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FoodNavigator.com scoops industry award

BeverageDaily.com's sister site FoodNavigator.com has won website of the year in the 2005 Business Food and Drink Journalism awards.

Pernod seals Allied Domecq bid deal

Allied Domecq has advised shareholders to accept a bid for the company by Pernod-Ricard worth £7.4 billion, as the latter prepares to shed brands to form the world's largest wine...

Arla, Campina disband prospective dairy deal

Arla Foods and Campina, two of Europe's largest dairy co-operatives, have abandoned their much-hyped plans to merge, after failing to secure the confidence of their respective boards, Tom Armitage reports.

Coke reports profit drop amid shareholder unrest

Coca-Cola reported an 11 per cent drop in first-quarter profit, and experienced growing shareholder unrest at its annual meeting yesterday.

Pernod plotting quick Allied Domecq offer

Pernod Ricard and Fortune Brands may be planning a formal takeover bid for the world's second biggest spirits firm, Allied Domecq, as soon as Thursday, according to a report in...

Yeast unit brings gains to ABF

South American and Asian yeast markets bring strong gains in the first half, offsetting weaker markets in the US and Turkey, London-based sugar and ingredients group Associated British Foods reports...

EU split scuppers new wine tax

The EU's main wine-producing countries, led by France and Italy, this week torpedoed discussions to raise the minimum excise duty on all alcoholic drinks, fearing a domestic backlash from vintners,...

Raw material costs hit PBG quarterly profits

Rising raw material price rises have contributed to a significant dip in first quarter profits for the Pepsi Bottling Group.

CSM sheds BakeMark Sweden to equity group

Dutch bakery ingredients leader CSM continues to shed activities in non-core countries, selling off its Swedish subsidiary BakeMark Sweden to private equity group Accent, Lindsey Partos reports.

Fonterra exits National Foods bid, San Miguel triumphs

New Zealand dairy co-operative Fonterra announced today that it has pulled out of the three month bidding war to buy National Foods, crowning San Miguel the new owner of Australia's...

Flavour sales fall for Givaudan in Q1

Givaudan, the world's number one fragrance and flavour player, saw sales in its flavour division slipping by 6.5 per cent for the first quarter, impacted by a loss of products...

DSM revises profit forecast upwards

DSM, the world's leading producer of vitamins, said yesterday that operating profits in the first quarter would be significantly better than previously forecast, at 40 per cent higher than in...

Danisco extends timeline for Genencor buy, again

Danisco's move into the number two enzyme position delayed for the second time as German regulators pose questions on anti-trust issues.

San Miguel wins over National Foods' board with revised bid

San Miguel, the Philippines food and beverage group, has trumped a rival bid from Fonterra, the world's biggest dairy exporter, to buy Australia's National Foods, Tom Armitage reports.

Coke buys up Bulgarian mineral water company

Coca-Cola Hellenic Bottling has acquired a 100 per cent stake of Bankia, one of the leading Bulgarian natural mineral water companies, in a move that further expands the company's presence...

Pernod and Fortune in talks to buy Allied Domecq

Allied Domecq, the world's second biggest spirits company, has confirmed that it is in talks with Pernod Ricard and Fortune Brands over its possible sale, a move that emphasizes the...

Accession recruitment plan to halt dairy dropout

The Milk Development Council (MDC), the government-appointed marketing body for the UK milk industry, has issued advice to farmers on recruiting labour from EU-accession member states - as the number...

Coca-Cola invades Russian juice sector

Iconic soft drinks firm Coca-Cola, hit by slowing sales of its trademark fizzy cola, is set to buy up a leading fruit juice producer in Russia, handing the firm key...

RHM re-jig ends McDonald's partnership

British food group RHM has confirmed it is in advanced talks to sell its Golden West bakery, ending a troublesome supplier relationship with fast-food giant McDonald's and streamlining the company's...

Parmalat suffers public floatation setback

Parmalat, the bankrupt Italian dairy group, has had its proposal to relist on the Italian stock exchange rebuffed, after Italian stock market regulator Consob raised questions yesterday over its future...

DSM divests HVP business to focus on yeast extracts

DSM, the largest fermentation company in the world, sheds its HVP business to industry conglomerate Oterap Holding in a bid to focus on core activities, writes Lindsey Partos.

Aarhus sell off likely in April

The sale of Danish cocoa butter replacer Aarhus United is 'taking longer than anticipated' with news today that the majority stakeholder is still waiting to confirm a buyer, Lindsey Partos...

Lack of understanding holds back RFID adoption

A perceived lack of standards and an unrealistic understanding of cost implications are still hindering the adoption of RFID technology amongst many UK organisations, according to a panel of experts...

Dairy farmers to benefit from milk price hike

Dairy Farmers of Britain (DFOB), one of the UK's largest milk processors, announced last week that it is to increase the price it pays farmers for their milk, with a...

Wiseman ups farmgate milk payout, sales on track

UK milk processor Robert Wiseman Dairies has confirmed that its full year results will be in line with analysts' expectations and has pledged to up its average farmgate milk price...

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