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News in brief

Funding boost for UK food and drink firms

A UK scheme has received almost £700,000 in funding to support the food and drink sector until the end of 2015.

Trigon Snacks likely to be snapped up by UK firm: Analyst

Nut manufacturer Trigon Snacks, the maker of UK Planters, will likely be bought out of administration by another domestic player, an analyst says.

Children's Food Campaign revives Olympics 'junk food' sponsorship complaint

The Children’s Food Campaign has revitalised its challenge against the presence of junk food brands at the Olympic games, criticising the "unrivalled platform" given to companies like Coca-Cola and McDonald’s. ...

Gifting chocolate weathers economic storm, says Thorntons

UK premium confectioner Thorntons has claimed consumer sentiment for gift chocolates is strong in spite of a troubled UK economy as it posts positive full year results.

SOLD! GSK exits drinks market

Glaxo sells Lucozade and Ribena to Suntory for £1.35bn cash

Ever-expanding Japanese beverage behemoth, Suntory, is the new owner of Lucozade and Ribena, which GlaxoSmithKline (GSK) has sold for £1.35bn (€1.6bn/$2.11bn) as it admits defeat in its internationalisation plans and...

News in brief

SAB Miller chair Mackay returns to work after illness

SAB Miller chairman Graham Mackay has returned to week following successful treatment for a brain tumor.

The Lipton Factor: Unilever spend doubles size of Tanzania tea business

Unilever is partnering the Tanzanian Government to reinvigorate the tea industry and ‘at least double’ its tea output in the country, where the leaves are used for top brands Lipton...

Arla profits boom as mergers bear fruit

Dairy giant Arla has doubled profits for the first half of its financial year, amid news the two mergers it undertook in 2012 were paying off.

News in brief

Burton’s Biscuits on sale for $543m

The UK second largest biscuit company Burton’s Biscuits has been put up for sale by its private equity owners and could command a £350m ($543m) price tag.

Editor's Blog

Analysis: Where is confectionery production moving?

We’ve delved into the ConfectioneryNews archives to chart newly built factories and major investments on existing plants by the industry’s major players over the past five years to discover where...

Lindt plans $217m investment on US and European factory expansions

Lindt & Sprüngli intends to invest CHF 200m ($217m) in new production lines at existing plants in the US and Europe in response to rising demand in developed markets.

FAO confirms food price fall for third month in a row

A third consecutive fall in global food prices during the month of July was largely driven by lower international prices for grains, soy and palm oil, according to the United...

‘Aggressive’ private label pricing hits Nestlé Waters

Nestlé CFO Wan Ling Martello admits that Nestlé Waters faces a tough US waters environment in 2013 due to aggressive private label competition that has eroded its market share.

SPIRITS GIANT ANNOUNCES 'NEW STRATEGIC DIRECTION'

Suntory cans Magners cider in Australia after brand sales slump

Suntory Australia is taking a ‘new strategic direction’ by focusing on its premium spirits and liqueurs brands and exiting a distribution deal with C&C Group for Magners cider, as the...

BREAKING NEWS

Could AG Barr spring shock bid for GSK brands Ribena and Lucozade?

Reports suggest UK soft drinks firm AG Barr could mount a £1bn+ bid for GlaxoSmithKline (GSK) brands Lucozade and Ribena, with support from private equity.

Heineken agrees $612m sale of Finnish business Hartwall

Heineken has agreed to sell its Finnish 'multi-beverage' business Hartwall to Danish Royal Unibrew for €470m and the two brewers will extend a licensing agreement allowing the latter to brew...

Spadel acquires Nestlé Waters France Carola water

Spadel Group has signed an agreement with mineral water company Eaux Minérales de Ribeauvillé (EMR), owner of the Carola mineral water brand.

Waitrose £12bn milestone ‘far from fanciful’

Waitrose can double sales to £12bn in 10 years if it sticks to its principles and processes, according to Shore Capital analyst Darren Shirley.

Provexis seeks to demerge Science in Sport and Fruitflow

UK firm Provexis has filed to demerge the Science in Sport (SiS) consumer sports brand it purchased for €10m in June 2011 from its Fruitflow tomato-based ingredients business, as it...

‘Right zone, right positioning': Super premium success The Macallan

Edrington’s premium malt whisky The Macallan outstripped category growth by over 100%, in the past five years driven by strong sales in the US and the Asia, the company tells...

EU reaches deal on CAP reform

European institutions reached a deal on reforming the Common Agricultural Policy (CAP) on Wednesday, including a compromise that will end sugar quotas by 2017.

Europe's food industry welcomes EU-US trade negotiations

European food industry trade body FoodDrinkEurope has welcomed formal negotiations between the European Union and the United States on a Transatlantic Trade and Investment Partnership (TTIP), announced at the G8...

SNACKEX 2013: CONFERENCE SESSIONS

Eurozone crisis rocks consumer sentiment but snacks stay safe: AC Nielsen

The Eurozone crisis has hit consumer sentiment hard, but food spend has remained more or less the same with snacks and confectionery leading value growth, says AC Nielsen.

Rain, rain go away, you’re ruining CCE’s summer days…

Coca-Cola Enterprises (CCE) says its performance in the next six to seven weeks is ‘very important’ as it issued a profit warning yesterday after terrible spring and summer weather hit...

UK SOFT DRINKS GIANT TO THRASH OUT BETTER TERMS IN AG BARR MERGER?

‘Britvic not the wounded animal it was last year’: City analyst on AG Barr merger

Despite provisional Competition Commission (CC) clearance for the AG Barr/Britvic merger, City analysts believe Britvic will ‘seek improved terms’ in light of its better recent performance.

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