Archives for July 23, 2006

← 2006

Opus Dei, Parmalat and a dead Italian banker

By  staff reporter

A Milan banker linked to the collapse of Italian dairy firm Parmalat has been found dead, after disappearing on his way back from a meeting of conservative Catholic group Opus Dei.

Weekly comment

Vanity fayre: cosmetic foods are not nutraceuticals

Functional foods are generally defined as products imbued with additional nutrients with health-promoting properties. But the industry needs to be wary of foods that present no actual health benefit from piggy-backing on the popularity of the category...

WTO report calls for balanced food subsidies

By  Anthony Fletcher

Government subsidies can be useful instruments in correcting market failures and working towards social objectives but can also distort trade, warned the WTO.

Unlucky Northern Foods issues profit warning

By  Anita Awbi

After six months of sliding sales, rising production costs and now a devastating factory fire, Northern Foods' chairman has warned the year's first-half profits will be dented.

Tesco stalls over grocery market inquiry

By  Anita Awbi

Britain's leading supermarket Tesco is being accused of stalling the Competition Commission's (CC) grocery sector inquiry by asking for extra time to provide evidence of its business practices.

European food giants to shun illegal Amazon soy

By  staff reporter

Europe's leading food manufacturers and retailers are expected to announce they plan to shun soy grown illegally in the Amazon that is resulting in depletion of the rainforest.