Business

BRIC markets to drive growth for Kraft’s Mondelez spin-off

The Mondelez Series - New confectionery powerhouse

BRIC markets to drive growth for Kraft’s Mondelez spin-off

By Oliver Nieburg

The developing markets of Brazil, Russia, India and China will drive sales for Kraft’s global snacks business Mondelez International, according to CEO Irene Rosenfeld.

Arla increasing UK milk prices in confidence rebuild effort

Arla increasing UK milk prices in confidence rebuild effort

By Mark Astley

Arla Foods UK has increased the standard price it pays to dairy farmers for milk and adopted a new, more transparent milk pricing and sourcing model in an effort to “build confidence in the British dairy industry.”

Irish CPG firms eye US retail market

Irish CPG firms eye US retail market

By Caroline Scott-Thomas

Enterprise Ireland invited executives from major US retailers to stay an extra day following the Navy-Notre Dame football game in Dublin on Sunday to meet with Irish consumer goods companies that have potential to expand their presence in the US market.

Egg price hikes drive Avangardco sales and profits

Egg price hikes drive Avangardco sales and profits

By Rod Addy

The increased price of eggs has been the biggest factor behind strong results posted by Ukraine-based international egg and egg products business Avangardco, which boasts hundreds of millions of euros in sales.

Soaring French spirits taxes rock Pernod Ricard

Soaring French spirits taxes rock Pernod Ricard

By Ben Bouckley

Pernod Ricard admits that the effects of a hefty 2012 French VAT hike on spirits has ‘severely affected’ the fortunes of key brand Ricard and other aniseed spirits with 45%+ ABV.

Mixed progress for Unilever since 2007 - analyst

Mixed progress for Unilever since 2007 - analyst

By Rod Addy

Unilever has shown mixed progress over the past five years, according to Andrew Wood, senior research analyst for food and home & personal care products at Sanford C Bernstein, based on its predictions for the company made in 2007.

Glanbia signs Dairy Ingredients Ireland JV agreement

Glanbia signs Dairy Ingredients Ireland JV agreement

By Mark Astley

Irish dairy giant Glanbia has signed a Memorandum of Understanding with Glanbia Co-operative Society Limited to enter into a joint venture in respect of its Dairy Ingredients Ireland (DII) business.

UK food processors defy overall sales declines

UK food processors defy overall sales declines

By Rod Addy

UK food manufacturers are bucking the trend of declining orders in other industries to claim strong performance by comparison, according to the Confederation of British Industry (CBI).

Frutarom president and chief executive Ori Yehudai:

Frutarom posts powerful profit and sales growth

By Rod Addy

Frutarom has posted strong double digit growth figures for its second quarter/half year results, driven by acquisitions, organic growth, price increases, falling raw material costs and more favourable purchasing deals.

One of Wahaha's product ranges

Chinese drinks firm partners Nottingham University

By Rod Addy

Chinese soft drinks manufacturer Wahaha has signed a deal with the UK’s Nottingham University to collaborate on research and development covering areas including bioenergy, food technology and electric motors.

Nestlé's Pure Life range was a star performer for Nestlé Waters

Nestlé first half results: Pros and cons

By Rod Addy

Europe and North America were the worst performing regions for Nestlé according to its first half (H1) results, while Asia, Oceania, Africa and emerging markets delivered double digit growth.

Symrise tastes sales growth in first half results

Symrise tastes sales growth in first half results

By Rod Addy

Symrise’s flavour and nutrition division nailed an increase in sales in the first half (H1) of 2012, driven by performance in emerging markets and increasing sales with major customers.

CSM battles costs, but H1 profits still down

CSM battles costs, but H1 profits still down

By Rod Addy

CSM clawed back some pre-tax profit losses from higher raw material costs and falling demand in its second financial quarter, but pre-tax profits remain down for the half year (H1).

Symrise opens Latin America facility

Symrise opens Latin America facility

By Rod Addy

Symrise has opened a €12m flavours and fragrances centre in Sao Paulo, Brazil, marking the completion of its roll out of such sites in emerging markets, according to the company.

Meat processor Cranswick set for strong year

Cranswick set for strong year ahead

By Rod Addy

UK meat processor Cranswick would benefit from millions of pounds worth of investment and the potential closure of Vion’s pig processing unit in Scotland in the coming year, according to analysts.

Aspartame sales plunge for Ajinomoto

Aspartame sales plunge for Ajinomoto

By Rod Addy

Global sales of aspartame “decreased considerably” during the first quarter of Ajinomoto’s financial year, according to the company.

Sausage casings are just some of Devro's products

Edible collagen sales strong for Devro

By Rod Addy

Devro has reported rising edible collagen volumes in Europe, especially eastern Europe, Scandinavia and Germany, in its results for the first half of its financial year.

Blakeslea trispora fungus

LycoRed buys Ukrainian carotenoid specialist

Israeli supplier Lycored has paid an undisclosed sum for a Ukrainian firm specialising in fungal pathogen-derived carotenoids in a move that brings a natural beta carotene into its portfolio.

PureCircle shores up stevia supplies

PureCircle shores up stevia supplies

By Rod Addy

PureCircle has diversified its supplies of stevia leaf, enabling it to step up global growth plans and defend its supply chain against future issues.

Paul Polman, Unilever chief executive:

Unilever posts ‘Nestle-like’ results

By Rod Addy

Unilever has become “Nestle-like” in its delivery of strong and consistent results, according to Andrew Wood, senior research analyst at Sanford C Bernstein.

Naturex reports H1 growth on back of acquisitions

Naturex reports H1 growth on back of acquisitions

By Nathan Gray

Natural ingredients supplier Naturex has reported a healthy 15% growth in sales for the first half of its financial year on the back of ‘positive contributions’ from the firm’s new acquisitions.

Office of Fair Trading probes Premier Foods disposal

Office of Fair Trading probes Premier Foods disposal

By Rod Addy

The Office of Fair Trading’s (OFT’s) investigation of Premier Foods’ sale of its vinegar and pickles business to Mizkan Group is unlikely to hamper the process, according to financial analyst Clive Black.

Red yeast rice: Helps maintain normal cholesterol levels

Gee Lawson enters China-dominated red yeast rice supply

By Shane Starling

UK supplier Gee Lawson has debuted organic red yeast rice (Monascus purpureus) into a sector dominated by Chinese supply and which has won a European Union health claim for cholesterol maintenance.

Sharp rise in UK food and drink acquisitions

Sharp rise in UK food and drink acquisitions

By Rod Addy

2012 has seen a “remarkable” rise in merger and acquisition activity involving the UK food and drink industry, with much of it taking place in the past two months, according to industry commentators.

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