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M&S job losses – 450 jobs to go in Hardwick distribution center closure

M&S job losses – 450 jobs to go in Hardwick distribution center closure

M&S job losses : British retailer Marks & Spencer (M&S) will shutter its Hardwick distribution center in Hertfordshire, England, a move that will affect 450 jobs. M&S will cease operations at the distribution center in Hertfordshire in September as part of a five-year transformation program to make itself a faster, more commercial retailer. The changes […]

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GSK offloads rare disease gene therapy drugs to Orchard Therapeutics

GSK offloads rare disease gene therapy drugs to Orchard Therapeutics

Pharma acquisition news : British drug company GlaxoSmithKline (GSK) has agreed to transfer its rare disease gene therapy drugs to Orchard Therapeutics for an equity stake of 19.9% and a seat on the board of the UK gene therapy company. For some time now, GSK has been mulling to sell the rare disease drug portfolio […]

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GSK to buy out Novartis’ stake in consumer healthcare JV for $13bn

GSK to buy out Novartis’ stake in consumer healthcare JV for $13bn

Pharma acquisition news : GlaxoSmithKline (GSK) has agreed to buy out Swiss pharma company Novartis’ stake of 36.5% in their consumer healthcare joint venture (JV) for a price of $13 billion, just days after pulling out from a $20 billion race to acquire Pfizer’s consumer healthcare business. Through a 100% ownership in the consumer healthcare […]

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Berlin Packaging acquires UK packaging supplier H. Erben

Berlin Packaging acquires UK packaging supplier H. Erben

Berlin Packaging, a US-based hybrid packaging supplier has acquired UK packaging supplier H. Erben for an undisclosed price. While Berlin Packaging supplies glass, plastic and metal containers and closures, H. Erben supplies closures, packaging, and packaging equipment. Berlin Packaging acquisition of Erben is expected to extend significant operation and position for the hybrid packaging supplier […]

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Fluxys and Snam to buy out CDPQ’s stake in Interconnector UK pipeline

Fluxys and Snam to buy out CDPQ’s stake in Interconnector UK pipeline

Oil and gas industry news : Fluxys and Snam will buy out the 33.5% stake of Canadian pension fund Caisse de depot et placement du Quebec (CDPQ) in the Interconnector UK pipeline in the southern North Sea for about $103 million. Through the transaction, the Belgian natural gas transmission system operator Fluxys and the Italian […]

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Standard Life Aberdeen to sell insurance business to Phoenix Group for £3.24bn

Standard Life Aberdeen to sell insurance business to Phoenix Group for £3.24bn

Scottish investment company Standard Life Aberdeen has struck a deal to sell its insurance business to UK insurance service provider Phoenix Group for a sum of £3.24 billion to simplify its business to focus on asset management. Phoenix Group will pay £2.28 billion in cash and give Standard Life Aberdeen a stake of 19.99% in […]

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LafargeHolcim buys UK-based construction material supplier Kendall Group

LafargeHolcim buys UK-based construction material supplier Kendall Group

Swiss building material company LafargeHolcim has purchased Kendall Group, an aggregates and ready-mix concrete manufacturer based in southern England for an undisclosed price as per the latest construction industry news. Last year, Kendall Group had registered net sales of about CHF33 million ($35.23 million). LafargeHolcim revealed that Kendall Group will be operated by its subsidiary […]

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Russell Hume moves into administration following meat hygiene scandal

Russell Hume moves into administration following meat hygiene scandal

Meat industry news : The recent meat hygiene scandal in the UK seems to have taken its toll on Derby-based meat supplying business Russell Hume as it moved into administration, leaving the fate of 300 employees in the dark. Russell Hume is one of the two meat suppliers that had recently come under the scanner […]

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2 Sisters job losses : 900 jobs at risk in three 2 Sisters poultry plants

2 Sisters job losses : 900 jobs at risk in three 2 Sisters poultry plants

2 Sisters job losses : Chicken King Ranjit Boparan’s poultry processing company 2 Sisters Food Group has revealed plans to close three of its poultry plants across the UK, leaving 900 jobs at risk. According to the latest poultry industry news, the three poultry processing plants to be closed are the 2 Sisters Smethwick plant […]

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Arla Foods to acquire British organic dairy brand Yeo Valley Dairies

Arla Foods to acquire British organic dairy brand Yeo Valley Dairies

Food acquisition news : Dairy manufacturer Arla Foods has agreed to acquire British organic dairy brand Yeo Valley Dairies from Yeo Valley Group for an undisclosed price, in a move to significantly grow its organic dairy business in the United Kingdom. Arla Foods Acquisition of Yeo Valley Dairies Arla Foods acquisition of Yeo Valley Dairies […]

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