Tesco told: ‘Raise £5bn to get back on track’
Tesco will have to raise more than £5bn to shed its “junk debt” and get its credit rating back on track, according to the ratings agency Moody’s.
Archives for June 14, 2015
'We'll reach $1bn in sales by 2018' - Frutarom boss
Frutarom will boost its turnover to more than $1bn within the next three years by continuing to acquire up to 10 new businesses each year, the firm's chief executive for health said.
Britvic’s £7M investment creates 40 jobs
Soft drink manufacturer Britvic has invested £7M in its Bramley factory and warehouse, near Leeds, creating 40 new jobs.
Sainsbury boss escapes Egyptian jail
Sainsbury boss Mike Coupe has escaped a jail term in Egypt after he was acquitted of attempted embezzlement by an Egyptian court.
Free-from not trusted by allergy sufferers
Allergy sufferers don't trust the safety of many free-from foods sold in supermarkets, the chief executive of the Anaphylaxis Campaign has claimed.
Europe's gluten-free boom won't end yet
Europe’s gluten-free market will continue to boom, as analysts predict several more years of increasing sales.
Did supermarkets sway competition watchdog?
Big supermarkets may have influenced the Competition and Markets Authority’s (CMA’s) decision to deepen its probe into the proposed merger of Dairy Crest Group’s Dairies Division with Müller-Wiseman, according to leading City analyst Shore Capital.
ABF firm fined £10k for serious injuries to workers
Animal feed firm AB Agri Limited – a subsidiary of Associated British Foods – has been fined £10,000, after two workers were seriously injured by a reversing heavy goods vehicle (HGV).
Premier Foods, Müller and retailers make GWBW
Premier Foods, Müller Dairy, Iceland and Sainsbury all feature in negative news in the latest edition of our video news roundup Good Week, Bad Week.
Suffolk chicken plant acquired by 1Stop Halal
A chicken processing plant in Eye, Suffolk, owned by 2 Sisters Food Group is to be taken over by Angus-based 1Stop Halal in July.