Bakkavor’s plans to float on the London Stock Exchange (LSE) are back on exactly a week after the own-label chilled foods business announced it had decided against a flotation due to adverse market conditions.
Chilled foods manufacturer Bakkavor would be an “excellent addition” to the stock market, says an industry expert, after reports it was preparing for a stock market flotation that could value it at about £1.5bn.
Premier Foods has attempted to steady market jitters following press reports yesterday [June 29] suggesting it might be about to make a major change in direction following a ‘strategic review’ of its activities as its share price ‘languishes’.
Unilever chief executive Paul Polman’s call for the next UK government to review the UK’s ‘overly liberal takeover rules’ in the wake of the failed £115bn bid for his company from Kraft Heinz, has found some support among food and drink finance experts.
Premier Foods and Nissin Foods Holdings Company have entered into a relationship agreement on terms and conditions, following the announcement by US spices firm McCormick that it was withdrawing its takeover bid for Premier last month.
The takeover bidding battle for Premier Foods is hotting up, with US spice and herb firm McCormick raising its bid from an initial 52p a share to 65p, valuing the Mr Kipling manufacturer at about £1.5bn.
Premier Foods has delivered “a truly awful 2014 stock performance”, despite making solid restructuring progress, said City analyst Shore Capital, ahead of the firm’s third-quarter trading results, due for release later this week.
United Biscuits’ joint-owners PAI Partners and Blackstone have neither denied nor confirmed rumours they are preparing to float the biscuit heavyweight on the stock market, despite analysts welcoming the idea.
Morrisons is refusing to confirm or deny reports that its group treasurer Paul Coyle has been arrested on suspicion of insider dealing, in advance of the supermarket’s partnership with online grocer Ocado.
Diversified food business Cranswick is “a best in class operator” with “a highly talented and effective management team”, said City analyst Shore Capital commenting on its first-quarter trading results.
Soft drinks firm Britvic has signalled its willingness to renegotiate the terms of its merger with business rival AG Barr or abandon the deal, after the Competition Commission issued a final approval yesterday (July 9).
Midlands businessman Ranjit Boparan today served notice of his intention to delist Northern Foods from the stock exchange as he declared his £342m bid wholly unconditional and edges towards taking the company private.
Uniq’s pension fund has appointed financial advisor Spayne Lindsay to sell its 90.2% holding in the chilled foods firm, which it only acquired from on March 24, while ceo Geoff Eaton told FoodManufacture.co.uk he feels "unconstrained" after...
Ranjit Boparan today clinched victory in the fight to take over Northern Foods, as he declared his offer ‘unconditional as to acceptances’ and announced that he now controls 79.52% of the food group’s shares.