Swiss food giant Nestlé has announced a first-quarter sales rise of
14.1 per cent to CHF22.8bn (€14.5bn), beating analyst expectations
and reconfirming its full-year target of a five to six per cent
In the wake of Unilever's announcement that it has decided to look
into "strategic options" for its frozen food operations in Europe,
many analysts are speculating about who might have thecash to grab
the whole or parts...
Pork remains the mainstay of the UK sausage, but processors are
using other combinations of meat and flavours such as duck, orange,
lemongrass to tweak the humble banger for more upmarket tastes --
The EU provides the largest amount of trade-distorting support to
farmersas measured by dollar value, with the US a distant second
and Japan adistant third, according to a report this month bythe US
Nestle, the world's largest food company, depended on its pet
business, beverages and ice creams to keep overall sales growth
humming at 5.2 per cent during the first half of the year, although
Europe remained sluggish at 1.5...
With sales growth up and operating profit down in the second
quarter, Belgian supermarket and food group Delhaize serves up
another sign to processors that their western European market is in
Food makers and ingredients firms will benefit from a new European
platform that will prioritise research and development initiatives
to keep the €800 billion food and drink industry
competitive,reports Lindsey Partos.
Nestlé has launched new sweets and biscuits in Russia as intense
competition has forced the firm to invest heavily in what is now
the world's fourth biggest confectionery market, reports Angela
Underlining the massive potential that exists for food makers and
ingredients players in China, new data reveals only about 30 per
cent of food in China is processed, compared to 80 per cent in
western nations, reports Lindsey Partos.
While William Morrison Supermarkets is reportedly on the hunt for a
new chief executive, it has issued another warning that it is
having a hard time digesting its £3.35bn (€5bn) acquisition of
Safeway last year, reports Ahmed ElAmin.
Australia, the world's second largest wheat exporter, may be facing
up to a 30 per cent fall in its grain production this year, says a
report released yesterday by the Australian Bureau of Agricultural
and Resource Economies...
Eastern Europe continues to offer an immediate solution for the
world's major brewers in the face of declining western markets, as
SABMiller cautiously buys up Slovakian brewer Topvar, writes
The first ever survey of research and development (R&D)
personnel across all industrial sectors in Europe reveals most
participants predict there will be little change in their
companies' R&D investment levels over the...
Nestlé, the world's biggest food and drink manufacturer, has
announced a modest increase in Q1 profits after successfully
offsetting rising raw material costs with price increases across
the UK and Continental Europe, Tom Armitage...