Finance news – Page 413
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NewsPoundland and Mondelez in legal wrangle over Toblerone-style bar
The Twin Peaks snack has been delayed after Poundland received a legal letter from Toblerone maker Mondelez
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NewsStock Spirits acquires £16m stake in Quintessential Brands Irish whiskey division
London-listed Stock Spirits Group has struck a deal to acquire a 25% stake in the Irish whiskey division of Quintessential Brands Group for up to up to €18.3m (£16m) in cash.
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NewsUnilever acquisition of Reckitt Benckiser food brands would be a strategic misstep - analysts
A £2bn-plus Unilever approach for the food business of Reckitt Benckiser, made up of French’s Mustard and Frank’s Red Hot Sauce, would be ‘surprising’, ‘disappointing’ and strategically inconsistent, according to City analysts.
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NewsConsumer price index to be used to calculate business rates
The government had originally committed to making the move last year, but the Bill failed due to the general election
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NewsUK shoppers brought on to high street by warmer weather
Overall footfall in June was 0.8% up on a year ago
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NewsBrexit plan urgent to prevent supply problems, warns report
Lack of government vision for future of food and agriculture means even a soft Brexit could have huge implications
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NewsKP Snacks acquires Butterkist to break into popcorn market
Butterkist’s manufacturing site in West Yorkshire and its 140 employees will become part of the KP Snacks business following the acquisition.
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NewsBerry Bros & Rudd sales rise to six-year high
Sales were up 17% year on year, boosted by strong en primeur sales
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NewsMedia Bites 17 July: Unilever, Reckitt Benckiser, Premier Foods, Amazon
Unilever is locked in a £2bn battle with Hormel Foods, the US owner of Spam, to buy Reckitt Benckiser’s food business, according to the weekend papers.
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NewsCity snapshot: Profits soar at Conviviality as Bibendum beds in
Profits have more than doubled at Bargain Booze owner Conviviality (CVR) as the integration of Matthew Clark and Bibendum continued ahead of schedule. Plus, growth overseas helps Finsbury Food Group offset UK struggles and Stock Spirits acquires a 25% stake in Quintessential Brands Group’s Irish whiskey division for up to €18.3m (£16m).
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NewsGist buys 80,000 sq ft distribution centre near Motherwell
Move is part of a drive to step up its temperature-controlled food logistics operations…
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NewsKennelpak picked up by PE firm Endless' Enact fund
Kennelpak is headquartered in Nottingham, where it employees 275 staff, and generated sales of more than £23m in the year ended 31 March 2017.
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NewsHolland & Barrett profits under pressure from supermarkets
Holland & Barrett’s UK retail sales rose 4.6% in the year before its £1.8bn takeover by a Russian billionaire
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Marks & Spencer puzzles analysts with sales fall
The market was left distinctly unimpressed this week by Marks & Spencer’s first quarter organic sales fall
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NewsNoble delays IPO to focus on rebuilding sales and profitability
Happy Egg Co owner Noble Foods has put its mooted IPO on ice as it focuses on regrowing revenues
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NewsNisa members 'wait and see' over Sainsbury's takeover
Exclusive new research for The Grocer reveals more Nisa retailers are in favour of a deal than against it, but still all to play for
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NewsBuckfast sales grow £2m as tonic wine picks up 'down south'
Sales of the 15% abv tonic wine have grown by £2m (7.9%) to £26.9m over the past year
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NewsCity snapshot: Happy Egg owner Noble Foods shelves IPO plans on falling sales and profits
Noble Foods, the owner of Happy Egg and Gü Puds, has postponed a mooted IPO to concentrate on rebuilding its top line after significant restructuring last year.
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NewsMedia Bites 14 July: Morrisons, Cargill, Target, Sports Direct
Morrisons is the first ‘big four’ supermarket to commit to selling only British fresh meat throughout the year as part of a strategy to offer more locally sourced products.
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NewsCraft beer pioneer BrewDog smashes into Booze Top 100
BrewDog has become the first craft brand ever to appear in The Grocer’s ranking of Britain’s 100 Biggest Alcohol Brands