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Food finance and prices
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The food industry is in constant financial motion; there’s always some company snapping up the assets of another, not to mention grappling with fluctuating costs of commodities. The latest money moves can have a big impact on ingredient supply, so it pays to keep up to date. |
Price pitched high for organics in France
17-Nov-2009 - Organic products sold at France's big retailers can cost up to 72 per cent more than their non-organic equivalent, finds fresh research that brings the price-organic debate into sharp focus.
Europeans’ Christmas food spend to remain stagnant
17-Nov-2009 - Food and drink makers in Europe can expect little change from last year's fallen Christmas figures but food spending could suffer less than other consumer goods, predicts a report from Deloitte.
Barry Callebaut profits grow as chocolate market shrinks
13-Nov-2009 - Chocolate maker Barry Callebaut has reported increased profits and sales volumes for the full 2008/09 fiscal year, despite shrinking global chocolate consumption.
EU competition watchdog to rule on Kraft bid next month
12-Nov-2009 - The European Commission has set a one-month deadline to rule on the possible hostile takeover of Cadbury by US food giant Kraft, the EU competition regulator said on Wednesday.
AAK seeking acquisitions
12-Nov-2009 - The growth and savings made by AarhusKarlshamn (AAK) since its merger have set it up to start casting about for new acquisitions.
Kraft’s bid is ‘contemptuous’, says analyst
10-Nov-2009 - Even if Kraft intends to increase its bid for Cadbury, its latest offer has probably managed to upset both the board and shareholders, says Andrew Wood, senior research analyst at Sanford C. Bernstein.
Sucralose sales bouncing back for Tate & Lyle
06-Nov-2009 - Tate & Lyle has seen a new surge in sucralose sales in the last 6 months thanks to customers restocking after running down amassed supplies; and stocks at the mothballed US site are expected to run down by the year’s end.
Symrise results show recovery in third quarter as destocking slows
05-Nov-2009 - Symrise third quarter sales show a marked ‘upswing’ as destocking came to an end with both flavour and fragrance segments showing positive growth.
Bioscience brings growth for Chr Hansen
04-Nov-2009 - Chr Hansen’s refocus on bioscience over the last four years, and a pipeline of new products, has yielded yet another year of growth in both sales and profits that defies the economic downturn.
ABF acting on enzymes and yeast potential
03-Nov-2009 - ABF Ingredients is taking advantage of high demand in enzymes and yeast, with new capacity coming on board this year or next. But for the last year, growth was driven largely by currency benefits.
Commission tackles food price transparency and fair practices
29-Oct-2009 - The European Commission has laid out a series of steps to improve supply chain relations in the food chain, and has launched a new tool to help ensure price transparency between actors.
Climate change to strike UK food prices, claims report
29-Oct-2009 - The price of staple foods in the UK could soar to four and a half times above inflation by 2030 unless developed countries slash their greenhouse gas emissions, warns a new report from Friends of the Earth.
Novozymes retains positive outlook after Q3 results
28-Oct-2009 - Novozymes has reported a better than forecast profit in the third quarter of 2009, on the back of higher sales volumes and better productivity – although sales of food enzymes have fallen.
Tate & Lyle to sell stakes in Saudi and Egyptian sugar refineries
27-Oct-2009 - Tate & Lyle has reached an agreement to sell its minority stake in sugar refineries in Saudi Arabia and Egypt to Saudi-based sugar refiner Savola, the companies have said.
Special comment
Fat chance for action on World Food Day
16-Oct-2009 - ‘Hunger down 50 per cent this year’, ‘Malnutrition eradicated in Africa’. Alas, dream headlines not gracing any newspapers this World Food Day. But if we hope to read them one day, governments, industry – and yes, individuals – need to stop thinking of their own interests first.
Nostalgia boosts UK food market growth
16-Oct-2009 - Nostalgic and ‘retro’ foods have helped drive continued sales value growth in the UK food and beverage market even as the country entered recession, according to a new report from Leatherhead Food Research.
Consumers want value for the long haul, says IGD
13-Oct-2009 - New habits die hard – at least, so the latest research on UK shoppers indicate, as more than half of those questioned by IGD said they will continue to be careful about spending even after the recession has ended.
Brits’ love of chocolate feeds sales growth
09-Oct-2009 - British people spend more money on chocolate than any other Europeans – and sales continue to grow, according to new figures from Mintel.
Firmenich plans post-recession with partnerships, innovation
08-Oct-2009 - Sweet goods, snacks and soups were amongst the categories that performed well for Firmenich in a recession struck year in which sales fell 4.3 per cent overall
ADM buys Czech oilseed plant
07-Oct-2009 - Archer Daniels Midland has made a new move to increase its precence in the Eastern European oilseed processing by acquiring assets of ViaChem Group in Olomouc, Czech Republic.
Food prices could triple with climate change: Report
01-Oct-2009 - Food prices could more than triple by 2050 as the climate changes, according to a new report from the International Food Policy Research Institute (IFPRI).
Danone splits from Wahaha; not talking to Mead
30-Sep-2009 - Danone’s troubled relationship with China’s Wahaha looks finally to be at an end; and rumours of a new deal with Mead Johnson over baby food are flatly denied.
Naturex merger to double 2009 earnings
28-Sep-2009 - Naturex, the French-based botanicals giant that recently acquired the ingredients business of Spanish company, Natraceutical Group, will earn €185m in 2009 – up from its 2008 income of €93.2m, as it announced details of the deal.
Kraft reportedly prepares hostile bid for Cadbury
28-Sep-2009 - Kraft Foods is reportedly preparing a hostile bid for Cadbury three weeks after the confectionery company rejected a £10.2bn ($16.7bn) offering.
PureCircle reviews ‘transformation’, eyes long term
23-Sep-2009 - PureCircle has reported a huge boom in sales in the “transformational” 2009 financial year, and has credit facilities that will allow it to expand as stevia sweeteners move towards the big time.
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