Ocean Spray downgraded
Continuing uncertainty and senior management turmoil at cranberry supplier Ocean Spray has led Moody's to downgrade the firm's short-term and preferred stock ratings, with further downgrade possible in the near future.
Archives for August 3, 2003
EU clears ADM purchase of Unilever unit
The European Commission on Friday approved plans by US company Archer Daniels Midland to purchase food giant Unilever's edible oil refining subsidiary VDBO.
Ahold Chilean sale concluded
Ahold has completed the sale of its Chilean unit Santa Isabel to local retailer Cencosud for $77m, much-needed cash at a time when the Dutch group is facing reduced profits as a result of its accounting irregularities.
Australian food ministers agree to policy initiatives
The Australia and New Zealand Food Regulation Ministerial Council met in Perth on Friday, resulting in a number of important policy decisions concerning maximum residue levels, ethylene oxide, GM food labelling and iodine deficiency.
Delhaize sees improvement despite declining sales
Belgian retailer Delhaize is improving slowly, but its business continues to be affected by the weakening of the US dollar against the euro. Nonetheless, the company is hopeful of a better-than-expected performance for the year as a whole.
World food day to fight hunger
The theme of this year's World Food Day will be 'International Alliance Against Hunger,' emphasising the need for global mobilisation to create the political will to eradicate hunger, the United Nations Food and Agriculture Organisation (FAO)...