Finance news – Page 434
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NewsMedia Bites 6 April: Tesco, Boots, Panera Bread
As many as 3,000 jobs could be at risk as Tesco embarks on its latest mission to cut costs by slashing the number of hours its stores are open.
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NewsUnilever to sell spreads, combine food and drink and increase investor returns
Unilever has announced the results of its strategic review this morning, confirming its intention to sell its spreads division as well as combined food and drink into one business, simplify its structure, launch a share buyback programme and increase dividends. Plus all the latest news from the City
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NewsDeliveroo opens kitchens to help restaurants grow takeaway
Deliveroo Editions programme offers third parties access to its 30 new kitchens across the country
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NewsWalgreens Boots revenues slump despite 'solid' Christmas for UK stores
A Christmas sales boost at Boots in the UK was not enough to stop a decline in group revenues at parent Walgreens Boots Alliance during the second quarter.
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NewsTesco to cut more night shifts and 24-hour opening at stores
Tesco is ploughing ahead with more changes to its service model at a further 69 stores, with 3,000 staff facing redundancy as a result
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NewsReal Good Food buys majority stake in Brighter Foods
Real Good Food has acquired a majority stake in Welsh snack food manufacturer Brighter Foods for up to £9m.
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NewsPalmer & Harvey seals refinancing with Imperial and JTI
P&H has agreed a three-year extension on its key tobacco contract with Tesco
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NewsMedia Bites 5 April: Palmer & Harvey, Nisa, Kantar/Nielsen, sugar tax
Wholesaler Palmer and Harvey is set to announce that weeks of uncertainty about the future of the business are now over after it secured a deal with two of the world’s biggest tobacco companies, according to reports. Plus, Nisa boss warns of “enormous pain” after Tesco/Booker merger; and the papers’ takes on Kantar and Nielsen market share data.
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NewsCity snapshot: Food prices soar at fastest rate for two years
Prices in supermarkets rose at the fastest pace for two years last month, with food inflation accelerating to 1% in March. Plus, wholesaler Palmer and Harvey signs lending deal with two tobacco giants
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NewsTayto buys vending machine firm Freedom Refreshments
Northern Irish crisp manufacturer Tayto Group has acquired Leeds-based vending machine company Freedom Refreshments in a “multi-million pound” deal.
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NewsClearly Drinks acquired by PE firm NorthEdge Capital
Soft drinks manufacturer Clearly Drinks Group has secured the backing of private equity firm NorthEdge Capital as consumer demand for flavoured water grows.
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News350 jobs at risk as M&S, Magnum and Ginsters packaging maker collapses
Consumer goods packaging manufacturer Pulse Flexible Packaging, which works with the likes of M&S, Samworth Brothers, Unilever and Walkers Shortbread, has collapsed, putting 350 jobs at risk.
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NewsMedia Bites 4 April: Reckitt Benckiser, Tesco/Booker, Amazon
Reckitt Benckiser’s decision to explore the sale of its food business could pave the way for an eventual sale of its homecare brands as the group sharpens its pivot towards consumer healthcare.
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NewsCity snapshot: Late Easter holds back supermarket sales
The latest grocery market share figures released this morning shows the late Easter this year has held back supermarket sales as food inflation continues to rise.
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NewsEurostock rebrands as Bawnbua Foods as expansion continues
Meat supplier has also secured more than £10m in new supply contracts
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NewsCP Foods acquires Westbridge Food to grow poultry exports to UK and EU
Poultry supplier Westbridge Food Group has been snapped up by Thai food conglomerate CP Foods in a deal worth £60m.
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NewsReckitt Benckiser to sell French's and Frank's Red Hot brands
Sale would be used to reduce Reckitt’s debt created by the Mead Johnson Nutrition Co announced in February.
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NewsReckitt Benckiser lines up sale of French's and Frank's Red Hot
Reckitt Benckiser has announced it is beginning a strategic review of its food business, which includes French’s sauces and Frank’s Red Hot sauces.
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NewsMedia Bites 3 April: Tesco, Reckitt Benckiser, Premier Foods, Co-op, M&S
Tesco remain firmly in the papers over the weekend as its Booker merger continues to enthral the media. Plus, Reckitt Benckiser lines up the sale of its food division.
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NewsPalmer & Harvey extends key Tesco tobacco contract for three more years
New contract will allay immediate concerns about the future of the delivered wholesale giant