Finance news – Page 245
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NewsMedia Bites 26 August: supply shortages, Morrisons, M&S
The papers are dominated by increasing worries about the supply chain shortage in the run-up to Christmas.
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NewsCD&R promises to 'fully safeguard' Morrisons’ pension schemes
Clayton, Dubilier & Rice has reaffirmed its commitment to safeguard the Morrisons’ pension schemes after trustees charged with protecting the funds called for further guarantees ahead of any private equity takeover.
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NewsMedia Bites 25 Aug: Morrisons, Asda, Just Eat
The £7bn US private equity takeover of Morrisons could “materially weaken” the security of its pension schemes, trustees have warned.
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NewsCity Snapshot: Morrisons pension trustees warn £7bn takeover could “materially weaken” schemes
The trustees of the pension schemes at Morrisons have warned that a private equity takeover could “materially weaken” the security of the funds unless further protections were agreed.
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NewsVitality acquired by Canada’s Yooma Wellness to grow CBD portfolio in the UK
Birmingham-based Vitality is one of the most widely stocked CBD brands in the UK
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NewsRevvies Energy Strips hits crowdfunding target to disrupt UK performance nutrition market
Performance nutrition challenger Revvies Energy Strips has closed a crowdfunding round having raised almost £170k to boost awareness of the brand in the UK and overseas.
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NewsCity Snapshot: UK supermarket sales rise as grocery shopping shifts back instore
Total till sales in the grocery sector bounced back to growth of 1.1% in the most recent four weeks as physical stores benefited from a 10% slump in online grocery sales.
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NewsMedia Bites 24 August: Sainsbury’s, Morrisons, Deliveroo/Boots, M&S
The papers are filled with the fallout from speculation at the weekend that Sainsbury’s is being circled by potential PE bidders.
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NewsSqueaky Bean to benefit from £5m Winterbotham Darby investment
The new 48,000 sq ft facility would boost its production and distribution capabilities and create more than 100 jobs, said Winterbotham Darby
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NewsMedia Bites 23 Aug: Sainsbury’s, Morrisons, M&S
Private equity giants are circling Sainsbury’s with a view to possibly launching bids of more than £7bn
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NewsCity Snapshot: Sainsbury’s shares rocket on takeover speculation
Shares in Sainsbury’s have ballooned more than 9% to a three-year high after speculation emerged in the weekend papers that the supermarket group was the next target of US private equity group.
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NewsSkinny Food Co on hunt for investor support to back international push
The Nottingham-based supplier has tasked PwC with exploring investment options
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NewsCity News: McBride issues major profit warning as costs mount
The private-label cleaning goods producer downgraded its full-year profit expectations by up to 65% on Thursday
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NewsEight Fifty Food Group sales and profits rose ahead of Sofina deal
Sales and profits soared at Eight Fifty Food Group in the run-up to the takeover by Canada’s Sofina Foods as the Karro and Young’s owner benefited from Covid-fuelled demand, a growing premium offering, access to China and efficiencies.
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NewsHeinz UK benefits from surging sales of its sauces and meals
The UK arm of Kraft Heinz saw surging sales of sauces and hot meals last year, as strong grocery trading during the coronavirus outbreak more than mitigated the loss of foodservice sales
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NewsMorrisons agrees deal with CD&R after raised £7bn bid
US private equity giant Clayton, Dubilier & Rice has moved into pole position in the bidding war for Morrisons, having agreed a new £7bn 285p per share deal for the supermarket.
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NewsCity snapshot: Morrisons agrees to new £7bn CD&R bid
US private equity giant Clayton, Dubilier & Rice has moved into pole position in the bidding war for Morrisons, having agreed a new £7bn 285p per share bid for the supermarket.
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NewsMedia Bites 20 Aug: Morrisons/CD&R, Amazon, McBride
Morrisons’ board switched its recommendation last night and backed a £7 billion takeover by Clayton Dubilier & Rice after the private equity firm trumped rival Fortress (The Times £). Clayton, Dubilier & Rice has increased its offer for Morrisons to 285p per share, in the latest round ...
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NewsPerkier to bulk up snack bar brand after smashing crowdfunding target
Founder Ann Perkins started the business following a long career in the food industry, including 12 years at Heinz Healthy snack bar start-up Perkier has beaten a £400k crowdfunding target in the first week of its campaign. The plant-based challenger brand has currently raised almost £470k from ...
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NewsCity snapshot: McBride issues profits warning on rising costs
Household goods manufacturer McBride has slashed its earnings expectations by up to 65% as mounting input and transportation costs hit its bottom line.