A Greek exit from the euro could lead to a strong export boom – or it could lead to a depression and hurt eurozone growth, thus wiping out export demand, according to Euromonitor economist Daniel Solomon.
Kerry Group is set to continue to reap the benefits from health and wellness trends, and, in particular, can continue to leverage the industry’s ongoing salt, fat and sugar reformulation efforts, claims an analyst.
France and Germany have emerged from recession but the global nature of the food industry may mean it takes longer to recover than other sectors, according to a senior economist at Wageningen University.
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.
Swiss food giant Nestlé has boosted its Romanian production
capacity with the installation of a new chocolate wafer production
line at its Timisoara-based unit, Joe. The investment reflects the
rapid growth of the Romanian snack market,...
Improved flavour sales in Europe gaining from modest gains in
currency conversions boosted first quarter results for the US
flavour giant International Flavors & Fragrances (IFF).
Strategies in 2003 to get the company back into...
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...
Leading Lithuanian baker Vilniaus Duona Plius, has purchased a 40
per cent stake in rival Panevezio Duona, boosting its previous
holding in this northern Panevezys-located company to 95 per cent.
However, further costs incurred by...
One less Saturday than in 2001 had a significant effect on French
hypermarket and supermarket sales in December, according to the
latest figures. A Saturday in December can often see sales 35 per
cent higher than in the rest of the...
Expanding its Plus discount supermarket fascia in Spain and
Portugal, and good performances from non-food subsidiaries KiK and
OBI, helped Germany's Tengelmann group to a solid increase in sales
for 2002, despite difficult economic...
Those European retailers with the biggest international spread -
Carrefour and Tesco - top the latest rankings, but the continued
downturn in the global economy means that this policy of expansion
is not without its risks, according...
French industrial output remained flat in November after hefty
drops in the preceding two months, while manufacturing output
continued to slide, but by a gentler 0.3 per cent, French
statistics office INSEE said on Tuesday.
President of the UK National Farmers Union Ben Gill has written to
European Agriculture Commissioner Franz Fischler urging the
European Commission to drop a proposal aimed at forcing down EU
Deputy President of the UK`s National Farmers Union (NFU) Tim
Bennett this week expressed his anger to UK DEFRA Minister Lord
Whitty at proposed action by the European Commission to force down
EU cereals prices.