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What can companies actually do to fight the global water crisis?

The WWF report offers industry a five-step plan to tackle global water scarcity and holds up certain food and drink companies for their best practice.

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Unilever CFO Huët to step down

Unilever’s chief financial officer Jean-Marc Huët is to leave the company on October 1 and will be replaced by Graeme Pitkethly, executive vice president of Unilever’s business in the UK...

Updated EU-Mexico Trade Agreement will be 'comparable to TTIP'

The EU and Mexico will strengthen their economic ties by modernising the Free Trade Agreement, announced EU trade commissioner Cecilia Malmström and the Mexican economic minister yesterday. ...

Competition and opportunity: What will ASEAN mean for EU industry?

Southeast Asia is heading for massive economic change with its ten-nation ASEAN single market and this could have ripple effects for the EU too, says expert. 

Nestlé chews on Belgian botanical player’s bone

Belgian olive oil extract supplier BioActor has inked a deal with the world’s biggest food firm to develop products based on bone health benefits.

Vitafoods investment hunt: 14 start-ups on menu

14 nutrition start-ups are formally seeking investment and partners the day before Vitafoods Europe officially opens next week in Geneva.

Tesco reports historic €8.9bn loss but may be able to move on, says analyst

UK retail giant Tesco has reported a staggering annual loss of £6.4 billion (€8.9bn), the worst in its 96-year history.

UK’s Birds Eye brand Iglo sold for €2.6bn

Europe’s largest frozen foods business Iglo Group has been bought by a pair of US investors for €2.6bn, at 2.4 times return on the original investment made by parent company...

Early Easter sweetens sales for Nestlé

Nestlé has reported a better than expected sales jump of 4.4% with sales totalling CHF 20.9bn (€20.25bn), boosted by sales of bottled water and chocolate.

News in brief

AAK records ‘historic high’ 2014 profits

Acquisitions have driven AAK’s operating profits to a ‘historic high’ with net sales up to SEK 17,814m (€1.9bn).

Unilever share price soars as sales rise 12%

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.

Nestle selling Davigel to push higher value growth, says analyst

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...

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Solina Group acquires Paulig flavours division

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.

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Nestlé opens CHF80m coffee plant in Vietnam

Nestlé has opened a production factory in Vietnam to meet rising consumer demand for decaffeinated coffee, it said.

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DDW announces new production site in Ireland

Colours company DD Williamson (DDW) has announced expansion plans with the opening of a new production site in Cork, Ireland.

Barentz reveals expansion plans after gaining added funds

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,...

UK budget largely positive, says food and drink industry

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.

500 new Lidl distribution centre jobs

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.

Last year was a breakthrough year for stevia, says PureCircle

Market demand for stevia last year increased PureCircle’s half-year sales by 24%, the company has said.

Empowering women in agriculture is good for business

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.

Irish agri firm Aurivo buys UK sports nutrition player

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.

Symrise exceeds target with 18% jump in sales from last year

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.

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.

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