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.