All Finance articles – Page 161
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NewsNewlat enters UK with Symington’s deal as it targets growing sales to €1bn
Italian dairy and pasta group Newlat Food has made its first foray into the UK with the acquisition of Symington’s as part of its plans to grow sales to €1bn across Europe
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NewsUnited Biscuits gets boost in pandemic
Newly filed UK accounts for the year to 31 December show the Pladis-owned biscuits giant grew sales by 4.1% to £867.5m
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NewsFortress ups Morrisons offer to £6.7bn in attempt to head off battle with CD&R
Fortress Investments and Morrisons has announced they have agreed a new higher 272p per share offer for the supermarket to attempt to head off a possible counter-bid by Clayton Dubilier & Rice
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NewsCity snapshot: Retail footfall recovery slows in July
Shoppers are proving slow to return to the high street and shopping centres, according to the latest footfall data from BRC-Sensormatic IQ
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NewsMedia Bites 6 August: Oatly, Inflation, Hammerson
A family-run farm has won a legal battle against the multimillion-pound makers of plant milk, Oatly
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NewsNomad Foods sales slow down as Covid crisis passes
Sales have dipped at Nomad Foods as the frozen food specialist dealt with lower consumer demand as Covid restrictions eased and also came up against comparisons with the peak stockpiling period at the start of the outbreak in 2020.
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NewsCity snapshot: Beiersdorf bounces back to pre-Covid levels and skincare demand returns
Nivea owner Beiersdorf has bounced back to pre-Covid levels of sales and skincare demand rebounded in the first half of the year
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NewsMedia Bites 5 August: John Lewis, National Lottery, Philip Morris
John Lewis was included on a list of employers “named and shamed” by the UK government for paying staff below the legal minimum on Thursday, as ministers seek to show they are clamping down on abuses of workers’ rights.
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NewsItalian food group Newlat acquires branded supplier Symington’s
Family-owned Italian dairy and pasta group Newlat Food has agreed a deal to buy Ragu and Chicken Tonight manufacturer Symington’s
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Analysis and FeaturesWhy private equity wants to take UK food and drink assets off the shelf
As the bidding war for Morrisons heats up, which other grocery retailers and suppliers could be vulnerable to private equity approaches?
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NewsDavid Milner steps down as Lily’s Kitchen CEO
Milner left the business at the end of June after deciding to step down from the business to focus on new opportunities
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NewsPepsiCo sells Tropicana and Naked juice brands to PAI Partner for $3.3bn
PAI will take a 61% holding in the likes of Tropicana and Naked, as well as other brands, with PepsiCo retaining a 39% stake
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NewsCity Snapshot: The Hut Group acquire Cult Beauty for £275m
E-commerce giant The Hut Group has expanded its beauty portfolio with the £275m acquisition of online prestige retailer Cult Beauty.
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NewsSnacking group Wholebake acquired by private equity firm
Cereal bar maker Wholebake has been snapped up by new private equity owners as investors continue to target the healthier snacking category.
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NewsMedia Bites 4 August: PepsiCo, Greggs, Domino’s
PepsiCo has agreed to sell a controlling stake in its Tropicana and Naked Juice brands to French private equity firm PAI Partners for $3.3bn
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Comment and OpinionGreggs is back in profit, but rising costs are a dampener on celebrations
Greggs became the latest food company to point to rising costs as a major threat to profitability
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NewsPilgrims Choice owner Ornua Foods UK posts ‘strong’ pandemic results
The UK arm of Irish dairy co-op Ornua saw sales grow by £57m, with pre-tax profits growing by £1.1m
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NewsCity snapshot: Greggs to create 500 jobs as first half sales and profits rebound
Greggs has bounced back to first half profitability as sales recovered due to the relaxation of coronavirus restrictions
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NewsMedia Bites 3 August: Morrisons, Bolt, Heineken, Chapel Down
Shares in Morrisons hit their highest level since 2013 yesterday as investors prepared for a bidding war between two private equity groups.
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Comment and OpinionA meat tax isn’t reasonable now, but the conversation is far from over
A tax on meat would be regressive, with the price of alternatives as it is. But technology could see that change