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Sensient releases earnings

Sensient Technologies Corp., a American flavour manufacturer, announced that revenue for the three months ended June 30, 2001 were $203.9 million, compared to $204.1 million...

Quick to expand in Hungary

Belgian-founded fast food chain Quick opened its seventh restaurant in Hungary on Thursday as part of an expansion plan which aims to have a total...

Colombia to double speciality coffee beans

Colombia, the world's third-largest coffee producer, hopes to double its exports of specialty beans in the next five years in a bid to expand its...

Spanish food company reports profit loss

Spanish food company OMSA Alimentacion on Thursday blamed a drop in pretax profit on the mad cow crisis. The company, reporting its first half results,...

Pepsi profits jump in 2Q

Snack food and soft drink maker PepsiCo Inc. on Thursday said its second-quarter profits jumped 16 percent, boosted by volume gains across all of its...

Sports drink giant reports profit rise

Cereal and sports-drink maker Quaker Oats Co. said on Thursday its second-quarter profits rose, driven by strong sales and continued strength in its sports beverage...

Euronext to launch wine futures market

Wine lovers should soon be able to profit from their passion for France's favorite tipple with the launch on the Paris stock exchange of a...

Higher ingredients costs reduce margins for Northern Food

Shares in UK food company Northern Foods Plc slipped on Thursday after the supplier of private label foods to Britain's leading supermarkets warned of a...

Wessanen buys into Canadian natural food

Dutch food group Koninklijke Wessanen nv announced on Wednesday the acquisition of Canadian health food company Preisco Foods Ltd. and Jentash Specialty Foods Limited Partnership...

Dairy Farm NZ sale hinges on court appeal

According to adviser, Dairy Farm International Holdings Ltd., the food and drugstore retailer from Hong Kong, will await the outcome of a court appeal, due...

SLS would go to court over Polish sugar group

On July 18, Saint Louis Sucre (SLS), the French sugar company, said it would fight in court to force the Polish state treasury to sell...

US exports boost Modelo's Q2 results

Leading Mexican beer brewer Grupo Modelo will likely show moderate earnings growth for the second quarter of this year, with U.S. sales offsetting a flat...

Kraft reports quarter's earnings

On July 18, Kraft Foods Inc., the North American food company, said second-quarter profits rose 13.5 per cent, meeting Wall Street expectations, in the company's...

Albertson's will close about 165 stores

Albertson's Inc., the No. 2 American supermarket chain, reported on July 18 that it would close about 165 stores in 25 states, cut an undisclosed...

Kamps' shares plummet after 2001 profit forecast

Shares in Kamps AG, the largest German bakery chain, shed more than 40 per cent on Wednesday, after the company cut its 2001 operating profit...

RFM will focus on food after sale of Cosmos

On July 18, Philippine conglomerate RFM Corp said it would focus on its core food business after the sale of its lucrative soft drinks subsidiary...

Vegetable producer enjoys positive IPO response

Mainland China flower and vegetable producer Euro-Asia Agricultural (Holdings) Co Ltd said this week that the retail slice of its initial public offering (IPO) in...

Avalanche for Snow Brand again

Japan's largest milk products maker Snow Brand Milk Products Co Ltd said on Wednesday it would recall 16,242 boxes of ice bars, a frozen desert...

Drop in income for corn ingredients company

Corn Products International Inc., a corn refiner and supplier of food ingredients, said on Tuesday that second-quarter net income fell 21 per cent, meeting average...

Korean confectionery deal wrapped up

A UBS Capital-led group is expected to sign a 480-billion won ($367.5 million) agreement for the assets of Haitai Confectionery on Wednesday, Haitai said. ...

CAP's future and food safety under the microscope

British and German agriculture ministers on Tuesday said they would push for radical restructuring of the European Union's agricultural policy to take account of the...

Lamb industry "meltdown", NFU warns

The UK National Farmers Union welcomed this week an initiative by leading supermarket Tesco to buy additional British lamb this year to help prevent the...

Lion Nathan move on Montana halted

The Australian brewer Lion Nathan has suffered further blows in its hopes to beat the British liquor group Allied Domecq and to regain a controlling...

McDonalds in Japan goes for high price IPO

Defying uncertainty over whether low-priced hamburgers can defeat sushi, the Japanese unit of US fast-food giant McDonald's Corp set its initial public offering (IPO) price...

Pernod buys No2 Polish vodka

French drinks group Pernod Ricard agreed on Monday to pay about 300 million zlotys ($71.38 million) for control of Poland's second largest vodka maker, Polmos...