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SHOCKING: Bakkavor - You Need To See This

Greencore Group H1 Earnings Call Highlights

Greencore Group (LON:GNC) said its enlarged U.K. convenience foods business delivered higher first-half revenue and profit following the acquisition of Bakkavor UK, while management said integration work is progressing without disruption to service levels or customer relationships. Presenting the c

MarketBeat

Pizza and bread products sold in 10 states under recall for possible metal shards

Trader Joe’s Focaccia Bread with Roasted Tomato & Parmesan is part of the recall

The Independent UK

Food supplier Greencore completes £1.2 billion Bakkavor takeover

The deal comes after Greencore sold off a soup and sauces factory to allay competition concerns.

Evening Standard

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Greencore edges forward in £1.2bn Bakkavor deal after agreeing to sell factory

The UK competition watchdog said it was planning to accept the steps put forward by the two firms to allay its concerns over the takeover.

Evening Standard

UK watchdog raises competition concerns over Greencore-Bakkavor deal

Proposed £1.2bn takeover of Tesco, M&S, Sainsbury’s, Waitrose and Asda supplier is being examined by CMA

The Guardian - UK

Greencore’s Bakkavor takeover faces competition concerns over supermarket sauces

It came as the Competition and Markets Authority (CMA) concluded an initial phase one investigation into the £1.2 billion deal.

Evening Standard

Oil firm Petrofac enters administration, putting 2,000 jobs at risk; Greencore-Bakkavor food giant deal faces UK competition concerns – as it happened

Wall Street hits new highs on US-China trade deal hopes; Argentina’s currency, stocks and government bonds surge after Javier Milei’s far-right party wins election

The Guardian - UK

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Bakkavor cautions over rising costs ahead of £1.2 billion takeover

The fresh food supplier said cost inflation was being driven by price hikes for ingredients and a rising wage bill.

Evening Standard

Competition watchdog puts Greencore’s £1.2bn swoop for Bakkavor under microscope

The Competition and Markets Authority said it was looking at possible competition concerns over the food-to-go mega deal.

Evening Standard

FTSE 100 climbs after UK economy grows faster than expected

Chancellor Rachel Reeves said the first quarter growth shows ‘the strength and potential of the UK economy’, as markets rose on Thursday.

The Independent UK

Food-to-go group Greencore agrees £1.2bn takeover of rival Bakkavor

The groups warned over job cuts and factory closures as part of aims to save at least £80 million in costs a year after the deal.

Evening Standard

‘Business Vikings’ in line for payday as deal agreed to create £4bn UK food giant

Icelandic brothers’ ready meal firm Bakkavor to be taken over by sandwich maker Greencore

The Guardian - UK

Food-to-go firm Greencore agrees potential £1.2bn takeover of rival Bakkavor

The deal would create a combined food group with annual sales of about £4 billion.

The Independent UK

Greencore agrees terms of £1.2 billion supermarket sandwich takeover

Takeover of Bakkavor would create £4 billion a year convenience food titan

Evening Standard

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Evening Standard

Greencore hikes earnings amid takeover tussle for rival

The food-to-go specialist said it expects full-year underlying operating profits of £112 million to £115 million.

The Guardian - UK

Christmas dips and party nibbles run short as Bakkavor factory strike continues

Affected products include cheese & chive dip, soups, pasta sauces and taramasalata at Waitrose, Tesco and M&S

The Guardian - UK

Pink fishy goo makes bad news palatable

The shortage of taramasalata because of strike action is a cheery irritation amid a sea of gloom

The Independent UK

Dinner party despair as strike in taramasalata factory leads to dip in supply

Waitrose, M&S, Sainsbury’s and Tesco all sold out of ultimate dinner party starter, taramasalata

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news in one place.

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The Guardian - UK

Shoppers bemoan UK taramasalata shortage as strike leads to dip in supply

Industrial action at producer causes complaints about lack of Greek meze staple in supermarkets across country

The Guardian - UK

Workers at Tesco and Morrisons factory set for five-week strike

Workers at the facility in Spalding that makes own-brand products for major supermarkets rejected a 6.5% pay offer

Birmingham Post

900 jobs at risk under planned closure of Leicester and Lincolnshire Bakkavor factories

Closures planned as a result of the challenging "macro-economic backdrop"

Nottingham Post

Bakkavor advertising over 200 jobs at Newark food manufacturing site

It comes as part of a nationwide recruitment drive

Birmingham Post

Food giant Bakkavor looking to hire more than 100 people across North West sites

The recruitment drive is part of a national push to hire 1,801 people across its UK operations

People

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