All articles by Henry Saker-Clark – Page 19
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NewsQuorn to invest £7m in new R&D centre after 12% sales growth
The boom in meat-free has helped Quorn to double-figure growth which has prompted the business to announce a £7m R&D investment.
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NewsMarks & Spencer launches Founders Factory partnership to invest in startups
London-based Founders Factory was set up by LastMinute.com founder Brett Hoberman and Henry Lane Fox and work to launch and scale startups across all sectors
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NewsCity snapshot: McColl's profits plunge after P&H collapse disruption
Like-for-like sales at convenience chain McColls grew 2.7% in the “most challenging six months the company has faced” as the company was impacted by the failure of Palmer & Harvey. Plus, Tesco readies discount chain launch and all the rest of the latest news from the City.
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NewsMedia Bites 23 July: Tesco, Poundworld, Quorn
Tesco is preparing to launch a new discount chain as early as September, as the supermarket ramps up its battle with the discounters Aldi and Lidl.
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NewsBrazil truck strikes drag growth down at Unilever
Unilever has spent much of the past few weeks trying to unite shareholders over its planned corporate relocation to the Netherlands, but it was left frustrated by South American affairs on Thursday as shrinking profits were blamed on trucking strikes in Brazil.
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NewsLab-grown meat startup raises $8.8m for commercial launch
The cultured meat startup is looking to make its products commercially available by 2021
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NewsMuddle & Mash and London Cellar hire liquidators
High-end cocktail mixer manufacturer Muddle & Mash has closed its doors after profitability steeply declined
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Comment & OpinionGavin Darby has survived Premier AGM vote but he must do better – and fast
Darby has withstood immense pressure and lives to fight another day, winning the re-election vote by 59% to 41%
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NewsIntersnack buys Popchips through KP snacks
KP has bought Popchips Ltd for an undisclosed sum from parent company Popchips Inc, which will continue to run the brand outside Europe
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NewsNestlé and JAB looking to buy Italian coffee maker Illy
Illy has rebuffed interest following approaches from JAB holding and Nestle, who have both made acquisitions in the category recently, according to Bloomberg
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NewsClearly Drinks acquires supplier Powerful Water Company
The acquisition is the first major move by the Perfectly Clear water manufacturer after it was bought by private equity last year
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NewsAnnual sales dip 3.4% at Finsbury Food Group
Full year sales at baked goods manufacturer Finsbury Food Group (FIF) dropped 3.4% as it was impacted by bakery closures and declining overseas sales.
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NewsMedia Bites 16 July: Premier Foods, Walmart, Unilever
Former Rank Hovis McDougall executive chairman Paul Wilkinson added to ranks criticising Premier Foods CEO Darby ahead of a showdown shareholders this week.
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Analysis & FeaturesCan Gavin Darby stand the pressure at Premier Foods?
Oasis Management intends to vote against the re-election of Premier Foods CEO Gavin Darby at the group’s AGM
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NewsAdelie Foods sinks to £28.8m loss after losing contracts
The food-to-go supplier fell dramatically in the year-and-a-half after recording a £5.5m profit in the previous 12-month period
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NewsCity snapshot: Weetabix profits slide amid sales process 'management distraction'
Profits slid at Weetabix in the run-up to its sale to US food group Post Holdings newly filed Companies House accounts have revealed. Plus, C&C Group has completed the refinancing of its bank facilities after its Bibendum and Matthew Clark acquisition and all the rest of the latest news from the City.
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NewsMedia Bites 13 July: Walmart, B&M, Ocado
Walmart has approached bankers about a potential sale of its struggling Seiyu supermarket chain and exit from Japan following a tumultuous 16 years in the market.
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NewsPremier Foods activist investor Oasis doubles down in bid to out CEO
Oasis Management, which described the company’s performance under Darby as “zombie-like”, has increased its stake from 9.1% to 17.3% a week ahead of Premier’s AGM
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NewsCo-op likely to return for Costcutter as £15m bid revealed
Co-op’s deal to supply Costcutter kicked-off on 28 May
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NewsCity snapshot: Co-op's audacious £15m bid for Costcutter rebuffed
The Co-op Group has made an audacious bid to buy convenience retailer Costcutter for around £15m, according to weekend reports. Plus, two more of Premier Foods’ largest shareholders back a campaign to oust CEO Gavin Darby, a look at the financial calendar this week and all the rest of the latest news from the City.