Finance news – Page 510
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NewsMedia Bites 24 March: BHS, Premier Foods
BHS has been “pulled back from the brink” after landlords backed its plan to reduce rent on half its stores.
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NewsTayto owner Manderley reports higher earnings but sales drop
The owner of Northern Irish snacks manufacturer Tayto has reported a boost in earnings despite a sales drop in a “challenging” market.
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NewsPeter Ellis appointed MD of Mission Foods in UK & Ireland
The flat breads maker’s new boss joins from Premier Foods
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NewsJonathan Russell steps into 2 Sisters group procurement role
Ex-Iceland buyer will be in charge of supplier’s £1.5 billion purchasing budget
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NewsPremier Foods rejects McCormick approach for Nissin Foods tie-up
Oxo and Mr Kipling owner Premier Foods has rejected a 60p per share cash approach from US food giant McCormick, instead opting to forge a strategic partnership with Japan’s Nissin Foods.
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NewsCity snapshot: Premier Foods rejects McCormick bid
McCormick bid 52p per share on 12 February and upped its offer last week
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NewsMedia Bites 23 March: Tesco, BHS, British American Tobacco
Tesco is “taking small but real steps towards recovery”, according to this morning’s Financial Times.
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NewsMolson Coors receives £100,000 fine for River Wey pollution
The brewery expresses “regret” after pleading guilty to discharging waste
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NewsMondelez hits back at Cadbury 'broken promises' allegations
The company dismissed Channel 4’s Dispatches programme as “misleading and one-sided”
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NewsMajestic Wine-owned Naked Wines hits £100m of annual sales
The company’s now has more than 300,000 ‘mature’ angels – customers who have been customers for over four months
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NewsMedia Bites 22 March: Costa Coffee, Tesco, Pets at Home
Takeover and break-up talk swirl around Costa Coffee and Premier Inn owner Whitbread.
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NewsLily O’Brien’s finding life sweet in the UK
Irish chocolatier Lily O’Brien’s has taken a bigger bite out of the UK retail market with sales in the country jumping 30% in 2015.
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NewsStandard & Poor’s cuts Casino’s credit rating to junk
French hypermarket group Casino has lost its investment grade credit rating with Standard & Poor’s after its long term debt ratings were cut by one notch to BB+.
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NewsMPM Products eyes bigger share of global petfood market after £50m deal
Luxury petfood manufacturer MPM Products is set to accelerate international growth after selling a majority stake to ECI Partners for £50m.
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NewsPact Coffee pulls plug on £1m crowdfunding pitch
Pact Coffee has pulled the plug on its ambitious crowdfunding campaign to raise £1m as a result of weak investor interest
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NewsCargill to cut production at Hereford poultry plant
Cargill said it lost the Asda B&B business during a “competitive tendering process”
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NewsLindsey Pownall joins Tesco as non-executive director
Pownall stepped down as Samworth Brothers chief executive in December
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NewsMedia Bites 21 March: Sainsbury's, sugar tax, My Local, BHS, BAT
This weekend’s papers are dominated by Sainsbury’s coming out on top in the bid to buy Argos and the fallout from George Osborne’s controversial sugar tax, with soft drinks giants, led by Coke, preparing to sue the government. Plus My Local among bidders for 100 former Somerfield stores.
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NewsMPM Products seals £50m private equity deal
Premium petfood maker MPM Products has been snapped up by private equity firm ECI for about £50m
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NewsSainsbury’s makes improved £1.4bn bid for Argos owner Home Retail Group
Sainsbury’s has confirmed it has made a tweaked £1.4bn bid for Home Retail Group after its rival in the bidding battle pulled out of the race today.