Greencore moves to sterling February 6, 2012 Food group Greencore is planning to change the denomination of its shares. Subject to approval at the company’s annual general meeting on Thursday, Ordinary Shares of €0.01 will be changed to £0.01 at close of business on 10 February. It said that for share dealing purposes the effective date of the change in share denomination [...]
Greencore operating profits slide but firm is upbeat after Uniq acquisition December 6, 2011 IRISH food group Greencore expects significant profit growth in 2012 helped by its Uniq acquisition and as cost price inflation eases, after it reported 2011 results in line with analyst expectations. Greencore, one of the biggest sandwich and ready meal suppliers to Britain, said it still planned to play a role in the consolidation of [...]
Greencore ends takeover talks December 6, 2011 IRISH food group Greencore said yesterday talks over a possible takeover had ended due in part to turmoil in global debt and equity markets, sending its shares down over 10 per cent. Greencore, one of the biggest sandwich and ready meal suppliers to Britain, said in October it had received a potential takeover approach. “Given [...]
Greencore ends takeover talks December 6, 2011 IRISH food group Greencore said yesterday talks over a possible takeover had ended due in part to turmoil in global debt and equity markets, sending its shares down over 10 per cent. Greencore, one of the biggest sandwich and ready meal suppliers to Britain, said in October it had received a potential takeover approach. “Given [...]
Leahy outfit considers bid for Greencore November 6, 2011 THE mystery investor considering a bid for Irish food company Greencore is understood to be private equity firm Clayton Dubilier & Rice (CD&R), the new employer of former Tesco chief executive Sir Terry Leahy. Greencore confirmed on 25 October that an unidentified party had made an approach that could lead to an offer. The company, [...]
Greencore gets takeover interest October 25, 2011 Shares in Irish food group Greencore jumped almost 10 per cent yesterday after it revealed a preliminary takeover approach from an unnamed company. Greencore, whose merger with Northern Foods fell through in March, bought rival Uniq in July to improve its ties with Marks & Spencer. The maker of Weight Watchers meals and Bisto gravy [...]
COVENT GARDEN SOUP BRAND SOLD TO AMERICAN GROUP October 25, 2011 BRITISH food manufacturer the Daniels Group, which owns brands including New Covent Garden soups and Johnson’s fruit juices, has been sold to US group Hain Celestial for around $230m (£144m). Nasdaq-listed Hain, run by president and chief executive Irwin Simon (pictured), owns several brands in the UK, including Linda McCartney frozen vegetarian foods. In the US [...]
CITY MOVES | WHO’S SWITCHING JOBS October 9, 2011 Virgin Money The banking division of the Virgin Group has appointed Sir David Clementi to the Virgin Money board as chairman to succeed the late Sir Brian Pitman. Clementi was chairman of Prudential from 2002 to 2008 and deputy governor and a member of the Monetary Policy Committee at the Bank of England from 1997 [...]
Uniq set to cut its desserts unit August 22, 2011 UNIQ, the food manufacturer, revealed plans to close its struggling everyday desserts business next year, cutting around 350 jobs, in order to focus on its premium desserts for clients like Muller and Cadbury. Uniq, which changed name from Unigate when it sold its dairy empire to Dairy Crest 11 years ago, was bought by its [...]
Cooper drops takeover bid for rival Laird August 1, 2011 LAIRD shares plunged 15 per cent yesterday after Cooper Industries announced it was withdrawing its bid for the electronics components firm, saying it is unwilling to proceed at Laird’s asking price. Cooper Industries’ two-month battle to take over the smaller British rival came to a deadlock this weekend after the two companies were unable to [...]