Even if Kraft intends to increase its bid for Cadbury, its latest offer has probably managed to upset both the board and shareholders, says Andrew Wood, senior research analyst at Sanford C. Bernstein.
Rumour, according to the Romans, is a feathered beast with a myriad eyes and tongues. Last week she went bristling through the Danish business pages, spreading the news that Danisco could be bought by a private equity firm.
Leading flavor and scent producer IFF has reported an upsurge in
net income for its second quarter, but lower than expected sales
figures for its fragrance division yesterday provoked a share price
Consolidation in the European fats business likely as Aarhus United
shareholders yesterday clear the way for the merger with number one
Scandinavian fats and oils firms Karlshamns, reports Lindsey
Consolidation in food ingredients continues with Nordic fats and
oil firms Aarhus United and Karlshamns set to merge, creating one
of the world's leading suppliers of cocoa butter alternatives,
reports Lindsey Partos.
New Zealand dairy co-operative Fonterra has upped its share price
offer for Australia's leading dairy company National Foods,
trumping a rival bid from San Miguel Corporation (SMC) and gaining
the unanimous backing of National...
Italian spirit maker Campari has today confirmed that it is
increasing its stake in US unit Skyy Spirits, while earlier in the
week it was the turn of brewer SABMiller to increase its stake in
Italy's Peroni group, writes Chris...
Cargill is to increase its stake in the Romanian edible oils market
with the acquisition of the local company Olpo Podari. And with
another possible acquisition on the cards, the giant US
agribusiness group clearly sees significant...
When Stuart Rose, the new chief executive of Marks & Spencer,
unveiled his plan for turning the company round this week, the
question on most people's lips was whether it would be enough to
stave off a possible bid from his...
Danish brewing group Carlsberg has confirmed that the EU Commission
of Securities and Exchanges has approved its application to delist
its 93.73 per cent stake in Polish subsidiary Carlsberg Okocim from
the Warsaw Stock Exchange.
Two of the UK's troubled supermarket groups head up this week's
round up of news from the European retail arena. Neither Marks
& Spencer nor J Sainsbury have had much to be happy about in
recent months, and, frankly,...
Management at the Royal Schouten group, parent of soy ingredients
business Acatris, has increased its share in the company under a
new shareholder structure designed to allow it to move more easily
on strategic developments, such...
The Romanian chocolate sector looks set to become increasingly
competitive as the third largest player, Kandia, prepares to
finalise a merger with Excelent - a move that will create the
leading producer on the market.
US-based SureBeam, a leading provider of electron beam food safety
systems and services for the food industry, will be out of business
by the end of the week. The company announced today that it has
been unable to reach a restructuring...
Leading Irish food ingredients company Kerry brushed off currency
fluctuations and testing market conditions to post a stable set of
figures for the first six months of the year. The following paper
from Irish stockbroker Goodbody...
Two years after the company went public, $20 billion US oilseed
giant Bunge declares a regular quarterly cash dividend of $0.11 per
share following swiftly on from strong second quarter earnings
announced in July this year.
The world's top cocoa processor, Swiss-based Barry Callebaut, said
on Tuesday that it had suspended efforts to take full control of
chocolate maker Stollwerck after minority shareholders in the
German firm filed a lawsuit against...
Franco-German pharmaceuticals company Aventis continues the
divestment of French speciality chemicals company Rhodia with the
announcement on Tuesday that it has reduced its stake from 25.2 per
cent to 15.3 per cent by selling 17.8...
French company AES Laboratoire, which specialises in tests and
equipment for research into food contaminants, this week registered
a healthy increase in its turnover, thanks mainly to increasing
concerns over safety issues within...
The fact that the new owners of a 15 per cent stake in the Big Food
Group, owner of the Iceland supermarket chain, are from Iceland
themselves has nothing to do with the purchase. It is all about
investing in an undervalued company,...
Ahold has clarified the terms under which it would be obliged to
buy out its joint venture partners in Scandinavia and Central
America following a similar move in Argentina which took its toll
on the group's latest results.
After acquisitions in Italy and Belgium, and reorgansiation in
Greece, Europe's leading retailer has turned its attention to
Spain, where it is proposing to buy out minority shareholders in
its CCC subsidiary.
Talks are rumoured to have taken place between the management of
the UK's Big Food Group and potential investors, but ongoing
concerns about its Iceland supermarket unit may yet scupper any
chance of a buyout.