Finance news – Page 432
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NewsTesco continues turnaround journey but the City proves hard to please
Analysts hailed Tesco’s turnaround under the leadership of Dave Lewis on Thursday
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NewsAmplify files trademark lawsuit to stop US launch of Metcalfe's Skinny Popcorn
The US owners of Tyrrells and Metcalfe’s Skinny are facing a court battle over their rival popcorn brands
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NewsLaila's Fine Foods expands workforce as sales soar 45%
Fast-growing ready meals supplier Laila’s Fine Foods has posted another year of stellar sales growth
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NewsYoung's boss insists business is 'performing solidly'
CEO Bill Showalter insists business is on sound financial footing amid claims of ‘broken’ capital structure
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NewsWhitworths sale will mean private equity investor takes a bath
With Whitworths up for sale, its private equity owner is set to take a bath on its investment
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NewsCity snapshot: LDC poised for £100m Addo deal
Private equity house LDC is closing in on a takeover of Vision-owned pork pie supplier Addo Food Group worth over £100m. Plus, Saucy Fish Co owner Icelandic Seachill prepares for sale, PZ Cussons on target to hit full-year targets and all the rest of the latest news from the City.
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NewsMedia Bites 13 April: Tesco, WH Smith, Lidl
“Tesco puts (much of) its past behind it” is the headline in The Times (£) this morning as the papers absorbed Tesco’s first UK sales growth for six years and a plunge in its share price.
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NewsLDC closes in on £100m-plus deal for pork supplier Addo
Private equity house LDC is closing in on a takeover of pork pie supplier Addo Food Group to add another food business to its portfolio
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NewsBrewDog crowded out as private equity snaps up 22% stake
BrewDog – which swore it would never ‘sell out’ to institutional investors – has sold a 22% stake to a US PE house
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NewsAF Blakemore and High Noon battle over forecourt proceeds
Blakemore paid £376,000 to High Noon in November 2016 to help pay for wages and fuel
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NewsBranston profits hit by surging potato prices
Sales were up 23% to £123.3m in 2016, according to full-year accounts to 31 July 2016
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NewsIcelandic Seachill to be put up for sale 'within weeks'
Seachill is currently the last remaining food business within the Icelandic Group
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NewsIrish grocery market slips into -0.2% deflation
SuperValu regained the title of Ireland’s largest grocer, having been pipped by Dunnes Stores for the past two months
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NewsBonds owner Innovative Bites swoops for Hancocks in £100m deal
American food wholesaler Innovative Bites has swooped to add Hancocks Cash & Carry to its growing confectionery empire in a deal worth about £100m, The Grocer can reveal.
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NewsMedia Bites 12 April: Pensions regulator, Asda, Majestic Wine
The UK’s pensions lifeboat has helped to block the sale of a packaging company after a prospective buyer drew up plans to dump its retirement scheme obligations
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NewsCity snapshot: Tesco posts first full-year UK sales rise for seven years
Tesco has posted its first full-year like-for-like UK sales growth since 2009/2010 as the supermarket’s recovery under CEO Dave Lewis continues to gather pace
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NewsOscar Mayer acquired by German PE house
UK ready meals supplier Oscar Mayer has been bought by German private equity player Deutsche Beteiligungs (DBAG) as it seeks to build a new European food group.
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NewsRising food prices could boost the discounters
Aldi and Lidl have been tipped to benefit from escalating grocery inflation after inflation remained at 2.3% last month despite rising prices for food, alcohol and tobacco.
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NewsLabour to 'declare war on late payments' to small businesses
Jeremy Corbyn will also pledge not to increase the corporation tax rate for small businesses…
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NewsSpar wholesaler Henderson sees record financial year
Henderson increased pre-tax profits by 11% to £24m and invested a record £34m throughout retail infrastructure and employment