Greencore makes Williams CFO February 16, 2011 IRISH food group Greencore has named Alan Williams as its new chief financial officer. The 41-year-old will serve as executive director and chief financial officer from 7 March, replacing Geoff Doherty who left the position last year. Williams moves from the Cadbury Group where he was the global corporate finance director. He is an associate [...]
Kraft boosted by Cadbury August 5, 2010 KRAFT Foods reported higher-than-expected quarterly profit and raised its target for cost savings from the acquisition of Cadbury yesterday, sending its shares up 4.8 per cent. But the largest US food company left its expectation for 2010 unchanged because it plans to reinvest the extra cash from the profit and cost savings into its brands. [...]
Greencore seeks bid partner February 17, 2011 GREENCORE has leapt back into the Northern Foods fight, after meeting with the Northern board to warn them of a further bid backed by private equity, people familiar with the situation said yesterday. Greencore has kept the identity of its potential private equity partner close to its chest, refusing to tell even the Northern board [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 6, 2011 FINANCIAL TIMES TESCO PUSH ON MUSIC GROUPS’ CD DEALS Tesco is pushing music companies to accept minimal upfront payments for the compact discs they ship to the Uk retailer, in a renegotiation that will test how record labels’ bargaining power has diminished in line with shoppers’ interest in CDs. Instead of paying £7 or £8 [...]
Green & Black’s considers MBO January 16, 2011 Organic chocolate maker Green & Black’s management is looking for ways to extricate the company from Kraft, according to reports. The firm’s management is said to be struggling to retain an entrepreneurial spirit now they are part of the food giant Kraft, which bought out Cadbury’s last year. The Financial Times reported Green & Black’s [...]
Green & Black’s considers MBO January 16, 2011 Organic chocolate maker Green & Black’s management is looking for ways to extricate the company from Kraft, according to reports. The firm’s management is said to be struggling to retain an entrepreneurial spirit now they are part of the food giant Kraft, which bought out Cadbury’s last year. The Financial Times reported Green & Black’s [...]
LSE cries foul at rival bid for Canada’s TMX May 15, 2011 THE BID threatening to derail the London Stock Exchange’s agreed merger with Canadian peer TMX Group should raise significant regulatory concerns, the chief of the London bourse has claimed. A consortium of Canadian banks and pension funds, known together as the Maple group, tabled a counterbid to the LSE’s offer at the weekend. But speaking [...]
Roger Carr backs 50p tax rate for high earners – for now December 12, 2010 ROGER Carr, the new president of the CBI, has said that, on a personal basis, he backs the 50p tax rate for higher earners at the present time. Carr, speaking to City A.M. yesterday, said that, like most business people, he wanted lower taxes eventually to encourage more people to be entrepreneurial. But that during [...]
SEC gives US shareholders the right to vote on exec pay January 26, 2011 THE UNITED States has granted shareholders a say on executive pay as part of efforts to scrutinise corporate America in the wake of the financial crisis. The US Securities and Exchange Commission (SEC) voted 3-2 to require shareholders to make an advisory vote every three years on directors’ pay at companies with a public float [...]
Carr lined up for top CBI post December 6, 2010 FORMER Cadbury chairman Roger Carr will be the next CBI president if its regional council members approve him this week, sources said yesterday. Respected industrialist Carr is set to replace current president Helen Alexander, who steps down at the end of her two-year term next June. The CBI’s regional council members, who number more than [...]