JP Morgan

Mars Announces Eight-Part Bond To Help Kellanova Takeover

Confectionary giant Mars has announced an eight-part investment-grade bond offering to help finance its takeover of Kellanova.

British inflation reached a 10-month high of 3.0% in January and is likely to rise further, testing the Bank of England’s confidence.

British inflation unexpectedly slowed to an annual rate of 2.5% in December – down from 2.6% in November, official figures have shown.

Lindt lifted 2024 margin estimates and forecast sales growth for 2025 after results indicated enduring popularity despite price hikes.

Europe’s biggest meal delivery firm Just Eat Takeaway has said it has struck a deal to sell its US unit Grubhub to Wonder for $650 million.

Sainsburys’ biggest shareholder QIA is selling £306 million worth of shares in the group, reducing its holding by 5%.

Diageo said on Thursday some of its strategic initiatives were starting to pay off as shares rose in early trade.

Mars has confirmed that it will purchase Kellanova in a nearly $36 billion agreement, making it the year’s biggest deal to date.

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