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Kerry Foods sales revenue falls by 6.4%

Kerry Foods has suffered losses as a result of heavy promotional activity caused by the major multiples in response to the growth of the German discounters Aldi and Lidl.

Global food prices drop to 6-year low

Dairy and vegetable oil price drops have led the FAO Food Price Index to its lowest level in six years.

Financials update: Symrise reports strong H1 as Novozymes disappoints

German fragrance and flavour company Symrise reported a 38% jump in first half profits, while shares in Novozymes fell as much as 10% after the Danish enzyme giant lowered certain full-year expectations.

UK law to fight slavery in big firm supply chains

New legislation will require all large firms in the UK to report on their fight against slavery in the supply chain - but experts say the 'opt out' clause means...

Don't count on industry goodwill: Tax for healthy, sustainable food

Don’t count on industry goodwill or informed consumers for a healthier, sustainable food system – it's time to try food taxes, says one report.

CPF Netherlands set to seal €614m Russian food processor

Charoen Pokphand Foods (CPF) is set to expand its Russian presence with the acquisition of an integrated poultry business from Dutch firm Agro Invest Brinky for €614m ($680m).

UK government pledges £7 billion boost to exports

Over 100 more protected names for British food, more research for food innovation and less red tape will give a £7 billion boost to exports, the UK prime minister says....

Price war fallout to worsen as retailers produce their own goods

Manufacturers are already on the brink but they now face a "nightmare scenario" as more retailers begin producing their own goods, says a market report - so what can industry...

News in brief

Perrigo invests in €30m German meal replacement player

Irish pharma giant Perrigo has paid an undisclosed sum for Germany’s second biggest food supplement player, Yokebe, which specialises in meal replacements.

Cargill must sell German plant to finalize ADM chocolate deal, says European Commission

The European Commission has approved Cargill’s acquisitions of ADM’s chocolate business on the proviso it sells a plant in Manheim, Germany.

Me and my factory

Why United Biscuits had to invest £50M

United Biscuits has pumped millions into its flagship Harlesden site. Kevin McGurk tells Nicholas Robinson why the investment had to be made

MEPs back TTIP but reject investor clause

MEPs have voted through a resolution supporting TTIP on condition the ISDS clause is replaced – but the proposed replacement has drawn criticism.

What Greek ‘no’ vote means for food manufacturers

British food and drink manufacturers could find themselves “priced out of Eurozone markets” , after the Greek people voted decisively to reject an international bailout in Sunday’s referendum, sparking fears the...

News in brief

FDE elects new president

Gilles Morel, regional president for Europe and Eurasia of Mars Chocolate, has been elected president of FoodDrinkEurope for a three-year mandate.

patent watch

Nestlé files patent for pregnancy probiotic

Nestlé has filed a patent for probiotics to be taken during pregnancy and lactation, which it says help reduce the risk of allergies for the infant. 

El Niño set to disrupt key commodities in 2015

El Niño 2015 is underway and set to hit wheat, coffee and sugar cane production leading to volatile prices, warns a Rabobank report.

Grupo Bimbo to sweeten Spanish hold with Panrico acquisition

Grupo Bimbo is clearly looking to stretch into sweet bakery with the acquisition of local bakery Panrico SAU in Spain and Portugal, says Mintel.

Young’s lost Sainsbury contract risks hundreds of jobs

Hundreds of jobs at Young’s Seafood could be at risk, after the manufacturer lost a key contract to supply Sainsbury with salmon.

Russia to extend ban on EU food imports until Jan 2016

Russia has confirmed it plans to extend a ban on Western food imports until early 2016 and may add new products to the list of banned goods, officials have said.

Finsbury completes acquisition of Just Desserts

Finsbury Food Group has completed its acquisition of foodservice supplier Johnstone’s Just Desserts, saving 150 jobs at the firm, after buying the business out of administration.

European court throws out botanicals complaint

Trade groups lose EU court battle against health claim regulation

The European Court of Justice (ECJ) has rejected a joint plea from the UK Health Food Manufacturers' Association (HFMA) and the Dutch NPN for the permitted health claims list regulation to...

Food firms ‘to face higher costs after EU exit’

Food and drink manufacturers would face higher long-term costs if Britain quits the EU, but the move would have less impact on business than some “scare-mongering” reports suggest.

Guest article

It's time to end EU’s botanical Babel, says expert

The EU is old enough and ugly enough to get itself out of its botanical rut, so what's the hold up? Dr Luca Bucchini, managing director of Hylobates Consulting, asks.

Commission, UK and Gates Foundation put big nutrition cash on table

The Bill & Melinda Gates Foundation has pledged €689m to help tackle malnutrition as the European Commission announced €23.5m for a new nutrition initiative and €3.5bn by 2020.

Seaweed in focus

What will it take to make Indonesian seaweed competitive?

Indonesia has ambitious plans to add value to its seaweed industry – but its success could depend on the outcome of an ongoing tug-of-war between industry and government.

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