City snapshot: Conviviality seeks £125m from investors to save the business

Conviviality has announced an equity placing to raise £125m in a bid to recapitalise the business – without which it said it was “unlikely” to be able to continue. Plus on a busy day in the City, Produce Investments back in profit, protein woes weigh on 2 Sisters, Reckitt pulls out of Pfizer talks and all the rest of the news from the City.