Finance news – Page 202
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NewsDeliveroo shares hit new highs after Delivery Hero buys stake
Shares at Deliveroo have made a strong recovery today after German rival Delivery Hero grabbed a slice of the London-listed food delivery service.
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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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NewsCity Snapshot: CD&R Morrisons deadline extended as bidding war looms
Clayton, Dubilier & Rice has been granted an extension on today’s ‘put-up or shut-up’ takeover deadline to weigh up whether to make a higher bid for Morrisons. Plus, the takeover battle for Vectura intensifies between Philip Morris and Carlyle; and McColl’s shares plunge as it confirms potential fundraise.
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![Morrisons_Paper_Bags_2[36]](https://dmrqkbkq8el9i.cloudfront.net/Pictures/100x67/0/2/1/242021_morrisons_paper_bags_236_623262.jpg)
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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NewsNomad Foods sales slow down as Covid crisis passes
Sales have dipped at Nomad Foods as the frozen food specialist dealt with lower consumer demand as Covid restrictions eased and also came up against comparisons with the peak stockpiling period at the start of the outbreak in 2020.
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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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NewsMedia Bites 5 August: John Lewis, National Lottery, Philip Morris
John Lewis was included on a list of employers “named and shamed” by the UK government for paying staff below the legal minimum on Thursday, as ministers seek to show they are clamping down on abuses of workers’ rights.
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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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NewsDavid Milner steps down as Lily’s Kitchen CEO
Milner left the business at the end of June after deciding to step down from the business to focus on new opportunities
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NewsPepsiCo sells Tropicana and Naked juice brands to PAI Partner for $3.3bn
PAI will take a 61% holding in the likes of Tropicana and Naked, as well as other brands, with PepsiCo retaining a 39% stake
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NewsCity Snapshot: The Hut Group acquire Cult Beauty for £275m
E-commerce giant The Hut Group has expanded its beauty portfolio with the £275m acquisition of online prestige retailer Cult Beauty.
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NewsSnacking group Wholebake acquired by private equity firm
Cereal bar maker Wholebake has been snapped up by new private equity owners as investors continue to target the healthier snacking category.
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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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NewsPilgrims Choice owner Ornua Foods UK posts ‘strong’ pandemic results
The UK arm of Irish dairy co-op Ornua saw sales grow by £57m, with pre-tax profits growing by £1.1m