All Finance articles – Page 227
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NewsMedia Bites 12 November: Tate & Lyle, M&S, Wetherspoons, Guinness
Tate & Lyle Sugars, a prominent corporate backer of Brexit, has warned of sugar and syrup shortages in Northern Ireland in the new year, due to lack of clarity over the UK and EU trade relationship.
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NewsFormer Godiva CEO buys majority stake in Artisan du Chocolat
Artisan employs 80 staff in the UK at its workshop in Kent and at three retail boutiques in London
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NewsNomad Foods unifies Findus with €110m Switzerland deal
The transaction unifies the Findus brand across Europe under the Nomad umbrella
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NewsMedia Bites 11 November: Amazon, Sunday trading, Premier Foods
Amazon has been charged by the European commission with using the sales data of independent retailers selling through its site to illegally gain an advantage in the European marketplace
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NewsCity snapshot: Coca-Cola HBC puts fizz back in trading as countries emerge from lockdown
Coke bottler Coca-Cola HBC has reported “strongly” improved trading in the the third quarter as its markets across Europe and Africa reopened, but volumes cotinued to be affected by the ongoing coronavirus pandemic. Plus, grocery tech firm Eagle Eye has signed a five-year agreement with Australian retail chain Woolworths Group, and markets continued to rally yesterday on vaccine hopes.
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NewsPremier Foods wins over consumers during lockdown as sales boom
Premier Foods boss Alex Whitehouse is confident the group can hold on to the wave of new shoppers flocking to its household favourites
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NewsEG Group expands US network with acquisition of Schrader Oil
The business operates 18 convenience retail stores and fuel stations in Northern Colorado and employs 150 staff
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NewsCity snapshot: Premier Foods upgrades profits outlook after ‘exceptional’ half
Premier Foods has raised its profit expectations for the year after “exceptionally” strong first-half results as consumers flocked back to its stable of household brands during the coronavirus pandemic. Plus, the latest Kantar and Nielsen supermarket data shows no sign of rampant panic buying after the new lockdown was announced. And the latest BRC-KPMG retail sales report. Finally, a host of food and drink stocks rallied yesterday after the hopeful vaccine announcement by Pfizer.
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NewsMedia Bites 10 November: Covid vaccine, Reckitt Benckiser, Ocado, EG Group
Global markets roared higher in a rally led by companies hit hardest by the pandemic after Pfizer and BioNTech revealed a breakthrough in the race to find a vaccine for Covid-19.
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NewsPAI Partners swoops for Addo Food Group and Winterbotham Darby
Addo Food Group and olives and antipasti supplier Winterbotham Darby have been snapped up in a joint chilled foods acquisition for an undisclosed sum
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NewsNestlé buys Mindful Chef to bulk up direct-to-consumer portfolio
Nestlé has acquired a majority stake in recipe kit business for an undisclosed sum to beef up its direct-to-consumer offering in the UK
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NewsCity snapshot: MPM snapped up by 3i Group in £125m deal
Premium pet food manufacturer MPM has been sold by ECI Partners to private equity investor 3i Group as the flurry of deals in the petcare space continues. Plus, Nestlé has acquired a majority stake in recipe kit business Mindful Chef for an undisclosed sum. And the FTSE 100 rallies after news of a victory for President-Elect Joe Biden.
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NewsMedia Bites 9 November: Brexit, Nestlé, Hovis, Tesco, M&S
The papers are fit to burst with news that Joe Biden was declared as the next President of the US after a protracted election. But there was still plenty going on in food and drink over the weekend.
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NewsSt Austell Brewery records £10m first-half loss
St Austell Brewery has plunged to a loss of £10m in the first half of 2020, despite record supermarket sales during the coronavirus pandemic. Total turnover collapsed by 90% when all 178 of its pubs and hotels were forced to close in March as the country went ...
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NewsKilo yoghurt pot sales offset decline at Lancashire Farm
The Rochdale-headquartered dairy said retail volumes were up as much as 40% in March and April
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NewsPrice cuts drive Morrisons in to price deflation in latest Grocer Price Index survey
Morrisons’ latest price cuts have helped the supermarket into annual deflation
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NewsMedia Bites 6 Nov: Sainsbury’s, Lockdown/Retail, Brexit
The papers disect Sainsbury’s plans to close more than 400 Argos stores and accelerate plans to cut costs following the Covid-19 pandemic
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NewsCity Snapshot: Hovis sold to PE firm Endless
Bakery brand Hovis has been acquired by private equity firm Endless for an undisclosed sum, the company has announced this morning.
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NewsCJ Lang reports 18% sales growth since April
The Scottish Spar wholesaler this week reported a 3.4% increase in sales for the year to 31 April
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NewsMedia Bites 5 Nov: M&S, John Lewis, Premier Foods
Marks & Spencer swung to a loss for the first time in its 94 years as a public company as it warned of ‘significant uncertainty’ ahead due to the pandemic and Brexit