All articles by Alec Mattinson – Page 67
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Analysis & FeaturesWhat the Newlat acquisition means for Symington’s
The Italian group has snapped up UK’s Symington’s in a £53m deal. What are its plans?
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NewsIngredients giant Olam plans listing on London Stock Exchange
A major £6.6bn global food ingredients giant will list on the London Stock Exchange next year to boost its worldwide growth plans
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NewsCity snapshot: Food ingredient giant OFI picks London for primary market IPO
Olam Food Ingredients will demerge from Indonesian agri giant Olam International and seek a listing in London, as well as a secondary listing in Singapore, in early 2022.
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NewsMedia Bites 13 Aug: Philip Morris/Vectura, Stock Spirits, Pret a Manger
The board of UK inhaler maker Vectura has agreed to support a £1bn takeover bid from cigarette company Philip Morris International after a fierce bidding war
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NewsCity snapshot: CVC agrees £767m deal to buy listed drinks player Stock Spirits
Private equity player CVC has agreed a deal to buy Stock Spirits, the listed producer of branded spirits and liqueurs in Central and Eastern Europe and Italy.
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NewsMedia Bites 11 Aug: Philip Morris, Tesco, Morrisons
Philip Morris is in pole in the race to by Vectura after rival Carlyle effectively pulled out of auction
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NewsCity snapshot: Retail sales growth slows as pubs and restaurants reopen
Retail sales continued to grow in July as Covid restrictions eased, but the pace of growth slowed as the reopening of pubs and restaurants dampened spending in shops. Plus, HelloFresh ups sales guidance, but reduces profits expectations and all the rest of the latest news from the City.
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NewsValeo swoops for meat snacks group NWFE
Valeo Foods has announced its first acquisition since its acquisition by Bain Capital, buying UK meat snacks group New World Foods Europe.
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NewsMedia Bites 9 August: Morrisons, Asda, Philip Morris/Vectura
Terry Leahy is scrambling to convince partners at American private equity firm Clayton Dubilier & Rice to back a 280p-a-share bid for Morrisons
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NewsCity News: Greggs back in profitability but rising costs worry investors
High street stalwart Greggs roared back to growth and profitability in the first half of 2021, but the looming spectre of rising costs dented investor confidence this week
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NewsNewlat enters UK with Symington’s deal as it targets growing sales to €1bn
Italian dairy and pasta group Newlat Food has made its first foray into the UK with the acquisition of Symington’s as part of its plans to grow sales to €1bn across Europe
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NewsUnited Biscuits gets boost in pandemic
Newly filed UK accounts for the year to 31 December show the Pladis-owned biscuits giant grew sales by 4.1% to £867.5m
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NewsFortress ups Morrisons offer to £6.7bn in attempt to head off battle with CD&R
Fortress Investments and Morrisons has announced they have agreed a new higher 272p per share offer for the supermarket to attempt to head off a possible counter-bid by Clayton Dubilier & Rice
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NewsCity snapshot: Retail footfall recovery slows in July
Shoppers are proving slow to return to the high street and shopping centres, according to the latest footfall data from BRC-Sensormatic IQ
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NewsMedia Bites 6 August: Oatly, Inflation, Hammerson
A family-run farm has won a legal battle against the multimillion-pound makers of plant milk, Oatly
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NewsCity snapshot: Beiersdorf bounces back to pre-Covid levels and skincare demand returns
Nivea owner Beiersdorf has bounced back to pre-Covid levels of sales and skincare demand rebounded in the first half of the year
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NewsItalian food group Newlat acquires branded supplier Symington’s
Family-owned Italian dairy and pasta group Newlat Food has agreed a deal to buy Ragu and Chicken Tonight manufacturer Symington’s
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Analysis & FeaturesWhy private equity wants to take UK food and drink assets off the shelf
As the bidding war for Morrisons heats up, which other grocery retailers and suppliers could be vulnerable to private equity approaches?
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NewsMedia Bites 4 August: PepsiCo, Greggs, Domino’s
PepsiCo has agreed to sell a controlling stake in its Tropicana and Naked Juice brands to French private equity firm PAI Partners for $3.3bn
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NewsCity snapshot: Greggs to create 500 jobs as first half sales and profits rebound
Greggs has bounced back to first half profitability as sales recovered due to the relaxation of coronavirus restrictions