All Finance articles – Page 221
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NewsCity snapshot: Tate & Lyle to split with £1.2bn sweeteners arm sale
Tate & Lyle is to divest its sweeteners division after this morning announcing it has agreed a £1.2bn deal with private equity player KPS Capital Partners to sell a controlling stake in the business
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NewsMedia Bites 12 July: Morrisons, Philip Morris, Ocado
Morrisons has written to farmers to calm fears that a planned takeover could undermine its agreements with suppliers
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NewsEthical Butcher surges past target to hit £1.1m in crowdfunding
The wholesaler launched a £400k crowdfunding campaign on Crowdcube this week
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NewsWarburtons boosted by Covid demand and push into non-bread
Warburtons’ sales and profits soared last year thanks to a spike in demand for core bakery products in the pandemic and an ongoing push into non-bread
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NewsMFG profits improve despite £1.1bn pandemic sales decline
The pandemic cost forecourt giant Motor Fuel Group £1.1bn in sales last year, but profits nevertheless improved as its grocery convenience sales boomed
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NewsSainsbury’s shrugs off inflationary pressures to hike profits expectations
Sainsbury’s has hiked its profit expectations for the full year despite pledging action on price and mounting inflationary pressures following better-than-expected sales in the first quarter
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NewsCity snapshot: Philip Morris buys UK pharma firm to broaden beyond tobacco
Tobacco giant Philip Morris International has agreed to acquire UK-based inhaled drug delivery specialist Vectura for £852m as part of an effort to broaden its business
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NewsMedia Bites 9 July: Deliveroo, Morrisons, B&M Bargains
Fears that the reopening of pubs and restaurants would take a big bite out of Deliveroo’s takings proved wide of the mark
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NewsSnappy Group to create 400 jobs with £20m in fundraising
Funding included a £6.6m investment from PayPoint
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NewsCity snapshot: Deliveroo ups sales forecast as second quarter orders surge past expectations
Food delivery player Deliveroo has enhanced its full year sales forecast after announcing its second quarter revenues were significantly ahead of previously announced expectations.
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NewsMedia Bites 8 July: Morrisons, Wetherspoon, HGV driver crisis
Morrisons has sought to head off political opposition to a private equity takeover of the supermarket
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NewsCity snapshot: Wetherspoon bemoans food taxes as temporary hospitality VAT cut approaches end
Wetherspoon chairman Tim Martin has criticised the ‘tax inequality’ between supermarkets and the leisure trade as the government’s temporary reduction in hospitality VAT nears an end in September.
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NewsMedia Bites 7 July: Morrisons, Sainsbury’s, Ocado
Ministers will ask to meet with Morrisons’ management to seek assurances about its future following a US takeover bid
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NewsJustin King appointed advisor to board of Ellie Goulding’s hard seltzer brand Served
King - also a non-exec at M&S and a member of PwC’s Public Interest Body, has joined as a senior board advisor
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NewsCity snapshot: Sainsbury’s upgrades earnings on strong Q1 sales
Sainsbury’s has raised its full year profits expectations after posting growth in its first quarter despite ’exceptionally tough comparatives’.
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NewsMedia Bites 6 July: Morrisons, Sainsbury’s, Retail Footfall
The UK’s largest asset manager has warned that private equity firms must not be allowed to acquire Wm Morrison for the ‘wrong reasons’
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NewsCathedral City owner Saputo acquires Wensleydale Dairy Products in £23m deal
The acquisition of the Wensleydale Creamery owner follows Saputo’s purchase of Sheese owner Bute Island Foods in May
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NewsMedia Bites 5 July: Morrisons takeover, Sainsbury’s, Asda
The papers delve into the news that Morrisons has accepted a £6.3bn takeover offer from an investor consortium led by private equity firm Fortress
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NewsCity snapshot: Morrisons shares surge on prospect of bidding war
Morrisons shares have jumped more than 11% this morning on the prospect of a bidding war for the UK’s fourth largest grocer after it accepted a £6.3bn offer over the weekend.
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Analysis & FeaturesProtection vs plundering: why Morrisons is backing the Fortress bid
The Morrisons board has announced its support for a £6.3bn cash offer from Majestic Wine owner Fortress Investment Group. Here’s why