Financial & Industry

Nestlé annual profit up by 22%

23-Feb-2001 - Nestlé SA , the world's largest food company, announced that the full-year profit rose by 22 %, with net income rising to 5.76 billion Swiss francs...

Novozymes issues positive 2000 financial statement

22-Feb-2001 - Novozymes released its financial statement which reveals that the operating profit for the year meets the Group's growth target for 2000 as announced in connection...

Belgium to sue UK government over Interbrew/Bass Brewers deal

22-Feb-2001 - Belgium will seek ruling from the European Court of Justice after British government prevented beer giant Interbrew 's £2.3bn deal to buy Bass Brewers last year,...

Kellogg admitted second position on US cereal market behind General Mills

22-Feb-2001 - Kellogg yesterday announced that it saw itself "as number two in terms of US cereal market share", behind rival General Mills, when the company has...

Wild Group strengthens global focus

21-Feb-2001 - The Wild Group, the German flavour manufacturer, has reorganised its global management functions to strengthen its competitive position. "Our objective is to organise the functions...

Wal-Mart results affected by US growth slowdown

21-Feb-2001 - The US giant retailer Wal-Mart believes it has weathered the worst of the consumer cutbacks prompted by the slowdown in economic growth in its native...

P&G and Coca-Cola set up venture in juice & snack company

21-Feb-2001 - Coca-Cola and consumer products group Procter & Gamble have formed a joint venture to develop and market innovative juice-based drinks and snacks on a global...

IFF plans for BBA revealed

21-Feb-2001 - International Flavor & Fragrances Inc. provided yesterday an update regarding its integration of Bush Boake Allen and the progress of its reorganisation plan announced last...

Unilever US baking operations sold to George Weston

20-Feb-2001 - Bestfood US Baking subsidiary, owned by Unilever , was yesterday sold for $1.76bn to unexpected contender Canadian George Weston . The acquisition will potentially allow Weston to...

Consolidated Fruit seeks stake in Chiquita

20-Feb-2001 - The Wall Street Journal is reporting that a major shareholder of Chiquita Brands International is seeking to buy all or part of the banana company....

George Weston to acquire Unilever's US baking operations

19-Feb-2001 - The Canadian supermarkets group George Weston was to reach agreement last night for a bid to acquire Unilever 's baked goods operations in the US, worth...

Nestlé to strengthen South East Asia coffee operations

19-Feb-2001 - The Nestlé Group is looking to increase its presence on the Indochinese markets by seeking joint-ventures with local coffee producers in Thailand and Malaysia. ...

Ongoing capital access is critical to the Foster's expansion

19-Feb-2001 - In order to continue its global expansion and deliver the rates of return expected by its shareholders, Foster's Brewing will need near-to-permanent access to debt...

Slow growth for US soft drinks

16-Feb-2001 - Carbonated soft drink sales in the US increased by only 0.5 per cent in thein 2000, an increase of about 50 million cases over 1999,...

Café Cadburys to hit the high street

16-Feb-2001 - UK confectionery and drinks group Cadbury Schweppes is to open a chain of cafes catering for chocolate lovers in a bid to boost the increasingly...

Coke and Carlsberg reach agreement

16-Feb-2001 - US drinks giant Coca-Cola Company and Carlsberg, the Danish brewer, agreed on Wednesday to split the Coca-Cola brand market between them. Under the terms of...

Pernod makes bid for Agros

15-Feb-2001 - French drinks group Pernod Ricard announced on Tuesday that is to launch a public tender for all shares in Agros, a Polish food and beverage...

Nestlé India launches new water brand

14-Feb-2001 - Nestle India has launched "Nestle Purelife," a new brand of purified bottled water. The water will be produced in one litre packs in the company's...

ConAgra reduces fiscal estimates for 3Q

14-Feb-2001 - ConAgra Foods, the second-biggest food maker in the US, halved its fiscal third-quarter earnings estimate after the market closed on Tuesday, blaming a sharp rise...

IngredientsNet.com voted among top ten Net Markets

14-Feb-2001 - Food ingredients market platform, IngredientsNet.com , was placed among the top ten online Net Markets in Europe by research analysts Jupiter MMXI. The...

Bids for Bestfoods

13-Feb-2001 - Unilever, the Anglo-Dutch consumer products giant, is understood to have received three bids of $1.4bn-$1.6bn on Monday for the US bakery business it acquired in...

British choosing Australian over French wines

13-Feb-2001 - Australian wine sales are expected to exceed French wine sales in Britain by the end of the year, The Sunday Times reported. ...

Allied Domecq loses bid for Montana

13-Feb-2001 - Australian brewer Lion Nathan has won the battle for New Zealand's largest wine producer Montana Group, brokers said on Monday. The Lion...

Cadbury to sip Orangina in the Summer

12-Feb-2001 - Pernod Ricard, the French drinks group, said it expected to sell Orangina-Pampryl, its soft drinks unit, to Cadbury Schweppes, the British group, before the Summer. ...

Battle for Montana hots up

12-Feb-2001 - British drinks company Allied Domecq recently waived some of the conditions on its bid for New Zealand winemaker Montana Group (NZ) Ltd. The company said...

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