Speciality cake and bread manufacturer Finsbury Food Group has posted a small rise in sales in its pre-close trading statement, despite a fall in sales from its overseas operations.
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.
Bakkavor, the own-label chilled foods group, has ditched its plans for a £1bn-plus stock market flotation, in an announcement released today (November 3) because of “current volatility” in the market.
Bakkavor has revealed plans to raise £100M by floating at least a quarter of its shares on the London Stock exchange (LSE), as part of a bid to fund its global expansion.
Convenience food manufacturer Greencore has tried to reassure the market, after its share price plummeted by more than 7.5% in one week, and 41% over the past year.
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.
Supermarket giant Tesco’s subsidiary, Tesco Stores Ltd, has agreed to pay a £129M fine in order to avoid prosecution for market abuse, after overstating its profits in 2014.
Mondelēz International has abandoned its pursuit of US confectionery giant Hershey, the company announced yesterday (August 29), after its $23bn (£18bn) offer was rejected.
Pladis, the new £3.58bn business formed from Yildiz Holding, is planning an Initial Public Offering (IPO) as early as 2020, with a view to list on the stockmarket in London
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.
Nestlé’s still suffering from its Indian Maggi noodle recall and has lost touch with the Chinese consumer, hitting growth for the global food and drink manufacturer, according to market analysts.
A surge in demand for craft beer has led the Aberdeenshire-based BrewDog to create 130 new jobs at Ellon in north east Scotland, after receiving a grant of £1.5M from the Scottish government.
Moy Park shares will be sold on the stock market for the first time next year, owner Marfrig Global Foods has confirmed in results for its third financial quarter (Q3).
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.
The world’s richest investor, Warren Buffett of Berkshire Hathaway, has sold more than 245M shares in supermarket giant Tesco, after describing his investment as “a huge mistake” earlier this month.
Tesco’s overstatement of its half-year profits by £250M was an “acceptable” way to deal with the pressure of losing market share to other retailers, according to an accounting expert.
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.
Tesco has confirmed rumours that finance chief Laurie McIlwee will leave the business, announcing the news days before it is set to announce 2013–2014 results.
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).
Specialist meat packing business Hilton Food Group is benefiting from its “broad geographic reach” despite the tough economic conditions, said City analyst Pamure Gordon.
Stabilising Tesco’s UK market share and achieving stable UK trading margins should be key goals for the retail giant, according to City analyst Shore Capital.
Analysts remained sympathetic to Irn-Bru maker AG Barr after it reported that profits had been buffeted by factors including this year’s “unprecedented weather”.
The £5.6M management buy-out of Scottish confectioner Lees Foods and its plans to restore the business to private ownership has been welcomed by city analysts.
The soaring share price of chilled foods manufacturer Greencore is proof that its recent decision to switch to the London Stock Exchange was beginning to bear fruit, according to city analysts.
The decision by chilled foods group Greencore to transfer its share currency denomination from euros to sterling has further increased its value to potential investors, according to city analysts.
Müller’s takeover of Robert Wiseman dairies is now complete after the firm announced that the £280M offer from the German yogurt maker was “unconditional in all respects”.
German yogurt manufacturer Müller is seeking to strengthen its position in the UK dairy market, according to city analysts, following the acceptance of a £279.5M bid for dairy giant Robert Wiseman.
Chilled foods group Greencore has moved to raise its profile among UK and international investors after announcing that it is cancelling its ordinary shares on the Irish Stock Exchange.
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.
Ranjit Boparan is one step closer to taking over Northern Foods after announcing yesterday that he now controls over 70% of the convenience food group’s shares, although one analyst said the industrial logic of a tie-up with Greencore would have been...
Ranjit Boparan today urged Northern Foods shareholders to accept his offer for the firm “as soon as possible” after Greencore pulled out of the running, and revealed that he has now acquired, agreed to acquire or has valid acceptances for 48.25% of Northern’s...
The battle between food titans Greencore and Ranjit Boparan to take over Northern Foods could still go right to the wire, despite the expiry today of a deadline set by the latter for Northern's shareholders to formally accept his bid.
Ranjit Boparan has failed to secure a controlling stake in Northern Foods that will guarantee the immediate success of his takeover bid, after revealing last night that 23.03% of Northern shareholders accepted his offer, but remains in pole position to...
