All articles by Ed Devlin – Page 108
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NewsCity snapshot: Tesco investors set for £5bn payout as Asia sale readies for completion
Tesco, which last week announced it was returning £585m of business rates relief, has this morning confirmed the $10.6bn sale of its businesses in Asia and a special dividend payment of £5bn. Plus, a pre-close trading update from British American Tobacco, and Nestlé Purina PetCare is set to invest $550m to expand its petfood manufacturing facility in Georgia, creating up to 130 jobs.
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NewsNomad Foods upgrades 2020 expectations as sales soar in second lockdown
Sales at Birds Eye owner Nomad Foods have rocketed once again as locked down shoppers continued to stock up freezers as they ate all their meals at home in November.
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NewsMedia Bites 8 December: Brexit, Kingfisher, The Hut Group
Business leaders and unions have heaped renewed pressure on the government to strike a last-minute Brexit agreement, saying the UK economy is ill-equipped for a disruptive no-deal scenario.
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NewsCooplands looks to growth after £7.7m BGF investment
Northern bakery chain Cooplands has secured a further £7.7m investment from the Business Growth Fund.
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NewsCity snapshot: B&Q owner Kingfisher joins flurry of retailers returning business rates relief
Screwfix and B&Q owner Kingfisher has joined the flood of retailers to hand back business rates relief received during the coronavirus pandemic. Plus, a trading update from The Hut Group and Mike Ashley’s Frasers Group confirms Debenhams rescue talks.
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NewsIt’s All Good explores sale as tortilla chips demand soars
The Gateshead-headquartered supplier has been backed by PE firm NVM since 2014 following a £3.5m minority investment
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NewsFarmison & Co growth rockets 550% as mutton sales soar
Turnover is expected to more than double to £12m in the year to end of March 2021
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NewsAt-home demand for gin helps Chase Distillery offset on-trade collapse
The company, which was snapped up by Diageo in October, experienced “very strong” growth with retail partners
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NewsJack & Bry brings Clive Sharpe aboard as chairman ahead of retail launch
Clive Sharpe joins the business as non-executive chairman and David Flower will support the management team as non-executive director
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NewsMedia Bites 3 December: Tesco, lab-grown meat, High Street
News that Tesco has repaid £585m of business rates relief dominates the papers today.
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NewsSymington’s returns to profit as pandemic boosts demand
Symington’s has bounced back into the black as a strategic plan led by the new CEO and demand driven by the coronavirus pandemic helped sales at the Chicken Tonight owner climb higher.
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NewsTesco repays £585m in business rates relief
Tesco has bowed to growing pressure to repay a huge business rates relief windfall from the government
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NewsMedia Bites 1 December: Caffe Nero/Issa Brothers, Unilever, Covid dividends
Mohsin and Zuber Issa, the billionaire brothers behind EG Group, made an offer to buy Caffe Nero over the weekend, but the ailing coffee shop chain has turned down the offer.
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NewsCity snapshot: EG Group partners with Cinnabon to create 2,000 jobs
Petrol forecourt giant EG Group is set to create 2,000 jobs with the opening of 150 Cinnabon stores across the UK after partnering with the US cinnamon roll brand. Plus, Unilever completes unification and Pets at Home acquires The Vet Connection for £15m.
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NewsBeer52 and Virgin Wines explore options as sales rise
A surge in online sales of alcohol during lockdown has attracted investor interest
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NewsGraze losses increase as sales fall following Unilever acquisition
Operating losses at Graze have widened as sales slumped almost 20% following its acquisition by Unilever and closure of the US division
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NewsReady meal startups Equals Health and By Ruby seal successful crowdfunding campaigns
Access denied introTwo healthy ready meal startups are turning to the crowd for funding to capitalise on booming demand for online convenience food
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NewsCovid forces closure of Chiltern Foods
The business closed at the end of October with all 28 jobs lost
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Analysis & FeaturesWhy is Noble selling Gü and who is lining up to buy it?
A bidding process for the pudding brand is expected to top £100m
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NewsCity snapshot: Britvic confident in recovery after sales and profits plummet in lockdown
Brtivic’s boss has pledged to be at the forefront of the recovery in a soft drinks category slammed by the coronavirus pandemic after revenues and profits slumped at the group. Plus, PZ Cussons appoints a new CFO.