Finance news – Page 379
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NewsCampbell Soup Co buys Kettle and Metcalfe's Skinny owner for $4.9bn
US food group Campbell Soup Company has agreed to buy Kettle Chips and Metcalfe’s Skinny owner Snyder’s-Lance for $4.9bn (£3.7bn) to expand its exposure to the faster growing snacking market.
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NewsOrnua refinance bank funding with €610m package to support growth
Irish dairy Ornua has secured a new five-year funding package of €610m to help support future growth.
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NewsHershey acquires Tyrrells owner Amplify in $1.6bn deal
The deal values Amplify at $12 a share, a 71% premium to the price when markets closed on Friday.
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NewsTulip takeover of Easey Holdings wins CMA approval
Deal to buy Easey represented a major investment in British farming, said Tulip
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NewsCity snapshot: P&G hands board seat to activist investor
Consumer goods giant Procter & Gamble has appointed activist investor Nelson Peltz to its board after conceding defeat in a hard-fought proxy battle.
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NewsMedia Bites 18 December: Poundland, P&G, Waitrose, Conviviality
The nationals follow up The Grocer’s story that credit insurer Atradius reduced its cover for Poundland as a result of the crisis at parent group Steinhoff.
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NewsKKR snaps up Unilever spreads division for £6bn
KKR has emerged victorious in the race to buy Unilever’s spreads business, which includes the Flora, Stork and I Can’t Believe It’s Not Butter brands, with a €6.8bn (£6bn)
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NewsConviviality saves 1,300 jobs at P&H subsidiary WS Retail
Deal significantly ups Conviviality Retail’s presence in the south and south west of England…
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NewsPoundland trade credit reduced in wake of Steinhoff scandal
Action by Atradius could lead to empty shelves as suppliers halt deliveries
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NewsBread Holdings heads for sale with soaring sales
Revenues have surged 24% at Bread Holdings as the upmarket bakery group behind the Gail’s chain prepares a sale
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NewsCity snapshot: Conviviality offers to buy 127 Central Convenience stores following P&H collapse
Bargain Booze owner Conviviality has offered to buy 127 Central Convenience stores from WS Retail, following the collapse of its parent Palmer & Harvey into administration. Plus all the rest of the latest news from the City
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NewsMedia Bites 15 Dec: Ocado, Tesco, Steinhoff
Delivery drivers raking in £250-a-day as shortage in the run up to Christmas puts brakes on Ocado, writes The Daily Mail.
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NewsPoundland 'bound' to be sold in 2018
Discount chain Poundland is “bound to be put up for sale” in the new year as its South African owner Steinhoff battles to survive after being rocked by an accounting scandal, retail analysts suggested.
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NewsFestive price war looms as Tesco cuts cost of Christmas veg
Tesco has relaunched its Festive 5 promotion, with prices reduced to 29p for key Christmas ingredients
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NewsOcado says driver pay rates may need to rise again
The online grocer was forced to raise rates earlier this year in some areas to tackle problems with recruitment
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NewsDuck specialist Gressingham Foods enjoys 6% value sales boost
Sales for Gressingham, trading under the name Green Label Foods, rose from £100.6m to £106.8m
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NewsCity snapshot: Ocado’s retail sales growth slows to 11.6% in fourth quarter
Ocado has posted a slowdown in fourth quarter retail sales growth to 11.6% amid capacity constraints owing to a shortage of drivers. PZ Cussons announced a rise in first half profits, but a 10% drop in earnings and all the rest of the latest news from the City
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NewsMedia Bites 14 Dec: Tesco, Chapel Down, Lottery
The Serious Fraud Office has been accused of misrepresenting evidence, giving “sinister meanings” to innocent events and documents and failing to properly investigate an alleged accounting fraud at Tesco, writes The Times.
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NewsWilliam Jackson to invest £40m in second bakery to tap food-to-go boom
The new facility has been designed specifically to make bread for sandwich manufacturers and food service customers, with 100 jobs to be created once operational.