Danisco’s fine Q3 results may make some investors less willing to sell, believing the company can bring profit alone or that DuPont may be persuaded to raise its offer, say commentators.
German flavour and fragrance manufacturer Symrise remains confident of seeing growth for the remainder of this year and next, despite the financial downturn which is gripping the world markets.
US-based Hershey yesterday posted a Q4 operating profit drop of 65
per cent, as high commodity costs, restructuring charges and
competitive US market conditions continue to dog the confectionery
giant.
Controlling costs with an iron hand and upping sales prices has
helped Danisco's ingredients division towards Q1 growth, against an
overall profit dip as a result of ongoing sugar reform.
The effects of last year's hurricanes are still making themselves
felt in the orange juice industry, where the price of juice is
rising, reports Philippa Nuttall.
Danish enzyme group Novozymes this week reported continued business
growth for the first half of 2002 with an increase in the net
turnover of 8 per cent to DKK 2,715 million (€29.2m) compared to
DKK 2,508 million for the sameperiod...
French food group Danone reported a 6.5 per cent rise in first-half
profit on Wednesday and an advance in operating margins despite
higher raw materials costs.
