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Headlines > Financial

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...

InBev concedes defeat in battle for Slovenian Union

InBev has spread rapidly beyond the borders of its native Belgium in the last few years, with major acquisitions in Asia, Latin America and Europe. But the world's biggest brewer...

Ter Beke looks to consolidate Benelux dominance

Ter Beke is reported to be interested in buying some of Sara Lee's French and Benelux charcuterie businesses, a move that would further consolidate the Belgian food processor's market presence...

Arla voices concern over Campina merger

Committee members of Danish-Swedish dairy co-operative Arla Foods have voiced concerns over a financial technicality which could throw its approaching merger with Campina into disarray, Tom Armitage reports.

National Starch improves profits for ICI

Sales are down but profits have perked up for chemical giant Imperial Chemical Industries (ICI) with National Starch bringing a considerable chunk to the growth.

Danone weathers water cooler write down as net profits slide

Danone, the French dairy conglomerate, announced today that net profits had plummeted 62 per cent, following the costly €600 million write down of its water-cooler business last month, Tom Armitage reports.

Unilever rejigs management as core brand sales flag

Anglo-Dutch consumer giant Unilever is set to overhaul its management structure - a move which it claims will help restore top-line sales growth and allow it to draw a line...

Lack of integration hobbles four-fifths of manufacturers

A piecemeal approach to investing in a global web of suppliers, producers and distributors can result in significant loss of potential profit, claims a new report.

Krispy Kreme crisis prompts redundancies

The cash-stricken Krispy Kreme doughnut company is to shed a quarter of its workforce in an attempt to overhaul losses as over-expansion and a lack of new products to appease...

US health trend fails to dent PepsiCo snacks

The growth of PepsiCo's savoury snacks business helped the firm to a solid earnings rise in 2004 and also raises new questions about the damage healthy eating trends will inflict...

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