Business: Business Food & Drink - Page 7

Malcolm Walker offers to buy out Iceland Foods

The founder and chief of Iceland Foods wants to buy out the firm in a deal valuing the company at £1bn.

Sainsbury's shows best sales performance among large grocers

Retail chain's like-for-like sales grew from 1.1 per cent in the first quarter to 2.9 per cent in the second.

Tesco records pre-tax profits of £1.6bn

The supermarket group records strong sales in Asian markets with 30 per cent rise in profit.

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Coca-Cola acquires CCE North America business

New business Coca-Cola Refreshments USA will consolidate five business components.

Sainsbury probing China market

Six Sainsbury executive are assessing expansion opportunities for the "medium to long term"

United Biscuits in advanced talks with Chinese suitor

The Chinese consumer group, Bright Food, has a launched a £2bn takeover bid.

Nutrition 21 full year revenues rise

The nutrition company reported revenues of $8.76m for the 2010, compared to $7.68m in 2009.

Nando's buys out Clapham House for £30m

Owner of Gourmet Burger Kitchen (GBK) and The Real Greek was struggling as "the trading environment for restaurant businesses in the UK has been difficult."

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Tesco raises price structure for milk-suppliers

Tesco will pay an extra 1.28p per litre.

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Tesco opens 18 local franchises in South Korea

Tesco have set up new franchise stores in South Korea as they expand their world wide operations.