All Finance articles – Page 175
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NewsMedia Bites 3 Nov: THG, EG Group, Morrisons
Shares in the Hut Group hit an all-time low on Tuesday after it emerged that BlackRock was halving its stake in the online retailer
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NewsCity Snapshot: Pets at Home boss Peter Pritchard to leave pet care retailer
Pets at Home Group CEO Peter Pritchard is to leave the retailer after 11 years with the business. Plus, Coca-Cola HBC reports strong Q3.
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NewsJohn Lewis Partnership takes on new £420m credit linked to environmental targets
The new credit is set to support the group’s current sustainability commitments
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NewsCity snapshot: HelloFresh raises growth expectations on continued strong sales
Meal kit supplier HelloFresh has upped its full year sales forecast after continued strong customer and revenue growth in its third quarter
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NewsMedia Bites 2 November: THG, Coca-Cola
THG’s troubles look set to continue as BlackRock prepares to sell 55 million shares, while Coca-Cola is to buy the remaining stake in Body Armor that it did not already own for $5.6bn.
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NewsRe:Nourish ramps up global ambitions in £2m funding round
The investment will be used to spearhead the latest launches into the Middle East, Far East and other territories
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NewsCoca-Cola agrees $5.6bn takeover of sports drinks brand BodyArmor
Coca-Cola has taken full control of sports drinks group Body Armor for $5.6bn (£4.1bn) after identifying further “significant potential” for long-term growth.
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NewsCraft rum brand Libations beats crowdfunding target
Craft rum brand Libations has raised almost £200k from the crowd to bring its production in-house and open a distillery in Yorkshire.
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NewsStrangeways raises six-figure crowd sum to grow CBD spirits range
CBD spirits start-up Strangeways has beaten a £120,000 crowdfunding target to expand distribution in supermarkets and develop new products.
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NewsHopes rise for Reckitt Benckiser after troubled pandemic performance
The Dettol maker raised its full-year revenue forecast after a stronger third quarter than forecast
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NewsMedia Bites 1 Nov: Asda, Morrisons, Greggs
Asda’s billionaire owners are looking at expanding the chain into continental Europe
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NewsCity Snapshot: Coca-Cola lines up full BodyArmor takeover
Coca-Cola is set to take full control of US sports drink company BodyArmor for $5.6bn.
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NewsTyphoo sets sights on return to profit after rationalising range
The tea supplier almost halved losses in the run-up to recent investment
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NewsFood & drink sector headwinds keep the lid on M&A activity
Food and drink M&A volumes remained relatively subdued in the third quarter as mounting headwinds constrained dealmaking in the sector.
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NewsCompetition watchdog opens investigation into £7.1bn CD&R takeover of Morrisons
Any issues for the CMA are likely to centre around Morrisons’ forecourt operations and the CD&R-owned Motor Fuel Group
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NewsCity snapshot: Hilton Food Group buys Fairfax Meadow for £23.8m
Hilton Food Group has acquired the entire share capital of UK-based foodservice meat supplier Fairfax Meadow Europe from Argent Food Group for £23.8m.
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NewsMedia Bites 29 October: Tesco/Gorillas, Amazon, AB InBev, Virgin Wines
Tesco’s new partnership with Gorillas is picked up by all the papers, along with coverage of Amazon’s latest trading update.
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NewsBiscuit International strikes 'landmark' deal with acquisition of Continental Bakeries
Biscuit International has acquired Continental Bakeries as the PE-owned group strengthens its position as one of the biggest players in the European private label biscuit market.
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NewsNick’s accelerates UK expansion plans thanks to $100m funding pot
CEO Stefan Lagerqvist told The Grocer the business was aiming to follow the rapid expansion of fellow Swedish brand Oatly but in the better-for-you category.
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NewsCarlsberg upgrades 2021 profits guidance as reopening of pubs boosts Q3
Danish brewer Carlsberg has lifted its profit forecasts for the year thanks to a better-than expected performance in the third quarter and start of the final three months of 2021 as drinkers returned to pubs and restaurants.