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Headlines > July 2006

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Europeans warm to discount supermarkets

Discount retailing is still on the rise in Europe, as international expansion and increasing consumer acceptance are set to push sales up 36 per cent by 2010.

Kellogg's sales boost offsets rising costs

The world's leading cereal producer Kellogg's has posted a three per cent rise in second quarter net earnings, as strong sales in the Americas help compensate for rising commodity costs.

Sluggish protein market forces Tyson downgrade

US packaged meat processor Tyson Foods has been downgraded by Moody's Investors Service, following concerns the firm cannot cope with the current slump in global meat sales.

Bird's Eye exits private label business

The world's largest frozen foods business Bird's Eye plans to sell five US factories that make non-branded products, and instead concentrate on its more profitable trademarked range.

Blair demands food industry cooperation to tackle obesity

Government cannot be the only actor with responsibility over the current obesity crisis, said UK prime minister Tony Blair in a key note speech on public health yesterday.

CSM acquisition strengthens global bakery portfolio

CSM's $70 million acquisition of CGI Desserts, a supplier of thaw and serve bakery products, underlines again the firm's focus on the bakery market.

Steady results for Kraft

Global snack heavy weight Kraft Foods has reported steady results but figures show the impact of a year of change for the US based company.

Food firms "missing the value of waste"

British charity FareShare has launched a new recycling scheme offering food manufacturers a cheaper, greener solution to industrial waste disposal, saying they are missing out on the value of waste.

Thorntons' profits show sales slump

UK confectioner Thorntons has announced poor financial results after struggling with waning sales since the start of the year.

Carrefour prepares Greek partner for Cyprus expansion

Europe's largest retailer Carrefour has signed a €6m deal to open its first supermarket chain in Cyprus, following the firm's successful entry into the island's cash and carry market last...

Ice cream firms ride Britain's summer heatwave

Ice cream sales have shot through the roof in Britain over the last week thanks to an almighty heatwave, leaving producers working flat out to meet consumers' insatiable demand.

Cadbury at war over the colour purple

Global confectionery giant Cadbury Schweppes are appealing against a court ruling that they do not have exclusive rights over the colour purple.

Weekly comment

Vanity fayre: cosmetic foods are not nutraceuticals

Functional foods are generally defined as products imbued with additional nutrients with health-promoting properties. But the industry needs to be wary of foods that present no actual health benefit from...

Unlucky Northern Foods issues profit warning

After six months of sliding sales, rising production costs and now a devastating factory fire, Northern Foods' chairman has warned the year's first-half profits will be dented.

Tesco stalls over grocery market inquiry

Britain's leading supermarket Tesco is being accused of stalling the Competition Commission's (CC) grocery sector inquiry by asking for extra time to provide evidence of its business practices.

Hershey enjoys profit surge

Global confectionery giant, Hershey, has announced encouraging sales and rising profits - thanks to a strong focus on product innovation and seasonal marketing in the last year.

Dairy Crest shares soar, chief exec retires

Dairy Crest's shares rose to their highest point since early March Friday morning, after the group reported in-line trading and the retirement of its chief executive.

Carrefour expands its Romanian empire

Europe's largest retailer Carrefour has announced plans to invest €82m in Romania, following the purchase of key land sites in the country and the recent acquisition of the Hyperlo chain.

South of France wine brand gets green light

The 'South of France' wine brand, covering thousands of producers in France's biggest wine region, is set to hit supermarkets next year as winemakers look to regroup against the New...

Food companies target children online

Eight out of the world's top 10 food brands now target children through online marketing, prompting a discussion into current self-regulatory guidelines.

Real Good Food Company announces optimistic results

Despite warning of a possible drop in sales, UK bakery and ingredients manufacturer, the Real Good Food Company (RGFC), has said it is on track to meet targets when it...

Euro internet grocery sales set to boom

The European e-tail sector is likely to grow 186 per cent by 2010, but supermarkets should work to maximise market share by tackling consumer barriers such as stock availability and...

Nestlé to tap low-income consumers

Swiss manufacturer Nestlé is building new factories in Brazil and West Africa to manufacture products for low-income families, said chairman Peter Brabeck-Letmathe.

Premier Foods makes shrewd UB offer

The UK's Premier Foods is believed to have offered United Biscuits an initial £1bn bid for its northern European snack food operations - even though City analysts claim the business...

Metro: Poor domestic sales prompt job losses

Real, the domestic arm of international retailer Metro Group, has announced more than 500 job cuts across 30-40 German stores as sales tumble 8.7 per cent.

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