All Finance articles – Page 432
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NewsFood and drink deals down despite 'good M&A environment'
Levels of UK food and drink dealmaking slumped to their lowest since 2014 in the first quarter, but the environment remains conducive for more M&A in the sector, according to a Grant Thornton report.
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NewsEast London Liquor and Cotswolds smash crowdfunding targets
Two craft gin and whisky distilleries have exceeded their seven-figure crowdfunding targets to scale up and tap the UK’s growing thirst for craft spirits
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Analysis & FeaturesMadagascan vanilla prices past the peak
Panic over a vanilla shortage reached fever pitch this week
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NewsCity snapshot: Former Asda meat exec to take charge at Crawshaw
Butchery group Crawshaw has announced the appointment of former Asda meat executive Jim Viggars as CEO. Plus Heineken acquires a minority stake in the Belize Brewing Company, Nomad Foods reported first-quarter adjusted EBITDA up 16% and all the rest of the latest news from the City.
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NewsMedia Bites 11 May: Amazon/Morrisons, High streets, Walmart
Amazon could buy Morrisons, which already provides the online giant with food deliveries to UK customers using its Panty and Prime services, according to one industry analyst.
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Analysis & FeaturesHas the CMA painted itself into a corner with methodology?
Some claim the Tesco-Booker precedent leaves the authority ‘toothless’ – but will Sainsbury’s-Asda be waved through?
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Analysis & FeaturesNestlé and Starbucks join to form 'global coffee alliance'
Nestlé will pay $7.15bn (£5.3bn) for a ‘perpetual licence’ to sell Starbucks products outside the coffee chain’s stores
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NewsTesco CEO Dave Lewis’ pay up 17.5% to £4.9m
The annual pay packet of Tesco CEO Dave Lewis rose 17.5% last year to £4.9m as the award of shares worth £971k boosted his earnings.
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NewsCity snapshot: Morrisons trumpets ‘strong start’ to the year
Morrisons (MRW) has heralded “a strong start to the year” during which it became more competitive while delivering like-for-like sales of 3.6%. Plus, Tesco releases annual report, Coca-Cola HBC posts 4.5% first quarter organic growth and all the rest of the latest news from the City.
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NewsMedia Bites 10 May: Walmart/Flipkart, Greggs, Retail sales
Walmart has confirmed its agreement to by 77% of India’s largest online retailer, Flipkart, in a $16bn (£12bn) deal that puts the US giant head-to-head with Amazon.
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NewsCompass Group shares slide on profits drop
Compass Group has reported a “strong” first-half but subdued trading on the Continent offset good growth in the UK.
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NewsOcado unveils first robot picker at its Andover site
The retailer is on a path towards “100% robot picking” says technology chief
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NewsEngland to re-examine case for minimum alcohol unit pricing
The policy came into force in Scotland at the start of this month after five years of legal challenges
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Comment & OpinionHow will Nestlé and Starbucks' coffee deal affect the brands in the UK?
Nestlé’s existing premium coffee offering through Nespresso is unlikely to be affected - but there could be other opportunities for synergies, says Matt Lee of Capture
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NewsCity snapshot: Weak customer footfall hits Greggs food to go
The big winter freeze knocked food to go in some of Greggs’ retail locations, impacting performance in the first quarter of the year. Plus, Compass Group has reported a “strong” first-half but subdued trading on the Continent offset good growth in the UK, AB InBev posts first-quarter revenue up 4.7% in the first quarter, updates from Imperial Brands, Ahold Delhaize and Henkel and the rest of the news from the City.
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NewsMedia Bites 9 May: Sainsbury’s, Price wars, BRC/KPMG
Sainsbury’s bosses have exercised share options worth £4.5m, the timing and size of which could raise eyebrows so soon after the Asda merger was announced
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Comment & OpinionWhat does the Nestlé-Starbucks deal mean for the world of coffee?
The Swiss food giant has agreed to pay $7.15bn in cash for a perpetual licence to market Starbucks’ consumer and foodservice products outside of the coffee chain’s stores
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NewsFormer Tesco online boss Ken Towle takes over as CEO of Nisa
Interim CEO Arnu Misra will remain for a transition period to ensure a smooth handover, the completion of the deal comes after a court in London agreed to grant the Co-op a scheme of arrangement on Friday
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NewsJason Marshall joins BrewDog as CFO ahead of growth push
The brewer claims it is preparing for “a period of accelerated domestic and international growth”
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NewsCity snapshot: Nestlé clinches global coffee deal with Starbucks
Nestlé has confirmed an agreement granting it perpetual rights to market Starbucks consumer and foodservice products globally outside of the company’s coffee shops. Plus, Wynnstay Group has appointed a new CEO, PureCircle launches Coca-Cola Stevia No Sugar, and a look at the City diary for the rest of the week.