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Commission has not misled on transatlantic trade impact, says letter to lobbyists

The European commissioner for trade has denied overstating possible economic benefits of the landmark Transatlantic Trade and Investment Partnership (TTIP), according to a response letter to NGO concerns....

Workers ‘devastated’ as 186 KP Snacks jobs face axe

KP Snacks’s plans to close factories at Consett in County Durham and Corby in Northamptonshire, threatening up to 186 jobs, have ‘devastated’ longstanding workers there, according to trades union GMB.

Allied Bakeries creates 27 new jobs

Allied Bakeries (AB) has created 27 new jobs at its Glasgow facility after pumping £8.4M into its new Kingsmill Sandwich Thins production line.

Commission ups CAP budget by €30m to alleviate Russian ban on EU agri products

The European Commission says it will increase its €60m Common Agricultural Policy (CAP) budget by a further €30m to ease market difficulties expected as a result of Russian measures against some European...

FAO warning: Ebola outbreak threatens cereal production in West Africa

The Ebola Virus Disease (EVD) outbreak has threatened upcoming cereal harvests across Liberia, Sierra Leone and Guinea, says the Food and Agriculture Organization (FAO) as it issues a ‘grave food...

10,000 new food and drink jobs on cards, says Bank of Scotland

Investment and growth in Scotland’s food and drink sector will see around 10,000 new jobs created in the region, according to a Bank of Scotland report just a month before...

Serbia vows not to support Russia export boost despite cheese talks

Despite reports it is preparing to up the amount of cheese it ships to Russia, Serbia has vowed not to support an increase in food exports to the country. 

More than 800 job cuts proposed at bakery plants

More than 800 job cuts have been proposed at 2 Sisters Food Group’s Gunstones bakery and Avana Bakeries, previously owned by 2 Sisters and now owned by Utopia Foods.

Chocolat Frey sees off Lindt competition for Swiss Airlines contract

Chocolat Frey has been chosen ahead of other Swiss chocolate makers such as Lindt to produce a small chocolate tablet for Swiss Airlines that it hopes will boost its export...

Guest article

Danone sets its sights on becoming number one in milk formula as it is rumoured to be selling its medical nutrition business

Will Danone silence the rumour mill by selling its medical nutrition business? Euromonitor health and wellness analyst Diana Cowland explains why the sale makes sense for the world's biggest yoghurt...

Diageo’s lackluster 2014 gives CEO Menezes bonus blues

Diageo revealed yesterday that CEO Ivan Menezes, his predecessor Paul Walsh and CFO Deirdre Mahlan took home less than 10% of their possible bonus pot in fiscal year 2014 due...

Fria expands into Ireland

Scandinavian frozen free-from player Fria expands into Ireland as part of its ongoing European growth strategy.

Guest article

Red Queen Rules: Understanding nutra space acquisition and evolution

By analysing the long-lasting commitments and acquisition activity of major companies Dr Matthew Jones at CPL Business Consultants uses the Red Queen theory to develop an understanding of their corporate...

Breaking

Weetabix announces 30 redundancies

Weetabix will make 30 roles at its Northamptonshire sites redundant in response to increasing pressure from supermarket own-label products and the discounters, it has announced.

DSM Q2 nutrition profits slip 11% as key markets struggle

Sales slipped 6% and net profits 11% in Q2 for DSM’s human and animal nutrition arm as adverse currency movements, a slow US vitamins and omega-3 food supplements market and...

Kellogg provided over 500,000 Nutri-Grain bars to the Commonwealth Games

Kellogg was one of the last companies to join the sponsors’ family of the Glasgow 2014 Commonwealth Games. It supported the Games by providing over 500,000 Nutri-Grain bars to the...

German choc firm shifts packaging to Poland in search of cheaper labor

Hachez, owned by the Danish Toms Group, will move part of its packaging production from Germany to Poland in an attempt to claw back some of its recent losses.

DSM reads 'fini' in green tea and leaves it to Japanese

Dutch-Swiss ingredients giant DSM Nutritional Products (DNP) has called ‘time’ on Teavigo, a decade after launching the proprietary, weight management-focused green tea extract.

News in brief

Bridges Ventures acquires controlling stake in Wholebake

UK investment firm Bridges Ventures will bolster capacity and brand development at Welsh energy bar specialist Wholebake.

Hovis bakery to close with loss of 200 jobs

The Hovis bakery in Leicester is to close by next January with the loss of 204 jobs.

EU-Ecuador trade deal to open fish, fruit and coffee doors?

Ecuador has signed an EU tariff-free trade agreement, joining Andean neighbours Peru and Colombia five years after it initially rejected the tie-up.

IAHS: “VAT on health food supplements would be a tax on health.”

Irish 23% health tax hike: Herbals, glucosamine, coQ10, probiotics remain in firing line

Proposals to push VAT (value-added tax) on some health food supplements and teas to the maximum upper bracket of 23% will discriminate against healthful products, according to The Irish Association of Health Stores (IAHS). ...

Guest article

Does Unilever’s Slim-Fast fail signal the end of weight management as we know it?

Fourteen years after Unilever spent $2.3bn (€1.7bn) to buy Slim-Fast, it has sold up for an undisclosed sum to a private equity player. Analyst and author Julian Mellentin tracks the...

News in brief

Unilever sells Slim Fast to private equity firm Kainos Capital for undisclosed sum

Unilever has sold its Slim Fast weight management brand to private equity firm Kainos Capital, but will retain a minority stake in the business. 

Fox’s Biscuits eyes premiumization to halt sales declines

UK firm Fox’s Biscuits plans to overhaul its brand image to boost domestic sales by 20% over the next three years and triple its exports, according to new managing director...