All Finance articles – Page 414
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NewsFood & drink M&A activity on the rise despite Brexit concerns
Recorded deals for the second quarter of 2018 were 28% higher than the first quarter
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Analysis & FeaturesWhy did Lorente leave Asda and what now for Burnley?
Jesús Lorente lasted just seven months in his role as Asda’s CMO
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NewsCity snapshot: Heineken agrees Chinese beer partnership with China Resources
Heineken has struck a partnership deal with China Resources that will see it acquire a 40% shareholding in the company controlling Chinese beer market leader CR Beer. Plus, global pharmacy giant Walgreens Boots Alliance kicks off sales process for its sports nutrition businesses PhD Nutrition and The Protein Works and all the rest of the latest news from the City.
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NewsMedia Bites 3 Aug: Amazon, M&S, Starbucks
Amazon has revealed that its UK corporation tax bill almost halved to £4.5m last year, days after the US company posted a record profit of $2.5bn (£1.9bn) in its most recent quarter.
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NewsWBA kicks off sales process for sports nutrition brands
The Grocer understands WBA has hired Spayne Lindsay to handle a sales process for its PhD Nutrition and The Protein Works.
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NewsMeadow Foods secures 'strategic investment' from PE firm Exponent
Private equity firm Exponent has acquired dairy group Meadow Foods from fellow PE firm Paine Schwartz Partners.
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NewsRemeo Gelato raises £500k from investors to grow listings
The supplier, which is currently listed in Waitrose and Ocado, said sales had increased three-fold this summer
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NewsBruce Condon named Weetabix finance head
Prior to joining Weetabix, Condon spent 15 years at footwear company Wolverine Worldwide
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Analysis & FeaturesSultana and raisin prices significantly up on last year
Sultanas and raisin prices remain significantly inflated in comparison with last year, driven by high prices for dried grapes in California
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NewsApplegreen agrees reverse takeover of Welcome Break
Irish forecourt operator Applegreen has bought a majority stake in service station group Welcome Break for €361.8m in a deal that constitutes a reverse takeover.
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NewsMedia Bites 2 Aug: The Co-op, AG Barr, Plastics
The Co-op Group is exploring the sale of its general insurance operations for about £300m amid accelerating changes to the industry’s distribution model.
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NewsHot weather helps AG Barr recover to 5% sales growth
Irn Bru and Rubicon manufacturer AG Barr recorded a 5% increase in sales for the first half of 2018.
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NewsMedia Bites 1 Aug: Greggs, Food inflation, P&G
Bakery chain Greggs reported a rise in sales yesterday despite a challenging high street and extreme weather conditions, driven by growth in its breakfast and healthier choices ranges
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Comment & OpinionIFRS 16 accounting change will be momentous for UK retailers
Savvy retailers have a window of opportunity to proactively negotiate with their banks, says MUFG’s Simon Lello
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NewsTotal Produce's $300m investment in fruit giant Dole cleared
The deal, which was first agreed in February, was completed following approval from the European Commision
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NewsFCA opens crowdfunding consultations after witnessing "poor practice"
The regulator says changes it has proposed are designed to address the ways that loan-based crowdfunding has developed and can be improved
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NewsHotel Chocolat signs deal to develop Scandinavian presence
New franchise stores to open in Sweden, Norway and Finland
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NewsCity snapshot: Hot weather hits first half trading at Greggs
Food to go bakery chain Greggs has reported a slowdown in first half like-for-like sales and a drop in profitability as hot UK weather and falling footfall hit performance. Plus, UK food to grow drives 8.1% pro forma third quarter sales rise at Greencore, first half sales up and profits down at Just Eat and all the rest of the latest news from the City.
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NewsMedia Bites 31 July: Lidl, Heineken, Brexit agriculture
Lidl is planning to lead the development of more than 3,000 homes and a primary school in the discount supermarket’s latest tactic to secure planning permission for a flurry of new stores around London
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Analysis & FeaturesJesús Lorente no miracle worker for Asda
Lorente’s Asda departure reveals Roger Burnley’s decisive side