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Headlines > Financial

Finnish snacks giant Paulig considers axing Swedish Tex Mex chips site

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.

Food prices drop to lowest in five years, says FAO

Global food prices have dropped to their lowest level since July 2010, according to the United Nations’ Food and Agriculture Organisation (FAO).

News in brief

Müller Dairy appoints new boss

Müller UK & Ireland has appointed Bergen Merey as md of its Müller Dairy business.

PepsiCo and Coca-Cola Hellenic announce Russian beverage plant closures

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 #notjustaboutfood! Multinational launches internship contest with Twitter

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 to make keyhole “cooler” for consumers

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 to dump artificial flavors in Europe, but tightlipped on price hikes

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 Pure Life ‘growth engine’ keeps waters business ticking over

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...

Business Leaders' Forum

Gluten-free sector would be hit hard by sugar and fat taxes

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 shrugs off Boko Haram terrorist trouble to maintain Nigeria growth

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-Cola Enterprises boss: ‘Detractors don’t understand how safe aspartame is’

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 glosses Absolut sales slide: ‘The US vodka category is suffering’

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.

236 jobs saved: Baronie acquires Ashbury Chocolates

Baronie has acquired UK private label chocolate firm Ashbury Chocolates, which entered administration earlier this month.

Heineken’s tribute to Sophrosyn: No and low-alcohol innovation helps brewer hit €1.5bn jackpot

Heineken says moderation is increasingly important for today’s consumers as its growing no- and low-alcohol beer portfolio helped deliver €1.5bn in innovation-related sales in 2014.

‘Security is a concern, but soft drinks growth is still strong in MENA’ – Euromonitor International

Despite regional security concerns, attractive soft drinks sales growth in the Middle East and North Africa still entices manufacturers, according to Euromonitor International.

Aujan Coca-Cola Beverages aspires to be ‘total beverage, multi-country, powerhouse’

The Aujan Coca-Cola Beverages Company plans to invest $500m over the next three years to drive sales of soft drinks including flag brand Ravi in the Middle East, North Africa...

Müller cuts milk price to remain competitive

Müller UK & Ireland aims to cut its milk price from 24.15ppl by 1.75ppl from March 5, 2015 in a bid to remain competitive.

Guest article

Why start-ups will drive the future of health & wellness

Good news for would-be entrepreneurs – and even for executives inside big companies who long to create something new. In health and wellness, it is start-ups that are taking the...

Dispatches: ISM/ProSweets 2015

Europe to pull in 25% of sales within five years, says Beanitos

US bean chip brand Beanitos is looking for co-packers and distributors to kick-start European expansion where it wants to pull in one quarter of total sales within five years.

Companies crave category leadership, but Euromonitor warns against 'war is won' illusion

Companies crave category leadership but too much market share risks stymying food and beverage innovation within large firms, as well as the illusion that ‘war is won’, a Euromonitor analyst...

Cost, cynicism and frustration: Malaysian government launches own palm oil standard

The Malaysian government has launched its own sustainable palm oil certification standard – but will this add to or detract from sustainability and transparency efforts in the sector?

Bend baijiu like Beckham: Diageo talks up Chinese turnaround but sales keep falling

Diageo chief Ivan Menezes today talked up the company’s turnaround plan for ‘challenged market’ China – where the company is betting on Beckham-backed Haig Club whisky and lower-cost baijiu -...

MULTINATIONAL INSISTS IT VALUES 'OPEN AND FAIR' SUPPLIER RELATIONS

‘Broken big business ethics’: Diageo attacked for extending supplier payment terms

A UK-based small business lobby today attacked drinks giant Diageo for extending payment terms to new suppliers from 60-90 days under what the former claims is the cover of a...

BEVERAGE BITES: 19/01/15-23/01/15

Refresco Gerber under hammer for $1.7bn, Coke splashes cash on London Eye

Here’s what made the headlines during the working week commencing Monday January 19 2015, in our new section Beverage Bites, which brings you the best bite-sized beverage news.

Durum shortage drives German firm to find pasta alternatives

Massive predicted durum wheat losses have driven German firm to research alternative formulation options for pasta manufacturers.

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