
Two mega deals in the US are featured in the papers on a quiet morning for food and drink as things wind down before Christmas.
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NewsCity snapshot: Vimto sales power ahead but Nichols profits held back by Yemen conflict
Healthy Vimto sales have helped Nichols continue to power ahead in the UK, but the conflict in Yemen has affected its international business and held back group profits growth. Plus, Morrisons hires former Unilever executive for board