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Headlines > Financial

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...

Splenda sales boost trading at Tate & Lyle

Tate and Lyle said today that overall trading had continued to be strong during the last three months boosted by demand for its high intensity sweetener Splenda.

Nestlé expands Romanian biscuit production

Swiss food giant Nestlé has boosted its Romanian production capacity with the installation of a new chocolate wafer production line at its Timisoara-based unit, Joe. The investment reflects the rapid...

Dairy Crest eyes milk supply opportunities, profits on track

Dairy Crest, the UK's second largest milk supplier, has pledged that its end of year results will be in line with expectations, despite turbulent times for its liquid milk division,...

Artisan, premium focus lifts Finsbury profits

UK speciality cake and bread maker Finsbury Foods has recovered well from a rocky 2003, showing just how quickly a company can progress by focusing on premium and indulgence trends...

Cloetta Fazer to close subsidiary in Poland

Cloetta Fazer, the Swedish confectionery group, has finally lost patience with its perennially underperforming Polish unit, deciding to close the Gdansk-based company after failing to elicit an improvement in its...

Campina, Arla announce merger vote setback

Campina, the Dutch dairy co-operative, yesterday informed its member-farmers that the date of a crucial vote determining whether it will merge with Arla Foods has been pushed back, to allow...

Atkins to pull out of UK market

Atkins Nutritionals, the company behind the trendy low-carb diet, is closing its operations in the UK, in a move that seems to herald the end of its presence in Europe...

Pernod profits boosted by 'premiumisation'

A shift towards higher sales of premium products has helped France's leading drinks group Pernod Ricard to post a 5.1 per cent increase in net profits for 2004, shrugging off...

Greggs thrives on image change

Takeaway sandwich and pastry ranges for on-the-go consumers drove up profits and sales for UK bakery retailer Greggs, but the company is working hard to compete in this increasingly crowded...

Campina profits from added-value, but private label slips

Dutch dairy co-operative Campina claims that its annual results are "in line with expectations", despite slashing its milk price payout to member-farmers and registering a decrease in turnover for the...

IAWS cornering specialist in-store bakery

Specialist bakery group IAWS is aiming to benefit from a renewed focus on supplying in-store bakeries across the UK as the company announces a strong profit rise, increasingly driven by...

Campina joins forces with Vinamilk

Vinamilk, the state-owned Vietnamese dairy group, is to form a joint venture with Dutch counterpart Campina which will see the latter group step up its investments in an Asia region...

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