Finance news – Page 431
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NewsPost backs British growth potential for Weetabix stable
US cereal group Post Holdings has placed a £1.4bn bet on the post-Brexit opportunities for Weetabix
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NewsUnilever steadies ship with impressive first-quarter growth
Unilever comfortably beat City expectations for its first-quarter organic sales growth, posting a revenue rise of 2.9%
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NewsFiddes Payne upbeat as restructure costs drive it into the red
Fiddes Payne has slipped into the red as restructuring costs hit the Cake Angels owner
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NewsPernod Ricard reports 'dynamic' sales growth in the UK
The company said performance was boosted by advance shipments linked to recent price increases…
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NewsLDC confirms secondary buyout at Addo Food Group
Details of the transaction have not been disclosed, but the deal – revealed exclusively by The Grocer last week – is understood to value Addo at upwards of £100m.
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NewsCity snapshot: Price increases drive Unilever underlying sales growth of 2.9%
Unilever has posted underlying sales growth of 2.9% in its first quarter, entirely driven by price increases as sales volumes edged down. Plus LDC confirms backing of Addo Food Group buyout, quarterly results from Nestle and Pernod Ricard and all the latest news from the City.
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NewsMedia Bites 20 April: ABF, Tesco, Rémy Cointreau
Associated British Foods has put together a full-time team to work out what impact leaving the European Union will have on Britain’s biggest producer of beet sugar.
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NewsGourmet Game appoints administrators after trading slowdown
A game wholesaler and supplier based in Lincolnshire has ceased trading after falling into administration as a result of a slowdown in trading in France and Belgium in the wake of last year’s terror attacks and the bird flu outbreak hitting demand.
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NewsRivington Biscuit brands marketed for sale
Brands manufactured by failed biscuit supplier Rivington Biscuits are being marketed for sale by an IP consulting firm.
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NewsFinancial distress up 26% on average says Begbies Traynor
Red Flag Alert points to increased cost pressures from rising inflation in both fuel and food
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NewsMedia Bites 19 April: Weetabix, snap election, House of Fraser
The £1.4bn acquisition of British cereal maker Weetabix by US firm Post Holdings generates significant column inches in today’s papers but was overshadowed by the calling of a surprise snap election.
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NewsCity snapshot: ABF scores Brexit boost from weak pound and higher sugar prices
The weak pound and higher sugar prices have boost sales and profits at ABF in the first half. Plus, Tesco sells opticians business to Vision Express, and Heineken updates on first quarter volumes, with UK down on Tesco delisting.
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NewsSurging pound leads to FTSE 100 sell-off after snap election surprise
The FTSE 100 plunged more than 180 points yesterday (or £46bn) to 7,147.50 points as PM Theresa May called a surprise snap election on 8 June
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NewsHundreds of redundancies at Pulse Packaging despite production restarting
More than 150 staff have lost their jobs at consumer goods packaging maker Pulse Flexible Packaging despite administrators recommencing manufacturing at the firm’s two sites.
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NewsACS welcomes general election opportunity to tackle rates
“It is essential that action is taken to reform the business rates system and help retailers to invest” said James Lowman
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NewsVolatile day for sterling as PM calls snap election
The surprise announcement is set to lead to a volatile day on the markets and for the pound.
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NewsPost Holdings seals £1.4bn Weetabix deal
US cereal group Post Holdings has announced it has secured a £1.4bn buyout of Weetabix from its former Chinese owners.
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NewsPost Holdings announces £1.4bn Weetabix deal
Weetabix has been bought by US listed cereal manufacturer Post Holdings – as forecast by The Grocer - for US$1.76bn (£1.4bn)
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NewsMedia Bites 18 April: Tesco/Booker, Weetabix, Bernard Matthews
The boss of Bestway has raised fresh doubts about Tesco’s £3.7bn merger with Booker by highlighting that the latter’s corner shop owners are obligated to buy two thirds of their produce from the wholesaler.
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NewsLDC shows appetite for food deals with MBO at Hill Biscuits
Private equity firm LDC has backed the management buyout of custard creams and bourbons maker Hill Biscuits, in a deal valued at £10m to £15m, The Grocer can reveal.