All Finance articles – Page 4
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NewsMedia Bites 12 Feb: Kraft Heinz/Planters, Asda, Marston’s
Kraft Heinz has agreed to sell its Planters peanuts and snacks business to Hormel Foods for $3.35bn as it seeks to shore up its balance sheet and boost growth
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Symington’s private equity owner explores sale options
Chicken Tonight owner Symington’s has hired advisors to explore sale options following a successful turnaround
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CMA gives Diageo the green light to complete Chase acquisition
UK regulators have cleared Diageo’s acquisition of Chase Distillery after concluding the deal will not result in a “substantial lessening of competition”.
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Arla shrugs off foodservice sales plunge as branded revenues soar
Many consumers turned to cooking and baking under lockdown, helping to boost sales of Arla’s global brands Lurpak, Arla and Puck
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Media Bites 11 Feb: Coca-Cola, Heineken, SSP Group, Sainsbury’s
Coca-Cola’s sales dropped 5% in the final quarter of 2020, as a resurgence of coronavirus cases prompted renewed curbs on restaurants and bars.
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City snapshot: CCEP posts double digit drop in annual sales amid out-of-home slump
UK and European Coke bottler Coca-Cola European Partners has reported an 11% drop in annual sales as its away from home volumes have plunged by more than a quarter
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Warburtons invests in The Artful Baker as Batch Ventures gets off the ground
Warburtons has backed biscuit producer The Artful Baker in the maiden investment as part of its Batch Ventures bakery innovation fund.
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Coca-Cola predicts improved 2021 despite double-digit sales drop
After a difficult year, Coca-Cola’s numbers improved in the fourth quarter
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Giles Brook joins Bio & Me as lead investor
Brook joins Bio & Me as lead investor and advisor, with his six-figure backing to be used to raise brand awareness and help with new product launches.
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City snapshot: Heineken slashes 8,000 jobs as pandemic plunges brewer into the red
Heineken is cutting 8,000 jobs around the world in a €2bn cost-saving drive to reshape the group and kick-start growth in the wake of the coronavirus pandemic.
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Media Bites 10 Feb: Ocado, Tesco, Brewing and pubs
Ocado sharp rise in sales and profits is put in context, with the papers noting the online retailer has still never made an annual profit
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Chapel Down drops beer business Curious Drinks to focus on wine
Chapel Down invested heavily into building the Curious brand over the past decade
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Ocado loss falls to £44m after bumper retail growth
The online grocer has cut its annual loss by almost 80% amid booming sales during the pandemic, but warned growing costs will continue to constrain profitability
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Media Bites 9 Feb: Household spending, hospitality, Brexit
UK consumer spending and retail sales fell in January at the fastest pace since May, suggesting the economy has been hit harder by the current lockdown than November’s restrictions despite people switching to online shopping.
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City snapshot: Lockdown drives sales boom at Ultimate Products
Ultimate Products has raised its expectations for the year as the boom in online shopping and supermarkets during lockdown continues to benefit the consumer goods group. Plus, Cake Box opens 150th store.
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Media Bites 8 Feb: Business rates, Amazon, UK/EU trade
Tesco, Morrisons and Waterstones are among companies that have urged chancellor Rishi Sunak to ’level the playing field’ between bricks-and-mortar stores and online retailers
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City News: Unilever’s shrinking margins cause concern despite growth
At first glance, there was plenty to like about Unilever’s full-year results on Thursday
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Peak Rock Capital invests in packaging firm AMB
Private equity investor Peak Rock Capital has acquired Italian packaging specialist AMB alongside the company’s founders, current owners and management team
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Shelf prices fall as supermarkets brush off import cost concerns
Supermarkets have avoided passing on any extra costs incurred from importing goods into the UK, The Grocer Price Index has suggested
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M&A deals rebound in fourth quarter as COVID freeze thaws
Food and drink M&A rebounded sharply at the end of 2020 as pent-up demand, optimism over post-coronavirus economic recovery and potential tax hikes encouraged deal activity
