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FSG deadline: July 20, 2016

SNE ‘increasingly concerned’ by impending EU specialised food laws

Europe’s biggest specialised food group used a meeting in Brussels this week to reiterate its call for “clear, evidence-based, and balanced legislation” as the 2016 kick-in date nears for EU laws governing...

UK government rules out sugar tax

The British government has no plans to tax sugary drinks, despite an online petition receiving more than the 100,000 signatures required to spark a parliamentary debate on the issue.

Costs of origin labelling are marginal, says German company

Industry says origin labelling is too expensive and would reduce competitiveness but one German company is listing the origin of all its ingredients voluntarily – and the costs are marginal, it...

Italy’s labelling bill slammed as backdoor protectionism

An Italian bill will require companies to say where a product was produced and packaged, meaning greater transparency for consumers, says government - but industry has slammed it as backdoor...

Global food price index falls by more than 5% in August

International food commodity prices saw the sharpest fall in nearly seven years as the FAO index plummeted by 5.2% in August.

Tate & Lyle raise price of corn-based ingredients by up to 20%

Tate & Lyle will raise the price of corn-based food ingredients by up to 20% following a European heatwave which has lowered yields.

Frutarom acquires 79% of Nutrafur

Frutarom has acquired 79% of Spanish firm Nutrafur in a €10.3 m sale which will help the company develop its portfolio of natural plant extracts for food preservation, says Frutarom.

‘Stop pretending drinkers are a burden on taxpayers!’ Report says alcohol tax revenue far outweighs cost to the public purse

The cost of alcohol use to the government in England has been over-stated by public health campaigners, and in fact the revenue from taxes outweighs such costs to the tune...

‘Tough’ dairy industry hits Arla’s revenue

Arla Foods’s revenue has dropped 3.8% to £3.78bn (€5.12bn) during the first half of this year as a result of the globally declining milk prices creating a “tough” situation for...

DSM reshuffle spells 1000+ job losses

Nutrition giant DSM has outlined organisational adjustments that will see 900-1100 jobs lost – half of which will be in the Netherlands.

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£10M investment in Jacob’s Cream Crackers factory

Biscuit manufacturer United Biscuits (UB) has revealed £10M investment plans for its Jacob’s Cream Crackers factory. 

Diageo fails to reach its own pollution targets

Diageo has significantly missed seven of its 10 pollution reduction targets, the £11bn drinks giant has admitted in its annual report.

Money talks! Norway withdraws from 4 Asian palm oil firms

The Norwegian national investment fund has cut ties with four major Asian companies, citing the risk of ‘severe environmental damage’ as a result of palm oil plantations.

Frozen food giant: Nomad confirms €702m deal for Findus Europe

Nomad Foods has confirmed it will acquire the European operations of Findus Group for €702 million (£500m), adding further scale to its frozen-food business just months after a 2.6bn deal...

€6m bust for vinegar price fixing: 'This is a very serious cartel'

Two Dutch vinegar firms have been fined over €6m for cartel arrangements lasting over a decade – but the whistleblower sidestepped payment under EU rules.

Nestlé beats H1 sales growth target, but sees profits slip

Better-than-expected first-half sales growth has allowed the world’s biggest food company, Nestlé, to confirm its 2015 outlook despite poor exchange rates leading to decreased profits.

Competition remains fierce in cholesterol-lowering niche

Benecol buy-back boosts Raisio Q2 results

Sales and profits were up in Q2 at Raisio, with CEO of the €500m Finnish agro-food player Matti Rihko content its re-housing of key brand Benecol was paying off.

Burnt toast? Packaged bread needs investors, not innovation

UK bakers must seriously consider outside investment because product innovation won’t be enough to reverse plummeting sales, says Euromonitor.

Scotland to ban GM crops: ‘GM would damage our clean, green brand’

Genetically modified (GM) crops will not be allowed in Scotland, the Scottish National Party (SNP) has announced.

News in brief

Cargill buys Italian citrus pectin business

Cargill is to acquire the pectin operations of US firm FMC - a move it hopes will help it tap into demand for 'label-friendly' ingredients. 

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...

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