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The Latest Breaking News from Greencore

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

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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

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

FTSE 100 at new high despite poor borrowing data

The FTSE 100 index closed up 10.82 points, 0.1%, at 9,023.81.

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

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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

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.

Evening Standard

Supermarket supplier Greencore hails ‘stronger than expected’ year

The group, which supplies all major UK supermarkets, saw shares rise by almost 10% in early trading as a result.

Evening Standard

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The National (Scotland)

Third company recalls product over potential E-coli contamination

A third company has recalled a product as a “precautionary measure” due to possible E. coli contamination.

The Guardian - UK

UK supermarket sandwich recall: full list of products

Suppliers are recalling various sandwiches, wraps and salads in response to an E coli investigation

The Guardian - UK

Supermarket sandwich suppliers issue recall amid UK E coli outbreak

Exclusive: Greencore recalls items sold via Asda, Sainsbury’s, Morrisons and others, as does separate firm that supplies Tesco

The Independent UK

Supermarket sandwiches under threat as factory workers set to strike

Over 500 workers at Greencore are set to strike over what the Unite union has called ‘poverty levels of pay’

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The Guardian - UK

Investors fail to block Greencore bonuses amid anger over Covid support

Sandwich-maker joins list of firms that have not returned money to UK Treasury despite paying out to bosses

The Guardian - UK

Dividends and bonuses: the firms paying out while taking in state Covid funds

Sandwich maker Greencore the latest firm to court controversy for paying bonuses while failing to repay state Covid support

The Guardian - UK

M&S sandwich-maker Greencore could face rebellion over bonus plans

Firm plans to hand bonuses to executives despite failing to refund near-£30m it received in Covid support

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