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Headlines > Financial

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.

Bread is ‘price war casualty’ – FoB director

Bread is one of the biggest casualties of the supermarket price war, as retailers keep dropping its price to rock bottom levels in a bid to entice shoppers, according to...

UK minister warns industry over sugar tax

Food and drink manufacturers and retailers could be forced to pay a sugar tax if they continue to sell unhealthy food, a UK minister has warned.

Special edition: Outsourcing

The ins and outs: Are firms shifting to vertically integrated supply chains?

Outsourcing. It's no secret it can bring big financial and logistical gains. But in an age when traceability and accountability carry increasing value, are we now seeing a shift towards...

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.

News in brief

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.

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