Finance news – Page 216
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NewsCity snapshot: Investors call on Sainsbury’s to pay living wage
An investor coalition managing £2.2trn in funds has filed a shareholder resolution to demand Sainsbury’s to pay a living wage to all its workers. Plus, Heineken to pull out of Russia and take €400m writedown and all the rest of the latest news from the City.
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NewsMedia Bites 28 March: Boots, Sainsbury’s, UK retail sales
Four private equity firms are understood to have given presentations to Boots’ management team and submit second round offers in the coming weeks
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NewsKoRo closes €50m funding round to continue rapid growth across Europe
The business – started in Berlin in 2014 – sells a range of more than 1,000 SKUs across food categories and kitchen appliances direct to consumers.
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NewsCMA gives Boparan green light for Banham Poultry acquisition
After taking a closer look at the transaction and launching a phase 1 inquiry in January, the Competition & Markets Authority (CMA) cleared the deal.
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NewsCity News: MP Evans profits surge on soaring prices
Surging commodity prices are not bad news for all food industry players, as UK-listed palm oil producer MP Evans proved this week with soaring annual profits
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NewsCheeky Panda smashes £1m crowdfunding target as it looks ahead to IPO
Eco household brand Cheeky Panda has welcomed thousands of new shareholders after closing its latest round of crowdfunding ahead of a planned IPO.
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NewsLittle Moons hires Mike Hedges as CEO after L Catterton invests
Hedges joins the business as CEO on 4 April to support further distribution expansion in the UK and overseas.
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NewsCity snapshot: UK retail sales unexpectedly fall in February
UK retail sales fell back unexpectedly in February as increased eating out hit the grocery sector and online sales fell back
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NewsMedia Bites 25 March: Boots, Holland & Barrett, Ocado, Morrisons, McColl's
Apollo Global Management, the New York-based buyout giant, is lining up banks to fund a £6bn tilt to buy Boots, according to reports this morning.
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NewsCity snapshot: McColl’s CEO Jonathan Miller steps down amid crisis talks
McColl’s CEO Jonathan Miller has stepped down from his role as the convenience chain remains locked in talks with its lenders to avoid collapse
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NewsMedia Bites 24 March: Spring statement, inflation, food poverty, Nestlé
Rishi Sunak’s spring statement dominates the headlines this morning as inflation continues to surge.
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NewsBritish Honey Company raises six-figure sum to grow its spirits offering
The British Honey Company has completed a six-figure sum fundraising to help it expand further in the premium spirits market.
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NewsFearne & Rosie launches crowdfunding campaign backed by Giles Brook and Pip & Nut founder
The business is hoping to raise £200,000 on the Seedrs platform as it seeks to continue its efforts to reduce the amount of sugar consumed by children.
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NewsMedia Bites 23 March: McColl’s, Petrol prices, THG
Morrisons has drafted in City advisers as it considers how to contend with the financial struggles of its convenience store partner McColl’s
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NewsCity Snapshot: Cost of living hits new 30-year high as energy, petrol and food prices climb
The squeeze on living costs continued to ramp up last month, with food prices up sharply, according to the latest official figures released this morning ahead of the Chancellor’s spring statement.
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NewsSurging palm oil prices boost profits at MP Evans
Palm oil producer MP Evans has posted a surge in profits in 2021 as the palm oil sector went “from strength to strength” amid spiralling prices
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NewsAgronomics launches Roslin Technologies joint venture to develop lab grown pet food
Cultivated meat investor Agronomics has partnered with a food biotech company to develop lab grown meat for pets.
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NewsCity snapshot: THG names former ITV boss Charles Allen as chairman
THG has appointed former ITV and Compass Group CEO Charles Allen as its new independent non-exec chair. Plus, palm oil producer MP Evans sees profits surge on soaring prices and all the rest of the latest news from the City
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NewsMedia Bites 22 March: Nestlé, Ukraine, wheat prices, PZ Cussons/Childs Farm
Nestlé has defended its decision to stay in Russia by saying it would not profit from its operations there as Ukraine upped the pressure on the world’s biggest food company to withdraw as the war intensifies and casualties mount.
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NewsMedia Bites 21 March: Boots, Lottery, Burger King
Suitors for Boots are to begin meeting with the high street chemist’s management this week as owner Walgreens pushes ahead with a planned £7bn sale