Finance news – Page 425
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NewsInvestors keep faith with Sainsbury's despite slower growth
Investors sent Sainsbury’s shares up to a four-year high despite the grocer lagging behind its rivals.
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NewsFree-from brand Creative Nature reaches out for £350k cash boost
The vegan baking mix and snack bar maker has reached out to the crowd for £350k at an equity of 6%, valuing the growing business at around £5.5m
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NewsMcCormick UK sales up in first period with French's & Frank's
McCormick bought RB’s table sauce business, including French’s & Frank’s brands, for $4.2bn in August 2017
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NewsPre-Brexit port IT overhaul 'nonsense' claims FDF
Ian Wright warns the “clock was ticking” on the government’s IT overhaul
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NewsHyperama secures £15m funding for cash & carry depot refurb
Funds will also be used to increase sourcing from the Far East
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NewsCity snapshot: Earnings up 29% at Young's Seafood as sale process continues
Youngs Seafood has boosted earnings 29% in the third quarter on the back of cost-cutting as the Grimsby business continues its search for a buyer, Brewdog heralds a period of “substantial growth, and the rest of the news from the City
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NewsMedia Bites 24 August: Sainsbury's/Asda, National Lottery, Brexit
The UK competition watchdog has launched a formal investigation into the proposed merger between supermarket chains Sainsbury and Asda
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NewsOrganic food suppliers 'face EU export ban' in no deal Brexit
Defra said it was determined to help organic producers flourish in the event of a no deal
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NewsFreshways ceases production of Dairystix and closes Plympton plant
The business had become ‘unviable’, said Freshways MD Bali Nijjar
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NewsCMA launches formal investigation into Sainsbury’s/Asda merger
The Competition and Markets Authority has today confirmed it is to launch a formal investigation into the proposed supermarket mega-merger between Sainsbury’s and Asda and could move to a more in-depth investigation within weeks.
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NewsCity snapshot: CMA opens investigation into Valeo's £100m Tangerine acquisition
The UK’s Competition and Markets Authority has opened an initial investigation into Valeo Foods’ £100m acquisition of Tangerine Confectionery, plus all the rest of the latest news from the City.
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NewsMedia Bites 23 Aug: Sainsbury's/Asda, Alcohol, Coffee
Asda workers fear Sainsbury’s will hold all the power, writes The Times (£) in its continuing look the the merger of two of the UK’s big four supermarkets.
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NewsIceland agrees to acquire 19 former Poundworld stores
15 stores will become Iceland stores and four will be turned into The Food Warehouse
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NewsGenesis Crafty bakery bought by Tayto boss in rescue deal saving 260 jobs
Family bakery, McErlian’s suffered “trading difficulties” in the past year and enterted administration earlier this week
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NewsIndustry leaders call for 'urgent clarity' over exports plans
The response comes to a new government export strategy that was unveiled this week
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NewsGSK seeks bids for Horlicks and consumer nutrition brands
Bidding will begin next month for Horlicks and the rest of Glaxosmithkilne’s (GSK) global consumer nutrition business.
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NewsMedia Bites 22 August: Sainsbury's/Asda, Retail sales, GSK
A leading Sainsbury’s shareholder says its proposed merger will bring it “toe-to-toe” with Tesco
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NewsValeo Foods completes acquisition of Dip-Dab maker Tangerine
PE giant Blackstone sold the confectionery company to the fast-growing Capvest-owned consumer group
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NewsBeetroot ketchup brand The Foraging Fox raises £700k from angel investors
Funding from the investment round will go towards recruitment and production in order to fulfil increased listings and NPD
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NewsErrington Cheese lays off remaining staff over e.coli dispute
”I simply cannot afford to pay their wages,” said owner Selina Cairns