Today on FoodAndDrinkEurope.com
 
· S&P downgrades Danone's credit rating

· Cadbury buys US bottler

· Pepsi pricing plan maintains confidence

· Glanbia reports gains despite dairy difficulties

· Cadbury spreads further into developing markets

 
   
   Other top industry news
 
· Nestle invests in low-fat noodle technology

· Fat tax - proposed again by academia, dismissed by industry

· Campbell's focus on China and Russia

· Rocky Mountain Chocolate boosts sales by 8 per cent

 
 

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Thursday 12 July 2007

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S&P downgrades Danone's credit rating
Standard & Poor's announced today that it has lowered its credit ratings on French company Danone, based on the projected increased debt due its proposed acquisition of Numico... Read


Cadbury buys US bottler
As part of a plan to sell its drinks business, Cadbury Schweppes today said it has acquired the Southeast-Atlantic Beverage Corp. (Seabev), the second largest independent bottler in the US... Read


Pepsi pricing plan maintains confidence
The Pepsi Bottling Group (PBG)  increased sales by seven per cent to $3.4bn for the three month period ending 16 June, the company said yesterday... Read


Glanbia reports gains despite dairy difficulties
Glanbia remains on course for an estimated 20 per cent increase in profits, despite difficulties within its dairy production unit, the company said yesterday... Read


Cadbury spreads further into developing markets
Cadbury has launched its Bubbaloo bubble gum in India, as part of its continuing bid to take advantage of developing markets... Read


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Other top industry news



Nestle invests in low-fat noodle technology
New technology to produce noodles with lower fat and salt content will form part of Nestle's Malaysian RM100m ($29.1m) investment plans to upgrade some its manufacturing facilities... Read


Fat tax - proposed again by academia, dismissed by industry
If the British government imposes a "carefully targeted fat tax" on food, over 3,000 deaths from cardiovascular disease could be prevented every year, UK academics have said... Read


Campbell's focus on China and Russia
Campbell's Soup Company has announced plans this week to expand its presence in China and Russia, the world's two largest soup consuming countries... Read


Rocky Mountain Chocolate boosts sales by 8 per cent
US-based Rocky Mountain Chocolate Factory this week reported an eight per cent revenue increase for the three months to 31 May, compared to the same period last year.  ... Read



Weekly Comment

The aspartame science kerfuffle
The publication of a new animal study on aspartame last month has - as expected -sparked yet another bout of head butting from the two opposing sides of the debate.  But it also highlights a bigger issue: one of transparency. Read



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Previous Headlines

Danone eyes Numico for healthier future

Private label bakery keeps strong market position

The aspartame science kerfuffle

AAK UK continues to expand specialist focus

Parmalat steps up compensation drive

Premier Foods to sell frozen foods division

EU presses new wine reforms

Brands lend hand to Scottish & Newcastle plans

Rexam to buy Russian beverage can maker

Cadbury pleads guilty to all salmonella charges



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