All The Grocer articles in 13 June 2015 – Page 11
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NewsFerrero completes £112m Thorntons acqusition
Italian chocolate group Ferrero has today completed its acquisition of Thorntons following regulatory approval.
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NewsEmmi upgrades earnings forecast after beating first half expectations
Swiss food group Emmi beat revenue expectations in the first half of 2015 despite sales slipping 3.8% to CHF1.56bn.
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NewsBritish American Tobacco agrees deal for Brazil’s Souza Cruz
British American Tobacco is set to take full control of Brazilian tobacco firm Souza Cruz after agreeing a deal with major shareholder Aberdeen Asset Management.
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Analysis & FeaturesChinese crisis batters UK grocery shares
Global markets have crashed on what’s being dubbed as another “Black Monday” on the stock market, with the FTSE 100 down to its lowest level since 2012.
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NewsThree bidders vie for Tesco's South Korean arm
Bidders include Affinity Equity Partners and KKR & Co, Carlyle Group, and MBK Partners
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NewsPernod Ricard suffers €404m Absolut write-down
Pernod Ricard undershot industry performance expectations for the 2014/15 financial year after the drinks company decided to book an impairment charge of €404m on its biggest brand, Absolut
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NewsPoundland launches online trial
Poundland has announced the launch of an online retail offer in the UK.
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NewsArla’s first half revenues drop 3.8% as milk prices plunge
Arla Foods saw overall revenues drop 3.8% in the first six months of the year as declining global milk prices hit the dairy industry.
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NewsContactless payments tipped to soar as new £30 limit comes in
The average supermarket shop of £25.17 now falls below the contactless payment limit
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NewsMedia Bites 2 Sep: Poundland, UK manufacturing, contactless payments
On a quiet day for grocery news, the major story is yesterday’s announcement by Poundland that it is launching an online service.
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NewsCity snapshot: Lenta issues bond to fund store expansion plans
UK-listed Russian supermarket chain Lenta is seeking to raise RUB5bn (£49m) via the bond markets to fund new store openings, Morrisons teeters on the edge of FTSE 100 demotion and the City is hit by more Chinese economic woes.
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NewsPHE hits back at conflict of interest claims on e-cigs
The body last month claimed e-cigarettes were 95% less harmful than conventional tobacco products
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NewsMarks & Spencer defends salmon supplier over seal culling
Campaigners are threatening protests if retailers do not stop sourcing from salmon farms that cull seals
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Comment & OpinionAldi flies the Union flag for Rio Olympics
Will Aldi’s sponsorship of British athletics prompt other retailers to start shouting more about their British credentials?
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NewsCMA approves Booker’s acquisition of Londis and Budgens
Booker has received regulatory clearance from the UK’s Competition & Markets Authority for its acquisition of Musgrave Retail Partners GB, which runs the Londis and Budgens chains in Great Britain.
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NewsMedia Bites 7 Sep: Quorn, Tesco/Homeplus, Morrisons
Quorn is at the centre of a £500m takeover battle between frozen food giants Nomad and McCain, according to weekend reports.
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NewsCity snapshot: Tesco agrees to sell Homeplus
Tesco has agreed to sell its South Korean retail arm Homeplus to a consortium led by MBK Partners for £4.24bn, plus Associated British Foods warns over sugar and currency impact and all the rest of the news from the City.
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NewsCurrencies and sugar woes hit ABF’s full-year trading
Associated British Foods hasreaffirmed that the impact of currencies and the weak performance of its sugar division will see an overall decline in annual profits.
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NewsGreat British Sauce Co. exceeds £200k crowdfunding target
Great British Sauce Co. has raised almost £250k from its crowdfunding campaign on Crowdcube.
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NewsCity snapshot: Conviviality agrees £200m Matthew Clark deal
Bargain Booze owner Conviviality Retail has agreed to buy drinks wholesaler Matthew Clark in a deal worth £200m