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EU scrutinises Mondelez-Douwe Egberts Master Blenders coffee deal

The European Commission has opened an in-depth investigation of Mondelez International’s proposed $5bn joint venture with competitor coffee firm Douwe Egberts Master Blenders 1753.

FAO: Global food prices have stabilised – for now

Global food prices have stabilised after several years of volatility, according to the Food and Agriculture Organisation (FAO).

Supermarket price wars squeeze more food firms into bankruptcy

The number of UK food companies entering bankruptcy is up 28% this year compared to 2013, according to research from accountancy firm Moore Stephens.

CEO ALAN CLARK INSISTS SOFT DRINKS CENTRAL TO SAB GROWTH STRATEGY

SAB Miller sells Appletiser to Coke in $260m deal as firms ink Africa bottling mega merger

The Coca-Cola Company and SAB Miller have inked a deal to combine their non-alcoholic bottling operations in Southern and East Africa into a $2.9bn turnover business that will accelerate sales...

Top 10 bestselling UK chocolate brands

Mondelez wins with share bags but Mars suffers after downsizing

Mondelez’s Cadbury Dairy Milk continues to solidify its lead as the UK chocolate market’s bestseller, but sales slide for Mars bar and Snickers following downsizing, according to market analysts IRI....

“This is a good move for Raisio. They are the correct parent of this niche brand.”

Raisio brings cholesterol-lowering Benecol home for €90m

“J&J should have sold it 10 years ago,” is one analyst’s appraisal of Finnish agro-food giant Raisio’s buy-back of the licensing rights to its cholesterol lowering, plant stanol-based Benecol brand today,...

Not so sweet? Honey Monster cereal value to plummet €10m

Raisio will reduce the book value of Honey Monster cereal by €10m – a move that comes just weeks after its multi-million brand revamp of the product.

Coca-Cola Hellenic keen to take Monster Energy to ‘big markets’ like Russia

Coca-Cola Hellenic’s CEO says the firm is keen to take Monster Energy into new markets, as its lackluster performance in developed markets led by Italy hit summer soda sales. ...

Dairy Crest to sell dairy assets to Müller in £80m deal

Dairy Crest has agreed to sell dairy assets, including its fresh milk business, to British rival Müller UK & Ireland for £80m (US$127.5m, €102m).

Special K global rebrand set for 2015

Kellogg will overhaul Special K next year to pull the failing brand away from its weight management focus, the company CEO says.

Unilever ‘confidence stronger than ever’, says analyst

Unilever management has never sounded so confident – despite sluggish sales growth, says Shore Capital analyst Darren Shirley.

‘Too early to declare victory’ with Coca-Cola Life: Coca-Cola Enterprises

Coca-Cola Enterprises (CCE) says it is too early to ‘declare victory’ with stevia-sweetened cola Coca-Cola Life after September launches in Britain and Sweden.

Coke's capitulation to the 'new normal', and could a newly graduated MBA run the business? Analysts unpick Q3 2014

Coke appears to be capitulating to the ‘new normal’ operating environment by lowering its revenue and volume growth targets, according to one financial analyst, while disaffected investor David Winters claims...

Coke's Net Income FELL 14% to $2.12bn in Q3 2014 ending September 26

Still waters run deep...and Coke eyes ‘value-added dairy’ growth potential

The Coca-Cola Company CEO Muhtar Kent will today identify value-added dairy as a top target category for still beverage retail value growth through to 2020.

News in brief

Warburtons donates £10,000 to youth charity

UK bread major Warburtons has pledged £10,000 ($15,900) to a youth charity project focused on driving employment.

News in brief

Glanbia clinches Isopure deal

Glanbia has completed its acquisition of US sports nutrition firm The Isopure Company on schedule.

Commodity reports: European Commission

EU cereal harvest to hit 2014 record

The EU cereal harvest will hit record levels this year, driving higher than average exports, says the European Commission (EC).

News in brief

Food Union buys Premia Foods’ ice cream business for €27m

Latvia-based Food Union has agreed to buy the ice cream and frozen foods business of Estonia’s Premia Foods in a deal worth €27.1m, the company said on Monday.

Board member: "We were stupid enough to accept. We should have said no.”

Swedish meat supplier fined for faking export papers: ‘We applied every year, but the agency was weak at negotiating’

Swedish meat supplier Sten Davidsson has been fined more than €45,000 after Taiwanese authorities discovered it had faked export certificates and stamps.

Nestlé sells German baby food brands in infant formula refocus

Nestlé has agreed to sell its Alete and Milasan baby food brands to focus on its infant formula interests in Germany and Austria.

UK food and drink companies see margins ‘flatline’

The largest food and beverage companies in the UK have seen average margins flatline at 5.2% over the past two years, according to research from OC&C Strategy Consultants.

News in brief

Nestlé partners with Cargill, DS Smith, and Google in youth employment initiative

Around 200 companies have joined forces under Nestlé’s ‘Alliance for YOUth’ to tackle youth unemployment in Europe.

Cognition & colours among DSM targets at 2-day Swiss open innovation event

DSM Nutritional Products (DNP) wants to engage with commercial, government and academic entities at a 2-day open innovation (OI) summit with selected participants in December.

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.

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