UK chemicals giant ICI closes on a €305 million deal with Irish
food and ingredients firm Kerry to shed the struggling ingredients
arm of its flavours subsidiary Quest International. In the same
week, the ICI group - that includes...
In one of the EU's most expensive food retail markets, Sweden's
Axfood group is to merge its supermarket and convenience store
businesses in a bid to cut costs and lower its prices - vital if it
is to see the same level...
Britain's number one food retail group Tesco surged further ahead
of its rivals in fiscal 2004 with double-digit increases in both
sales and profits. Performances improved in all four of Tesco's key
growth sectors, and with...
Despite a 'challenging' year that saw profit before tax falling by
24 per cent for the first six months, UK flavours company Treatt
has reined in results posting a steady, erring on grey, set of
figures for the year.
French meat processor Duc saw turnover slump by nearly 12 per cent in the first half of the year, as it felt the impact of competition from both cheaper and more expensive products.
Aarhus Oliefabrik, baptised Aarhus United by the company's board on
Monday, felt the negative impact of currency rates and a sharp drop
in demand for bulk oils with results for the first six months of
2003 delivering a sharp...
German speciality chemicals company Degussa sees a downturn in
profits and sales as it fails to realise the potential of its
restructured activities in the current economic climate.
A robust second quarter for flavour and fragrances multinational
Frutarom, announcing a rise for both sales and profits and
completion of its acquisition of the Swiss natural extracts company
Emil Flachsmann.
Dutch life science company DSM today posted a net profit of €959
million. Although DSM Fine Chemicals posted slightly lower sales
and a lower operating profit, attributable to the pharma products
and aspartame businesses, DSM Food...
Several major acquisitions and the sale of numerous UK pubs
adversely affected results at Scottish & Newcastle last year.
But this masks the underlying strengths of the group which is
expected to increase its international presence...
Despite tougher trading conditions UK food and food ingredients
business Associated British Foods (AB Foods) reported on Tuesday
that operating profit had risen 14 per cent for the first 24 weeks
ended 1 March 2003 to £204 million....
Guyenne & Gascogne, the retail group which is the leading
franchise holder for Carrefour in France, has reported a solid
increase in sales for 2002 helped by store expansions and synergies
created by Carrefour's 2000 merger...
Leader Price discount stores and Monoprix city centre supermarkets
were among the main drivers of growth for Casino, the French food
retailer, in 2002. They will also drive growth in 2003, but a
recovery at Dutch unit Laurus is also...
Dutch speciality chemicals company DSM continues on its steady path
to growth with the announcement today that operating profit for
2002 reached €383 million, a 14 per cent rise on 2001, thanks in
part to 6 per cent autonomous volume...
The average food ingredients company in the UK over the past three
years has seen sales decrease, a fall in profits, and contractions
rather than growth marking many areas of business. On a positive
note, the food ingredients industry...
Double-digit growth in underlying profits in the first half have
left the UK's number two food retailer Sainsbury bullish about its
prospects for full-year growth. And new store formats, an increase
in the range of non-food items...
Hyparlo, the Carrefour franchisee with 12 stores in France, has
reported strong sales in the first half, and is counting on further
improvements in the remainder of the year.
Anglo-Dutch consumer products group Unilever raised its 2002
forecast on Wednesday and reported a larger-than-expected 31 per
cent increase in second-quarter core earnings.
