Hovis: Losses widen amid Kingsmill merger talks Retail Losses have widened at bread maker Hovis amid ongoing merger talks with the owner or rival Kingsmill, it has been revealed. Hovis, which is backed by private equity firm Endless, saw its pre-tax losses go from £3.6m to £4.7m in the year to 28 September, 2024. New accounts filed with Companies House also show its [...]
Mark Kleinman: This is not just any retail cyber attack… Business Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column This is not just any retail cyber attack… It’s hardly an exclusive club these days: a big listed company is the victim of a major cyber attack, compromising its systems and ability to continue serving customers. [...]
City broker backs Kingsmill merger with Hovis Business A “merger of equals” between Kingsmill and Hovis may be necessary for the turnaround of both businesses, a City broker has said. Kingsmill-owner ABF confirmed this morning that it was exploring a merger with Hovis as one of several options for its bakery arm. ABF said the talks had been prompted by a “very challenging” [...]
Kingsmill-owner ABF confirms merger talks with Hovis May 6, 2025 Kingsmill-owner ABF has confirmed it is in talks to merge with Hovis in what would become Britain’s biggest bread maker. ABF said the talks had been prompted by a “very challenging” market for its products. Rising prices of wheat and lower demand for high-calorie goods like bread have made it tougher to make a profit [...]
Breadmakers Hovis and Kingsmill in merger talks May 3, 2025 The owners of two of Britain’s biggest bread producers – Hovis and Kingsmill – are reportedly in discussions regarding a merger between the two firms as challenges deepen for the market. Associated British Foods (ABF), the owner of Kingsmill’s parent company Allied Bakeries, and investment firm Endless, which owns Hovis, are in talks about a [...]
Primark owner AB Foods’ shares drop after investors advised to sell up August 27, 2024 Shares in Associated British Foods, which owns British stalwarts like Primark, Kingsmills and Twinings, dropped this morning after stockbroker Deutsche Numis downgraded its rating from ‘hold’ to ‘sell’. Shares in the FTSE 100 firm, which owns businesses in five segments including grocery, sugar, agriculture, ingredients and retail, dropped more than three per cent in early [...]