UK: Lees Foods, Thomas Tunnock win snowballs VAT ruling
Scotland-based cake makers Lees Foods and Thomas Tunnock have won a legal battle over the tax status of their Snowballs snacks.
Lees Foods
UK: Profits up at UK baker Lees Foods
UK baker Lees Foods has said its operating profit increased by over a quarter in 2012, a year in which it was taken private.
UK: Court clears MBO of cake firm Lees Foods
A court has cleared the proposed management buy-out of UK snack maker Lees Foods.
Quote, unquote: just-food’s week in words
Sainsbury's chief executive Justin King this week welcomed moves from its UK retail rivals to invest in product quality and service after the retailer reported an increase in annual underlying profits.
Editor’s choice: the highlights on just-food this week
Dubbed 'The Outperformer' by one set of City analysts, Sainsbury's announced annual profits that beat forecasts last week and the UK retailer remains confident in the face of increased competition. The UK grocery industry was in the spotlight last week, with the country's Government formally announcing its introduce a watchdog to monitor the sector. Elsewhere, CSM, a supplier of bakery products to retailers in North America and Europe, said it would exit the sector and focus on bioplastics.
UPDATE: UK: Lees buyout faces staunch resistance
Shareholders in Lees Foods have hit out at the management buyout for the UK firm, insisting the company's directors "have a battle on their hands" if they are to push…
UK: Lees shareholders “approach Takeover Panel” over buyout
A group of minority shareholders in Lees Foods have reportedly approached the UK's Takeover Panel as its attempt to block a proposed GBP5.6m (US$8.9m) management-buyout continues apace. According to reports,…
UK: Lees Foods FY profits climb
Scottish cake maker Lees Foods has reported a growth in full-year profits as higher sales offset increased costs. Lees Foods, which is the subject of a takeover bid from its…
UK: Lees Foods silent on investor buy-out campaign
Scottish cake maker Lees Foods has declined to comment on the launch of an online campaign by a number of its private investors attempting to stop a management buy-out of…
Editor’s choice: the highlights on just-food this week
After a relaxing Easter break, news of another piece of M&A in the UK food sector emerged with a potential management buy-out at cake maker Lees Foods. Later in the…
UK: Directors launch offer for Lees Foods
The directors of Lees Foods have launched a GBP5.6m (US$8.9m) takeover bid for the Scottish cake maker. Randotte, a company formed by the group's directors for the purposes of the…
