Tesco takeover of Booker given provisional green light
The UK’s competition regulator has provisionally cleared Tesco’s £3.7bn takeover of Booker. The Competition and Markets Authority (CMA) has stated that the deal could in fact increase competition in the wholesale market and mean reduced prices for consumers. CMA added...
Nisa votes ‘significantly’ in favour of Co-op acquisition
Nisa Retail has announced that its members have voted in favour of Co-op’s offer to buy 100% of the business for up to £137.5 million. A majority of 75.79% of Nisa’s members voted for the deal, as opposed to 24.1% who voted against. The offer requires clearance from...
Sainsbury’s unveils drop in profits despite growth in food
Sainsbury’s has seen underlying profit before tax drop by 9% to £251 million in its latest interim results for the 28 weeks to 23rd September, despite group sales jumping 17% to £16,310 million. According to the retailer, the fall in profits reflected “previously...
Weetabix appoints new head of technical
Weetabix Food Company has appointed John Petre as head of technical, succeeding John Pickles, head of R&D, and Keith Turnbull, head of quality, overseeing a team of 60 at the cereal brand. Petre will head up quality and compliance, as well as research and...
Hilton Food Group completes Icelandic Seachill acquisition
International meat packing business Hilton Food Group has announced the £80.8 million takeover of chilled UK fish processor Icelandic Group UK Limited (Seachill). Hilton had previously stated that the acquisition presents an “attractive growth opportunity and entry...
