All Finance articles – Page 231
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NewsCity snapshot: AB InBev boss Carlos Brito to step down
The world’s largest brewer AB InBev has announced CEO Carlos Brito will step down after 15 years in charge, to be replaced by North America chief Michel Doukeris. Plus ABI posts strong start to 2021, Virgin Wines and Glanbia up guidance and all the rest of the latest news from the City
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NewsMedia Bites 6 May: Pepco, Asda, Co-op
The former boss of Asda will make up to £9.2m selling shares in the upcoming Warsaw stock market listing of Pepco, the owner of Poundland.
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NewsSerious Pig smashes crowdfunding target as it eyes further growth
Premium snacks brand Serious Pig, which is backed by BrewDog’s James Watt, has smashed a £350,000 crowdfunding target to help accelerate growth, expand the product range and bolster its sustainability credentials.
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NewsLyre’s worth more than £100m as it raises extra funding for growth
The business plans to use the new funds to boost its presence overseas from 43 countries currently to 60 by the end of the year, as well as investing in its manufacturing capabilities in the UK, Europe and the US, and helping to prepare for the reopening of the global hospitality sector as restrictions ease.
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NewsIssa brothers to sell 27 forecourts and clinch Asda takeover deal
The CMA had raised concerns over possible fuel price hikes in areas where both Asda and EG operate
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NewsPure Pet Food receives further private equity cash injection
The latest funding round follows a £2m cash injection from NVM Private Equity in 2019
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NewsMedia Bites 5 May: Tesco, Co-op, Nestlé
Tesco has agreed to increase sales of healthier food following pressure from investors
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NewsCity snapshot: Online demand slows as shoppers return to supermarkets
Supermarket customers shopped less online and more in store in April following the latest easing of coronavirus restrictions, new figures showed this morning. Plus, Pepco values itself at up to €5.8bn in upcoming Warsaw IPO; shares in McBride collapse on warnings or soaring raw material costs; and Raisio sales and profits fall in Q1 as it laps 2020 panic buying.
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NewsBritvic snaps up Plenish as it bets on plant power to fuel growth
Britvic has strengthened its presence in the fast-growing plant-based nutrition category with the acquisition of Plenish for an undisclosed sum
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NewsCity snapshot: HelloFresh sales more than double amid increased capacity
European delivery kit giant HelloFresh has posted another quarter of bumper growth as it increased capacity to meet surging demand during the coronavirus pandemic.
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NewsMedia Bites 4 May: Ocado, Starbucks, Asahi
Ocado faces a shareholder backlash over “excessive” pay, including boss Tim Steiner’s near-£7m windfall.
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NewsSainsbury’s shares fall on well-flagged Covid costs
Sainsbury’s was the latest grocer to see its share price fall after one-off costs drove it to an annual loss
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NewsLaila’s posts further losses amid pandemic scratch cooking boom
Laila’s Fine Foods ‘reliant on creditors’ as it forecast it would be lossmaking for the third year in a row
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NewsUK food M&A activity recovers to highest level seen since 2017
According to Grant Thornton’s quarterly M&A report, the 63 transactions announced in the first quarter represent the highest deal volumes since 2017
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Analysis & FeaturesHow will consumers view JBS’s acquisition of plant-based Vivera?
The plant-based deal has already provoked ire on social media
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NewsCity snapshot: Nestlé agrees $5.75bn Bountiful Company supplements deal
Nestlé has boosted its presence in the global nutrition and supplement market with the US$5.75bn acquisition of The Bountiful Company
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NewsMedia Bites 30 April: Unilever, Amazon, Co-op
Unilever sounds price rise klaxon as manufacturers grapple cost pressures
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Analysis & FeaturesWhat’s the plan for Sainsbury’s following £261m loss?
Simon Roberts insists the business ‘is in good shape and has lots of potential’. How is he planning to bounce back?
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NewsTesco offers finance incentives for suppliers to sign carbon targets
The move incentivises companies to make positive changes to their business
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NewsJempson’s reports ‘outstanding’ increase in turnover and profit
Jempson’s launched a home delivery service for groceries, which racked up £1m of sales in the 2020 calendar year