Finance news – Page 393
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NewsPlant-based startup NotCo secures $30m funding round
The Chilean supplier, which produces plant-based replacements for mayonnaise, secured the cash injection from investors including The Craftory and Jeff Bezos’ family office
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NewsPep&Co clothing helps drive 'broadly flat' Q1 for Poundland
The variety discounter saw unaudited revenues rise 0.6% to €516m in Q1
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NewsCity snapshot: Geddes and Swann tapped for John Lewis Partnership top job
The departing bosses of Direct Line and travel retail giant SSP are reportedly vying to succeed Sir Charlie Mayfield as chairman of the John Lewis Partnership, BAT has raised frustrations over a 20-year legal battle and the rest of the news from the City
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NewsMedia Bites 4 March: M&S/Ocado, John Lewis, Amazon
Marks & Spencer chief executive Steve Rowe has launched a broadside against arch rival Waitrose, insisting he can offer ‘better quality and better prices’
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NewsPremier activist investors could put Batchelors sale back on the menu
A sell-off of Premier Foods’ Batchelors brand could be back on the table after an activist investor calling for a sale of the brand was appointed to its board.
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NewsExponent in talks to buy Asian foods wholesaler TRS Group
The Grocer understands the PE firm is in exclusive talks to buy the business
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NewsNo-deal Brexit would have 'serious supply impact': Riverford
About 30% of Riverford’s veg comes from Spain, Italy and France
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NewsPatisserie Valerie CEO Steve Francis to sue Causeway
Patisserie Valerie future thrown into fresh doubt as backers sack CEO and commercial director
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NewsHalewood Wines & Spirits abandons plan to sell business
After posting stellar results for the latest financial year, owner Judy Halewood has decided the business is best kept in the family.
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NewsCity snapshot: TRS Group in talks with PE firm Exponent over sale
Private equity investor Exponent is understood to be closing on a deal to buy Asian foods wholesale specialist TRS Group
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NewsMedia Bites 1 March: Brexit, Big Bear, Patisserie Valerie
Supermarkets are working with police to protect their stores and staff from looting and riots if Britain leaves the European Union without a deal, reports The Times
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NewsAcquisitions drive 11% full-year sales growth at Nomad Foods
Revenues soared 11% at frozen food giant Nomad Foods in 2018 as it was buoyed by the acquisitions of Goodfella’s and Aunt Bessies
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NewsJobs at risk as Accolade Wines kicks off 'major strategic review'
The wine supplier is moving all of its European operations to the UK
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NewsValeo Foods to merge Tangerine and Big Bear
The proposed changes include closure of Big Bear’s historic Leicester manufacturing site by the end of 2019
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NewsCity snapshot: Premiumisation drives 4.8% annual sales growth at ABInBev
The world’s largest brewer ABInBev has posted “solid” annual revenue growth of 4.8% driven by pricing and mix improvement.
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NewsMedia Bites 28 Feb: Ocado/M&S, Premier Foods, Patisserie Valerie
The boss of Marks & Spencer has defended the decision to spend £750 million on a food delivery tie-up with Ocado
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NewsPets Choice expands with acquisition of Rufus Foods
UK pet food manufacturer Pets Choice has expanded with the acquisition of competitor Rufus Foods
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NewsOcado deal was only way for M&S to move online, says Rowe
A deal announced between the two companies will see M&S take 50% of Ocado’s UK retail business under a new joint venture
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NewsMedia Bites 27 Feb: Ocado/M&S, Hotel Chocolat, Brexit
Ahead of this morning’s confirmation of the £1.5bn tie-up between Ocado and M&S, long-awaited confirmation the pair were in talks is heavily covered in today’s papers.
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NewsCity snapshot: Ocado and M&S agree £1.5bn joint venture
Ocado and Marks & Spencer have agreed to create a 50/50 joint venture that will “transform online grocery shopping in the UK”.