Economy and finance
806 news found
Economy and financeCampari earthquake, the CEO Fantacchiotti leaves
Marchesini and Di Fede interim co-CEO in his place
There is no peace for Campari. The headline, which yesterday had recovered from some of its recent losses in the wake of the news of the acquisition of a minority stake in Capevin Holdings Proprietary... more
Economy and financeEU: Inflation rate (+2.2%) to fall in August 2024
Food & beverage is the second most important sector in the increase in prices (+0.46%)
The annual inflation rate in the euro area was 2.2% in August 2024, down from 2.6% in July. A year earlier, the rate was 5.2%. The annual inflation in the European Union was 2.4% in August 2024, down from... more
Economy and financeUnigrains bets on Beillevaire cheeses
Thanks to the agri-food fund, three acquisitions of French brands
The investment fund Unigrains supports the French dairy group Beillevaire, which has acquired three cheese producers, thus accelerating its external growth strategy. As the official statement of Beillevaire... more
Economy and financeIvs Group's Public Offer. Lavazza closer to the goal: 90% of the participants
Grey vehicle has passed the threshold: time until 27 September to join
New step forward for the takeover of Lavazza on vending by Ivs Group. After a few days ago we had announced the 51% level of accessions, yesterday the bidder announced that, considering the accessions... more
Economy and financeCampari recovers on the stock exchange: the market likes the minority of Capevin
Operation of over 82 million euros financed "using available liquidity"
Campari has closed today’s session of Stock Exchange in Piazza Affari in red of a "light" -0.6%. Get back some of the title, then, after the falls of recent days. Today’s announcement about the completion of... more
Economy and financeOrsero, first half of the year with profitability in line with
Net revenues of €744.1 million, adjusted ebitda of €40.9 million
The Board of Directors of Orsero, the holding company of the homonymous group in Albenga (Savona), one of the leaders in Mediterranean Europe for the import and distribution of fresh fruit and vegetables,... more
Economy and financeSpain: Italian Sesa buys Boot Systems and Lbs Serveis
The IT services company acquires the two companies with 5.5 million revenues
Sesa, operator in the field of technological innovation and information technology and digital services for the business segment also agro-food, with approximately 3.2 billion Euros consolidated revenues... more
Economy and financeBritish antitrust agency delays Carlsberg’s acquisition of Britvic
After its no to the expansion of Muller, now Cma starts investigation on the deal from over € 3,9 mld of the Danish brewery
The British antitrust does not stop and after having blocked a few days ago the expansion of Muller who can not yet get his hands on the English Yew Tree Dairy now delays, in fact, the acquisition of Britvic... more
Economy and financeNewlat Food, marginality in growth and cash increase in the first half
The ebitda increases to 10.6% the incidence on turnover and pfn goes from 74 to 42 million
Satisfaction for the Mastrolia family from the half-year approved yesterday by the board of directors of Newlat Food multinational, multi-brand, multi-product and multi-channel player in the Italian and... more
Economy and financeF.lli Polli for sale?
American fund Platinum would be interested in investing in the Tuscan company
Platinum Equity, an American private equity fund, would be interested in investing in F.lli Polli, a Tuscan company specializing in sauces, preserves and gravies, currently 100% controlled by the family... more
Economy and financeIs tourism keeping the euro area afloat?
Nomura report: the sector has "probably prevented" the economic contraction of the area
Tourism keeps the Euro area afloat. According to the latest report by Nomura, domestic demand in the Euro area contracted in the second quarter of 2024 and GDP growth was revised downwards by 10 basis... more
Economy and financeBig maneuvers at home Omnia Technologies: in the crosshairs bond and sale
Investindustrial by Andrea Bonomi studies an issue. The aim is to sell the
It is a september of great maneuvers that seems to involve in first person Omnia Technologies. According to rumours relayed by Mf, in fact, the Investindustrial fund of Andrea Bonomi that controls since... more
Economy and financeBritish antitrust blocks Müller’s expansion
Nothing to do, for now, for the acquisition of Yew Tree Dairy: the Cma wants to see clear on the competition
It’s a tough time for acquisitions, no matter the latitude. The two US supermarket chains Kroger and Albertsosn know something about this, which for at least two years have not been able to close their M... more
Economy and financeOmnia Technologies: 3 acquisitions in the beverage sector
Bought assets of the French Maison Coquard, the Californian ATP Group and the Italian Nortan
It is a rather busy summer that of Omnia Technologies, the former DT Holding, group created by Investindustrial to bring together in a single platform automation and bottling technologies for the wine... more
Economy and financeFAO: food raw material prices stable in July 2024
Increased prices for vegetable oils, meat and sugar offset the decline in cereals
On an annual basis the decrease was equal to 3.1% more
Economy and financeSilvateam grows thanks to UniCredit and Mediocredito Centrale
The company collects two loans of 4 and 3 million
The Silvateam Group, a company from San Michele Mondovì, in the province of Cuneo Piedmont Region), among the world leaders in the production of plant extracts used in the tanning of hides, in animal... more
Economy and financePorto Mirabello: DeA Capital RE sells stake
Acquired by Gruppo D-Marin, which is growing in Italy in the luxury port sector
DeA Capital Real Estate Sgr SpA, on behalf of the Territory Development Real Estate Alternative Investment Fund participated by various foundations of banking origin, announces the sale of the stake held... more
Economy and financeCollection of 380 million euros for Algebris green transition fund
Investment activity continues in a reality of excellence, already concluded 5 deals
Algebris Green Transition Fund, the first private equity vehicle of Algebris Investments focused on energy transition, announces the closing of the collection period, reaching a total of 380 million Euro,... more
Economy and financeCampari records a semester of "solid growth" (but the market does not believe it)
Net sales +3.8%, net profit (€219.7 million) +1.3%, ebitda +3.5%
Strong growth driven by global priority brands, especially in the Americas, while Emea showed resilience despite the impact of particularly adverse weather. This is the summary of Campari’s performance i... more
Economy and financeToday closing for the wedding between Sammontana and Forno d'Asolo
Group is born from 1 billion euros: international ice cream, frozen bakery and pastry
The closing of the transaction announced on 5 February, thanks to which the Bagnoli family and Frozen Investments S.à r.l., Investindustrial VIII investment companies, have started a partnership to create a... more
Economy and financeEnervit, half year in the dark
Revenues up to 49.9 million euros but ebitda and net profit decrease
The board of directors of Enervit, a company active in the sports food supplement and functional nutrition market, known for its foods and supplements, approved today the half-yearly financial report closed... more
Economy and financeSecond quarter "black" for McDonald’s
Sales down, net profit drops 12%: all the blame of inflation
McDonald’s records the second quarter ended June 30, 2024 with a global decline in sales, the first since 2020, that is the first in 13 quarters. The data came as a surprise and, emphasizes the fast f... more
Economy and financeFerrero acquires Nonni’s Bakery
The biscuit producer Usa acquired through CTH Invest
CTH Invest SA, a Belgian company owned by the Ferrero family, has acquired Nonni’s Bakery from Vestar Capital Partners, a leading private equity firm in the mid-market US. Founded in 1988, Nonni’s Bak... more
Economy and financePepsiCo invests 13 million pounds in Doritos factory in Coventry, UK
New production line with machinery that will reduce greenhouse gas emissions by 700 tons per year
"We invest £13 million in the Coventry plant". This is the beginning of the announcement with which PepsiCo announces an investment of more than 15.4 million Euros in the plant of Coventry, in Great Britain,... more
Economy and financeFerrero’s Wells Enterprises increases investment in ice cream
The confectionery company is putting another $ 174 million in the plant of Dunkirk (New York) to double production
Wells Enterprises, the Usa ice cream giant entered in 2022 in the Ferrero galaxy The European Commission has increased investment in the planned expansion of its Dunkirk production site in New York by... more
Economy and financeEU: agri-food trade surplus at 5 billion euros
Exports reach 19.8 billion in April 2024: Ivory Coast and Nigeria are the most benefited countries /Annex
In April 2024, the EU agri-food trade surplus reached €5 billion, still 4% higher than in April 2023, despite a 25% reduction compared to the previous month. Exports reached 19.8 billion euros, primarily d... more
Economy and financeEurostat: production of manufacturing goods decreasing (-1.2%) in 2023
In contrast, food, drinks and tobacco recorded growth of 5%
After two successive increases (+8.5% in 2021 compared to 2020 and +0.4% in 2022 compared to 2021), according to Eurostat, the production of manufacturing goods in the European Union recorded a decrease... more
Economy and financeLindt closes half-year with “robust growth” in sales
Revenues up 7 percent to 2.16 billion Swiss francs (2.2 billion euros): sales growth between 6 percent and 8 percent expected in 2024
The Lindt & Sprüngli Group achieves “robust growth” in sales and profits and confirms its outlook for 2024. that, in a nutshell, is the result of the Swiss confectionery group's first-half 2024 numbers, whic... more
Economy and financeInvestindustrial buys Piovan: another company leaves the Stock Exchange
Food machinery company acquired by Automation Systems for 719 million: Piovan’s stock will be delisted at closing
Automation Systems S.p.a., a company whose share capital is indirectly held by Investindustrial VIII SCSp, has entered into a purchase and sale contract with Pentafin S.p.a. for the acquisition of 58.35%... more
Economy and financeElectrolux returns to profit
Profits at almost 36 million Euro from the red of 10 mln a year ago. Well the Professional division
Electrolux Group returns to profit after a series of quarters in negative territory. The second quarter of 2024 recorded a net turnover of 33.8 billion SEK, equivalent to more than 2.9 billion Euro, up... more
Economy and financeForeign trade: new records in agri-food trade in 2023
Further increase in exports and decrease in imports in the first quarter of 2024
Sales of prepared meats and cheeses, first and foremost Grana Padano, are growing in value and quantity more
Economy and financeOcado, record day on the Stock Exchange for half-year and forecasts
A breath of fresh air for the title of the online supermarkets owned by Exor
Take breath the shares of Ocado, the online UK supermarket attended by Agnelli-Elkann’s Exor Lingotto family. The title closed a very performing session on the London Stock Exchange filed with +6% after a... more
Economy and financeIntesa Sanpaolo: Italian excellence protagonists in Paris
Marr is among the agri-food candidates of the 2024 edition of "Winning Companies"
Intesa Sanpaolo presents the 2024 edition of "Italian Excellences, Mid Corporate Conference" which will be held in Paris on 8 and 9 October. The event is mainly dedicated to companies listed on Euronext... more
Economy and financeMisitano & Stracuzzi goes to the Stock Exchange: on July 15th the roadshow starts
Fixed the fork between a minimum price of € 2.92 and a maximum of € 3.54 per share
The board of directors Misitano & Stracuzzi, one of the leading Italian business to business (B2B) active internationally in the creation, production and marketing of citrus fruits mainly of natural origin... more
Economy and financePrivate equity: Clessidra acquires Molino Nicoli
The Nicoli family will reinvest in the company with a 30% stake, ensuring business continuity
Clessidra Private Equity Sgr, operator in the Italian private equity market focused on the upper-mid market segment, announces the acquisition from the Nicoli family, founders of the company, of Molino... more
Economy and financeWater networks. Aquanexa acquires Puglia Engineering
Southern expansion for the integrated service platform launched by Algebris Green Transition Fund
Aquanexa, an advanced platform of integrated solutions for the water industry launched by Algebris Green Transition Fund, announces the acquisition of 100% of Puglia Engineering S.r.l. through Datek22... more
Economy and financeMisitano & Stracuzzi starts the stock exchange listing
The Sicilian company is a leader in the citrus essences sector
Misitano & Stracuzzi, one of the most important brands in Italy in the citrus sector, has started the process for listing in Piazza Affari. The admission, announced a few days ago is now scheduled for... more
Economy and financeEU. Production of services. Hotels and restaurants down year-on-year
Eurostat: decrease of 3.1% in April. Decline also on a monthly basis but more limited (-1.6%)
According to Eurostat's first estimates, in April 2024, compared to the previous month, seasonally adjusted services production increased by 1.1% in both the euro area and the European Union. In March... more
Economy and financeBillionaire bakery maneuvers: agreement between Emmi and Mademoiselle Desserts
The Swiss dairy group buys the French premium desserts company for € 900 million
The Swiss dairy group Emmi has signed a sales option agreement for the planned acquisition of the French group Mademoiselle Desserts, specializing in innovative high-end pastry. The transaction, as reported... more
Economy and financeFAO: food price index stable in June
The decline in cereals is offset by the increase in vegetable oils (+3.1%), sugar (+1.9%) and milk (+1.2%)
The benchmark for global food commodity prices remained unchanged in June, as increases in international quotations for vegetable oils, sugar and dairy products offset a decline in those for cereals. This... more
Economy and financeRumors. Bridor could acquire San Giorgio
The French multinational would be in negotiations in order to acquire the pastry of Salerno
Bridor, a French multinational specializing in bakery products, bread and frozen pastries for supermarkets and artisanal bakers but also for the hotel and catering sector, would start negotiations to buy... more
Economy and financeNestlé invests in protein foods in Germany
Investment of 8 million euro to expand the Vitaflo plant in Rosbach
Nestlé invests in the German protein food factory Vitaflo, part of Nestlé Health Science. The multinational, in fact, has just inaugurated the expansion of its plant in Rosbach vor der Höhe, north of Fr... more
Economy and financeQuattroR, the president Valeri buys shares of the holding
The fund has in portfolio Casalasco and Mzbg (Segafredo)
The president of QuattroR sgr, Flavio Valeri, has acquired for € 491,000 the 15% of QR Partners Srl from the former president of QuattroR, Andrea Morante. The holding company controls the management c... more
Economy and financeCampari, investigations on the holding impact on the title
But the group states: "Neither Davide Campari-Milano N.V. nor any of its subsidiaries are subject to investigation"
The market is worried about Campari. The title, that yesterday June 27 left on the ground at the end of the session 3.6% after being in red for over 4.3%, today faces a day that seems less pessimistic... more
Economy and financeSACE: Italian exports will reach 679 billion euros in 2025
Optimistic data for Afro-Asian and Latin American markets, whose value could rise to 95 billion in 2027
Artificial intelligence, new technologies, ESG transition, geopolitical risks and climate change. Exports are growing again and are experiencing a great moment of transformation between new risks and emerging... more
Economy and financeMisitano&Stracuzzi travels to the Stock Exchange
he Sicilian brand of citrus essences aims at listing by summer
Misitano & Stracuzzi, one of the most important brands in Italy in the citrus essences sector, aims to be listed on the Stock Exchange at Piazza Affari. The landing on the Stock Exchange (by Intermonte)... more
Economy and financeSpain removes VAT on olive oil until september 2024
The measure also applies to other basic foods: after September VAT will rise to 2 or 4% depending on the products
The Spanish Council of Ministers today approved a Royal Decree to extend various measures to control the prices of essential goods. The measure was taken in the face of economic tensions caused by the... more
Economy and financeDeA Capital: 54% of employees are women
The 2023 ESG report certifies a constant reduction in the gender pay gap/Annex
DeA Capital Real Estate Sgr SpA announces that the ESG Report as of 31 December 2023 has been published. This Report also testifies to the development of the path towards sustainability that DeA Capital... more
Economy and financeElectrolux, EUR 140 million loan from Nordic investment bank
8-year sustainability funding to reduce emissions in the value chain by 2030
Nib, Nordic investment bank and Electrolux have signed a loan of 150 million dollars, amounting to about 140 million Euro in eight years linked to sustainability. The Swedish Group was one of the first... more
Economy and financeDraft EU budget 2025: the biggest share goes to the Cap
Proposal for an annual budget of 199.7 billion euro: 53.8 billion for the common agricultural policy
The EU Commission has proposed an annual EU budget of 199.7 billion Euro for 2025. The budget will be complemented by 72 billion Euro of disbursements from Next Generation EU. This substantial budget will... more