Finance news – Page 397
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NewsPollen & Grace reach out for £350k amid new listings
Pollen & Grace has launched the funding drive ahead of new regional listings, which will see it expand into 55 Tesco and 50 Co-op stores in May
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NewsStaple Dairy Products acquired by its directors in buyout
Staple supplies cheese, butter, aerosol cream, convenience egg products and microwavable rice
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NewsCity snapshot: Patisserie Valerie rescued via an MBO
A deal was struck with administrators KPMG in the early hours of this morning
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NewsMedia Bites 18 Feb: Sainsbury's/Asda, Premier Foods, Patisserie Valerie
Sainsbury’s has drafted in consultants to help with the mammoth task of merging with Asda
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NewsMedia Bites 15 Jan: Patisserie Valerie, Coca-Cola, Nestlé
The private equity-backed management buyout to save collapsed cake chain Patisserie Valerie is unsurprisingly heavily covered in the papers this morning.
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NewsBusinesses 'may go bust' in no-deal Brexit, says survey
Nearly 12% agreed with the statement that no-deal would be a “calamity” for their business
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NewsPatisserie Valerie sold to management in late-night deal
A deal was struck with administrators KPMG in the early hours of this morning
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NewsMedia Bites 14 Feb: Morrisons, Eat, Heineken
Morrisons is facing a fresh equal-pay claim from store staff
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NewsCity snapshot: Patisserie Valerie rescued via an MBO
Patisserie Valerie has been bought out of administration by the new management team. Plus, Nestlé is exploring sale options for its Herta charcuterie business and all the rest of the latest news from the City.
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NewsPaul Allen steps down as Tayto Group CEO
The long serving CEO of Northern Ireland-based snacks business Tayto Group has left his post after 17 years at the helm.
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News
Müller to wield axe with £100m ‘Project Darwin’ cost cutting programme
The processor said its current business model ’doesn’t allow us to make a profit’
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NewsCity Snapshot: Heineken's full-year profits surge amid strong beer growth
Dutch brewing giant Heineken saw profits surge ahead of analyst expectations in 2018, pre-tax profits drop at Smurfit Kappa despite 4% revenue growth and the rest of the news from the City
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NewsMedia Bites 13 Feb: Pernod Ricard, Molson Coors, Patisserie Valerie
The chief executive of Pernod Ricard roundly dismissed speculation that the French drinks group could become a takeover target
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NewsAmazon secures central London retail space for Amazon Go
The sites will be devoted to the UK’s first Amazon Go stores, where customers are automatically charged for their shopping
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NewsColgate Palmolive replaces long serving CEO Ian Cook
Colgate Palmolive has replaced its British born CEO Ian Cook with the group’s COO Noel Wallace.
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NewsMedia Bites 12 Feb: Brexit, Sainsbury's/Asda, Just Eat
The food industry has urged ministers to put all non-Brexit related reforms on hold until after Britain leaves the EU because its members are too busy planning for no deal to take part in consultations.
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NewsChildren's snack startup Naturelly to reach out for growth funds
The jelly pot and pouch brand is looking to raise £125k in funding from investors
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NewsOcado Andover switch to Erith could take 'couple of weeks'
The online supermarket is currently providing a limited service in Andover’s territory
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NewsCity snapshot: Mike Ashley withdraws £15m bid for Patisserie Valerie
Sports Direct owner Mike Ashley has pulled out his bid for scandal-hit bakery chain Patisserie Valerie, activist investor Cat Rock has called on Just Eat to merge with a competitor, and the rest of the latest news from the City.
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NewsMedia Bites 11 Feb: Iceland, Patisserie Valerie, Ocado
Frozen food chain Iceland is considering bidding for any stores Sainsbury’s and Asda are required to sell in order to obtain regulatory clearance for their merger.