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Headlines > Financial

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...

Southcorp proposes Foster's wine merger

Southcorp, the Australian winery being stalked by compatriot Foster's, has made a bold suggestion to its would-be acquirer - a merger with the Mildara Blass wine division which would create...

Heinz preparing Russian ketchup market coup

Russia's ketchup market, one of the largest in the world, is beginning to attract the attention of a number of international players keen to take advantage of the sauce's perennial...

Glisten starts to see benefits of 'one-stop shop'

Glisten, the acquisitive UK confectioner, has reported strong first half figures reflecting its rapid growth, but highlighted the increasing cost of integrating its growing number of niche businesses as it...

Danone to double Chinese dairy stake

Danone, France's leading food manufacturer, is to double its stake in China's Bright Dairy and Food to just under 10 per cent, a move expected to herald a ramping up...

InBev shows strong growth as premium focus pays off

InBev is already beginning to see the benefits of last year's merger of Belgian brewer Interbrew and Brazil's AmBev, with volume sales in 2004 growing at more than twice the...

Premier confident of no financial impact from Sudan 1

Premier Foods, the company at the centre of the UK's biggest food product recall, said it was confident of suffering little or no financial impact as a result of the...

Coke mulling Multon takeover

Coca-Cola, whose sugary soft drinks have left it open to accusations of contributing to the global obesity epidemic, has made little secret of its desire to move into product sectors...

Organic write-down reduces Heinz's earnings

Strong sales of ketchup helped keep sales buoyant at Heinz during the third quarter, though a write-down of its investment in Hain Celestial provoked a 25 percent drop in earnings.

WBD merges beverage businesses to cut costs

Russia's leading dairy and juice producer Wimm-Bill-Dann has announced it will merge its juice and water businesses as part of a restructuring plan devised to stop rising transport and raw...

Drinks groups step up investments

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...

Nestlé sees profit growth despite sales downturn

Disposals and currency exchange rates pushed down full-year sales at Nestlé, the world's biggest food producer, but the decline had no impact on profitability, which grew by a healthy 8.1...

Cadbury Schweppes back on track after reshuffle

British confectionery and soft drinks group Cadbury Schweppes is back on the path to growth after the acquisition of confectionery group Adams and a complete overhaul of its US beverage...

Brewers to focus on premium brands, cutting costs

Three of Europe's biggest beer makers have reported mixed results this week, with Scottish & Newcastle, Carlsberg and Heineken all underlining the need to cut costs and increase advertising expenditure,...

CCHBC announces Vlasinka acquisition

Coca-Cola's Greek bottling subsidiary has announced it will buy its way into Serbia's bottled water market as the trend towards healthy living increases the importance of non-carbonated soft drinks, reports...

Thorntons boosted by wider retail sales

British confectionery manufacturer and retailer Thorntons suffered along with most of the UK's retail sector over the Christmas period, but its first half results were buoyed by an otherwise solid...

Troubled waters for Danone

Danone's troubled expansion into the bottled water business continues to hit the headlines, with news late last week that the French dairy group was close to selling its stake in...

Diageo growth curbed by currency impact

Diageo, the world's biggest spirit group, has announced a drop in first half profits, caused by foreign exchange rates, weak demand in Europe and the continued decline of the ready-to-drink...

Italian drinks group joins the list of Chinese investors

International drinks groups have been lining up to invest in China in recent years, but almost all of their acquisitions have been in the beer sector where there are literally...

Back-from-the-brink Merrydown agrees sale to SHS

Merrydown, the British beverage group whose focus on adult soft drinks has helped it overcome the declining fortunes of cider, has agreed to a takeover by SHS, a consumer goods...

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