Business

Arla close to sealing deal for Allgäuland

Arla close to sealing deal for Allgäuland

By Ben Bouckley

Arla Foods announced today that it was a "step closer" to acquiring German dairy firm Allgäuland-Käserien, after the last of the latter's constituent co-operatives voted in favour of joining the dairy giant.

Kraft invests in Bournville, defends global split

Kraft invests in Bournville, defends global split

By Ben Bouckley

Kraft has confirmed that it has chosen Cadbury’s site in Bournville as the site of a new chocolate centre to “drive new product development and new technologies” for chocolate brands.

Pernod Ricard steadies European ship

Pernod Ricard steadies European ship

By Ben Bouckley

French spirits giant Pernod Ricard has successfully grown European sales in 2010/11 after a worrying 5% slump last year, due to a “recovery in consumer spending”.

Frutarom profits dip as raw material costs rise

Frutarom profits dip as raw material costs rise

By Shane Starling

Israel-based flavours, botanicals and speciality ingredients player Frutarom has reported lower profits in Q2, with raw material hikes cited as the principal cause.

Profits are up 6.1% at Kerry for H1,

Kerry delivers “solid” H1 with 6% profit hike to €214m

By Shane Starling

Irish dairy and ingredients group Kerry has turned in a”solid” first half of 2011 that saw it increase volumes, weather raw material price hikes, and see success in a “go-to-market” functional ingredient strategy as profits jumped 6.1% on 2010 figures.

Sales jumped 37% to €272.2m for Raisio in H1

Raisio H1 EBIT jumps 73%

By Shane Starling

Finnish supplier Raisio has turned in a bumper half-year with earnings before interest, tax and depreciation (EBIT) surging from €10.3m to €16.2m – a 73% rise.

“The Kerry approach re-engineers ingredient systems and seasonings...

Kerry shares meat solutions with peers

By Sarah Hills

Kerry Ingredients & Flavours is taking the lid off its R&D work to reveal some of the meat solutions it has in the pipeline for clean label, salt and fat reduction, coatings developments and taste enhancement.

Chocolate earnings climb 9 per cent for Kraft; gum growth flat

Chocolate earnings climb 9 per cent for Kraft; gum growth flat

By Jane Byrne

Kraft, in its second quarter results, reports continuing challenges ahead for its gum and candy division in developed markets, and claims the Cadbury takeover is a fundamental earnings driver, with its global chocolate earnings up 9 per cent.

Mixed fortunes for Givaudan as high costs and currency rates counter growth in snacks, dairy and beverages

Givaudan profits slump despite flavours growth

By Nathan Gray

Flavour and fragrance firm Givaudan’s first half net profits crashed by 40 per cent as raw material costs and record currency rates take their toll on the Swiss company, despite good local growth in its flavours businesses.

Unilever tipped to sell food business for €14bn

Unilever tipped to sell food business for €14bn

By Sarah Hills

Analysts at investment bank Liberum Capital said they expect Unilever to sell its food arm, excluding the ice cream and beverage category, for an estimated figure of €14bn.

Danisco buy-out fails to dent DuPont Q2 earnings

Danisco buy-out fails to dent DuPont Q2 earnings

By Shane Starling

Dupont, which earlier in the year warned that its May $6.49bn acquisition of Danisco would dent its yearly profits, has defied expectations in second quarter results published today.

Nestlé pays out €1.2bn for a majority stake in Hsu Fu Chi

Nestlé pays out €1.2bn for a majority stake in Hsu Fu Chi

By Jane Byrne

Nestlé has paid out bought €1.2bn for a majority stake in leading Chinese confectionery maker Hsu Fu Chi, with the Swiss group flagging up access to extensive production capabilities and a major distribution network as its wins.

Moscow

Symrise: We opened in “record time” in admin-heavy Russia

By Shane Starling

German flavours giant Symrise said its longterm experience with exhaustive Russian paperwork via its Moscow sales and marketing office, allowed it to have its new Russian production facility open in “record time”.

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