Acquisitions have driven AAK’s operating profits to a ‘historic high’ with net sales up to SEK 17,814m (€1.9bn).
Unilever share prices surged more than 4% within a few hours of the company announcing that its first quarter sales had risen 12.3% to €12.8bn, exceeding expectations.
Nestlé could net up to €300m from the sale of Davigel, as the world’s biggest food company continues to refocus its business activities in to higher value areas, an industry...
France's Solina Group will acquire the industrial flavouring division of Paulig to increase its presence in Nordic countries and Russia, the company has said.
Nestlé has opened a production factory in Vietnam to meet rising consumer demand for decaffeinated coffee, it said.
Colours company DD Williamson (DDW) has announced expansion plans with the opening of a new production site in Cork, Ireland.
On the back of a deal with a ‘strong’ equity partner, Barentz International will use the additional funds to accelerate growth in its key markets in Europe, India, China and Asia Pacific,...
The drop in corporation tax, promise of increased investment funding and support for British farmers in the 2015 UK budget were largely supported by British food and drink manufacturers.
Lidl’s proposed 41,806m² new distribution centre would create up to 500 jobs and be the discounter’s 11th in the UK if plans were approved.
Market demand for stevia last year increased PureCircle’s half-year sales by 24%, the company has said.
Empowering women in small-hold agriculture is essential to boosting productivity, creating new product launches and generating business - and companies are starting to realise this, says a Fairtrade Foundation report.
The Irish agri-business Aurivo Co-operative Society has acquired London-based sports nutrition company My Goodness Ltd in an attempt to gain access to the protein drinks market.
Growth at the fragrance and flavour company was fuelled by the acquisition of the Diana Group and a particularly strong quarterly earnings beating forecasts, said the company.
Finland’s Paulig Group has mooted a plan to close a Swedish factory in Sweden that produces Tex Mex potato chips and consolidate production in Belgium.
Global food prices have dropped to their lowest level since July 2010, according to the United Nations’ Food and Agriculture Organisation (FAO).
Müller UK & Ireland has appointed Bergen Merey as md of its Müller Dairy business.
PepsiCo Russia and Coca-Cola Hellenic have both announced plans to shut down beverage plants in Russia, with Coca-Cola telling BeverageDaily.com the company has to enhance its competitiveness in ‘the new...
Nestlé UK & Ireland is launching a joint internship scheme with Twitter, a programme that will help it draw in talent from previously untapped areas.
Sweden’s National Food Agency (NFA) said that it is set to undergo an image makeover to make keyhole nutrition labelling “cooler” for its citizens.
Nestlé says it will remove artificial flavors in confectionery across Europe, but refuses to confirm whether it will implement European price hikes to offset declining confectionery margins.
Nestlé CFO Wan Ling Martello says Nestlé Pure Life remains a key growth engine for the company’s Nestlé Waters business, with especially strong growth in North America, UK and emerging...
Gluten-free (GF) food manufacturers would be hit hard by taxes on high fat, salt and sugar (HFSS) content, as calls to make food and drink healthier would leave the sector...
Coca-Cola Hellenic boss Dmitris Lois said today that Nigeria remains a ‘key growth driver’ for the group despite the negative effects of terrorist group Boko Haram on its operations in...
Coca-Coca Enterprises boss John Brock says detractors ‘don’t understand’ how safe aspartame is, and insists that diet soda sales remain strong – growth for Coke Zero offset a 5.5% full...
Pernod Ricard CEO Alexandre Ricard admits that Absolut is under pressure in a ‘very challenged’ US vodka category where flavored varieties in particular are struggling.