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...Private equity groups Advent International and CVC Capital have teamed up to bid for a pet food company owned by Cinven, leaving a single bidding consortium left seeking to buy an asset the UK buyout group...
...normalised, gas prices have come down to levels which are historically considered more normal and Ukraine grain exports have resumed via the Black Sea corridor,” said Tomasz Wieladek, economist at investment company...
...The market for healthy food and drinks products has grown significantly in recent years, as health-conscious consumers seek alternatives to high-sugar snacks and fizzy drinks....
...Associated British Foods, which also owns food brands Ovaltine and Ryvita, posted a 37 per cent increase in pre-tax profit to £881mn for the six months ending March 2, up from £644mn a year earlier....
...Nestlé reported lower than expected full-year sales as the world’s biggest food company pinned the blame on a continued squeeze on household budgets....
...Associated British Foods, which also owns foods brands Ovaltine and Ryvita, posted a 37 per cent increase in pre-tax profits to £881mn for the six months ending March 2, up from £644mn a year earlier....
...“Seeing it back in growth is very important for the company’s profitability,” he added....
...BUY: Hilton Food (HFG) Difficulties in the vegetarian and vegan markets continue to blight the food packing business, writes Christopher Akers....
...A group of Nestlé shareholders has filed a resolution ahead of its annual meeting next month demanding the world’s biggest food company reduce its reliance on unhealthy products and arguing that the health...
...“Margins on the continent tend to be better than with UK retailers because people pay more for their food....
...Hammond joined Copper’s board last year after it closed a fundraising round valuing the company at $2bn....
...The FT reported that the company previously sought a sale of the business in 2022. Licht neither confirmed nor denied that the company was exploring a sale....
...In February, the official food inflation figure dropped to 5 per cent from 7 per cent in the previous month....
...It would usually be rare to see a listing for a profitable company that was not oversubscribed many times over by local retail investors. Chabaidao was undersubscribed....
...UK grocery inflation eased to its lowest pace in two years, according to research company Kantar, adding to evidence of softening price pressures in the economy....
...Other consumer goods and fast food companies have also flagged consumer stress....
...BUY: Premier Foods (PFD) The company will cut more prices in the fourth quarter after its total market share gains rose by more than 1.2 per cent, writes Christopher Akers....
...The government said it was committed to supporting companies as they adapt to new border checks, adding that its “engagement with businesses in advance of these checks ha[d] been extensive”....
...McKim levelled accusations at Weckert that customers were skipping meals, eating less healthy food and “dumpster diving” for wasted food because they could not afford to pay the steep prices being charged...
...The trend was confirmed by separate data from research company Kantar, also published on Tuesday, showing that the annual rate of supermarket price growth slowed sharply to 5.3 per cent in February, from...
...However, the food industry on Monday warned of a shortage of sugar in Europe and said Ukrainian imports were needed....
...Business and trade secretary Kemi Badenoch has warned Steve Barclay, her counterpart at the Department for Environment Food and Rural Affairs, that his plans will drive up food costs and risk upsetting Britain...
...It was always so, but it has become more awkward for companies such as Unilever, with its focus on nutrition and ambition to become “a world-class force for good in food”....
...It added that some larger companies were “considering abandoning their exports to Ireland altogether”....
...William Woods, a retail analyst at AllianceBernstein, said that “food inflation remains supportive and the food first strategy is working”, but the performance of the other divisions that include Argos and...
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