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European Business News – Week ending August 27, 2010

 Breaking News
  • £3.7 Billion Worth of Discounts Disappear From UK Supermarket Shelves as Promotions Fall to Lowest Levels in 10 Years The pressure on UK retailers to be more transparent in their pricing has seen the number of trade promotions fall to their lowest levels for 10 years, and in 2017, shoppers will receive £3.7 billion less in promotional savings. This is according to a new report by IRI, the provider of big data and predictive analytics [...]...
  • Whisky, Tequila and Gin to Drive Global Spirits Category Growth to 2021 Just released data from the IWSR 2017-2021 Forecast suggests global volumes of whisky, gin and tequila are expected to make gains of 55.2m, 7.1m and 5.8m nine-litre cases respectively over the next five years, following their rapid growth in 2016. These categories together with baijiu (+48.2m cases between 2016 and 2021), will contribute the most in the [...]...
  • Huge Export Win to China For UK Food Producers A new export deal with China will bring a £200 million boost to the UK food industry and support 1,500 jobs. Taking advantage of the growing demand for UK and drink in China, seven new businesses in England and Northern Ireland have secured access to export pork – including three producers who, in a first [...]...
  • CSM Bakery Solutions Closes Sale of BakeMark Business CSM Bakery Solutions, a global leader in bakery ingredients, products and services, has completed the sale of its BakeMark business to private equity firm Pamplona Capital Management. The sale of BakeMark, which was announced mid-July, is an important element in CSM’s decision to focus on their core business in Europe and North America. “Completing the sale [...]...
  • Needham Coding Ireland to Show Own Brand ‘N’ Series CIJ Printers For the First Time Newly established business, County Westmeath-based Needham Coding Ireland Limited, which was formed following a merger between The Needham Group and long-standing Irish distributor, Advanced Coding Solutions (ACS), will be highlighting a wide range of continuous ink jet (CIJ), thermal ink jet (TIJ) and laser coding and marking equipment, and associated printer inks and makeup at [...]...
  • Mars Food Expands its Portfolio With Acquisition Mars Food, part of Mars Incorporated, is acquiring Preferred Brands International, a US-based, fully integrated manufacturer and marketer of all-natural, ready-to-heat Indian and Asian food products sold primarily under the Tasty Bite® brand. Tasty Bite’s® portfolio includes a wide range of vegetarian offerings, including Indian/Asian entrees, spice and simmer meal kits, and organic rice and [...]...

European Business News – Week ending August 27, 2010

August 20
10:30 2010

Brewing and dairy were prominent within the European food and drink
industry during the past week. International brewers Heineken and Efes
Breweries, despite its exposure to the troubled Russian beer market,
both produced solid first half performances. However, the beer market
in Europe is likely to remain weak due to constrained consumer
spending and planned austerity measures across many countries.

The outlook for Russia is improving even in the wake of significant
price increases after the imposition of higher excise duty. Market
leader Carlsberg now expects a high single-digit percentage decline
for the Russian beer market for 2010 – an improvement on the low
double-digit percentage decline originally anticipated.

Meanwhile, SABMiller, the world’s second largest brewer, is
considering launching a £7b bid for Foster’s beer business, which is
one of the few remaining ‘major’ targets within a consolidating global
beer industry.

In the dairy industry, Glanbia, the international nutritional
ingredients and cheese group, delivered strong revenue, profit and
margin growth in the first half as its Irish dairy ingredients
business was restored to profit. While volatility continues to be a
feature of global dairy markets, a degree of stability has returned.
Full year 2010 pricing is expected to be broadly in line with five
year averages but in most instances below the market peak of 2008.

In Britain, farmer involvement in UK dairy processing is set to deepen
with Arla Foods Milk Partnership looking to increase its investment in
Arla Foods UK, as the continental dairy co-operative model and the
benefits of vertical integration continue to find favour with milk
producers. Of course, Britain’s two largest dairy co-ops, First Milk
and Milk Link, have been expanding their processing activities despite
the collapse of a third co-op, Dairy Farmers of Britain, last year.

French group Lactalis consolidated its standing as one of the world’s
leading dairy processors and increased its sales in Spain to Eur1.2b
following approval of its Eur630m acquisition of Ebro Puleva’s dairy
arm. Having disposed of its sugar business to Associated British Foods
for Eur526m, Ebro Puleva is now focused on rice and pasta.

Indeed, acquisition and merger activity is gathering momentum after
remaining subdued throughout 2009 and the early part of 2010.

Campbell is considering a £1.5b break-up bid for United Biscuits with
PepsiCo, Kraft Foods and Kellogg other possible US-based suitors.
However, selling the biscuits and snacks business for the desired
price may prove problematic for UB’s private equity owners when the
prospect of rising grain prices is likely to cause a sharp jump in raw
material price inflation in the bakery sector.

Nestle has strengthened its balance sheet and its acquisition
‘war-chest’ following the $28.3b sale of its remaining 52% sale in eye
care business Alcon.

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