Business

Nestlé notes double-digit growth in emerging countries

Nestlé performance in Europe surprises analysts

By Jane Byrne

Nestlé’s sales for the nine months to the end of September rose 7.3% to reach CHF60.89bn (€49.24bn), slightly short of expectations, but its positive European performance blindsided analysts.

Kraft shares €9m fine for German cappuccino cartel activity

Kraft shares €9m fine for German cappuccino cartel activity

By Ben Bouckley

Coffee roasting firms Kraft and Krüger have been hit by fines totaling €9m for allegedly fixing instant cappuccino coffee prices in Germany, activity that the nation's federal competition agency said most likely meant higher consumer prices.

Danone feels the heat with ‘flat’ Russian sales

Danone feels the heat with ‘flat’ Russian sales

Last year's severe summer drought in Russia has hit Danone’s third quarter (Q3) 2011 dairy sales in the country, with the French company forced to raise prices to end consumers due to higher ingredients costs.

Givaudan confident about price increase strategy

Givaudan confident price hikes will offset crippling input costs

By Jane Byrne

Flavours and fragance house Givaudan, while posting third quarter results, said its decision to increase its prices will soften the impact of higher raw material input costs for products such as citrus and orange oil in 2011 and fully cover them in 2012.

Mu product development. Adams Foods has signed a deal with Tesco to distribute its new cheese range

Cheese blaze firm gets back to business with Tesco deal

By Mike Stones

Adams Foods is launching a new cheese brand called Mu in partnership with retail giant Tesco less than a month after a devastating blaze wrecked its cheese warehouse at Wincanton Business Park, Somerset.

Nestlé gets the green light for UK expansion

Nestlé gets the green light for UK expansion

By Michelle Knott

Nestlé’s scheme to expand operations at its Product Technology Centre in York cleared the final hurdle last week at a planning meeting of City of York Council.

Chilled and frozen meals are showing tasty growth

Ready meals demand boosts sales for Laila’s

By Rod Addy

Laila’s Fine Foods is reporting substantial growth in frozen and chilled ready meals as Mintel figures suggest the UK market is experiencing significant growth.

Rocket Fuel re-enters UK market

Rocket Fuel re-enters UK market

By Ben Bouckley

Food Brands Group has re-launched its Rocket Fuel coffee product, which comes packaged in self-heating cups, onto the UK market.

Nestlé battles Kraft to retain global hot drink dominance

Nestlé battles Kraft to retain global hot drink dominance

By Ben Bouckley

Despite its status as the world’s largest hot drinks manufacturer, Nestlé faces a tough battle for global dominance with Kraft in coffee due to the rising popularity of fresh coffee, according to Euromonitor International.

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.

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