All articles by Henry Saker-Clark – Page 17
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NewsPepsiCo agrees to buy SodaStream in $3.2bn deal
Pepsico has agreed to buy home soft-drink-making business SodaStream International in a $3.2bn deal, Sainsbury and Asda could have to dispose stores in as many as 300 locations and all the rest of the latest news from the City.
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NewsMedia Bites 20 Aug: Sainsbury's/Asda, PepsiCo, and Amazon
J Sainsbury and Asda could have to dispose of stores in up to 300 locations across Britain if the two grocers are to succeed in convincing regulators to approve their proposed merger, reports The Times
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Analysis & FeaturesWhat does Valeo Foods have planned for sweet group Tangerine?
Valeo Foods is on the verge of snapping up Tangerine in the hopes it can sweeten its existing investment in the sugary snacks category.
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NewsTuk Tuk Chai ditches dragon’s investment for crowdfunding
The chilled drink manufacturer appeared on Dragon’s Den but confirmed after filming it decided to walk away from the deal in favour of a £150k cash injection from the crowd
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NewsSnack brands Pastinos and Raw Chocolate Co appoint administrators
Pastinos pasta snacks is on the market for a potential rescue deal, while Sussex-based The Raw Chocolate Co was bought from administration, saving a dozen jobs
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NewsSignature Flatbreads begin recruitment drive after £10m cash boost
Sales jumped 17% over the past year, the company said, with working capital and a recruitment drive needed to upscale production
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Category ReportYoung, single and roasting: Sunday roast category report 2018
Demographic data by Kantar paints an interesting picture of who’s eating roasts. Almost all age groups have upped their consumption
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NewsCity snapshot: Tuk Tuk Chai ditches Dragons' Den for crowdfund cash
A chilled chai drink manufacturer which secured a £100k investment on Dragons’ Den has ditched the funding in favour of a crowdfunded cash injection, Vaping should be promoted as a less harmful alternative to smoking by the government, a committee of MPs has said today and the rest of the news from the City.
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NewsMedia Bites 17 Aug: Asda, Carlsberg, UK retail sales
Asda has secured its fifth straight quarter of rising sales, boosted by an expanded vegan range and the launch of premium gins
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NewsChewy Moon reaches out to crowd to fund retail expansion
Direct-to-consumer children’s snack company Chewy Moon has reached out to the crowd for a cash injection to fund a move into retail stores.
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NewsCoca-Cola European partners flattened by France and Spain despite levy boost
The soft drink levy provided a much-needed boost for CCEP despite being expected to stifle fizzy drink makers as sales dived elsewhere in Western Europe
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NewsOppo secures funding to ease cash shortfall after growth
The fast-growing business secured the loan from private investors following 500% sales growth this summer
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NewsNew owners bring cereal bar maker Halo Foods back in profit
The Harvest Cheweee maker completed a turnaround in 2017 to jump up to a £361k pre-tax profit from a £3.1m operating loss
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NewsCity Snapshot: Valeo Foods set to buy Dip-Dab maker Tangerine in £100m-plus deal
The owner of Fox’s mints is reportedly set to buy Tangerine, the maker of classic sweets including Dip-Dab and Blackjacks, in a £100m-plus deal. Plus, sources close to Poundworld’s administrators have advised caution over reports today that 50 branches of the discounter chain have been saved and the rest of the latest news from the City.
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NewsMedia Bites 10 Aug: Poundworld, Tangerine, Coca-Cola Hellenic
An Irish family that owned a chain of discount retailers has agreed to buy 50 Poundworld stores on the last day of trading for the collapsed business
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NewsVolumes slide at CCEP after second quarter sales slumps in western Europe
CCEP’s total comparable revenues grew 1% in the half-year to 29 June 2018, as it was supported by strong sales growth in the UK.
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NewsFirst half profits rise 8.6% at Stock Spirits Group
Premium spirit supplier Stock Spirit Group (STCK) saw profits jump 8.6% for the half-year, despite “challenges in its core markets”.
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NewsMedia bites: Jacob's, Fever-Tree, Iceland
McVitie’s owner Pladis is reportedly eyeing a £100million sale of savoury biscuit maker Jacob’s.
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NewsProfits tumble at Wrigley UK as chewing gum sales wane
Profits at Extra and Juicy Fruit chewing gum maker Wrigley tumbled by a third last year, as category sales continued to decline
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NewsTesco-Carrefour alliance to be operational by October
Tesco’s strategic alliance with French hypermarket Carrefour will be operational by October.