An influential new report has identified Egypt as one of the “10 emerging markets of the future” though its food industry is predicted to see a dramatic change in fortunes as part of an overall predicted slump in its primary industries over the next five...
Associated British Foods looks to be dealing well with the economic downturn, especially in its ingredients division which, with the bulk of its business outside the UK, has benefited from the weak pound.
The global economic crisis will yield rich pickings for food firms with a strong capital structure. So believes Frutarom, which has reported another quarter of impressive growth figures on the back of its most recent acquisitions splurge.
Tate & Lyle is expecting to report £11m less profit that
predicted for the year ended March 31, as a result of unfavourable
exchange rates against the US dollar, but is still expecting to
maintain levels seen in the first half.
Disposals and currency exchange rates pushed down full-year sales
at Nestlé, the world's biggest food producer, but the decline had
no impact on profitability, which grew by a healthy 8.1 per cent
during 2004. IN order to stay...
Recovery at Dutch retailer Ahold is still well on track, but the
impact of disposals, and the continuing decline of the US dollar
against the euro, pushed down the headline sales figure in 2004.
But with just a few more planned disposals...
Ahold's management remains stoically bullish about the Dutch
retailer's chances of recovering from the double whammy of fraud
and poor performance, but the company's latest set of results show
that the journey is likely...
French retailer Casino saw a slight downturn in growth in the
second quarter of the year, impacted by fewer shopping days and the
cost of revamping its convenience business. But a solid performance
from the discount business in France...
Singing the tune of many a food company operating globally today,
number one flavours and fragrance group Givaudan felt the squeeze
on the gross profit margin as the lower US dollar and sharp
increases in raw materials cut into the...
Ireland's food and drink industry had a good year in 2003, at least
on export markets. The latest data from Bord Bia, the Irish food
board, show that exports were 2 per cent higher in 2003 than the
previous year despite weaker...
Belgian retailer Delhaize is considering the sale of its stake in
Singapore's Stop N Save chain after receiving an offer from an
unnamed bidder. Could this be Delhaize's solution to the problem of
reducing its massive debt...
Carrefour, the world's number two retailer, has made no secret of
its ambitious expansion programme, and with new stores giving a
significant boost to third quarter sales, the company's strategy
cannot be faulted - especially...
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...
Europe's biggest food retail group Carrefour has reported sales
growth of 1.3 per cent for the first half of 2003, even after the
impact of negative currency exchanges. Second quarter sales grew at
current rates for the first...
Metro, the German retail group, has reported sales growth in the
first six months of the year and is predicting further gains for
the full-year. Signs, perhaps, that the German recovery may be on
While currency translation continued to reduce sales growth at
Carrefour in the second quarter, the company posted its first
quarterly sales increase in six quarters last week. A sign that the
worst is now over for the group's...
The devaluation of the Brazilian and Argentine currencies has taken
its toll on full-year sales at French retailer Carrefour, but the
company has maintained its profit forecast as a result of steady
growth in sales at constant exchange...
Last year was a difficult one for Dutch retail group Ahold, at the
profit level at least, but the final sales figures for 2002 were
nonetheless encouraging. But with organic growth rates slowing
considerably compared to 2001, there...