Campbell’s fails to heat up soup sales as profit slips 5%
The Campbell Soup Company saw its profit fall 5.4% on declining soup volumes and higher costs in the third quarter, although sales in its US beverages and snacking segments were up.
Archives for May 21, 2012
Low-sodium HVP solves long-standing ingredient challenge, claims Innova
Innova has developed a new low-sodium hydrolyzed vegetable protein (HVP), which it claims solves a riddle that has plagued food scientists for decades – how to create a low-sodium HVP without relying on potassium chloride.
Cocoa deficit to bring prices higher, predicts Rabobank
A consecutive deficit in 2012/13 is set to move cocoa prices higher as supply struggles to meet rising demand for chocolate products in Asia, according to financial services group Rabobank.
ConAgra Foods snaps up Kangaroo Brands’ private label pita chips business
ConAgra Foods' buying spree has continued with the acquisition of Wisconsin-based Kangaroo Brands’ private label pita chips business - its fourth deal in the 2012 fiscal year.
Nature’s One step-up efforts to cut arsenic levels in baby formula
Organic infant formula manufacturer Nature’s One will step-up its efforts to minimise and eliminate the presence of environmental contaminants such as arsenic in its products.
Attorney: POM ruling is a 'stunning rejection' of FTC's stance on 'gold standard' clinical trials to support product claims
While POM Wonderful does not emerge from Michael Chappell’s 335-page ruling smelling entirely of roses, it has successfully challenged the accepted wisdom that firms can only make claims about food or supplements if they are backed at least two ‘gold...
General Mills to cut 850 jobs in cost savings plan
General Mills intends to cut 850 jobs globally as part of a cost savings plan, the company said Tuesday.