All Finance articles – Page 522
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NewsMedia Bites 3 Jan: Tesco, M&S, Steinhoff, Weight Watchers
Tesco’s former UK food boss did not commit fraud but in fact helped to uncover accounting irregularities his lawyer told a court yesterday.
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NewsPrinces profits hit by cost hikes and exchange rate pressure
Pre-tax profits excluding impairment charges were £28.7m, down from £54.4m in 2016
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NewsMotor Fuel Group buys 14 forecourt sites from Golden Cross
The deal means Britain’s second largest independent forecourt retailer now operates 439 petrol stations…
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NewsM&S sells Hong Kong and Macau retail business to Al-Futtaim
The sale comes after M&S’s strategic review of its international business in November 2016
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NewsCompass Group CEO Richard Cousins dies in plane crash
Dominic Blakemore takes over at Compass following Australia tragedy
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NewsCity Snapshot: The Co-op plans 100 store openings in 2018
The Co-op Group has announced plans to open 100 food stores across the UK in 2018 to create an estimated 1,600 new jobs. Plus, tributes for Compass Group CEO Richard Cousins after his tragic death, Marks & Spencer sells retail business in Hong Kong and Macau and all the latest news from the City.
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NewsMedia Bites 2 Jan: Patisserie Valerie/Bread Holdings, Richard Cousins, Co-op, P&H
Patisserie Valerie is preparing to tap investors for tens of millions of pounds as it bakes a takeover bid for the company that owns Gail’s, the chain of artisan cafes.
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NewsArla Foods strengthens presence in Southeast Asia with ICBP joint venture
Arla Foods is set to strengthen its business in Southeast Asia by establishing a joint venture with PT Indofood CBP Sukses Makmur Tbk (ICBP), a major fast-moving consumer goods companies and dairy player in Indonesia.
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NewsBooths sees losses balloon to £13.5m as it struggles in competitive market
Sales at the retailer, which reportedly hired bankers at Rothschild in November to explore a potential sale, sank another 4.3% to £263.4m in the year ended 1 April 2017.
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NewsSainsbury's gears up for £160m 'frenzied Friday' boost
The supermarket estimates 5.2 million customers will visit a Sainsbury’s store today to stock up for Christmas
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Comment & Opinion2017's mega-deals in review - Akeel Sachak
As 2017 draws to a close, we can wave goodbye to another buoyant year for M&A activity, says Akeel Sachak, the global head of consumer for Rothschild.
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NewsCity snapshot: Raisio sells Fox's Glacier Mints and confectionery business to Valeo Foods
Embattled Finnish group Raisio has sold its confectionery business, which includes the Fox’s Glacier Mints and Poppets brands, to Rowse Honey owner Valeo Foods in a deal worth €100m. However, Raisio will record a €38m loss on the sale
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NewsSales surge at London craft brewery Camden Town
Revenues for the brand, snapped up by brewing behemoth AB InBev in January 2016, grew £2.53m to £16.9m
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NewsMedia Bites 22 December: Tesco/2 Sisters, plastic recycling
There is little in the way of food and drink news in this morning papers, but the survival of Toys R Us generates plenty of headlines in wider retails. And an MP says Tesco chief must explain silence over second 2 Sisters factory.
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Comment & OpinionFive key deals to sum up food and drink M&A in 2017
Catalyst Corporate Finance directors Simon Peacock and Charles Lanceley identify five of the year’s most significant deals, each illustrating trends underpinning M&A activity in food and drink during 2017.
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NewsSeabrook refinances with £23m growth package
Seabrook Crisps has agreed a £23m refinancing package to support its growth strategy.
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NewsFruitapeel acquired by Belgian ingredients business Puratos
The acquisition, for an undisclosed sum, comes less than seven months after Terry and Deborah Haigh bought the Fruitapeel business from existing fellow shareholders in an MBO.
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Comment & OpinionA bleak Christmas for opponents of the rubberstamped Tesco-Booker deal
For bitter opponents, reading the CMA’s verdict must feel like an untimely dose of the norovirus
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NewsPM insists EU free-trade deal before Brexit is possible
General election delay to negotiations will not affect ability to secure deal before 29 March 2019 insists May
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Comment & OpinionAn interesting year for food & drink M&A - Shaun Browne
The underlying performance of many UK food manufacturers has been mixed, with many companies not achieving the ambitious targets they set for themselves at the beginning of the year. Despite this, the quantum of M&A activity in the sector has been broadly consistent with 2016.