SUBSCRIBE

Breaking News on Industrial Baking & Snacks

News > Markets

Nutrinova settles patent case over sweetener

Nutrinova has today said that it has settled two lawsuits against the Ingredient House relating to patent infringements and theft of trade secrets.

CSM passes on higher raw material costs

Bakery ingredients firm CSM has reported strong sales for 2007, after increased raw material costs were successfully passed on to customers.

Fairtrade branded unfair by UK think tank

A UK-based policy institute this week slammed Fairtrade, saying that the practice distorts the market and traps some of the world's poorest farmers in a cycle of poverty.

Heinz margins dip over higher costs

An increase in commodity and marketing costs led Heinz to yesterday report slightly lower margins for the third quarter 2008, despite sales and operating profit growth.

Bakery turnaround boosts ABF profits

Associated British Foods (ABF) yesterday forecast that profits from the grocery division, which includes bakery products, will be much higher than the £20m loss posted last year.

Price hikes spell financial troubles for Premier

Soaring commodity costs have sent Premier Foods share prices tumbling and may cause the company to breach its banking covenants, according to analysts.

Weekly Comment

Supplements - do we ask too much?

Taking a range of supplements from vitamin A to zinc is becoming part of everyday life. But as the latest study is published questioning their efficacy, people could be left...

Less concern over salt, fat and food safety, says UK survey

The latest consumer survey conducted by the UK's Food Standards Agency points to a drop in concern about salt and fat levels in foods, which the agency says reinforces the...

News briefs: Canada Bread, Campbell and Barilla

In financial news, Canada Bread keeps profits steady through frozen bread sales, Campbell suffers from high input and commodity costs, and Barilla may be looking to sell its German bakery...

Campaigners reject claims GM answer to food prices

Europe must scrap its biofuel targets to combat the upward spiral of food prices, say green campaigners, discarding claiming that genetically modified organisms (GMOs) are the answer.

Kraft, Sara Lee predict 2008 profit growth

Global food firms Kraft and Sara Lee yesterday said they expected to experience growth over the course of 2008, despite the impact of the current commodity squeeze.

Quest acquisition enables Givaudan strategy shift

Givaudan achieved savings by integrating Quest International ahead of plan, increasing its product portfolio and allowing it to refocus on higher value-adding ingredients.

Cadbury scraps shareholder payout after profit drop

Cadbury today said the demerger of its beverage arm will no longer result in any capital return to its shareholders, as the company reported profit losses for the tax year 2007.

Ghana pledges sustainable cocoa push - report

The Ghanaian cocoa board is planning to significantly step up cocoa production in the country over the next three years in a nationwide shake-up of how the crop is farmed,...

Weekly comment

Making a meal out of saturated fat

The food industry across Europe needs to make a big effort to reduce saturated fat in food regardless of whether national agencies set targets - and it should not wait...

Industry fights bill on food ad watershed

The UK Food and Drink Federation (FDF) is opposing a private members bill that pushes for a 9pm watershed on advertising unhealthy foods, condemning it as 'disproportionate' and 'contradictory'.  

Panera Bread margins as wheat costs rise

Panera Bread yesterday posted a 3.2 percentage point loss in margins, as rising wheat costs put a strain on its operations.

Fats and oils will increase in price, report predicts

Large price increases for fats and oils have been predicted in a 10-year forecast by the United States Department of Agriculture (USDA).

News briefs: Ralcorp, Trian and butter protection

In financial news this week; Ralcorp posts first quarter profit sales increases, Trian attempts to control Wendy's executive board, and an Australian baker strengthens security after the value of his...

CIAA flags food and drink innovation shortfall

The European food and drink manufacturing industry is performing below average on nine out of 12 indicators of innovation, says a new report from the CIAA that highlights the need...

Weekly Comment

The ethical cocoa confusion

While most consumers agree that ethically-sourced cocoa is no bad thing, an ever increasing number of different schemes risks muddying the issue and puzzling chocolate fans.

PepsiCo margins fall despite profit gains

Beverage and snack company PepsiCo last week posted a 10.3 per cent increase in operating profit for the tax year ending 30 December 2007, but higher overall costs led to...

Mars, Nestle promise ethical cocoa supply

Global confectioners Mars and Nestle have joined a sustainable cocoa programme, which aims to establish a traceability system for all farmers in the Ivory Coast.

Overseas sales boost Sara Lee Q2 profit

US-based food and body care company Sara Lee yesterday posted profit gains for the second quarter of the fiscal year 2008, with particularly strong performances from the international beverage and...

Fine and flavour cocoa export market grows

A panel of experts recommend that more countries be recognised as fine or flavour cocoa producing countries in order to provide new opportunities for trade.

Key Industry Events

 

Access all events listing

Our events, Shows & Conferences...