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  • Carlsberg Group Upgrades Full Year Operating Profit Outlook Carlsberg Group has delivered organic operating profit growth of 17.7% for the first half of 2019 with reported growth of 18.2% to DKr 5.17 billion (€693 million). Organic net revenue growth was 4.2% and on a reported basis net revenue rose by 6.5% to DKr32.99 (€4.42 billion). Operating margin improved by 160bp to 15.7%. Reported net [...]...
  • Diageo Forms New Rum Joint Venture Diageo and Corporación Cuba Ron, a leader in the production of premium Cuban rums, have created a joint venture – Ron Santiago. The joint venture will have exclusive global distribution rights to Santiago de Cuba, a premium Cuban heritage rum brand. Globally, premium and above rum segments are growing ahead of the category overall, with premiumisation [...]...
  • Stirring Times For US Yogurt – Innovation is Vital in a Changing Consumer Environment Over half of all U.S. consumers now buy yogurt as part of their typical grocery basket, according to a new report from Innova Market Insights, but their habits appear to be evolving. Convenience themes are becoming increasingly important, for example, with 17% of consumers naming this as a significant choice factor in 2018, which is [...]...
  • FrieslandCampina Significantly Expands its VLOG Production Due to the sharp increase in demand in Germany, FrieslandCampina is increasing the number of participating dairy farms that supply VLOG milk from 400 to more than 600. All VLOG milk produced by Dutch FrieslandCampina dairy farmers is used to make cheese for the German market. VLOG (Verband Lebensmittel Ohne Gentechnik) is a German association responsible [...]...
  • English Food Manufacturers Sign Up to Made Smarter Support A number of food manufacturing firms in the North West of England have signed up to a business-led programme which aims to use digital technology to boost growth and success. By implementing advances in data analytics, Artificial Intelligence (AI), Augmented Reality (AR), Industrial Internet of Things (IIoT), 3D-printing and robotics, firms can enhance their profitability [...]...

Interim Profit Surges at Arla Foods But a Challenging Autumn Ahead

  Interim Profit Surges at Arla Foods But a Challenging Autumn Ahead

Increased prices in the global market, rising foreign exchange rates as well as strict control of costs have allowed Scandinavian dairy group Arla Foods to post a hugely increased profit of DKr697m (Eur93m) on a turnover of DKr23.8b for the first half of 2010, while still increasing the ongoing payment to its co-operative owners. This […]

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FrieslandCampina Doubles Interim Profit

  FrieslandCampina Doubles Interim Profit

Dutch dairy co-operative Royal FrieslandCampina has doubled profit to Eur156m, due to improved margins and volume growth, and increased revenue by 5.5% to Eur4.3b for the first half year of 2010, compared with the corresponding period last year. Revenue growth was driven by higher sales of consumer products in Asia and Africa, sales of basic […]

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First Half Improvement at Wimm-Bill-Dann Foods

Russian dairy, food and beverages group Wimm-Bill-Dann Foods increased net income by 7.1% year-on-year to US$69.5m on revenue up 17.1% to US$1.26b for the first six months ended June 30th 2010. EBITDA rose marginally to US$159.7m from US$158.3m in the same period of 2009.
The revenue increase was driven by volume growth in the group’s dairy, […]

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Solid First Half Profitable Growth By Kerry Group

  Solid First Half Profitable Growth By Kerry Group

Kerry Group, the global ingredients, flavours and consumer foods manufacturer, has achieved strong profitable growth in the first half of 2010 with trading profit up 12.9% to Eur204m and sales revenues increasing by 6.7% and 2.7% on a like-for-like basis to Eur2.4b. Profit before tax increased to Eur162m from the 2009 first half level of […]

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New Wine Trade Agreement Between EU and Australia

  New Wine Trade Agreement Between EU and Australia

A new agreement governing the Eur700 million wine trade between Australia and the European Union comes into force today (1st September 2010).
Replacing an earlier one signed in 1994, the new agreement safeguards the EU’s wine labelling regime, gives full protection to EU geographical indications, including for wines intended for export to third countries, and includes a […]

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Top Executive Leaves Nestle

  Top Executive Leaves Nestle

Richard Laube, executive vice president in charge of Nestle Nutrition, has decided to pursue personal opportunities outside Nestle and has left the company. During his five years at Nestle, Mr Laube first held the position of head of business development before taking up his responsibilities as head of Nestle Nutrition. Under his tenure, Nestle Nutrition […]

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Interim Profit Tumbles at Josef Manner

Josef Manner, one of Austria’s leading confectionary manufacturers, has reported a 2.4% fall in revenue to Eur72.1m for the first half of 2010. Net profit dropped to Eur1.27m compared to Eur1.84m for the corresponding period in 2009. However, the company’s performance improved markedly in the second quarter of 2010 following a weak first quarter. Family […]

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European Business News – Week ending September 10, 2010

The first signs that rising ingredient and other input costs for food manufacturers are starting to filter through to food retail prices were revealed in the UK during the week. According to the British Retail Consortium-Nielsen Price Index, food inflation is up to a 13-month high. However, it is still well below the double-digit food […]

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Solid First Half Performance By Emmi

  Solid First Half Performance By Emmi

Helped by rising international sales, Swiss dairy group Emmi has increased net profit by 21.5% to SFr39.9m (Eur31m) on sales down by 0.5% to SFr1.27b for the first half of 2010. The profit margin was 3.1 % and Emmi anticipates stable sales for the second half of the year, with the margin remaining at around […]

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Carlsberg to Close Swiss Brewery

  Carlsberg to Close Swiss Brewery

Global brewer Carlsberg will concentrate its beer production in Switzerland at its main brewery at Rheinfelden and its site in Fribourg will close down by June 2011. The move is part of the ongoing optimisation of the production network across the Carlsberg Group.
Volume is being transferred from Switzerland to the brewery in Obernai in France, […]

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Mixed Interim Results at Lotus Bakeries

Belgium-based biscuits and cakes manufacturer Lotus Bakeries increased current operating profit by 8.8% to Eur17.5m in the first half of 2010 as consolidated turnover edged up 1% to Eur127.2m. On a like-for-like basis, taking into account the termination of the Jaffa Cake bars contract with McVities, turnover for the first half of 2010 was up […]

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First Half Improvement But Bongrain Still Underperforming

Although Bongrain has significantly improved profitability and sales in the first half of 2010 compared to the corresponding period in 2009, the results are still below the French and international dairy group’s historic level of performance. Bongrain reported an increase in net profit from Eur13.2m to Eur37.3m in the first half of 2010 on net […]

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Greencore Completes Disposal of Dutch Convenience Food Business

  Greencore Completes Disposal of Dutch Convenience Food Business

Leading UK and Irish convenience food manufacturer Greencore Group has completed the sale of its Netherlands-based convenience foods business, Greencore Continental, to Convenience Foods Europe, a subsidiary of Parcom Buy Out Fund IV.
Greencore Continental supplies sandwiches, chilled pizzas and chilled sauces to customers based in Continental Europe. It operates from two facilities located at Liessel […]

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Findus Group Targets Growth in Nordic Region

  Findus Group Targets Growth in Nordic Region

Findus Group, one of Europe’s largest frozen food and seafood companies, has appointed Jari Latvanen, formerly with Nestle, to head its new, dedicated business unit covering the Nordic region. The Nordic business employs 800 people in Denmark, Finland and Sweden.
“Jari’s appointment will enable us to drive growth in the region, predominantly from share gains in […]

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Seabrook Crisps Plans New English Factory

  Seabrook Crisps Plans New English Factory

Seabrook Crisps, the north of England-based snacks manufacturer, is planning to build a new factory in the south of the country as part of its five year development plan to expand its geographical coverage and to increase sales to £200m by 2022. The family run company, which has increased turnover by 130% to £28m in […]

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Nestle to Invest SFr500 Million in Coffee Projects

In addition to the SFr200m (Eur150m) invested over the past ten years, Nestle will invest SFr500m in coffee projects by 2020. This includes an investment of SFr350m for the Nescafe Plan, which aims to bring under one umbrella Nestle’s commitments on coffee farming, production and consumption. The just launched Nescafe Plan contains a set of […]

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Interim Profits Jump at Ter Beke

The benefits of efficiency investments and continuous cost control have helped Ter Beke, the Belgian ready meals and processed meats manufacturer, to increase EBITDA by 22.2% to Eur19.6m in the first half of 2010. Group turnover increased by 3.1% to Eur197.4m as the ready meals and processed meats divisions both increased volume sales. Net profit […]

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European Business News – Week ending September 3, 2010

Three of Europe’s top ten dairy processors – Arla Foods, Royal FrieslandCampina and Bongrain – reported first half results in the past week. All showed major progress over the corresponding period in 2009 with Scandinavian co-operative Arla Foods and Dutch co-operative Royal FrieslandCampina both doubling profits. Although Bongrain of France significantly increased profitability and sales […]

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Nestle Opens Premium Chocolate Production Lines in Russia

  Nestle Opens Premium Chocolate Production Lines in Russia

To consolidate its operations in the Russian and Eurasia region, Nestle has opened two premium chocolate production lines. Creating 149 new jobs, the two production lines, which were transferred from the Tuchkovo factory in the Ruzsky district, Moscow, to the Confectionery Union Rossiya facility in Samara region, will produce Comilfo, the premium chocolate brand.
The transfer […]

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Global Dairy Markets Show Signs of Recovery

  Global Dairy Markets Show Signs of Recovery

Global dairy markets recovered somewhat unevenly in the first half of 2010. Commodity prices declined in the early months, stabilised in March and improved throughout the second quarter. Markets now appear to have peaked and are expected to trend lower in the second half, according to Glanbia, the Irish and international nutritional ingredients and cheese […]

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Decrease in UK Food Safety Training a ‘Ticking Time Bomb

UK Food businesses are cutting back on food safety and hygiene training, according to a survey conducted by the Chartered Institute of Environmental Health (CIEH).The survey, which took place in the second week of August was sent out to 5000 food safety trainers and training centres.
Around 50% of trainers thought the uptake of food safety […]

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Board Appointment at Diageo

Diageo has appointed Lord Mervyn Davies of Abersoch to its board effective from 1st September 2010. He becomes a non-executive director and his responsibilities will include membership of the audit, the nomination and the remuneration committees.
Lord Davies was previously Minister for Trade, Investment and Small Business for the UK Government between January 2009 and May […]

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Stronger Second Half Performance Drives Growth at Diageo

  Stronger Second Half Performance Drives Growth at Diageo

A stronger second half performance has helped global alcoholic drinks giant Diageo to increase reported operating profit by 6.5% to £2.574b, aied by exchange rate movement, for the year ended June 30th 2010 as gains in developing international markets offset declines in the mature markets of North America and Europe. On a reported basis, net […]

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Nestle Completes Disposal of Alcon

  Nestle Completes Disposal of Alcon

Nestle has completed the sale of its remaining 52% stake in Alcon, the global eye care business, to Novartis for $28.3b.
Nestle acquired Alcon in 1977 for $280m. Over the years, Nestle supported Alcon’s R&D drive and international expansion, enabling the company to build a significant global leadership position in ophthalmology.
Paul Bulcke, chief executive of Nestle.
Taking […]

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European Organic Food Market Continues to Grow

  European Organic Food Market Continues to Grow

EU-27 demand for organic products continues to grow. The European organic consumer market is the biggest in the world, and was worth about $26b in 2008. The largest markets are in descending order Germany, France, the UK and Italy as they represent 72% of European organic sales. The highest market share and sales per person […]

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Mixed Views on UK Minimum Pricing For Alcohol Proposal

Last week British Prime Minister David Cameron backed councils across the country in their plans to implement a minimum price for alcohol. However, new data from YouGov SixthSense reveals that the public are undecided in their support for the proposal, which includes a law that each unit of alcohol must cost at least 50p.
47% of […]

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Good Performance From Glanbia as Irish Business Returns to Profit

  Good Performance From Glanbia as Irish Business Returns to Profit

John Moloney, group managing director of Glanbia.
Glanbia, the international nutritional ingredients and cheese group, has delivered strong top line revenue, profit and margin growth for the six months ended July 3rd 2010 as its Irish dairy ingredients business was restored to profit. Group profit before tax increased 58.4% to Eur60.2m on revenue up 9.7% to […]

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Strong Showing From Heineken

  Strong Showing From Heineken

Global brewer Heineken has produced a strong first half performance but remains cautious on the development of beer consumption in Europe and the US due to continued weak consumer spending and planned austerity measures across many countries. Heineken reported a 42% jump in net profit to Eur695 million, partly due to positive exceptional items, on […]

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Lactalis Acquisition of Puleva Dairy Cleared

  Lactalis Acquisition of Puleva Dairy Cleared

The European Commission has cleared the proposed acquisition by the French group Lactalis of Spanish group Ebro Puleva’s dairy business. The Commission concluded that the transaction would not significantly impede effective competition in Europe or Spain.
Lactalis manufactures and sells milk and dairy products, including a wide range of cheese, desserts and cream, in roughly 150 […]

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Northumberland Foods Goes Out of Business

English frozen vegetable producer Northumberland Foods has ceased trading with the loss of 250 jobs. The Morpeth-based company recently entered administration and a suitable buyer for the business could not be found following the eleventh hour collapse of a potential sale.

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Emmi Strengthens US Cheese Business

  Emmi Strengthens US Cheese Business

Swiss cheese producer Emmi has expanded its international business with the acquisition of US cheese specialist Cypress Grove Chevre. Based in California, Cypress Grove is well known in the US for fresh and ripened premium goat’s cheese specialties. Emmi has also increased its stake in New York-based CASP (Contract Aseptic & Specialty Packaging) to 100%. […]

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Efes Breweries Shows Improvement in Russia

  Efes Breweries Shows Improvement in Russia

Despite the continued adverse economic climate and the significant excise tax increase in Russia, one of its key markets, Efes Breweries International, which operates in the Commonwealth of Independent States (CIS), Eastern Europe and the Balkans, has reported higher volumes, revenues and EBITDA in the first half to June 30th 2010, marked by a major […]

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Approval For Vion’s Proposed Acquisition of Weyl

  Approval For Vion’s Proposed Acquisition of Weyl

The European Commission has cleared the proposed acquisition of Weyl by Vion, two Dutch producers of meat products. The Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.
Weyl is an international beef and calf processing company in bankruptcy. Weyl was founded […]

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Danone Purchases French Smoothie Maker

Danone has acquired Immedia, the third largest smoothie manufacturer in France, for an undisclosed sum. Immedia generated sales of Eur4m last year.

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Lindt & Sprüngli continues dynamics of long-term success

  Lindt & Sprüngli continues dynamics of long-term success

Lindt & Sprüngli continues its dynamics of long-term success of the previous years in terms of growth and profit after the transitional year 2009. Consumer sentiment improved slightly as the global economy slowly stabilized and showed the first visible signs of an upswing. Although most chocolate markets reported moderate growth in value terms over the […]

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Mitchells & Butlers announces the proposed disposal of 333 Non-Core Pubs for a cash consideration of £373m to Stonegate Pub Company Limited

  Mitchells & Butlers announces the proposed disposal of 333 Non-Core Pubs for a cash consideration of £373m to Stonegate Pub Company Limited

Mitchells & Butlers announces the proposed disposal of 333 Non-Core Pubs for a cash consideration of £373m to Stonegate Pub Company Limited, a company controlled by TDR Capital LLP. 
The disposal is in line with Mitchells & Butlers’ strategy to withdraw from the lower price, drinks-led market and the late night high street bars and venues […]

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Synergy Widens International Reach

  Synergy Widens International Reach

Synergy, one of the leading distilled spirits producers in Russia, has signed distribution agreements for exports of Beluga vodka to Iraq, Vietnam and India, the growing vodka markets in Middle East and Asia and strengthen brand visibility in the European Duty Free by signing a distribution agreement with one of the world’s leading duty free […]

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SABMiller Interested in Foster’s

  SABMiller Interested in Foster’s

SABMiller, the world’s second biggest brewer, is reported to be considering launching a £7b bid for the beer business of Foster’s, the Australian brewer and wine producer. Carlton & United Brewers, Foster’s beer operation, produces Victoria Bitter and Foster’s lager.
A successful bid by SABMiller would make it the biggest brewer in Australia and strengthen its […]

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Dairy Farmers to Increase Stake in Arla Foods UK

  Dairy Farmers to Increase Stake in Arla Foods UK

Arla Foods Milk Partnership, the British farmers group which supplies milk to dairy processor Arla Foods UK, is considering increasing its investment in the dairy processor. A final decision will be made following dialogue with farmer members of AFMP, in September 2010. Meanwhile, Arla Foods has confirmed that it will invest over £150m in a […]

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Campbell Considering Bid For United Biscuits

  Campbell Considering Bid For United Biscuits

US-based Campbell, the world’s largest soup company, is reported to be preparing a £1.5b break-up bid for United Biscuits, the British and international biscuits and snacks manufacturer. Campbell’s interest is in the biscuits part of United Biscuits, which includes the McVitie’s, Penguin, Jaffa Cakes and HobNobs brands. United Biscuits is also a major snacks manufacturer […]

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New insights from Danisco on xylanases

  New insights from Danisco on xylanases

Key papers from Danisco Animal Nutrition at the XIII European Poultry Conference, 23-27 August 2010, Tours, France, will be focusing on factors enhancing the response to xylanase in modern poultry diets.
Data to be presented include effects of xylanase source and grain hardness of wheat on response to xylanase in broiler diets. There will also be […]

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Cargill smallholder scheme receives RSPO sustainability certification

  Cargill smallholder scheme receives RSPO sustainability certification

Smallholders at Cargill’s oil palm plantation, PT. Hindoli in South Sumatra, Indonesia, have received Roundtable on Sustainable Palm Oil (RSPO) certification. This is the world’s first smallholder scheme to become certified under the RSPO’s Smallholder Principles & Criteria and is also another important milestone in Cargill’s commitment to producing palm oil in an environmentally sustainable […]

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Continued good improvement of volumes and operating profit for AAK

  Continued good improvement of volumes and operating profit for AAK

The positive development of volumes and operating profit for AarhusKarlshamn AB continued during the second quarter of 2010 compared with the corresponding quarter in 2009. Total volumes improved by 5 percent and operating profit improved by 12 percent to SEK 164 million (146). For comparable units (adjusted for divestments) and fixed exchange rates the operating […]

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European Business News – Week ending August 27, 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 […]

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Super whisky biofuel to power cars

  Super whisky biofuel to power cars

Topping up at the petrol pump is about to take an intriguing twist thanks to a new super biofuel made from whisky by-products. Edinburgh Napier University has filed a patent for the new biofuel, which can be used in ordinary cars without any special adaptions. The innovative fuel process has been developed over the last two years […]

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Symrise enters second half 2010 backed by strong earnings and profitability growth

  Symrise enters second half 2010 backed by strong earnings and profitability growth

Symrise AG looks back on a successful first half with significantly higher sales and profitability. In the first six months of the Fiscal Year 2010, Group sales rose 16.4 %, or 13.9 % at local currency. Symrise benefited in particular from the global economic recovery, an increase in new orders, the innovative products in the […]

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Graham Packaging’s U.K. Subsidiary and StarBrands Unveil New PET Packaging for ‘Sqezy’

  Graham Packaging’s U.K. Subsidiary and StarBrands Unveil New PET Packaging for ‘Sqezy’

Graham Packaging Company Inc.’s subsidiary in the United Kingdom, Graham Packaging Plastics Chalgrove, has teamed up with StarBrands Ltd. to unveil new PET packaging aimed at helping to revitalize the sales of Sqezy wash-up liquid. The historic brand, which popularized the phrase “Easy peasy lemon sqezy,” is being transformed under the ownership of StarBrands and […]

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Limited edition ranges launch just in Slime for a Spooky Halloween

  Limited edition ranges launch just in Slime for a Spooky Halloween

To help retailers capitalise on the extra sales opportunities at Halloween, McVitie’s Cake Company, part of United Biscuits UK, is launching two seasonal limited edition variants, McVitie’s Jaffa Cakes Lemon and Slime Cake Bars and Jaffa Cakes Spooky Mini Rolls.
Available to buy in a packs of five Cake Bars with an MRRP of £1.49, the […]

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Keeping the Northern Ireland Dairy Industry Competitive

  Keeping the Northern Ireland Dairy Industry Competitive

Northern Ireland’s dairy industry must aim for greater supply chain co-operation, more efficient farms and more added value products, according to a competitiveness study just published. The ‘Northern Ireland Dairy Industry Competitiveness Study’, which was undertaken by Promar International and jointly funded by the industry, DARDNI, and Invest NI, has been welcomed by Dairy UK […]

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Cott completes Cliffstar acquisition

  Cott completes Cliffstar acquisition

Cott Corporation announced today that it has completed its previously announced acquisition of substantially all of the assets and liabilities of Cliffstar Corporation and its affiliated companies for U.S. $500 million in cash, subject to adjustments for working capital, indebtedness and certain expenses. Cliffstar is entitled to additional contingent earnout consideration of up to a […]

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