Finance news – Page 450
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NewsC&C Group in talks to buy Conviviality's Matthew Clark and Bibendum
C&C Group, with the support of AB InBev, is in advanced talks to buy Matthew Clark and Bibendum from stricken Conviviality for a nominal sum.
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NewsMedia Bites 4 April: Conviviality, Shop prices, Young’s Seafood
Chinese private equity firm ZQ Capital is front runner to buy Conviviality, according to the Daily Mail, with ZQ likely to bid for the whole group.
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News'Blueprinting' stores is 'dead', says Sainsbury's
Tailoring individual supermarkets to local customers’ grocery needs ‘key to serving customers effectively’
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NewsEurope-wide grocery spend surges as inflation bites
The amount Europeans spent on groceries climbed 4.4% in the final quarter of 2017 – the highest rise since early 2012, Nielsen’s latest retail performance data reveals.
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NewsMedia Bites 3 April: Conviviality, Bank Holiday footfall, Westmorland
Conviviality investors are mulling suing the board amid claims the directors misled them about the health of the sprawling drinks business’s finances, reports The Times.
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NewsRefresco-Cott merger greenlit following offer to sell plant
The latest categorical acceptance means the CMA will not refer the merger for an in-depth investigation
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NewsRGF finds temporary cashflow solution as shareholders step in
Three of the company’s major shareholders have provided up to £4m in the form of a draw-down loan note facility
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NewsConstellation Brands fourth-quarter sales exceed estimates
The company said its beer portfolio was the number one growth contributor to the US beer market
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NewsCostcutter rejected Bestway proposal after Co-op deal
Sources close to both parties told The Grocer this week that Bestway approached Costcutter in December
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NewsMedia Bites 29 March: Conviviality, Reckitt Benckiser, Coca-Cola
Bargain Booze and Wine Rack owner Conviviality has failed to raise £125m required to resolve its cash crisis
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NewsCity snapshot: Conviviality files notice to appoint administrators
Conviviality has announced the board intends to appoint administrators within 10 business days, GfK’s Consumer Confidence Index increased three points in March and all the other news from the City
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NewsConviviality on the brink after failing to raise £125m
Shareholders expected to receive “little-to-no value”
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NewsFive Star Fish faces closure as 2 Sisters consults on 'heavily loss-making' business
Nearly 400 staff at the Grimsby-based operation are now facing redundancy
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NewsUK farming union leaders call for fair post-Brexit policies
They called on the government to ensure the outcome of Brexit allows UK farmers to deliver high quality and affordable food
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NewsUS spice giant McCormick reports 'great start' to 2018
Net Q1 sales rose 19.2% from $1.04bn (£739m) to $1.24bn (£876m), reported chariman, president and CEO Lawrence Kurzius
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NewsNFU Scotland's plans for a post-Brexit agricultural policy
The farming group launched a document outlining future plans outside Holyrood on Wednesday
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NewsUS vs China dispute threatens global pork trade
The superpowers held crisis talks this week to settle an escalating trade dispute
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NewsCity snapshot: UK to introduce deposit return scheme
Michael Gove has said a deposit return scheme (DRS) will be introduced in the UK, Hilton Food Group sees profits rise, Real Good Food temporarily resolves cashflow pressures and all the other news from the City
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NewsMedia Bites 28 March: GSK, Tyson Foods, Walmart
Glaxosmithkline (GSK) has agreed to take full control of its consumer healthcare joint venture from Novartis. It will buy the remaining 36.5% stake in the business, whose brands include Panadol and Sensodyne, for £9.2bn. It will also launch a strategic review of its nutrition products, including Horlicks ...
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NewsEaster spending predicted to reach £824m
Discounters Lidl and Aldi are set to emerge as winners, according to a shopper survey by marketing agency Savvy