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Private equity
Advent and CVC make joint bid for European pet food business
...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...
March 24, 2024
Bridgepoint Capital Ltd
Bridgepoint considers sale of Swedish drinks maker Vitamin Well
...Typically, private equity groups aim to hold assets for about five years....
April 22, 2024
FT Live
Financial Times @COP
FT Live events coinciding with COP
Monday, 11 NovemberBaku, Azerbaijan
Live news: Anglo American’s De Beers diamond output slumps nearly a quarter
Associated British Foods profits jump more than a third as Primark owner ‘returns to normality’
...Group revenue edged up 2 per cent to £9.7bn....
April 23, 2024
Associated British Foods PLC
Primark owner’s profits soar as investments provide boost
...Group revenue edged up 2 per cent to £9.7bn....
April 23, 2024
Cryptocurrencies
Crypto group Copper launches review after ‘embarrassing’ sushi party
...The UK group hosted a party at the five-star Mandrake hotel in central London at which two people who appeared to be wearing thin bodysuits lay on a long table with plates of sushi on their bodies, the Financial...
March 28, 2024
Investments
Investors’ Chronicle: Hilton Food, WAG Payment Solutions, Caledonia Mining Corporation
...BUY: Hilton Food (HFG) Difficulties in the vegetarian and vegan markets continue to blight the food packing business, writes Christopher Akers....
April 5, 2024
FT Live
Climate Capital Live
The leading global platform for climate science, finance and business
Wednesday, 19 March 2025London, UK & Online
Reckitt Benckiser Group PLC
Reckitt chief vows to overturn baby formula verdict
...Shares in the consumer goods group fell 15 per cent on Friday last week as investors digested the news that a court in Illinois had instructed Reckitt to pay $60mn in damages to a mother who said her baby...
March 18, 2024
Heineken NV
Heineken beer sales beat expectations
...Last year, the beer group was hit by overstocking and economic weakness in Vietnam, as well as the impact of stricter drink-driving rules....
April 24, 2024
UK agriculture
Limits placed on removal of land from food production in England
...Farming groups have argued that the Environmental Land Management schemes risk reducing food self-sufficiency at a time when climate change and the war in Ukraine are hitting global supply....
March 25, 2024
EU economy
EU payment rules shake-up will prompt price rises, retailers warn
...Businesses buying fresh food must already pay suppliers within 30 days but can pay for other groceries within 60 days, under a 2019 EU directive....
October 1, 2023
News in-depthUK agriculture
‘It’s too wet’: UK food security at risk because of record rain, farmers warn
...Scott Walker, chief executive of trade group GB Potatoes, said six years ago potato farmers produced 6mn tonnes of the vegetable each year but “now we’re looking at 4mn tonnes”....
April 13, 2024
Nestlé S.A.
Nestlé shareholders call on food giant to reduce reliance on unhealthy products
...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...
March 14, 2024
News updates from February 14: UK inflation holds steady, Uber debuts $7bn share buyback
Instacart to axe 7% of workers in shake-up of food delivery group
...Instacart is laying off 7 per cent of its workforce as part of a restructuring effort, the food delivery group said on Tuesday as it boosted its share buyback programme to $1bn....
February 14, 2024
News updates from February 13: US inflation slows to 3.1%, Gazans flee Rafah ahead of expected invasion
Instacart to axe 7% of workers in shake-up of food delivery group
...Instacart is laying off 7 per cent of its workforce as part of a restructuring effort, the food delivery group said on Tuesday as it boosted its share buyback programme to $1bn....
February 13, 2024
Woolworths Ltd
Australian grocery groups undergo Senate grilling on price-gouging allegations
...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...
April 16, 2024
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
HTSIThe HTSI wedding special 2024
The alternative guide to wedding drinks
...Skye Gyngell’s Spring restaurant at Somerset House has hosted many wedding receptions, including that of FT Weekend food columnist Ravinder Bhogal....
April 19, 2024
Brexit
Food industry warns ‘Not for EU’ labelling will deter investment in UK
..., a leading industry group has warned....
February 22, 2024
UK inflation
UK food inflation near 2-year low, data shows
...In December, lower-income households experienced price growth of 4.5 per cent, less than the 5.6 per cent of the higher-income group....
February 27, 2024
Live news: G7 prepares to move against subsidised Chinese imports
Risers and fallers in Europe
...Big share price moves in Europe today include UK food and clothing group Associated British Foods, Swedish property platform Hemnet and British sports leisurewear chain JD Sports: Associated British Foods...
April 23, 2024
InterviewThe CEO
How Makiko Ono became one of Japan’s few female CEOs
...Drawing on her prior experience running Suntory Beverage & Food’s human resources department, she wants to internationalise the group further....
March 4, 2024
Sustainability
Radical food system overhaul would raise costs but deliver $10tn a year benefit, report says
...year worth of benefits, a group of leading academics and scientists has estimated....
January 29, 2024
Food & Beverage
Plans to label UK homegrown food sparks ministerial row
...Defra’s proposals had only received a tepid welcome from farming and food retail lobby groups, arguing that much of the imported poorer-quality meat was not sold in supermarkets but used in catering settings...
February 21, 2024
LexIPOs
Hong Kong’s bubble tea IPO flop is a sign of the market times Premium content
...Many competitors, including Hunan Chayue Cultural Industry Development Group — also known as Sexy Tea — Mixue Group and Guming Holdings are also expected to seek listings in the near future....
April 23, 2024
Food security
Iceland to harvest more corn and less bitcoin, says PM
...Dozens of bitcoin groups consume 120MW of electricity, more than the country’s households, according to research firm Luxor....
March 23, 2024
News updates from January 29: US mistook enemy drone as its own in Middle East attack, Evergrande ordered to liquidate
Delivery Hero to sell stake in Deliveroo as demand for food dispatch wanes
...Delivery Hero is selling its stake in fellow online food dispatch group Deliveroo, as the sector comes down from the highs of the pandemic-boom of consumer demand for takeaways....
January 29, 2024

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