UK: FSA says Iceland broke stock market disclosure rules
The UK Financial Services Authority said Friday [today] that the Big Food Group (formerly known as Iceland Group plc) breached stock market rules when in late 2000 it failed to disclose a steep downturn in sales. The FSA, which has been investigating the company since former chairman Malcolm Walker quit in January 2001 after selling most of his shares before a sharp profit warning, has not imposed a penalty, however.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- US food next wave on display at Winter Fancy Food
- How General Mills plans to grow - CAGNY
- Comment: Meal kits in US - don't believe the hype
- CAGNY analysis: Danone's growth strategy
- Wessanen eyes growth in "resurgent" organic market
- Unilever launches operational review
- Glanbia focuses on nutrition with Irish dairy spin
- Bonduelle to buy US produce group Ready Pac Foods
- Mondelez launches savoury snacks brand Vea
- Maple Leaf buys US plant-based group Lightlife