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The Coca-Cola Company Announces 55th Consecutive Annual Dividend Increase Hain Celestial Makes Strategic Acquisition PepsiCo Reports on a Successful Year Best and Worst UK Supermarkets Revealed
 
The Coca-Cola Company Announces 55th Consecutive Annual Dividend Increase

The Coca-Cola Company Announces 55th Consecutive Annual Dividend Increase

Hain Celestial Makes Strategic Acquisition

Hain Celestial Makes Strategic Acquisition

PepsiCo Reports on a Successful Year

PepsiCo Reports on a Successful Year

Best and Worst UK Supermarkets Revealed

Best and Worst UK Supermarkets Revealed

The Coca-Cola Company Announces 55th Consecutive Annual Dividend Increase

The Coca-Cola Company Announces 55th Consecutive Annual Dividend Increase

17 February 2017

The board of directors of The Coca-Cola Company has approved the company’s 55th consecutive annual dividend increase, raising the quarterly dividend 6 percent from 35 cents to 37 cents per common share. This is equivalent to an annual dividend of $1.48 per share, up from $1.40 per share in 2016. The first quarterly dividend is […]

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Hain Celestial Makes Strategic Acquisition

Hain Celestial Makes Strategic Acquisition

17 February 2017

The Hain Celestial Group, the US-based organic and natural products company with operations in North America, Europe and India, has announced that one of its wholly-owned subsidiaries has entered into a definitive agreement to purchase Yorkshire Provender. Founded in 2007, Yorkshire Provender is based in North Yorkshire, England, and produces premium branded soup and its […]

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PepsiCo Reports on a Successful Year

PepsiCo Reports on a Successful Year

17 February 2017

Reflecting unfavourable currency factors, PepsiCo’s net revenue for 2016 declined by 0.4% to $63.056 billion but organic revenue, which excludes the impacts of foreign exchange translation, structural changes and the 53rd reporting week, grew by 3.7%. Reported operating profit at the global drinks and snacks group increased by 17% to $8.353 billion and core constant […]

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Best and Worst UK Supermarkets Revealed

Best and Worst UK Supermarkets Revealed

17 February 2017

Waitrose and Iceland have been rated as the best UK supermarkets for in-store and online experience respectively, while Marks and Spencer has topped the first ever Which? convenience store satisfaction survey with its Simply Food stores. In a Which? survey of more than 7,000 shoppers, Waitrose secured the in-store accolade just ahead of closest competitor […]

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Tetra Pak to Invest €24 Million in Packaging Closures Factory

Tetra Pak to Invest €24 Million in Packaging Closures Factory

17 February 2017

Tetra Pak, the world’s leading food processing and packaging solutions company, has announced a €24 million investment in its very first plant for packaging closures in South Asia, East Asia and Oceania. The facility is set to capture the region’s rapid market growth for packaging with closures, forecast to grow by more than 30% between […]

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Heineken Expects Further Organic Revenue and Profit Growth in 2017

Heineken Expects Further Organic Revenue and Profit Growth in 2017

16 February 2017

Heineken has reported a 1.4% increase in revenue to €20.792 billion with net profit (beia) up by €50 million to €2.098 billion, an organic increase of 8.5%, for its 2016 financial year. Currency developments had a negative impact of 5.6% (€1.150 billion) on revenue, largely driven by the depreciation of the Mexican Peso, the Nigerian […]

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Nestlé Benefits From its Diversified Portfolio

Nestlé Benefits From its Diversified Portfolio

16 February 2017

Nestlé has posted a 0.8% increase in sales to SFr89.5 billion (€84 billion) for 2016, with a foreign exchange impact of -1.6% and acquisitions net of divestitures reducing sales by 0.8%. Organic growth was 3.2%, as real internal growth reached a three-year high of 2.4%. Pricing was limited at 0.8%, with some improvement in the […]

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Danone Enters News Transformation Phase

Danone Enters News Transformation Phase

16 February 2017

Danone has reported a 4.5% increase in recurring operating income to €3.02 billion on sales down 2.1% to €21.944 billion for 2016, adversely impacted by negative currency trends in the Argentine peso, the Mexican peso, and the Russian ruble. On a like-for-like basis, sales and recurring operating income rose by 2.9% and 8.4% respectively. The […]

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Research Reveals a Clear East-West Divide in Attitudes to Nutrition and Healthy Eating

Research Reveals a Clear East-West Divide in Attitudes to Nutrition and Healthy Eating

16 February 2017

Consumers in Asia are far more likely to be interested in healthy eating than those in the western world, according to a new survey of people’s attitudes to diet and nutrition. Researchers asked 600 consumers in Asia and 700 in the western hemisphere, plus Australia and New Zealand, about their views on a range of […]

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Ardagh Group to Invest in Rugby Plant

Ardagh Group to Invest in Rugby Plant

16 February 2017

Ardagh Group, a global leader in glass and metal packaging solutions, has announced an important investment in its Rugby manufacturing plant  for the purpose of converting its beverage can production capabilities from steel to aluminium. This venture will serve to support committed partnership agreements with some of the most well-established beverage brands in the world.  […]

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IGD Reveals Top UK Grocery Shopper Saving Tactics

IGD Reveals Top UK Grocery Shopper Saving Tactics

15 February 2017

New research from IGD reveals food prices top the list of factors UK shoppers think will have the most impact on their financial circumstances in the coming year, with two thirds (65%) saying this will have an impact. Meanwhile, energy bills (58%), petrol prices (53%), not having a wage increase (31%) and interest rates (28%) […]

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Russian Standard Vodka Launches in Iceland

Russian Standard Vodka Launches in Iceland

15 February 2017

Russian Standard, world’s leading Russian premium vodka, has launched on the Icelandic market through the distribution network of Haugen-Gruppen, a leading importer of wines and spirits in the Nordic region. The Russian Standard Vodka portfolio dominates the premium segment in Russia with a 35 percent market share and sales of over 3.3 million cases in […]

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Irish Grocery Growth Dips Following Bumper Christmas

Irish Grocery Growth Dips Following Bumper Christmas

15 February 2017

The latest supermarket share figures from Kantar Worldpanel in Ireland, for the 12 weeks ending 29 January 2017, reveal that retailers have not sustained the same level of strong growth achieved over the Christmas period. Grocery sales growth fell to 3.0%, down from 4.6% last month. David Berry, director at Kantar Worldpanel, explains: “Dunnes Stores […]

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New Warehouse Offers Maximum Product Safety For Taiyo

New Warehouse Offers Maximum Product Safety For Taiyo

15 February 2017

Taiyo, a pioneer in the research and manufacture of functional ingredients for the food, beverage, medical food and pharmaceutical industries, has relocated its storage facility in Germany. The logistics company In Time, specialist in the import, storage and transport of food and food ingredients, provided the new warehouse near Hamburg. Taiyo’s customers will now benefit […]

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Major Transition at Aryzta

Major Transition at Aryzta

14 February 2017

ARYZTA, the Zurich-based global food business with a leadership position in speciality bakery, has announced changes to its capital structure along with a strategic review of its investment in joint ventures and major changes to its senior management. ARYZTA has increased the covenant headroom under its senior revolving credit facility, thereby providing the Group with […]

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Heineken to Become Second Biggest Beer Business in Brazil

Heineken to Become Second Biggest Beer Business in Brazil

14 February 2017

Heineken has agreed to acquire Brasil Kirin, one of the largest beer and soft drinks producers in Brazil, from Kirin Holdings of Japan for €664 million. The transaction will transform Heineken’s existing business across Brazil by extending its footprint, increasing scale and further strengthening its brand portfolio. On closing, Heineken will become the second largest […]

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University College Cork Appoints New Head of Food Business

University College Cork Appoints New Head of Food Business

14 February 2017

University College Cork has named Professor Thia Hennessy as the new Head of the University’s Department of Food Business and Development. The Department, which is part of the Cork University Business School (CUBS), undertakes teaching and research in the subjects of food business and marketing, international development and co-operative studies. Professor Ciaran Murphy, head of […]

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Dedicated Food and Drink Workshop Arrives at Packaging Innovations 2017

Dedicated Food and Drink Workshop Arrives at Packaging Innovations 2017

14 February 2017

For the first time at Packaging Innovations, Label&Print and Empack 2017, Campden BRI, the UK’s largest independent food and drink research body, will be hosting a series of intimate and topical sessions in a dedicated ‘mini’ theatre for the food and drink industries. The programme of presentations will take place during the UK’s leading packaging […]

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Fast, Flexible, Accurate - Ishida's 'Hungry Monster'

Fast, Flexible, Accurate – Ishida’s ‘Hungry Monster’

14 February 2017

The success of the preferred supplier partnership between Ishida Europe and Tulip, one of the UK’s leading food processing companies, is ideally demonstrated by the latest installation of Ishida equipment at Tulip’s factory in Ruskington, Lincolnshire, where a bespoke line is handling 2.7 tonnes of frozen cocktail sausages every hour. With each cocktail sausage weighing […]

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Mead Johnson Sold in $17.9 Billion Deal

Mead Johnson Sold in $17.9 Billion Deal

13 February 2017

Reckitt Benckiser Group, the world’s leading consumer health and hygiene company, is acquiring Mead Johnson Nutrition Company, a global leader in infant and children’s nutrition, for $16.6 billion. Total value of the transaction is $17.9 billion including Mead Johnson’s net debt. The Mead Johnson name has been associated with science-based infant and children’s nutrition products […]

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€214 Million Investment in Food Union Group

€214 Million Investment in Food Union Group

13 February 2017

Food Union Group, an international group of dairy and ice cream producing companies with a strong market share in Northern Europe and Latvia, has received a combined €214 million (US$225 million) investment from PAG, one of Asia’s largest private equity firms, and Meridian Capital, an existing investor. Food Union’s businesses include milk processing as well […]

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Scotch Whisky Association and Scottish Craft Distillers Association Launch Partnership

Scotch Whisky Association and Scottish Craft Distillers Association Launch Partnership

13 February 2017

The Scotch Whisky Association (SWA) and the Scottish Craft Distillers Association (SCDA) have made a commitment to work in partnership to support the continued success of the entire Scotch whisky industry and its supply chain. The agreement recognises the record expansion of the Scotch whisky industry with 14 distilleries starting production since 2013 and a […]

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Bord Bia’s New Warsaw Office Provides Gateway to 11 Central European Markets

Bord Bia’s New Warsaw Office Provides Gateway to 11 Central European Markets

13 February 2017

Bord Bia (Irish Food Board) has opened its new office in Warsaw, Poland, from which it aims to drive exports of Irish food and drink to eleven targeted Central European markets. Bord Bia’s presence in the region will assist Irish exporters in building enduring business relationships at a time when Ireland’s food and drink industry […]

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Kerry Offers Solution to Rising Egg Prices Woes For European Confectionery Manufacturers

Kerry Offers Solution to Rising Egg Prices Woes For European Confectionery Manufacturers

13 February 2017

The H5N8 strain of bird flu reached Europe in October 2016, and since then, it has been detected in at least 14 European countries. In parallel, more and more European consumers are looking to increase their protein intake and view eggs as an important source to provide this protein. In fact, the UK recorded the […]

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Sales and Profits Fall at The Coca-Cola Company

Sales and Profits Fall at The Coca-Cola Company

10 February 2017

The Coca-Cola Company has reported a 5% fall in net revenue to $41.86 billion for 2016 with net income declining by 11% to $6.5 billion. Total unit case volume grew 1% for the full year as the soft drinks giant’s developed markets grew by low single digits while its emerging and developing markets were even. […]

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Unsatisfactory Performance By HKScan Group

Unsatisfactory Performance By HKScan Group

10 February 2017

Nordic meat group HKScan has reported a fall in both net sales and profits for the year ended 31 December 2016 compared to 2015. Net sales declined from €1.917 billion to €1.873 billion during the period, with all the group’s market areas behind the previous year, and comparable EBIT fell from €21.5 million to €13.2 […]

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Carlow Brewing Company Acquires Craigies Cider

Carlow Brewing Company Acquires Craigies Cider

10 February 2017

Carlow Brewing Company, Ireland’s leading craft beer producer, has announced the acquisition of Craigies Cider, and will add the Irish craft cider brand to its own growing portfolio of brands which includes O’Hara’s Irish craft beers, and Falling Apple Irish craft cider. The sale includes Craigies cider production equipment, which will enable Carlow Brewing Company […]

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Graduate Trainees Taste the Future of Food Manufacturing

Graduate Trainees Taste the Future of Food Manufacturing

10 February 2017

Rising stars of the food industry saw and tasted the future when they visited the University of Lincoln’s National Centre for Food Manufacturing (NCFM) as part of their graduate development programmes. The graduates, who are currently part of schemes at Marks & Spencer and Bakkavor, visited NCFM for dedicated training days to experience the technologies […]

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Health Ingredients China - The Largest Event in China For Health Ingredients

Health Ingredients China – The Largest Event in China For Health Ingredients

10 February 2017

China is the world’s largest food and beverage market with a population of more than 1.3 billion. Rising incomes, an ageing population and food safety consumers have led to a large increase in the Chinese health market in the last number of years. Chinese expenditure on health products has grown at an annual rate of […]

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Carlsberg Group Reports a Year of Progress

Carlsberg Group Reports a Year of Progress

09 February 2017

Carlsberg Group has reported net revenue of DKr62.6 billion (€8.4 billion), up 2% on an organic basis, for the financial year ended 31 December 2016, as the brewer continues to make steady progress against its key priorities. Group operating profit increased organically by 5% with all three regions – Western Europe, Eastern Europe and Asia […]

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European Soft Drinks Sector Commits to Reduce Added Sugars by a Further 10%

European Soft Drinks Sector Commits to Reduce Added Sugars by a Further 10%

09 February 2017

The European soft drinks industry[1] has announced it will reduce added sugars in its products by a further 10% by 2020[2]. The commitment will be rolled out across Europe. This initiative responds to changing consumer preferences regarding sugar intake and calls from Member States and the European Commission for a coordinated approach to reformulation and […]

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Clearance For Acquisition of Two Cargill Oilseed Processing Facilities by Bunge

Clearance For Acquisition of Two Cargill Oilseed Processing Facilities by Bunge

09 February 2017

The European Commission has approved under the EU Merger Regulation the acquisition of two Cargill oilseed processing facilities by Bunge of the Netherlands. The two Cargill oilseed facilities are an oilseed crushing and seed oil refining facilities located in Amsterdam, the Netherlands and an oilseed crushing and storage facilities located in Brest, France. Bunge is […]

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Mondelēz International Remains Confident of Achieving Long-term Growth

Mondelēz International Remains Confident of Achieving Long-term Growth

09 February 2017

Mondelēz International, the US-based global snacking giant, has reported a 12.5% decrease in net revenue to $25.923 billion for 2016, driven by the coffee business transactions, deconsolidation of the company’s Venezuelan operations and currency headwinds. However, organic net revenue increased 1.3%. Reported operating income decreased by 71.1% to $2.569 billion but adjusted operating income rose […]

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Irish Food Industry Doubles Green Targets

Irish Food Industry Doubles Green Targets

09 February 2017

A new Bord Bia report has revealed that 220 major players in the Irish food, drink and horticulture sector, representing 90% of total exports, committed to more than 1,600 sustainability targets during 2016, a 100% increase on 2015 figures. Set in areas such as raw material sourcing, energy usage and emissions, water and waste management, […]

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Aldi Becomes UK’s Fifth Largest Grocer

Aldi Becomes UK’s Fifth Largest Grocer

08 February 2017

The latest UK grocery market share figures from Kantar Worldpanel, published for the 12 weeks ending 29 January 2017, show Aldi is now Britain’s fifth largest supermarket. With sales up 12.4% year on year, the retailer increased its market share by 0.6 percentage points to clinch fifth place for the first time. Fraser McKevitt, head […]

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Fundamental Changes Ahead For Global Wine Industry

Fundamental Changes Ahead For Global Wine Industry

08 February 2017

Following a bump in the road, China is once more expected to drive global grape wine consumption between now and 2020, according to the IWSR Vinexpo Report 2017, the most comprehensive survey of the global wine market. Asia-Pacific will thus supplant the Americas as the main engine for wine growth over the coming period. At […]

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Sumitomo’s Acquisition of Fyffes Approved

Sumitomo’s Acquisition of Fyffes Approved

08 February 2017

The European Commission has approved, under the EU Merger Regulation, the €751.4 million acquisition of Fyffes, a leading international grower, importer and distributor of fresh produce, by Sumitomo of Japan. With annual turnover in excess of €1.2 billion, Fyffes is headquartered in Dublin, Ireland with operations in Europe, the US, Canada, Central America and South […]

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Arla Food Invests a Further £37.5 Million in its UK Sites and Logistics

Arla Food Invests a Further £37.5 Million in its UK Sites and Logistics

08 February 2017

Arla Foods UK, the farmer-owned dairy company, plans to invest approximately £37.5 million (€44 million) in its UK sites and logistics in 2017, an increase of 51% from 2016. Tomas Pietrangeli, managing director of Arla Foods UK, comments: “Last year, I unveiled the most ambitious UK business strategy to date to make Arla a household […]

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Showcasing the Latest Innovations in Health & Wellbeing at IFE 2017

Showcasing the Latest Innovations in Health & Wellbeing at IFE 2017

08 February 2017

Focusing on global product innovation and welcoming some of the leading buyers in the industry, The International Food & Drink Event (IFE) 2017 is both the largest show of its kind in the UK, and at the forefront of predicting future food trends. Following the explosion in healthy eating trends across the industry in the […]

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UK Retailers Lose Over £2 Million in Courgette Sales During January

UK Retailers Lose Over £2 Million in Courgette Sales During January

07 February 2017

Data released by IRI, the provider of big data and predictive analytics for FMCG manufacturers and retailers, shows that the recent courgette shortage has seriously impacted sales of the vegetable in January. The figures from IRI Retail Advantage* show a steep decline throughout the month, with sales down 58% for the week ending 28 January […]

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Irish Whiskey Association Meets Scotch Whisky Association

Irish Whiskey Association Meets Scotch Whisky Association

07 February 2017

Representatives from the Irish Whiskey Association and the Scotch Whisky Association have held their annual meeting to discuss products, new opportunities and the challenges posed by Brexit. Irish whiskey exports now represent more than a third of all drinks exports and were valued at €505 million in 2016. The industry has experienced huge growth over […]

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Nestlé Opens Innovative Pet Food Factory in Brazil

Nestlé Opens Innovative Pet Food Factory in Brazil

07 February 2017

Nestlé has opened a pet food factory in Brazil. The new Purina site in Ribeirão Preto will make wet food for cats and dogs from the Friskies, Cat Chow, Pro Plan and Dog Chow ranges. It uses exclusive technology to produce more natural and nutritious meals, by preserving the original meat characteristics. Nestlé’s SFr85 million […]

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Almonds - When is a Calorie Not a Calorie?

Almonds – When is a Calorie Not a Calorie?

07 February 2017

New data from the US Department of Agriculture (USDA) shows that both roasted and unroasted almonds provide fewer calories than thought – and that the number of calories is largely dependent on form1 . The study, conducted by scientists from USDA’s Agricultural Research Service (ARS) and jointly funded by USDA ARS and Almond Board of […]

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Global Brands Take to the Stage at UK’s Leading Packaging Show

Global Brands Take to the Stage at UK’s Leading Packaging Show

07 February 2017

Amazon, Innocent Drinks, Jaguar Land Rover, 2 Sisters Food Group, Mondelēz International, Lucozade Ribena Suntory, Ellen MacArthur Foundation and Marks & Spencer are just some of the major brands taking to the stage at Packaging Innovations, Empack and Label&Print 2017.​ The UK’s leading packaging show, which returns to Birmingham’s NEC on 1 & 2 March […]

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Glanbia Announces Two Strategic Acquisitions

Glanbia Announces Two Strategic Acquisitions

06 February 2017

Glanbia, the global nutrition group, is investing approximately €181 million to acquire two companies, Amazing Grass in the United States and Body & Fit in the Netherlands. Both businesses have a strong strategic fit with Glanbia’s Performance Nutrition (GPN) division and will extend its reach to new consumers and channels. Amazing Grass has a portfolio […]

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Gruppo Campari Acquires Super-premium Gin Brand

Gruppo Campari Acquires Super-premium Gin Brand

06 February 2017

Gruppo Campari is acquiring most of the assets of BULLDOG London Dry Gin, an independently owned brand, for US$55 million plus the assumed liabilities and working capital for approximately US$3.4 million. The deal leaves cash-on-hand and other assets on BULLDOG’s balance sheet, resulting in approximate proceeds of $70 million at closing to BULLDOG’s shareholders, a […]

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Public Consultation on Future of Common Agricultural Policy

Public Consultation on Future of Common Agricultural Policy

06 February 2017

The European Commission has launched the first phase of the modernisation and simplification of the Common Agricultural Policy (CAP) with the opening of a three-month public consultation. The contributions received will support the Commission’s work to define the agricultural policy priorities for the future. A modernised and simplified Common Agricultural Policy would address the key […]

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Double Appointment Strengthens 2 Sisters’ UK Poultry Team

Double Appointment Strengthens 2 Sisters’ UK Poultry Team

06 February 2017

2 Sisters Food Group, the UK’s biggest poultry producer, has made two key appointments as it continues on its transformation plan. Peter Judge and Frank Robinson joined the 2 Sisters Food Group poultry division in January. Peter Judge joins as operations director and will be responsible for aligning individual site performance with the 2 Sisters […]

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Tetra Pak Announces Science Based Targets for Climate Impact Reduction

Tetra Pak Announces Science Based Targets for Climate Impact Reduction

06 February 2017

Tetra Pak has pledged that by 2030, the greenhouse gas emissions from its own operations will be at least 40% lower than in 2015. Working with the Science Based Targets initiative, the company also set a goal that by 2040, emissions will be down 58% compared with a year ago. In doing so, Tetra Pak becomes […]

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Diageo to Develop a Guinness Brewery in the US

Diageo to Develop a Guinness Brewery in the US

03 February 2017

Diageo intends to build a US version of Dublin’s popular Guinness Open Gate Brewery in Baltimore County, Maryland. As currently planned, the company would build a mid-sized Guinness brewery and a Guinness visitor experience with an innovation microbrewery at the company’s existing Relay, Maryland site. This new brewing capability and consumer experience, combined with a […]

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Green Light For New Derry Whiskey Distillery

Green Light For New Derry Whiskey Distillery

03 February 2017

Planning permission has been granted for a new £12 million whiskey distillery and visitor centre in the historic Ebrington square in Derry town, Northern Ireland. The new distillery will be run by a local Derry company, Niche Drinks, which is aiming to have first distillations by early next year. Niche Drinks has been manufacturing and […]

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Dawn Farms Signs €850 Million Contract With Subway

Dawn Farms Signs €850 Million Contract With Subway

03 February 2017

Irish company Dawn Farms has signed a new agreement with an export value of up to €850 million to supply cooked sandwich meats to more than 4000 SUBWAY® restaurants across Europe, including the UK. The contract will run for seven years to 2024 and continues a long relationship between the SUBWAY® organisation and Dawn Farms. […]

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Heineken Renews UEFA Champions League Sponsorship

Heineken Renews UEFA Champions League Sponsorship

03 February 2017

Global brewer Heineken has extended its current agreement with UEFA to sponsor the UEFA Champions League for a further three years. The new agreement will see Heineken®, the world’s leading international premium beer brand, continue as an official partner of the world’s most prestigious club football competition until the end of the 2021 competition. The […]

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Scientists Set Sights on Large-scale Output of Sought-after Blue Dye

Scientists Set Sights on Large-scale Output of Sought-after Blue Dye

03 February 2017

The ability to mass produce a high-value natural blue dye for use in the food, pharmaceutical and other industries is being developed with help from research scientists. The team will work on scaling the ability to produce large quantities of a blue pigment-protein, called C-phycocyanin (C-PC). The colorant, which is derived from spirulina algae, is […]

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