Financial & Industry

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...

Unilever on track for five-year growth targets

09-Feb-2001 - Anglo-Dutch consumer products giant Unilever reported on Wednesday a boost in fourth-quarter sales as its key 400 brands drove a 16 per cent rise in...

Allied bids for NZ wine group

09-Feb-2001 - British food and drink group, Allied Domecq , announced on Wednesday it wants to buy New Zealand’s biggest winemaker, Montana. The group will...

Eridania Beghin-Say announces financial upturn for 2000

08-Feb-2001 - French-Italian food group, Eridania Beghin-Say, announced on Tuesday preliminary results of a 3.1 per cent incease in operating income from 1999 to 2000 to 388...

Milk down the Australian drain

07-Feb-2001 - In protest against dairy deregulation dairy farmers in Australian said on Tuesday that thousands of litres of milk will be poured down the drain. ...

Salmonella compensation to reach Au$5 million

07-Feb-2001 - An orange juice company liable for a salmonella outbreak in Adelaide in 1999 will face compensation payouts totalling about $5 million to an estimated 500...

Rise in energy costs harm sugar giant

07-Feb-2001 - Sugar group Tate & Lyle issued its fourth quarter profits warning in this financial year on Tuesday, stressing that soaring energy costs would affect the...

Kraft strengthens coffee position in East European

07-Feb-2001 - Kraft Foods International, a unit of Philip Morris Co., on Tuesday said it agreed to buy two coffee businesses in Europe, strengthening its market positions...

Blush free cranberry juice launched

06-Feb-2001 - US giant cranberry co-operative, Ocean Spray, this week launched a white equivalent to its reputable cranberry juice. The clear juice is made...

PepsiCo announces 15% rise in earnings

06-Feb-2001 - US snacks and soft drinks group, PepsiCo, announced on Monday soaring earnings for the last quarter across all its businesses. Steve Reinemund, chief operating officer,...

General Mills anticipate strong 3Q earnings

06-Feb-2001 - General Mills, the US food and cereals group, announced on Monday that its current quarter's earnings would be "significantly above" Wall Street expectations, the Financial...

Soya sales on the increase

05-Feb-2001 - Soya consumption on the increaseIncreasing consumer awareness of the health benefits of soya is boosting sales of the full range of soya products, reports ADM...

Raisio signs agreement with Atria

05-Feb-2001 - Finnish food group Raisio announced on Friday that it would supply its cholesterol-cutting stanol ester ingredient to meat products group Atria for an undisclosed sum. ...

11th Gums and Stabilisers Conference

05-Feb-2001 - The eleventh biennial conference on Gums and Stabilisers for the food industry is to take place in Wrexham, UK on 2nd to 6th July 2001. ...

Major Asian ingredients exhibitions in April and May

02-Feb-2001 - From April 3-5, 2001 500 national and international exhibiting companies from China and overseas will meet at the Food Ingredients Asia (Fi Asia - China)...

US soy sales booming

02-Feb-2001 - Sales of soy products in the U.S. have now risen above $2.5 billion annually, reports US organisation Foods for the Future. Purchase of soyfoods is...

Sports drink sales boost Quaker Q4 results

02-Feb-2001 - Quaker Oats, the US food and beverage group, on Thursday reported a 15 per cent rise in fourth quarter profit, excluding charges, and said its...

UK beef sales are rising despite BSE cases

02-Feb-2001 - Commission calls on Europe to follow UK exampleEuropean Union countries being swept by fears over BSE - mad cow disease - have been urged to...

Northland Cranberries optimistic for 2001

01-Feb-2001 - US Northland Cranberries Inc. anticipates a smallprofit for the fiscal year 2001 Chairman John Swendrowski said on Tuesday. Speaking at the shareholders annual meeting Swendrowski...

Phillip Morris sees rise in Q4 profit

01-Feb-2001 - Philip Morris, the food and tobacco giant, said on Wednesday that fourth quarter profits rose 7.5 per cent and anticipated that earnings would grow in...

CPG web sites show strong growth

01-Feb-2001 - US consumers are increasingly turning to the web for food and consumer products, a study released on Wednesday suggests. US market analysis...

Dole Food 4Q loss blamed on bananas

01-Feb-2001 - US fruit and vegetable group, Dole Food, announced a fourth-quarter loss that significantly exceeded Wall Street expectations, the Financial Times reports. The company blamed a...

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