Finance news – Page 542
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NewsGlanbia talks Dairy Farmers of America joint venture
Glanbia has its eyes on the US as it reaches advanced discussions over a joint venture with Dairy Farmers of America
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NewsCity snapshot: Reckitt Benckiser in £13.2bn takeover talks with Mead Johnson
Reckitt Benckiser has this morning confirmed media reports it is in talks to buy US child nutrition firm Mead Johnson
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NewsMedia Bites 2 Feb: Tesco/Booker, Reckitt Benckiser, Heineken
Tesco could be forced to dispose of more than 600 stores unless it can convince regulators that its £3.9bn merger with Booker will not harm competition.
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NewsTayto expands popcorn reach with Portlebay rescue deal
Irish crisps maker Tayto has rescued popcorn brand Portlebay from administration for an undisclosed sum, The Grocer can reveal.
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NewsPeter Hajipieris leaves Birds Eye owner Nomad Foods Europe
Hajipieris has previously worked in senior roles at the former Ministry of Agriculture Food and Fisheries and Sainsbury’s
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NewsMorrisons founder Sir Ken Morrison dies aged 85
Sir Ken transformed the company from a small family business into the UK’s fourth largest food retailer
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NewsMedia Bites 1 February: Ocado, Greencore, Diageo, Co-op
An unexpected rise in profits at Ocado made headlines this morning but the elusive international partnership also figured prominently in reports.
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NewsCity snapshot: Sugar free Irn-Bru sweetens AG Barr sales
The launch of Irn-Bru Xtra and Rubicon Spring in the summer helped AG Barr sales recover in the second half. Plus the latest BRC Nielsen shop price index for January.
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NewsGreencore posts double-digit festive sales jump amid booming convenience sales
Greencore’s sales jumped 17.1% in the 13 weeks to 30 December as US expansion and continued growth of its food-to-go business boosted sales.
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News
Pepsi Max and 7UP growth boosts Britvic’s first quarter
Britvic has reported first quarter revenue of £351m, an increase of 4.3% on the previous year, driven by increased UK sales of carbonated drinks as its still drinks struggled.
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NewsGovernment rejects petitions asking it to block Tesco-Booker
The petitions claimed the deal will give Tesco control of its competitors’ prices and remove thousands of jobs
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NewsArla unveils £37.5m UK investment
The investment is part of the co-op’s plan to move more milk from bulk into branded sales
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NewsCity snapshot: Profits up at Ocado but international expansion remains elusive
Ocado has posted a 21.8% jump in annual pre-tax profits before exceptional items, but has given no update on its long-awaited international expansion efforts. Plus all the rest of this morning’s news from the City
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NewsMedia Bites 31 Jan: Sainsbury's/Morrisons, Tesco/Booker, Conviviality
A merger between J Sainsbury and Wm Morrison could be triggered by the proposed £3.9 billion tie-up between Tesco and Booker, Bank of America Merrill Lynch has suggested.
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NewsTesco and Booker antitrust teams talk merger with CMA
Any decision by the CMA on whether to launch a formal investigation is looking unlikely until at least next week
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NewsCity snapshot: First half revenues treble at Conviviality after Matthew Clark buyout
Bargain Booze owner Convivality (CVR) has posted a 211% jump in first half revenues after its transformative acquisition of Matthew Clark. Plus Us Customs gives PureCircle the green light on held shipment and all the rest of this morning’s news from the City.
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NewsMedia Bites 30 Jan: Tesco/Booker, Punch Taverns, Imperial Brands
The UK competition regulator is coming under mounting pressure to intervene in Tesco’s planned £3.9bn takeover of Booker.
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NewsTesco and Booker confident of merger approval but CMA may have other ideas
One of the major unknowns thrown up by the surprise Tesco takeover of Booker is how the CMA will react and what remedies will be required to appease the monopoly watchdog. We look at the deal’s chances.
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NewsTesco 'skinny' offer premium leaves Booker deal open to rival bids
Tesco’s £3.7bn takeover of Booker could spark a bidding war as rivals attempt to muscle in on the deal, according to analysts in the City.
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NewsTesco’s Booker takeover: the big questions answered
As the food and drink industry digests the news of the proposed mega-merger between Booker and Tesco, The Grocer looks at the key questions posed by the deal