All Finance articles – Page 380
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NewsFire at Ocado's Andover site caused 'substantial damage'
Operations at the facility remain suspended, affecting the online supermarket’s ability to meet demand
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NewsUnilever wins £150m race for Graze
Unilever has acquired healthy snacking brand Graze in its first acquisition under new CEO Alan Jope.
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NewsMedia Bites 6 Feb: Ocado, Unilever, Grocery market share
A fire at one of its high-tech warehouses yesterday dealt a blow to Ocado, on the same day that it reported a rise in annual losses and announced a new one-hour delivery service.
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NewsOcado suspends operations at Andover after fire
The fire brigade was on site and no one had been injured, the online supermarket said
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NewsOcado announces Zoom one-hour rapid delivery
Some 10,000 products will be available in the West London trial
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NewsHenderson Foodservice expands further with Foodco deal
Foodservice operator Foodco has sites on both sides of the Irish border
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NewsOcado annual losses rise to £44m as expansion hits bottom line
Ocado grew its annual revenues by 12.3% in 2018, but its pre-tax losses jumped from £9.8m to £44.4m.
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NewsMedia Bites 5 Feb: Patisserie Valerie, Retail sales, Brexit
Patisserie Valerie has attracted interest from numerous bidders, including offers for the entire 206-store chain and ones for parts of it, according to administrators.
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NewsHMRC advises businesses on no-deal Brexit border procedures
HMRC has written to nearly 150,000 businesses who trade with the EU to inform them of temporary simplified importing procedures
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NewsPepsiCo completes £20m deal for Pipers Crisps
PepsiCo has completed the acquisition of foodservice snacking specialist Pipers Crisps after receiving the green light from the UK’s Competition and Markets Authority.
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NewsNo-deal Brexit could cost poultry sector £200m in lost exports
Access to the EU market was vital in maintaining the sector’s carcase balance, said the British Poultry Council
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News100 potential bidders ran the rule over Patisserie Valerie
Around 100 potential bidders expressed an interest in rescuing stricken cake retailer Patisserie Valerie ahead of crunch talks this week, though reports warn the chain could be broken up.
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NewsMedia Bites 4 Feb: Brexit stockpiling, Patisserie Valerie, Ocado
British factories stockpiled goods in January at the fastest rate in 30 years, as they count down towards a potentially chaotic Brexit
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NewsPip & Nut looks for minority partner to drive rapid growth
The health-focused supplier has hired Houlihan Lokey to find a partner to acquire a minority stake for around £5m
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NewsAsset sales help boost profits at William Jackson
Pre-tax profits more than doubled after the sale of its MyFresh salad business
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NewsFood companies unprepared for no-deal Brexit, survey reveals
The results reveal many have underestimated the implications of Brexit
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NewsYoung's Seafood co-owner eyes total control after sale stalls
The Grocer understands HPS Investments is now considering taking total control from co-owners Lion Capital and Bain Capital
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NewsGraze purchase set to be first big Unilever deal under Jope
Unilever is reportedly set to win the auction for the healthy snack brand
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NewsCity snapshot: Pip & Nut seeks £5m funding boost
Fast growing Pip & Nut has hired advisors to secure a major cash injection to drive the nut butter brand’s next stage of growth. Plus, Real Good Foods sells frozen desserts business in MBO spin-off and all the rest of the latest news from the City.
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NewsMedia Bites 1 Feb: Patisserie Valerie, Asda, Unilever
Patisserie Valerie, the café chain that crashed into administration last week, looks increasingly likely to be sold off in chunks, with its unreliable accounts deterring even those bidders that specialise in distressed companies.