Revenue

© iStock / Saklakova

Kerry Group selects new CEO

By Emma Jane Cash

The board of the Irish food and ingredient manufacturer has chosen Edmond Scanlon, the current chief executive of the group’s Asia-Pacific operations, to become the new CEO.

Savola has slashed its dividend after announcing an 80% fall in first-quarter profits year-on-year. (© iStock.com)

Savola Q1 profit plummets 80%, dividend slashed

By Eliot Beer

Saudi food producer Savola has slashed its dividend after announcing an 80% fall in first-quarter profits year-on-year, with food revenues falling 8.6%, brought down by its edible oil operations.

© iStock

Domty gets the cream as profits surge 355%

By Shane STARLING

Egyptian dairy producer Domty is celebrating a 355% year-on-year rise in annual profits, netting US$14.5m, just days after its highly-oversubscribed launch on the Egyptian stock market.

Euromonitor downgrades global growth rates 2 points to 2.3%. © iStock

Global packaged food market set for downturn

By Niamh Michail

Emerging market slowdowns are having a knock-on effect on the global packaged food market, according to market analyst Euromonitor, which has downgraded its growth forecast for the next five years. “It’s understandably of a concern to many in the industry."

Nomad Foods has acquired Iglo Group for about £1.87bn

Nomad Foods reports £392M loss as empire grows

By Alice Foster

Nomad Foods, the new owner of frozen food company Iglo Group, has reported a £392M loss in the six months to June 30 as the investment firm eyes other potential acquisitions.

Bakkavor recently sold its remaining Italian pizza business

Bakkavor sees international sales boost

By John Wood

Bakkavor has boosted turnover and profits for the half-year to June 27, with its international business making up for a decline in UK sales in the second quarter.

Richmond sausage sales were impacted by deep promotional activity

Kerry Foods sales revenue falls by 6.4%

By Alice Foster

Kerry Foods has suffered losses as a result of heavy promotional activity caused by the major multiples in response to the growth of the German discounters Aldi and Lidl.

Spotlight

Follow us

Featured Events

View more

Products

View more

Webinars

Featured Suppliers

All suppliers