All Finance articles – Page 63
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News
Media Bites 5 June: Asda, Butternut Box, Morrisons
The £450m being invested into the Asda acqusition of EG Group comes from the supermarket’s own assets
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News
Montezuma’s Chocolate rescued by Paramount Retail Group
The confectionery maker and retailer has been rescued in a deal that sees the chocolatier’s founders return to the business
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News
City News: B&M boosted by cost-conscious shoppers as sales soar
The rise of cost-conscious shoppers has bolstered B&M’s annual sales to almost £5bn, sending its share price soaring this week
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News
Charlie Bigham’s growth surges but input costs hit hard
Charlie Bigham’s has continued its post-pandemic growth surge, but margins have been hit by delays passing on soaring input inflation to retailers and shoppers
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News
Oscar Mayer is taken over by lender following financial restructure
UK ready meals supplier Oscar Mayer has been taken over by its institutional lender following a financial restructuring, documents show
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News
Valeo continues to build leadership team with new CFO
Valeo Foods Group has announced Louis-Francois Gombert will join as group CFO as it continues to build out its senior management team
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Analysis and Features
Asda’s EG Group acquisition: everything you need to know
Asda has acquired EG Group’s UK & Ireland operations, and sees a ‘huge runway’ for growth to become the UK’s second-largest grocer again
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News
New healthy food wholesaler Dundeis acquires Minton’s Good Foods
A new healthy food distributor started by former Tree of Life employees has acquired Welsh wholesaler Minton’s Good Foods as it continues to build capability ahead of a full launch later this year.
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News
City snapshot: PayPoint profits at top end of expectations after ‘positive’ year
Payments specialist PayPoint has grown revenues by £10m last year and said profits will be at the top end of expectations
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News
Belazu adds miso to line up with Miso Tasty acquisition
Miso Tasty founder Bonnie Chung remains part of the business and is working with Belazu on the integration and transition, while all staff have also transferred across to the new owner.
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News
Media Bites 2 June: Recycling, UK manufacturing, Farming
Britain’s biggest retailers and food manufacturers are stepping up lobbying on the government to delay landmark environmental reforms
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Analysis and Features
Food price inflation: why is it falling slower than other nations?
Brexit, currency and government policy are all having an additional inflationary effect but what could be done to drive prices down faster?
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News
City snapshot: Rémy Cointreau reports profits rise but warns of US slowdown
Rémy Cointreau has reported a double-digit jump in sale and profits last year, but warned sales growth will be wiped out in the current financial year by a sharp slowdown of consumption in the US
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News
Media Bites 1 June: Iceland, price cap, inflation, petrol prices, B&M, WH Smith
There’s plenty of variety in this morning’s papers when it comes to fmcg stories.
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Comment and Opinion
How the north-south divide is playing out in cost of living crisis
Real household inflation is not equal across the UK when weighted for the proportion of household spend, says Steph Cullen, head of UK CPG at Circana
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News
Serious Sweets acquires rock maker John Bull Confectioners
Serious Sweets has continued on the acquisition trail, having bought premium marshmallow brand Mallow & Marsh in February
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News
Government declared ‘not fit for purpose’ over price cap plan
Supermarket and supplier bosses are understood to be fuming over the plans, which were leaked to the Daily Telegraph at the weekend
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News
Media Bites 31 May: Asda/EG Group, price caps, Unilever
The billionaire Issa brothers have agreed to sell EG Group’s UK and Ireland petrol and forecourt operations to Asda in deal that will add £770m in new loans to the business empire’s heavy debts
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News
City snapshot: B&M boosted by price-conscious shoppers
Revenues at B&M have jumped 6.6% to £5bn as cost-conscious shoppers turned to discounters to help manage the cost-of-living crisis. Plus, the latest NIQ supermarket till roll data, and trading updates from WH Smith and Bakkavor.
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News
Meatless Farm hires Kroll to save its plant-based skin
The Leeds-headquartered business has hired advisors at the restructuring and insolvency specialist to run an early options process in a bid to save the brand