The commitment to and achievement of net zero goals must make real business sense for food and beverage companies in the region in order to ensure these remain a key part of business operations as opposed to just fulfilling a trend.
Scandinavian meat processor HKScan has posted a full-year loss after scale-up costs at its new cutting-edge poultry plant in Rauma, Finland, “eroded” results.
Euromonitor International has identified 20 of the most influential megatrends to shape the world by 2030 with analysis on eight megatrends with the furthest-reaching impact on industries and consumers in the years to come.
FrieslandCampina and Facebook have signed a letter of intent for a partnership to make ‘close, personal and relevant connections with families and farmers around the world through mobile'.
The US Food and Drug Administration (FDA) has published draft guidance to assist qualified facilities to comply with a Food Safety Modernization Act (FSMA) rule.
A shopkeeper in Nottingham, UK, has been fined for displaying and selling rotten fruit and vegetables, after an investigation by the Rural Payments Agency’s (RPA) Horticultural Marketing Inspectors (HMI).
More than £20.2bn was exchanged in food and drink business mergers and acquisitions (M&As) in 2014, according to figures from Catalyst Corporate Finance (CCF).
Over 100 food industry leaders and senior directors from Europe, Asia and the Americas will soon convene in Cannes, France for the 2014 Food Vision summit to discuss key issues facing today’s global industry, from sustainability to innovation; alternative...
Social media is a “minefield” and is forcing food manufacturers and retailers to radically change their business systems and the way they manage consumer complaints, according to the boss of a leading food chain traceability and auditing software company.
Major Russian retailers are using bargaining power to ensure heavy private label presence on shelves – hitting smaller domestic brands, Euromonitor says.
Irish dairy giant Glanbia is “confident” of delivering its full year profits target, despite reporting marginal growth for the first nine months of 2012.
Improved performance within Fonterra’s ingredients businesses worldwide has seen the firm announce a record turnover of NZ $19.9bn (€11.6bn) in 2010/11.
Irish dairy and nutritionals company Glanbia has reported a 22.8 per cent increase in annual operating profit, returning the company to pre-recession earnings figures.
Higher sugar prices and volumes have helped boost third quarter revenues at Associated British Foods, signalling continued strong performance into the second half of the year.
German confectionery agents maker Kaul has been snapped up by private equity fund Riverside, which plans to speed international growth for its new ‘hidden champion’.
Food From Britain (FFB) is to wind down its operations as of March
2009, following the withdrawal of funding from the Department of
Food and Rural Affairs (Defra).
A new two-year pilot scheme requiring food establishments to post
hygiene information on their doors was launched this week in a bid
to drive up standards.
Yesterday American-owned Sara Lee reported a massive 77 per cent
drop in third quarter operating profit from $189m last year to $42m
in 2006, impacted by a vast portfolio cull.
British confectionery manufacturer and retailer Thorntons suffered
along with most of the UK's retail sector over the Christmas
period, but its first half results were buoyed by an otherwise
solid performance from products sold...
Building on a stronger start to the year, Germany's third largest
chemicals group reports continued growth into the second quarter
with an increase in demand pushing up sales and earnings for the
period but the firm warned that...
The dominance of the multiple retailers in the UK has had a
devastating effect on the specialist retail sector there, with the
massive buying power of the major chains allowing them to undercut
independent operators at the same time...
Slovenian meat and poultry processor Perutnina Ptuj has announced a
20 per cent increase in its revenues for 2003 on the back of strong
domestic demand - results that are expected to fuel further
expansion outside the domestic market.
Management at Spar, the Germany-based, French-owned retail group,
has reacted angrily to reports in the press last week that it was
considering selling off its discount chain Netto - and not
surprisingly, since the business is by...
The Big Food Group, owner of the Iceland and Booker chains, posted
a slight improvement in first half sales as it continues to
overhaul the business. Most noticeable was a return to
profitability at Iceland, helped by improved sales...
Marks & Spencer, the British retail group, has reported first
half sales growth of 4.3 per cent, helped by a 6.9 per cent gain in
the UK food retail business during the period. Food will continue
to play an important role in the...
In the space of seven days US agri-giant Bunge has not only plunged
deeper into Far Eastern oils but also shed the private label retail
bottled oil business of its edible oil division.
US spice giant McCormick & company posted an improved set of
figures for the third quarter boosted by strong sales, acquisitions
and better distribution.
Sales and profits at Jeronimo Martins continued to grow in the
first half, despite the weak economic conditions in Portugal and
Poland. The disposal of loss-making businesses appears to have paid
off, but the company is not completely...
Burgeoning Irish ingredients, flavours and consumer foods group
Kerry continues on the path to growth this week with the
announcement that it has acquired two food ingredients businesses
in the US for $67 million (€61.9m).
Portuguese retail group Jeronimo Martins has sold its Eurocash cash
& carry business in Poland to an MBO, allowing it to
concentrate on its Biedronka business there.
After a lengthy period of restructuring, the first half of 2002 was
a good one for the UK's Co-operative Group, driven by an excellent
performance from its food retail arm... just the kind of welcome
new chief executive Martin...
Danish food ingredient giant Danisco this week reported a solid
profit of DKK 940 million (€126.4m) in preliminary results for the
year ending 30 April 2002.
Acquisitions in the ingredients and sweeteners sector boosted
sales...
Consumers might be interested in healthy bakery products but are
still not buying enough to merit dramatic changes in the production
for the bakery industry, reports a recent poll carrried out by
BakeryNet.com.
Food manufacturers and retailers face substantial consolidation and
internationalisation over the next five years as they innovate with
brands and retail formats to satisfy changing consumer habits and
demands, according to a report...
German chemicals company Degussa AG has completed most of an
ambitious disposal program after agreeing to a €265 million sale of
its gelatin business, SKW Gelatin & Specialties, to Sobel NV of
the Netherlands.
Italian agro-energy conglomerate Montedison said on Tuesday it is
selling its 56-per cent in starch maker Cerestar to U.S.
agribusiness giant Cargill for 33 euros per share.
The American consumer products company Sara Lee announced on June 4
that it was selling its British baked-goods business to Hibernia
Foods, the Irish...
Transora.com, the eMarketplace for the consumer packaged goods
industry, and GlobalNetXchange (GNX), the business-to-business
online marketplace for the...
