JBS has reported an 80% year-on-year drop in net income

JBS net income drops in second quarter

By Aidan Fortune

JBS suffered a mammoth 80% year-on-year drop in income for the second quarter of the year, due to growing net financial expenses. 

Irish poultry processor Manor Farm is to be taken over by Scandi Standard

Scandi Standard to buy Irish poultry firm

By Aaron McDonald

Nordic chicken group Scandi Standard has a reached an agreement to purchase Ireland’s largest chicken processor, Manor Farm, for €94 million (m). 

© 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.

JBS brand Seara saw export revenue drop by 5% thanks to rising cost of raw materials

JBS profits rise but headwind intensifies

By Oscar Rousseau

Brazilian meat business JBS posted increased net revenue for the second quarter of 2016, but said it faced “significant cost increases” in raw materials, particularly in Brazil.

Savola Q1 profit plummets 80%, dividend slashed

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%


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.

Mondelēz resolves French retailer backlash over wholesale price hikes but loses some distribution in the process

French trade dispute dents Mondelēz Q3 earnings

By Annie Harrison-Dunn

Mondelēz International third-quarter earnings fell 11% compared to last year due to disputes with French retailers over wholesale pricing changes and 'soft' developed market demand.

Photo credit: Philip Taylor.

Geopolitics hit Naturex first half results

By Annie Harrison-Dunn

French botanicals giant Naturex said first half results had been dented by a difficult macroeconomic environment and exchange rates, despite restructuring and acquisition moves.

Coca-Cola Enterprises shrugs off Pepsi GB surge and Suntory arrival


Coca-Cola Enterprises shrugs off Pepsi GB surge and Suntory arrival


Coca-Cola Enterprises (CCE) insists analysts take a ‘mid-term perspective’ after Pepsi took volume and value share from Coke in Great Britain in Q3 2013 and says it is too soon to assess Suntory’s likely market impact.

Cherkizovo has reported strong Q3 performance

Cherkizovo hit by rouble, despite strong sales

By Nicholas Robinson

Russian meat processor Cherkizovo has recorded a healthy sales increase of 6% for the nine months of 2012, despite an underwhelming price performance in its red meat divisions, caused by the weakening of the rouble.  

Greencore boss Patrick Coveney described 2012 as 'a breakthrough year'

Greencore reports ‘breakthrough year’

By Mike Stones

Chilled food manufacturer Greencore has reported “a breakthrough year”, with revenue up 44.5% to £1,161.9M due to acquisitions and “business momentum”, for the full year to September 28 2012.

Parmalat eyeing double digit growth for 2012

Parmalat eyeing double digit growth for 2012

By Mark Astley

Parmalat has reported double-digit revenue and profit growth for the first nine months of 2012, driven by strong performances by its US, Canadian, Australian and Russian segments.

Meat helps drive strong Q2 performance for Walmart

Meat helps drive strong Q2 performance for Walmart

By Carina Perkins

Retail giant Walmart has reported strong sales in the second quarter of fiscal 2013, driven partly by outstanding performance from the company’s meat department in the US.

Burger King reports big income growth

Burger King reports big income growth

By Carina Perkins

Burger King has reported a whopping 60% growth in net income for the first quarter of 2012, attributing its strong performance to menu expansion and international development.

Kerry results boosted by recent acquisitions

Kerry results boosted by recent acquisitions

By Nathan Gray

Kerry Group’s 2011 acquisitions have performed well for the ingredients and flavours giant, boosting its Q1 results despite challenges in trading conditions.

Mixed Q1 results for beverage giants

Mixed Q1 results for beverage giants

By Joe Whitworth

Ball Corporation and Silgan Holdings have reported mixed Q1 results with each identifying differing factors that drove performance.

Danisco acquisition provides bright spot for DuPont in 2011

Danisco acquisition provides bright spot for DuPont in 2011

By Caroline Scott-Thomas

DuPont benefited from last year’s acquisition of Danish specialty food ingredient company Danisco in the fourth quarter of 2011, as revenue more than doubled in its nutrition and health business – although the chemical group’s overall profit fell slightly.


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