All Finance articles – Page 249
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NewsTidal Rum eyes more listings with backing from the crowd
British rum brand The Tidal Rum has hit its crowdfunding target to help expand its distribution across the on and off-trade.
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NewsMedia Bites 7 Oct: Tesco, Ocado, Imperial Brands
Tesco reported a doubling of first-half profits and raised its full-year outlook - shrugging off the challenges posed by supply chain disruption
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NewsCity Snapshot: Nestlé ‘working hard’ to maintain Christmas supply of Quality Street
Nestlé has warned over potential supply problems ahead of the key Christmas period after being dragged into the ongoing crisis hitting all areas of the food industry.
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NewsAddo and Winterbotham Darby merged as Compleat Food Group after PAI acquisitions
Chilled food suppliers Addo Food Group and Winterbotham Darby will come together under the new banner of The Compleat Food Group following their acquisition by PAI Partners earlier this year.
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NewsTesco profits boosted by strong UK sales and Booker rebound
Tesco has hiked its profits expectations this year after strong UK sales and the sharp recovery of Booker boosted its first half performance.
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NewsCity snapshot: Tesco raises profit expectations on strong sales growth
Tesco has hiked its profits expectations after strong UK sales and the sharp recovery of Booker boosted its first half performance.
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NewsMedia Bites 6 October: Greggs, Hotel Chocolat, PepsiCo, supply chain shortages
The papers cover trading updates from Greggs, Hotel Chocolat and PepsiCo, with all three warning about soaring costs.
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NewsCity snapshot: Hotel Chocolat sales and profits rise on digital growth
Hotel Chocolat has posted a financial year ahead of the board’s expectations, with strong revenue and profit growth despite the impact of the pandemic
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NewsMedia Bites 5 October: Sainsbury’s/Tesco/Morrrisons, HGV crisis, Caffe Nero
Morrisons featured heavily again today as the papers digested the CD&R deal and looked at who might be next on the PE hit list.
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NewsUK food and drink deal activity surges to ten-year high
UK food and drink M&A activity jumped to its highest level since 2010 in the fourth month period between May and August as the 2021 rush of dealmaking continued.
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NewsSamworth Brothers revenues take hit from food to go slump
The Ginsters and West Cornwall Pasty Co owner said Covid’s impact on buying habits had led to a “very difficult and challenging”
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NewsEG Group buys bakery chain Cooplands
UK forecourt giant EG Group has expanded its foodservice portfolio with the acquisition of bakery business Cooplands.
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Comment & OpinionMorrisons takeover leaves remaining public supermarkets looking attractive
Fortress’ statement bowing out of the Morrisons auction ominously says that the UK remains ’a very attractive investment environment from many perspectives’
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NewsCity Snapshot: CD&R wins £7bn Morrisons takeover auction
US private equity firm Clayton, Dubilier & Rice prevailed in the one-day auction for Morrisons over the weekend
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NewsMedia Bites 4 Oct: Morrisons, Tesco, Pig cull
Private equity giant Clayton, Dubilier & Rice is poised to buy Morrisons for £7 billion after emerging victorious from a three-month bidding war for the supermarket chain
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NewsHovis falls to takeover-driven pre-tax loss despite revenue uptick of 8%
Hovis revenues were up 8% in 2020 to £360.7m despite the ‘highly competitive’ nature of the wrapped bakery category
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NewsFood shortages cost big four supermarkets £2bn in lost sales
The cost is expected to increase further in the run up to Christmas
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NewsCity snapshot: Greencore fourth quarter sales back above pre-Covid levels
Greencore has seen further recovery in its fourth quarter to take revenues back above pre-Covid levels and full year operating profits at the upper end of expectations
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NewsMedia Bites 1 October: Fuel crisis, Furlough, Sainsbury’s
There has been no improvement in petrol supplies at independent petrol stations since Wednesday, according to industry body the Petrol Retailers Association
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NewsCity snapshot: Diageo points to margin recovery as hospitality sector reopens
Diageo has said it has made a ‘strong start’ to its financial year, forecasting an improvement in operating margins despite supply chain constraints. Plus, Parsley Box warns on sales and profits and all the rest of the latest news from the City.