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Food giants are strangling Britain’s farmers and consumers. What’s the solution? Break them up | Nicholas Shaxson

The Guardian: Mergers & Acquisitions

The problem is our monopolised food system. Think of it as a vast profit machine shaped like an hourglass, with many food producers at the top, millions of consumers at the bottom, and a few dominant firms – such as giant supermarkets or global food traders – clustered at its narrowing neck, siphoning a cut from the passing traffic.

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Goldman says a quick profit can be made before year-end with an options bet against this stock

CNBC: Investing

Goldman Sachs sees an options trade opportunity in this food products stock.

Stock 106
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AB Foods raises profit outlook as Primark gets summer boost

Global Banking & Finance

AB Foods raises profit outlook as Primark gets summer boost By James Davey LONDON (Reuters) -Associated British Foods raised its full year profit outlook on Monday with its Primark fashion business boosted by warm weather kicking in across its European markets and its food unit trading well.

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Online wholesaler Boxed acquired after filing for bankruptcy

TechCrunch: M&A

At the time, Boxed had more than 7 million registered users and reported it was close to profitability. In 2021, Boxed completed a reverse merger, acquiring Seven Oaks Acquisition in a $900 million SPAC deal in order to begin trading on the NYSE under the ticker symbol BOXD. ”

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Tesco raises profit outlook again after strong Christmas sales

Global Banking & Finance

Tesco raises profit outlook again after strong Christmas sales By James Davey LONDON (Reuters) -Tesco, Britain’s biggest retailer, upgraded its profit outlook for the second time in four months as it reported a better-than-expected rise in underlying UK sales for the key Christmas trading period, buoyed by demand for fresh food.

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Kraft Heinz trims 2024 forecasts on Lunchables drag, tepid demand

Global Banking & Finance

By Savyata Mishra (Reuters) -Kraft Heinz on Wednesday tempered its annual forecasts for organic sales and profit as repeated price hikes hurt demand for the packaged food giant’s branded products such as Lunchables meal kits.

Food 52
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Key Takeaways from Expo West 2023

Intrepid Banker Insights

Intrepid Investment Bankers Key Takeaways from Expo West 2023 Source: Green Queen Media The Natural Products Expo West trade show in Anaheim, CA was back in full force in 2023, its second year in-person since the 2020 – 2021 pandemic hiatus. For the first time in Expo West history, there were 29 exhibitor booths for regenerative products.

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