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Unilever in ‘advanced discussions’ over foods business merger


By Michael Griffiths

Unilever has confirmed it is in “advanced discussions” with US-based McCormick over a potential merger of its food business.

The deal would take Unilever’s stake in the new combined business to 65%, giving the UK group majority control of a food business valued at over $60bn (£45.4bn)


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Boohoo Group reports earnings ahead of expectations

Boohoo Group has revealed that its adjusted earnings totalled £53m in its latest financial year, coming in ahead of the fashion retailer’s previous guidance

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Pets at Home on track to meet profit guidance

Pets at Home has revealed it is still on track to meet its full-year guidance of £92m in underlying pre-tax profit

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HICL increases stake in Cross London Trains

Infrastructure investment group, HICL, has agreed to acquire a further 6.65% interest in Cross London Trains (XLT) for approximately £52m

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Five companies facing CMA probe over fake and misleading reviews

The Competition and Markets Authority (CMA) has launched five new consumer law investigations into UK companies as part of a crackdown on fake and misleading reviews

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Fuller’s appoints new CFO

Fuller, Smith & Turner has announced the appointment of Katie Horner as the company’s chief financial officer (CFO) designate

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Lloyds pays out £139k in compensation over recent IT glitch

Lloyds Banking Group has paid out £139,000 in compensation to customers affected by a recent IT glitch that allowed customers to see other people’s transactions

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Capita sells private sector contact centre business for £1

Capita has agreed a deal to sell its private sector contact centre business to Inspirit Capital for £1

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GBG refinances £175m revolving credit facility

Software company GB Group (GBG) has successfully refinanced a new £175m revolving credit facility (RCF)

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Asos makes ‘baby steps’ in H1 results

Asos has made "baby steps" in its recovery, according to AJ Bell, after the fashion firm published a trading update for the six months to 1 March

Crest Nicholson shares jump as sales improve

Shares in Crest Nicholson have increased by over 9% after the housebuilder recorded a "sustained improvement" in its sales rate since the middle of January
UK inflation remains at 3% in February

Inflation in the UK remained flat at 3% in the 12 months to February, unchanged from January, the Office for National Statistics (ONS) has revealed
Fever-Tree revenue increases in ‘pivotal’ year

Fever-Tree has recorded a 2% year-on-year increase in its revenue, totalling £375.3m in 2025, in what the firm described as a "pivotal" year


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