Business

Nestlé says it will also ask its more than 63,000 suppliers to offer jobs, trainee positions or apprenticeships to young people in Europe

Nestlé to offer 20,000 jobs to young Europeans

By Caroline SCOTT-THOMAS

Nestlé has said it will offer 10,000 jobs to people under the age of 30 over the next three years and 10,000 apprenticeships, as part of an initiative to boost youth employment in Europe.

The new office will be based in Milan, in the north of Italy

Galactic opens sales office in Italy

Lactic acid and lactates specialist Galactic has opened a sales office in Milan, Italy, in an effort to provide a more localised service to its Italian customers.

The discontinued collaboration concerns a flavour ingredient, Evolva said

Evolva and IFF to end flavouring ingredient collaboration

By Caroline SCOTT-THOMAS

Switzerland-based Evolva Holding SA and International Flavors and Fragrances (IFF) have said they will end their collaboration on an undisclosed flavouring ingredient early next year, and Evolva is considering continuing the work independently.

Kellogg experiences backlash over “distasteful tweet”

Kellogg in trouble over "distasteful tweet"

By Annie-Rose Harrison-Dunn

Kellogg has issued an apology for a “distasteful tweet” in which it promised to donate one breakfast to a vulnerable child for each retweet.

Kellogg says its Project K efficiency programme isn't a

Kellogg's "difficult" cut-backs

Project K: Kellogg chomps 7% of global workforce

By Annie-Rose Harrison-Dunn

Kellogg Company will axe 7% - 2000+ staff - of its workforce by the end of 2017 as part of a four year efficiency program designed to drive growth.

(Picture credit: Iqbal Osman)

Irish Dairy Board invests $27m in Saudi halal cheese production

By Fiona Barry

The Irish Dairy Board (IDB) has invested €20m ($27m) in a dairy manufacturing and technology facility in Saudi Arabia, “to access the important dairy growth markets in the Middle East and North Africa region, supplying the Islamic Halal market segment”.

Polman: no improvement in market conditions in North America or Europe

Unilever repels attack on job cuts

By Rod Addy

Unilever has defended itself against trades union claims its green business strategy may be sustainable for profits, but not for jobs.

Coca-Cola Enterprises shrugs off Pepsi GB surge and Suntory arrival

ANALYST: 'BOTTOM LINE - CCE DELIVERED AGAINST A DIFFICULT BACKDROP'

Coca-Cola Enterprises shrugs off Pepsi GB surge and Suntory arrival

By Ben BOUCKLEY

Coca-Cola Enterprises (CCE) insists analysts take a ‘mid-term perspective’ after Pepsi took volume and value share from Coke in Great Britain in Q3 2013 and says it is too soon to assess Suntory’s likely market impact.

Roquette microalgae flour hope after Solazyme split

Roquette talks algae hope after Solazyme split

By Kacey Culliney

Despite a recent split from Solazyme and an on-going legal case, Roquette is “full speed ahead” with its new algae flour and says the health halo effect should propel the ingredient forward.

Nestlé opens Maggi factory in Russia

Nestlé opens Maggi factory in Russia

Nestlé has opened a CHF 73m (€59.1m) factory in Russia to distribute Maggi-brand products across Russia and other Commonwealth of Independent States (CIS) countries.

Mondelez aims to invest in sustainable cocoa supplies for sites such as its Cadbury plant and research development quality centre in Bournville

Mondelēz invests in sustainability goals

By Rod Addy

Mondelēz International is pouring cash into sustainable farming projects, including $400M in cocoa farms in developing economies, to secure a strong and stable supply base.

CEO Paul Bulcke said:

Nestlé nine-month sales growth below full-year target

By Caroline SCOTT-THOMAS

Nestlé organic sales growth slowed to 4.4% in the first nine months of the year, compared to 6.1% in the same period last year, hit by weaker demand from emerging markets and ongoing recession in Europe.

In response to the Fonterra botulism alert, Danone-owned Nutricia ANZ recalled around 67,000 units of its Karicare infant nutrition products. While its Dumex business pulled products from shelves in seven countries.

Danone seeking €200m damages from Fonterra over WPC recalls

By Mark ASTLEY

Danone has confirmed that it is seeking around €200m ($270m) in compensation from Fonterra to cover the costs associated with the infant formula product recalls it ordered in response to the New Zealand-based dairy exporter's recent whey protein...

Vion's Rousselot brand is a leader in the European gelatine market, as well as elsewhere

US-based Darling International to acquire Vion Ingredients

By Caroline SCOTT-THOMAS

Dutch animal-derived ingredients giant Vion Ingredients – including the Rousselot gelatine business – is set to be acquired by US-based Darling International in a deal worth about €1.6bn, the company said on Monday.

Unilever has 8400 hectares of tea and seven factories in Kericho, Kenya

Unilever to invest €150m in Kenya

By Caroline SCOTT-THOMAS

Unilever has said it will invest €150m in Kenyan tea operations, according to a report from the Kenyan president’s office.

Nestlé plans to sell underperforming brands

Nestlé plans to sell underperforming brands

By Caroline SCOTT-THOMAS

Nestlé CEO Paul Bulcke told an investor meeting on Tuesday that the company intended to divest some of its brands and shake up its portfolio.

Unilever's share price fell 3.7% in LSE trading on Tuesday morning

Unilever warns of emerging market slowdown

By Caroline SCOTT-THOMAS

Unilever has warned of a slowdown in emerging markets, in a surprise market update that saw its share price tumble in early trading on Tuesday.

The stronger performance of Greencore’s UK and US businesses during the fourth quarter should help the firm achieve 9% earnings per share in 2014, said Panmure Gordon.

Greencore’s Food to Go to be the driver: City

By Mike Stones

Greencore’s “resilient business model” means the food manufacturer is poised for growth, with its Food to Go business remaining the driver, says City analyst Panmure Gordon.

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