A Hovis bakery strike has shed light on the practice of zero-hours contracts, whereby workers are “on-call” as opposed to having fixed hours and must take work when they are offered it.
As Nestlé put a brave face on underwhelming first half results that fell far below market expectations, its Jenny Craig weight management brand was singled out as being one of its worst performing.
Nestlé has cut its sales growth expectations for the full year – but even the revised target will be a stretch, according to the company’s financial chief.
Flavour and fragrance firm Symrise AG has reported a 7.2% increase in revenue during the first half of 2013, and a 12% increase in net profit to €93.4m.
New Britain Palm Oil’s independent directors have urged shareholders to reject an unsolicited takeover bid from Kulim, which already owns a 50% stake in the company.
Organic growth and a healthy boost from last year’s €500m Fortitech investment lifted Q2 pre-tax profits 19% to €345m at Dutch ingredients and chemicals giant, Royal DSM.
Danone claims to have got off to a “strong start” this year, with early signs of stabilisation in Europe and solid demand for infant nutrition products in China driving better-than-expected sales growth in the first half of 2013.
Dairy and beverages giant Danone is targeting €200M (£172.7M) in savings in Europe by 2015 by “adapting its structures and costs” as the tough economic climate continues to bite.
Unilever has said that new products and emerging markets have helped lift its second quarter sales, although it warned of continuing economic challenges.
Tate & Lyle CEO Javed Ahmed says earning and profit forecasts are intact – “mid single digit growth” – despite an unseasonably cold spring that has contributed to an annual drop of 4% in the US soft drinks market and hit its specialty and bulk sweeteners...
Premier Foods will continue to develop its Power Brands and deliver a further £10M of cost savings this year, according to a statement accompanying its half-year results posted today (July 23).
Through the complex acquisition of a majority stake through China’s Jiangsu Howbetter Food Co., Tate & Lyle can now boast a platform to boost its food systems business in the country.
2 Sisters Food Group has forged a licensing agreement with Premier Foods for the production, distribution, sales and marketing of its Hovis Breakfast Bakes range of breakfast biscuits.
Mergers and acquisitions in the UK food and drink industry hit a 10-year low at just 73 deals in the first half of this year, revealed figures from information services company Experian.
Reports suggest UK soft drinks firm AG Barr could mount a £1bn+ bid for GlaxoSmithKline (GSK) brands Lucozade and Ribena, with support from private equity.
Kellogg says it takes palm oil sourcing extremely seriously and is defending its joint venture with Wilmar International after accusations that the Asian agri giant is involved in illegal palm oil activities.
Irish food ingredients company Kerry Group has begun work on a €100m Global Technology and Innovation Centre in Ireland, to serve its global and regional EMEA customers.
Allied Bakeries’ deal to supply bread to Co-op stores has helped the grocery division of its parent company Associated British Foods (ABF) achieve 7% growth in the third quarter of its financial year.
Heineken has agreed to sell its Finnish 'multi-beverage' business Hartwall to Danish Royal Unibrew for €470m and the two brewers will extend a licensing agreement allowing the latter to brew the Dutch firm's eponymous flag brand under license.
Dumex – Danone’s infant nutrition business in Asia – has announced plans to reduce the price of its infant formula products in China by up to 20% in response to an investigation into its and other manufacturers’ pricing practices in the country.
Nestlé-owned Wyeth Nutrition and Danone Dumex are slashing the price of their infant formula products in China in response to the launch of an investigation into their pricing practices and suspected anti-monopoly violations.
Chr. Hansen has narrowed its growth forecast for 2012-13 after a major natural colour customer in South America chose to return to synthetics, and carmine prices declined.
The Archer Daniels Midland Company is in discussions to sell its cocoa processing operations. We find out how potential industry consolidation could affect the cocoa supply.
Californian algae expert Solazyme and French ingredients giant Roquette have dissolved their joint venture Solazyme Roquette Nutritionals (SRN), with Solazyme promising to accelerate commercialization of its suite of microalgal food ingredients.
Hydrocolloid giant CP Kelco has announced the first phase in a series of projects to expand its Brazilian pectin operation by 30% to cope with rebounding demand for the ingredient.
The Archer Daniels Midland Company is holding discussions to sell its cocoa ingredients business - a business unit that saw profits plunge 24% last year.
CSM and subsidiaries Purac and Caravan Ingredients have unveiled their new strategy and company name, Corbion, as the company continues its repositioning as a bio-based ingredients firm.
Agrana has opened a new €70m wheat starch processing facility in Austria to allow the company to offer wheat starch as well as its existing corn and potato starch ranges.
