Finance news – Page 466
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NewsTesco scrapping over 1,700 management jobs
Tesco is doing away with the roles of people manager and compliance manager in its large stores and fulfilment centres
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NewsBacardi snaps up posh tequila Patrón in $5.1bn deal
Bacardi said the deal would make it ‘the number one spirits player in the super-premium segment in the US’…
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NewsCandy Kittens sells stake to German confectionery giant Katjes
Candy Kittens, the UK sweets startup co-founded by Made in Chelsea star Jamie Laing, has sold a “significant” minority stake to German confectionery company Katjes Fassin.
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NewsCity snapshot: SSP Group’s revenues up 13.5% in first quarter
Travel food specialist SSP Group has increased sales by 13.5% in the first quarter, driven by like-for-like growth, contract wins and global expansion. Bacardi buys Patrón Spirits for $5.1bn, UK snow hits Christmas trading at Marston’s, Ocado’s shares surge 28% on Canada tie-up and all the rest of the latest news on a busy morning in the City
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NewsMedia Bites 23 Jan: Tesco, Ocado, Nestlé
“Managers in firing line as Tesco jobs go” is the leading story in this morning’s edition of The Times.
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NewsSebastian James appointed senior VP and MD of Boots
James, who has held the top job at Dixons Carphone since 2014, will take on his new role at Boots in September
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NewsMedia Bites 22 Jan: Poundland, Amazon, Fevertree
Private equity firms have begun circling Poundland amid expectations that its scandal-ridden South African owner could be forced to sell the high street chain.
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NewsCity snapshot: Ocado signs Canada supply deal with Sobeys
Ocado has signed an agreement with Canada’s second largest food retailer Sobeys to develop an online grocery business using its Smart Platform technology.
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NewsSHS Group tipped to be closing in on Meridian
Nut butter brand Meridian is close to a £50m takeover, with SHS Group poised to win the highly competitive auction.
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NewsPremier Foods boosted by non-branded, discounter sales
More evidence has emerged that Premier is tapping into discounter growth to boost sales…
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NewsSymington's recovery on track following drive to reduce costs
Symington’s is back into the black as a turnaround strategy has started to yield results…
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NewsJudith McKenna set to helm Walmart's international division
McKenna would take over from current international boss and fellow Brit Dave Cheesewright, said Bloomberg
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NewsCity snapshot: SHS Group tipped as winner of £50m Meridian auction
Nut butter brand Meridian is closing in on a £50m takeover, with SHS Group as poised to win the highly competitive auction according to City insiders. Plus FeverTree surges on takeover whispers, ABF shares hit by sugar weakness and all the rest of the latest news from the City.
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NewsMedia Bites 19 January: Steinhoff, FeverTree, ABF, Costa
Steinhoff International, the scandal-hit South African retail conglomerate, is in talks with banks to secure additional financing to keep the company afloat.
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NewsPalmer & Harvey vans, lorries and trailers to go into auction
The vehicles that will be auctioned on Tuesday and Wednesday next week
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News2 Sisters defends Efra MPs ‘biscuit-gate’ gift
The supplier sent members of the Committee hampers of biscuits following CEO Ranjit Singh’s appearance in October
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NewsMedia Bites 18 January: Nomad/Goodfella's, 2 Sisters, Walmart
The sale of Goodfella’s Pizza to Nomad Foods generates column inches this morning, alongside news that Ranjit Boparan has had his wrist slapped after being accused of sending unsolicited gifts to the MPs investigating his 2 Sisters food company’s recent poultry safety scandal.
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NewsCity snapshot: Low sugar prices hold back sales at ABF
Currency tailwinds have boosted revenues at Associated British Foods in the past quarter, but a slump in the sugar business dragged on the Primark owner in the Christmas period. Plus, a (very short) maiden trading update from Bakkavor; Finsbury Food gets back on track in first half; and Science in Sport becomes the official sports nutrition partner of Manchester United
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NewsSysco Corporation agrees deal to take over Kent Frozen Foods
The acquisition of KFF is subject to Competition & Markets Authority approval…
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NewsBirds Eye owner Nomad swoops for Goodfella's Pizza in £200m deal
Birds Eye owner Nomad Foods has agreed to acquire Goodfella’s Pizza from 2 Sisters Food Group for €225m (£199m) to expand its frozen food empire.