All Finance articles – Page 152
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NewsCostco profits jump 44% to £120.6m in 2022
Fuel sales were improved by the opening of a new petrol station in Watford, which took the business’s total to 19 petrol stations across 29 warehouse sites
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NewsCity snapshot: Nestlé to invest in sustainable start-ups in Latin America via VC partnership
Nestlé has announced a partnership with specialist agri-food venture capital fund The Yield Lab Latam, to invest in sustainable food production start-ups in the region
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NewsMedia Bites 8 June: John Lewis Partnership, Ivan Menezes, grocery shopping
Dame Sharon White has pledged to get the John Lewis Partnership back to “sustainable” profit before 2026, although this may require outside investment
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NewsFood-to-go player Around Noon acquires The Soho Sandwich Co
Around Noon is targeting becoming a £100m UK food-to-go powerhouse with the acquisition of The Soho Sandwich Company
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NewsFood and drink M&A shows signs of recovery in 2023
UK food and drink mergers and acquisition volumes have bounced back to their highest level in six years, partly driven by buyers snapping up distressed assets
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NewsCity snapshot: Diageo announces death of CEO Sir Ivan Menezes
Diageo has this morning announced that long-serving CEO Sir Ivan Menezes has passed away following a brief illness
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NewsMedia Bites 7 June: Boots, British American Tobacco, ABF
The finance boss of Boots, Britain’s biggest high street pharmacy chain, has quit a year after its US parent abandoned plans to sell the business
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NewsABF buys UK milk records firm for £48m
Associated British Foods has announced it will bolt on National Milk Records to its AB Agri arm after agreeing a £48m deal to acquire the UK company. Plus, monthly retail updates from BRC-KPMG and Barclays, and trading updates from Poundland owner PepCo and BAT
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NewsMedia Bites 6 June: Unilever, inflation, Diageo
Unilever has begun a search to replace chair Nils Andersen in the latest stage of a leadership shake-up
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NewsWalkers Leicester factory in line for mega cash injection
The investment aimed to ‘future-proof’ the Leicester site, allowing PepsiCo to ‘deliver on our ambitions on packaging and health’
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NewsVegan foods manufacturer Plant & Bean falls into administration
Meat alternatives supplier Plant & Bean has filed for administration after soaring costs and operational disruptions hit trading
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NewsCity snapshot: Debra Crew takes up Diageo CEO role a month early
Incoming Diageo CEO Debra Crew has started as interim CEO today due to the illness of current CEO Sir Ivan Menezes
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NewsMedia Bites 5 June: Asda, Butternut Box, Morrisons
The £450m being invested into the Asda acqusition of EG Group comes from the supermarket’s own assets
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NewsMontezuma’s Chocolate rescued by Paramount Retail Group
The confectionery maker and retailer has been rescued in a deal that sees the chocolatier’s founders return to the business
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NewsCity News: B&M boosted by cost-conscious shoppers as sales soar
The rise of cost-conscious shoppers has bolstered B&M’s annual sales to almost £5bn, sending its share price soaring this week
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NewsCharlie Bigham’s growth surges but input costs hit hard
Charlie Bigham’s has continued its post-pandemic growth surge, but margins have been hit by delays passing on soaring input inflation to retailers and shoppers
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NewsOscar Mayer is taken over by lender following financial restructure
UK ready meals supplier Oscar Mayer has been taken over by its institutional lender following a financial restructuring, documents show
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NewsValeo continues to build leadership team with new CFO
Valeo Foods Group has announced Louis-Francois Gombert will join as group CFO as it continues to build out its senior management team
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Analysis & FeaturesAsda’s EG Group acquisition: everything you need to know
Asda has acquired EG Group’s UK & Ireland operations, and sees a ‘huge runway’ for growth to become the UK’s second-largest grocer again
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NewsNew healthy food wholesaler Dundeis acquires Minton’s Good Foods
A new healthy food distributor started by former Tree of Life employees has acquired Welsh wholesaler Minton’s Good Foods as it continues to build capability ahead of a full launch later this year.