Finance news – Page 26
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NewsCity snapshot: DS Smith profits slip on cheaper packaging
In April, DS Smith agreed terms on a £5.8bn all-share takeover from US rival International Paper. Also, new data shows cash use has risen for the second year in a row.
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NewsCommodity prices help Treatt bounce back from destocking
Global ingredients player Treatt bounced back from a weak first quarter to grow full-year revenues and profits as higher commodity prices and growth in China boosted performance
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NewsAsda secures new £155m loan to help struggling supermarket meet debt obligations
The supermarket revealed it had successfully raised and allocated ‘a private £155m-equivalent fungible add-on’ to one of its existing loans
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NewsOne Rock completes takeover of Burts Snacks owner Europe Snacks
As revealed by The Grocer in July, New York-headquartered One Rock saw off rival bids to win the auction run by investment bank Lazard
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NewsCampari taps William Grant & Sons veteran Simon Hunt to end CEO hunt
It ends a period of uncertainty for the Aperol and Courvoisier brand owner
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NewsMedia Bites 4 December: Coca-Cola, junk food advertising ban, pie theft
Coca-Cola has drawn the ire of environmentalists after weakening its recycling and reuse goals
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NewsCity snapshot: ‘Trump tariffs could rival Brexit damage’
Trump is threatening tariffs as high as 10-20%, rivalling the scale of non-tariff barriers that Brexit imposed on goods sales to the EU, according to a new study by the Resolution Foundation.
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NewsSHS Group buys mid-strength alcohol brand Shandy Shack
The deal is SHS Group’s first in drinks since the purchase of Rocks Drinks in 2018
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NewsCarlsberg to complete Russia exit following management buyout
Carlsberg’s Baltika Breweries subsidiary has been under state control since last summer
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NewsWho Gives a Crap donates £2.4m to water, sanitation and hygiene services
The donation is Who Gives a Crap’s second-largest to date
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NewsGreencore shares rise again as profits jump
Greencore’s profits saw healthy growth last year as the sandwich maker posted “stronger than expected” full year results.
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NewsCold brew coffee player GoodBrew seeks crowd cash for UK retail push
Dublin-based cold brew coffee startup GoodBrew is seeking €500k from crowd investors to underpin a push into UK retailers next year
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NewsButternut Box reports surge in sales surge with losses cut
High-growth fresh petfood brand Butternut Box continued its rapid European expansion last year while cutting losses as margins improved
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NewsCo-op extends £400m credit facility for further five years
The society’s CFO Rachel Izzard said that support from its lender banks was a reflection of the strength of its balance sheet
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NewsAdnams abandons sale plan in favour of property assets sell-off
It is not clear how much debt the brewer needs to pay down
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NewsVape maker Supreme completes £10.2m rescue of Typhoo Tea
It comes after Typhoo was placed into administration last week
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NewsMedia Bites 2 December: Asda debt, Black Friday, seasonal workers
In the week after Asda appointed its new chairman, Allan Leighton, the nationals focused on the supermarket’s ongoing financial woes
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NewsKiril Mischeff buys Italian foods specialist Annessa Imports
Annessa imports Italian goods and them to the retail and foodservice trade
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NewsGail’s Bakery sales surge ahead of rumoured buyout
Analysts have speculated the company could be worth up to £500m
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NewsMedia Bites 29 November: Typhoo collapse, Waitrose food and drink trends, Morrisons/Ocado
Typhoo is poised to be taken over by vape business Supreme, after the tea company collapsed into administration