Finance news – Page 653
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NewsM&A adviser McQueen bought by Houlihan Lokey
UK-based consumer sector M&A specialist McQueen has been bought by US investment bank Houlihan Lokey.
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NewsCity Snapshot: Real Good Food loses FD in London move
Real Good Food finance director Mike McDonough is leaving the group as a result of operational changes following the £34m sale of sugar business Napier Brown back in April. Plus Marston’s continues to make profitable progress in line with expectations.
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NewsMedia Bites 22 July: Nestlé, Co-op, sugar, PZ Cussons
Nestlé open a $50m R&D centre to reinvigorate frozen and chilled ranges and sugar prices crash further
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NewsRexam £4.3bn takeover to undergo in-depth European scrutiny
The £4.3bn takeover of Rexam by US rival Ball Corporation is to be examined by the European Commission
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NewsSSP Group flies into currency headwinds
Like-for-like sales at food travel company SSP Group have been boosted by strong passenger growth at airports across the UK during the third quarter
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NewsEuro Garages raises £100m for new acquisitions
The funding, comprising senior debt facilities, will be used to fund the company’s purchase of 104 Esso sites in the South East
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NewsMedia Bites: Living wage, Ikea, Seabrook Crisps
It’s not the busiest morning for coverage of the grocery sector, but the “living wage” row is continuing to generate column inches
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NewsCity snapshot: PZ Cussons posts 2.3% like-for-like growth in "tough conditions"
Problems in PZ Cussons’ biggest market of Nigeria hit reported revenues and profits
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NewsSupermarkets ramp up pressure on UK food sector
The number of UK food suppliers experiencing “significant” financial distress has risen by over 50%, according to research from professional services firm Begbies Traynor.
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NewsSeabrook Crisps hungry for deals as part of expansion plan
Seabrook Crisps is eyeing potential bolt-on acquisitions as it seeks to broaden its portfolio and expand into new snacking categories following LDC-backed MBO.
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NewsHealth food wholesaler Tree of Life's sales soar 14%
Health food wholesaler Tree of Life has posted sales up 14% to £45m
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NewsSeabrook Crisps confirms LDC buyout
Seabrook Crips has this morning confirmed The Grocer’s story that private equity house LDC has acquired a majority stake in the business.
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NewsCity Snapshot: Rising number of suppliers on the bread line thanks to supermarket price war
The battle between the UK’s biggest supermarkets has led to a 54% jump in the number of food suppliers in “significant” financial distress
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NewsMedia Bites 20 July: Seabrook Crisps, Iceland, Sainsbury’s
The takeover of Seabrooks Crisps, revealed by The Grocer on Thursday, has hit the papers this morning
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NewsCarrefour and Casino trading updates reveal mixed bag
There were seemingly contrasting fortunes for two French supermarket giants this week
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NewsWyke Farms 'fairly optimistic' despite pre-tax profit slump
Somerset Cheddar producer Wyke Farms does not expect an immediate rebound in profitability this year
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NewsCrowdfunding model attracts six more food and drink companies
Six more food and drink companies have turned to the crowd
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NewsB&M Bargains accelerates store opening plans
B&M Bargains is accelerating its store opening plans this financial year and now expects to add 80 net new outlets to its portfolio.
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NewsAs John Dixon quits, is Steve Rowe now M&S CEO in waiting?
John Dixon’s resignation clears way for Steve Rowe in battle to succeed Marc Bolland as M&S CEO.
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NewsCity Snapshot: B&M Bargains reveals strong spring as shoppers stick with discounters
Listed value retailer B&M Bargains has reported another period of soaring growth in a strong spring trading update. Elsewhere, Marks & Spencer gives an insight into succession planning as head of food Steve Rowe takes over from head of GM John Dixon.