Latest news with #conveniencefood
Daily Mail
6 days ago
- General
- Daily Mail
THE CANNY COOK: Anyone for rotisserie chicken baguettes?
In my 20s, I spent a couple of lazy summers driving around southern France, drifting between hilltop villages, sun-soaked markets and crystalline lakes for an afternoon dip. By far my most vivid food memory of those trips is of the rotisserie chickens we'd buy from stalls by the roadside – slowly spinning on their spits, with deep-tan skin and buttery juices dripping down onto potatoes below. We'd take them, packed in butcher's paper, to the lake with a fresh baguette, a tub of aïoli and a head of lettuce… the makings of the best sandwiches I can remember. I recreate them to this day, and while my local supermarket couldn't have less in common with a Provençal rotisserie, their chickens hold up surprisingly well. It's something in the cooking method – the low-and-slow direct heat and the continuous basting – that renders the skin sticky and golden and the meat fall-off-the-bone tender. Rotisserie chickens are the ultimate convenience food, particularly in peak summer when I wilt at the thought of turning on the oven. They make an easy protein in salads – maybe with leaves, avocado and a Caesar dressing, or in a crunchy Asian-style slaw. They can easily be shredded into tacos and tortilla wraps, or tossed with cold noodles and a spicy peanut dressing. Though, for me, nothing beats those baguettes. 1 baguette, £1.20; 180g aïoli (or mayonnaise), £1.60 METHOD Separate the leaves from the lettuce and rinse. Spin or pat dry with kitchen towel. Pull the meat from the bones of the rotisserie chicken and shred. Also shred the skin and mix everything together. Taste and season with a little salt and pepper if it needs it. Split open the baguette and spoon on some of the aïoli (or mayonnaise). Fill with chicken and lettuce leaves and enjoy.
Reuters
22-07-2025
- Business
- Reuters
UK food group Greencore raises annual profit outlook on summer boost
July 22 (Reuters) - Convenience food manufacturer Greencore (GNC.L), opens new tab on Tuesday raised its annual profit expectations, driven by cost cuts and strong demand for its products during the summer, despite uncertainties in the broader macroeconomic environment. The company, which sells soups, dips, salads, desserts, and breads, forecast adjusted operating profit of 118 million pounds to 121 million pounds ($159 million to $163 million) for the year ending September. Greencore, which had agreed the takeover of fresh food provider Bakkavor Group (BAKK.L), opens new tab in May, also said that it continues to expect to close the deal in early 2026. ($1 = 0.7423 pounds)
Irish Times
15-05-2025
- Business
- Irish Times
Greencore signs up 69% of Bakkavor shareholders for recommended £1.2bn deal
Greencore , the sandwiches and ready meals maker, said on Thursday it has signed up 69.4 per cent of shareholders in Bakkavor in support of its planned £1.2 billion (€1.4 billion) purchase of its UK rival. The level of so-called irrevocable undertakings from Bakkavor shareholders comes after both sides confirmed they had agreed terms of a recommended £2-a-share, stock and cash offer from Greencore. The Greencore directors, having reviewed and analysed the potential synergies of the transaction, and taking into account the factors they can influence, believe that the combined group can deliver annual run-rate pretax cost synergies of at least £80 million by the end of the third year following completion, according to the statement. The deal to create a leading convenience food business in the UK with a combined revenue of £4 billion and having approximately 30,500 employees will see existing Greencore investors own 56 per cent of the group, with Bakkavor investors holding the remainder. READ MORE Separately, Dublin-based Greencore upgraded its full-year operating profit guidance to a range of £114 million to £117 million from £112 million-£115 million, bringing it to above pre-pandemic levels of profitability. [ Greencore agrees deal to acquire rival Bakkavor Opens in new window ] Its operating profit for the six months to the end of March, its fiscal first half, jumped almost 60 per cent to £45.2 million, driven by disciplined cost management through and continued growth with customers. Revenue advanced 6.5 per cent to £922 million. 'The Greencore team again made excellent progress in the first half of the financial year, consistently delivering fresh, high quality convenience food to our customers and their shoppers,' said chief executive Dalton Philips. 'By continuing to strengthen our core business, we've accelerated our financial performance – enhancing returns, improving margins and driving growth ahead of the market. We have built strong momentum and remain committed to continued delivery.' Greencore knows Bakkavor well. The latter had built up an 11 per cent stake in the Irish business before the 2008 financial crisis, stoking takeover speculation at Greencore – then also 29.9 per cent owned by boomtime developer Liam Carroll. At the time, speculation focused on whether Mr Carroll wanted Greencore's defunct sugar plants in Carlow and Mallow for development. Bakkavor, founded 40 years ago by Icelandic brothers Agust and Lydur Gudmundsson, sold its Greencore stake at a loss in October 2008 as the Gudmundssons saw their broader business empire come under pressure during the financial crisis. Bakkavor almost went under during the worst of that period. The Gudmundssons lost control of the business for a period, before managing to regain it a decade ago with the help of a US hedge fund. The two convenience food groups share the same customers among major UK supermarkets – but have limited crossover in products. Bakkavor would add pizza, bread, desserts and dips to Greencore's range, spanning sandwiches to salads, sushi and ready-made meals.
Bloomberg
15-05-2025
- Business
- Bloomberg
Greencore Agrees to Buy Foodmaker Bakkavor in £1.2 Billion Deal
Convenience food manufacturer Greencore Group Plc agreed to buy rival Bakkavor Group Plc for about £1.2 billion ($1.6 billion). The company will pay 85 pence in cash and 0.604 Greencore shares for each Bakkavor share, according to a statement Thursday. Greencore's shareholders will own about 56% of the combined group, with Bakkavor's holding the rest.
