City snapshot: ‘Distressed’ deals boost fourth quarter food and drink M&A numbers

UK food and drink deal volumes edged upwards in 2019, though the final quarter was aided by a high number of ‘distressed’ M&A deals as tough macro-economic conditions continue to constrain dealmaking in the sector. Plus, Beyond Meat fails to hit market expectations, share prices plunge again and all the rest of the latest news from the City.