Danisco’s fine Q3 results may make some investors less willing to sell, believing the company can bring profit alone or that DuPont may be persuaded to raise its offer, say commentators.
Confectionery firm Hershey today announced an average wholesale
price increase of three per cent across the US, as the company
moves to improve on the disastrous profit loss posted last week for
the fourth quarter.
US-based Hershey yesterday posted a Q4 operating profit drop of 65
per cent, as high commodity costs, restructuring charges and
competitive US market conditions continue to dog the confectionery
giant.
Cereal manufacturer Kellogg today revealed plans to invest $40m in
expanding its institute for food and nutrition research, claiming
that sales from innovation have doubled since it first opened in
1997.
Controlling costs with an iron hand and upping sales prices has
helped Danisco's ingredients division towards Q1 growth, against an
overall profit dip as a result of ongoing sugar reform.
The effects of last year's hurricanes are still making themselves
felt in the orange juice industry, where the price of juice is
rising, reports Philippa Nuttall.
