All Finance articles – Page 253
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NewsCity snapshot: Diageo buys US flavoured tequila brand 21Seeds
Diageo has acquired US flavoured tequila brand 21Seeds to boost its portfolio of high growth brands
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NewsMedia Bites 1 April: Eggs, Lottery, Boots
Hundreds of UK egg farms are at risk of collapse after surging input costs were pushed up still further by Russia’s invasion of Ukraine
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NewsCity snapshot: Tate & Lyle to acquire Chinese dietary fibre business for US$237m
Tate & Lyle has signed an agreement to acquire Quantum Hi-Tech (Guangdong) Biological Co, a prebiotic dietary fibre business in China for US$237m (£180m).
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NewsMedia Bites 31 March: Holland & Barrett, Starbucks, Deliveroo
Holland & Barrett has been left in limbo over a crucial debt payment held up by HSBC given the bank’s concerns about links to Russian oligarchs on the sanctions list
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NewsCity snapshot: Huel sales pass £100m on surging global growth
Plant-based meals brand Huel saw revenues top £100m last year amid strong growth in the UK and its international business
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NewsMedia Bites 30 March: Grocery market share, AG Barr, Tesco
Food price inflation has hit its highest level in almost a decade, suggesting that the squeeze on household incomes may be even tighter than previously thought
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NewsCity snapshot: Grocery sales fall back amid soaring inflation
Take home grocery sales have slumped by 6.3% in the 12 weeks to 20 March as inflation hit its highest level for a decade, according to the latest market share data from Kantar. Plus AG Barr bounces back to top pre-pandemic results and all the rest of the latest news from the City.
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NewsMedia Bites 29 March: Asda, Heineken/Carlsberg, Cadbury
Profits at Asda doubled last year as the supermarket chain announced that it would be launching a new value range of groceries with a similar name to Waitrose’s cut-price line
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NewsCarlsberg to sell Russia’s biggest brewer Baltika
Danish brewing giant Carlsberg is to dispose of its Russian arm, where it is currently the market leading brewer in the country
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NewsHeineken to dispose of its Russian business and take €400m hit
Global brewer Heineken has announced it will dispose of its Russian business and leave the country due to its war on Ukraine.
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NewsMatugga Distillery closes in on £300k crowdfunding goal
The business, run by married co-founders Jacine Rutasikwa and Paul Rutasikwa, is aiming to become a ‘cane to cask’ producer, with plans underway to develop a sugarcane plantation in Uganda.
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NewsCity snapshot: Investors call on Sainsbury’s to pay living wage
An investor coalition managing £2.2trn in funds has filed a shareholder resolution to demand Sainsbury’s to pay a living wage to all its workers. Plus, Heineken to pull out of Russia and take €400m writedown and all the rest of the latest news from the City.
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NewsMedia Bites 28 March: Boots, Sainsbury’s, UK retail sales
Four private equity firms are understood to have given presentations to Boots’ management team and submit second round offers in the coming weeks
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NewsKoRo closes €50m funding round to continue rapid growth across Europe
The business – started in Berlin in 2014 – sells a range of more than 1,000 SKUs across food categories and kitchen appliances direct to consumers.
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NewsCMA gives Boparan green light for Banham Poultry acquisition
After taking a closer look at the transaction and launching a phase 1 inquiry in January, the Competition & Markets Authority (CMA) cleared the deal.
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NewsCity News: MP Evans profits surge on soaring prices
Surging commodity prices are not bad news for all food industry players, as UK-listed palm oil producer MP Evans proved this week with soaring annual profits
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NewsCheeky Panda smashes £1m crowdfunding target as it looks ahead to IPO
Eco household brand Cheeky Panda has welcomed thousands of new shareholders after closing its latest round of crowdfunding ahead of a planned IPO.
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NewsLittle Moons hires Mike Hedges as CEO after L Catterton invests
Hedges joins the business as CEO on 4 April to support further distribution expansion in the UK and overseas.
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NewsCity snapshot: UK retail sales unexpectedly fall in February
UK retail sales fell back unexpectedly in February as increased eating out hit the grocery sector and online sales fell back
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NewsMedia Bites 25 March: Boots, Holland & Barrett, Ocado, Morrisons, McColl's
Apollo Global Management, the New York-based buyout giant, is lining up banks to fund a £6bn tilt to buy Boots, according to reports this morning.