Finance news – Page 49
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NewsDoorDash acquisition of Deliveroo approved by board
US food delivery giant DoorDash is to acquire Deliveroo for £2.9bn
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NewsOppo ice cream disappears from Tesco following ‘pressure on price’
It ‘wasn’t economical for us to continue being a supplier to Tesco’ said Oppo
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NewsValeo acquires Italian sweet bakery manufacturer Freddi Dolciaria
Sponge cake specialist Freddi Dolciaria is headquartered in Castiglione delle Stiviere
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NewsMedia Bites 2 May: UK exports, Amazon results, Harrods cyberattack
Global demand for British goods has suffered its biggest downturn since the height of the pandemic
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NewsPernod sells wine business to Accolade, creating new Vinarchy brand
Pernod Ricard has sold its entire international wine business to the owner of Accolade Wines
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NewsItalian vertical farmer ploughing £25m into new UK facility
Planet Farms will start supplying Waitrose stores in the UK this week
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NewsTesco central Europe CEO to leave after 30 years
Tesco’s central Europe CEO is leaving the supermarket giant after 30 years with the company
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NewsMedia Bites 1 May: Post Office, Starbucks, Royal Mail takeover
The government will give ‘recognition’ payments to Post Office Capture victims before they receive full compensation
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NewsBoparan bounces back into profitability on back of efficiencies and new business wins
A £28m pre-tax loss in its previous accounts swung by £63.5m into a £35.5m profit before tax for the year to 27 July 2024
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NewsAG Barr in early talks to offload Strathmore water
Soft drinks giant AG Barr is looking to offload Strathmore water just one month after announcing it was scrapping the brand completely
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NewsUnilever quizzed over climate whistleblower claims with Tesco next in firing line
Campaign group ShareAction will question Unilever over its resilience planning and food supply chain management in the face of climate change
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NewsCoca-Cola HBC’s ‘strong start’ to 2025 buoyed by emerging markets
Organic revenue increased by 10.6% in the first quarter of 2025, with 1.8% growth in volumes
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NewsRémy Cointreau suffers sales declines as consumption falls in America
Rémy Cointreau was hit by ‘continued destocking’ as drinking habits changed
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NewsMedia Bites 30 April: Amazon, Coca-Cola, M&S cyber hack, Starbucks
Amazon boss Jeff Bezos reportedly received an angry call from US President Donald Trump accusing the online retail giant of a ‘hostile political act’
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NewsCCEP’s ‘strategic’ offloading of Capri-Sun brings volume declines
CCEP reported revenue of €4.7bn during the first three months of 2025
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NewsAB Foods holds firm on Primark but cuts sugar guidance after £16m loss
Associated British Foods has held firm on its guidance for Primark and most other business divisions for the second half of 2025
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NewsMedia Bites 29 April: sugar tax extension, M&S cyber woes, food inflation
Chancellor Rachel Reeves announced in her autumn budget last year that the government was considering widening the levy
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NewsFood inflation hits 11-month high as retailers hit by ‘mountain’ of rising employment costs
Food inflation hit 2.6% in April as everyday essentials such as bread, meat and fish all increased in price, according to the BRC
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NewsHeck grows profit in latest accounts and points to strong performance this year
Heck saw profits rise by almost 80% last year and says it is now back on track for growth
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NewsPoundland sale edges closer as investors table offers
The sale of high street discounter Poundland is edging closer after a raft of investors and private equity giants tabled offers last week