Finance news – Page 385
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NewsMedia Bites 17 Nov: 2 Sisters, Asda/Walmart, P&G
The scandal at the 2 Sisters chicken factory should act as a “wake-up call” to the UK food regulator after MPs found biggest poultry supplier already had a “far from pristine” track record on food standards before the recent scandal.
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News‘Easy to game’: MPs deliver damning verdict on UK food audits after 2 Sisters scandal
MPs on the Efra committee say accreditation bodies need to take the scandal as a ‘wake-up call’ and tighten up their standards
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NewsMüller shrinks Frijj milkshakes’ size, but not their price
The supplier said the move would help shoppers consume less sugar
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NewsAsda reports second consecutive quarter of sales growth
Like for like sales in the third quarter grew by 1.1%
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NewsJames McMaster is new CEO of ‘complete food’ brand Huel
Before leaving Life Health Foods in August, McMaster oversaw the launch of Up&Go in the UK and development of Nutri-Brex
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NewsMedia Bites 16 November: Premier Foods, Tesco/Booker, P&G, wonky fruit
A recovery in the second quarter at Premier Foods delighted the newspapers yesterday.
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NewsCity snapshot: P&G admits activist investor Nelson Peltz ahead in proxy vote recount
The proxy battle at Procter & Gamble took another dramatic turn last night as activist investor Nelson Peltz looked to have won a seat on the board of the Oral-B maker, despite the US consumer goods giant claiming victory just a few weeks ago. Plus, CMA clear Just Eat acquisition of Hungry House.
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NewsNissin partnership starts to pay off for Premier Foods
Premier Foods’ boss Gavin Darby has hailed the “renaissance” of its Bachelors brand under its partnership with Nissin Foods as the UK-listed supplier reported a revival of fortunes in the second quarter.
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NewsUnite warns of ‘bread drought’ if Kingsmill drivers strike
West Bromwich personnel are being balloted in response to a ‘paltry’ pay offer from Allied Bakeries
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NewsDiageo plans to become 'best employer for women in the UK'
The spirits giant has unveiled a gender pay gap significantly below the national average across its British businesses
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NewsSamworth Bros hires former Kerry Foods CEO Flor Healy as new boss
The Ginsters and Soreen owner has been without an official CEO since Alex Knight left the family-owned business in March
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NewsCity snapshot: CMA inquiry included Aldi and Lidl after Tesco-Booker pressure
The CMA backtracked amid pressure from Tesco and Booker to take the rise of the discounters into consideration in delivering its verdict on their proposed merger, The Grocer can reveal. Plus, Nissin partnership boosts first half performance at Premier Foods after strong second quarter and all the rest of the latest news from the City.
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NewsMedia Bites 15 Nov: Tesco/Booker, Grocery inflation, Sir Terry Leahy
“Booker rivals’ outrage over Tesco tie-up” is the leading business headline in this morning’s edition of The Times (£) as the media expresses shock at the CMA’s decision to green light the £3.7bn Tesco acquisition of Booker.
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NewsTesco £3.7bn Booker takeover gets green light from CMA
The UK’s competition regulators are sensationally set to approve Tesco’s £3.7bn takeover of Booker, without imposing conditions such as selling off hundreds of its stores
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NewsIndustry reaction to CMA provisional clearance of Tesco-Booker
It was no surprise that the Competition and Markets Authority cleared Tesco’s £3.7bn takeover of Booker, but that it did so without asking for any remedies has shocked many
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NewsHow analysts reacted to CMA provisional clearance of Tesco-Booker
The CMA reported the provisional findings of its probe, ahead of a final decision in December
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NewsMedia Bites 14 November: Co-op/Nisa, Coca-Cola HBC, Amazon
A green light for the Co-op takeover of Nisa is the main grocery story in this morning’s papers.
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NewsCity snapshot: Tesco £3.7bn Booker takeover gets green light from CMA
The UK’s competition regulators are sensationally set to approve Tesco’s £3.7bn takeover of Booker, without imposing conditions such as a sell off hundreds of its stores. Plus, B&M boosts sales 22% in the first half and announces Sir Terry Leahy is to step down as chairman; Science in Sport has raised £15m in placing; and Kantar and Nielsen latest supermarket market share data.
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NewsNisa members accept £137m Co-op bid in historic vote
Of the 615 shareholders that voted, 494 were in favour of the bid
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NewsTamdhu owner Ian Macleod secures £80m refinancing
Family owned whisky distiller Ian Macleod Distillers, which owns the Tamdhu, Glengoyne and Smokehead brands, has agreed an £80m refinancing to position the business for its next phase of growth.