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Round-up: Foster's reels in Southcorp

Foster's has Aussie firm Southcorp in the palm of its hand after increasing its stake in the wine company to more than 90 per cent, reports Chris Mercer.

Branded milk buoying UK dairy sales

Strong branded milk lines stepping away from generics, and a rise in porridge, tea and coffee consumption are helping to turn around figures for milk use in Britain.

Court rules in favour of Campina's milk-derived meat alternative

Dutch dairy giant Campina has clearance to call its new milk derivative product Valess a 'meat alternative' but must provide more nutritional information about the recipe on its website, a...

W&DB rises as UK beer hits tough times

Acquisitions have helped Wolverhampton and Dudley Breweries to a solid sales rise in the UK, the country recently named as one of the world's toughest beer markets by Goldman Sachs,...

Kerrygold buoys FY profits at Irish Dairy Board

The Irish Dairy Board (IDB) has shrugged off slashed CAP subsidies and taken advantage of favourable international trading conditions to notch up a steady increase in both profits and turnover...

Cadbury off to 'good start' but tough trading ahead

British confectioner Cadbury Schweppes confirmed today that it remains on track to meet its annual financial targets, although warned of tough trading conditions in the second half, Tom Armitage reports.

Wiseman reassures anxious investors after FY results

Robert Wiseman Dairies has moved to allay its shareholders' concerns after announcing a disappointing decline in the company's full-year profits, stemming from last year's loss of a lucrative contract to...

Confectioner's demise blamed on supermarket squeeze

Scottish confectioner John Millar and Sons has gone into receivership and blamed aggressive pricing from supermarkets for contributing to its demise, Tom Armitage reports.

Carlsberg hit by shrinking Western beer market

Falling beer markets across Western Europe have claimed Carlsberg as their latest victim, handing the Danish brewer heavy losses in its first quarter despite strong performances in Russia and Asia,...

Cadbury takeover tattle sparks share surge

Shares in Cadbury Schweppes, one of the world's biggest chocolate manufacturers, have rocketed - as reports surface that US rival Hershey's, together with a private equity group, is plotting a...

Food agency pulls more Para Red products

The trickle of food products contaminated with the illegal colour Para Red continues in the UK, with the country's food agency identifying nineteen more food products for recall yesterday, writes...

Cadbury stumps up £40m for chocolate factory revamp

Cadbury Schweppes, the world's number two confectionery manufacturer, is to revamp its famous Bournville chocolate-making facility, as demand for its Dairy Milk brand continues to soar, Tom Armitage reports.

Arla, Dairy Crest to profit from UK milk shake-up

UK milk processors Arla Foods and Dairy Crest have had their lucrative contracts to supply fresh milk to UK multiple retailer Morrisons extended - at the expense of rival dairy...

Dairy Crest scrambles after regional dairy co-op

Dairy Crest, one of the UK's leading dairy processors, has confirmed that it is in "advanced discussions" to acquire one of the UK's largest regional dairy co-operatives, Tom Armitage reports....

Marketing and health keep Kellogg rising

Kellogg has increased sales and profits in its first quarter through clever pricing and strong marketing investment, helping the firm to forge ahead in healthy snacks and beat off private...

Tough sugar reform inevitable as EU loses appeal at WTO

Moves to reform the European sugar regime will accelerate after the EU loses its appeal against a World Trade Organisation decision that its handouts to sugar farmers are illegal, reports...

OFT could clear Asda's Somerfield swoop

A bid by Asda for retail rival Somerfield would mark an important new strategy for Britain's number two supermarket, with competition authorities by no means certain to stand in the...

Domecq Update: Constellation in bid talks

Constellation Brands has confirmed it approached Allied Domecq on Wednesday as part of a larger consortium to discuss the terms of a possible counter bid to Pernod Ricard, reports Chris...

UK brewer attacks real ale rebirth

Wolverhampton and Dudley Breweries has signed a deal to buy UK rival Jennings for £45.8 million as the firm defies protestors to capture more of Britain's resurgent real ale sector,...

Constellation to spark Allied Domecq bid war

The battle for Allied Domecq looks set to begin with news that Constellation Brands, the world's biggest wine company, is considering launching a rival bid to the £7.4 billion offer...

Foster's secures Southcorp bid approval

Foster's look set to win its long battle to buy Australian winery Southcorp after grinding down board members' resistance to a deal that could spawn a formidable 'brand Australia' on...

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.

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