Finance news – Page 438
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NewsMedia Bites 15 Nov: Tesco/Booker, Grocery inflation, Sir Terry Leahy
“Booker rivals’ outrage over Tesco tie-up” is the leading business headline in this morning’s edition of The Times (£) as the media expresses shock at the CMA’s decision to green light the £3.7bn Tesco acquisition of Booker.
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NewsTesco £3.7bn Booker takeover gets green light from CMA
The UK’s competition regulators are sensationally set to approve Tesco’s £3.7bn takeover of Booker, without imposing conditions such as selling off hundreds of its stores
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NewsIndustry reaction to CMA provisional clearance of Tesco-Booker
It was no surprise that the Competition and Markets Authority cleared Tesco’s £3.7bn takeover of Booker, but that it did so without asking for any remedies has shocked many
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NewsHow analysts reacted to CMA provisional clearance of Tesco-Booker
The CMA reported the provisional findings of its probe, ahead of a final decision in December
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NewsMedia Bites 14 November: Co-op/Nisa, Coca-Cola HBC, Amazon
A green light for the Co-op takeover of Nisa is the main grocery story in this morning’s papers.
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NewsCity snapshot: Tesco £3.7bn Booker takeover gets green light from CMA
The UK’s competition regulators are sensationally set to approve Tesco’s £3.7bn takeover of Booker, without imposing conditions such as a sell off hundreds of its stores. Plus, B&M boosts sales 22% in the first half and announces Sir Terry Leahy is to step down as chairman; Science in Sport has raised £15m in placing; and Kantar and Nielsen latest supermarket market share data.
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NewsNisa members accept £137m Co-op bid in historic vote
Of the 615 shareholders that voted, 494 were in favour of the bid
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NewsTamdhu owner Ian Macleod secures £80m refinancing
Family owned whisky distiller Ian Macleod Distillers, which owns the Tamdhu, Glengoyne and Smokehead brands, has agreed an £80m refinancing to position the business for its next phase of growth.
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NewsDavison Canners wins retail listing for new desserts range
Northern Irish food manufacturer Davison Canners has won supermarket listings for a new range of desserts after securing a £3.1m bank finance package to move all its production in-house, creating 50 new jobs in the process.
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NewsKevin Grace sues Tesco for wrongful dismissal
Grace lost his job after Tesco misreported its profits in 2014. He was accused on dismissal of “serious negligence”…
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NewsCity snapshot: Retail footfall slumps in run-up to Christmas
UK retail footfall fell by 2% year-on-year in October according to the BRC Springboard footfall and vacancies monitor – the largest rate of decline since the vote to leave the EU in June 2016. Plus sales jump but profits plunge at Carr’s Group and all the rest of the latest news from the City.
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NewsMedia Bites 13 Nov: MRH, Tesco, Nisa, Unilever
One of Britain’s largest petrol station operators MRH GB has picked banks to steer a £1.5bn stock market listing next year.
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NewsBakkavor cuts valuation to get IPO away
Bakkavor this morning dramatically announced its aborted stock market listing was back on just a week on from pulling its initial flotation after lowering its valuation to get the deal away.
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NewsMoy Park reports 'strong' sales growth in Q3
Revenues at Northern Irish poultry producer Moy Park rose 11.3% to £392.6m in the third quarter on strong volume growth, favourable exchange rate movements and recovery of cost inflation.
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NewsMarks & Spencer's food division hit by price inflation
For years, Simply Food has bailed out falling clothes sales at Marks & Spencer
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NewsPiccolo babyfood secures DSG £500k to fuel Far East growth
DSG Consumer Partners has invested £500,000 to support Piccolo’s growth ambitions in the UK and expansion outside Europe
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NewsIncoming Asda CEO Roger Burnley announces leadership team shakeup
Anthony Hemmerdinger is to be promoted to the role of senior vice president, retail operations director
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NewsCo-op Nisa deal still in the balance as decision day looms
As the deadline for Nisa members to vote on the Co-op’s £137m bid looms, the outcome is too close to call, say experts
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NewsLakes Distillery hits crowdfunding target of £1m in two days
The brand offered 2.21% of its equity to investors via Crowdcube
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NewsCity snapshot: £1bn Bakkavor IPO back on after rapid U-turn
A week to the day after pulling its London IPO because of “volatile” market conditions, Bakkavor has dramatically announced its listing is back on at 180p per share valuing it at just over £1bn. Plus, supermarket inflation stalls, HelloFresh UK doubles sales but losses grow, baby food brand Piccolo secures six-figure cash injection and all the rest of the latest news from the City