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General Mills profit decline indicates industry-wide trend

General Mills is the latest food manufacturer to report a decline in net profit this year, and again the blame goes on raw material price hikes and fierce competition in...

Majority Aarhus slice up for sale?

The majority shareholder in Danish vegetable oil firm Aarhus United could soon place its considerable stake on the market, citing a potential difference in long-term investment interests.

Nutrinova raises sorbate prices

German-based ingredients firm Nutrinova has announced a double-digit price hike for its sorbate range of additives, used increasingly by global food developers to preserve food products such as confectionery and...

Yeast acquisitions hold up profit for UK ABF

Despite a warning in April that raw materials and currency would have an impact on second half earnings, the UK ingredients firm Associated British Foods, which in July laid down...

Inter Link reports cake sale rise

The meteoric rise of Inter Link Foods continues as the company confirmed its status as Britain's thrid biggest cake-maker by announcing another sales increase since April.

Karlshamns buys up British flaked fats

Swedish oils and fats firm Karlshamns, which saw its profits slip at the end of 2003, has acquired UK flaked fats company Kelanco, and with it a drive into value-added...

Sugar firm buys stronger position in cake ingredients

In a move to focus on its retail business, Swiss baking aid firm Hero has sold UK bakery ingredients division Renshaw Scott to UK sugar ingredients company Napier Brown Foods.

Aarhus sees improving sales in first half

First half sales at Aarhus United fell 3 per cent, eroded by price competition in bulk oils, but improved volumes, particularly in Mexico, and reduced costs helped it generate solid...

Krispy Kreme running out of ideas?

Krispy Kreme is fast becoming the lame duck of the New York Stock Exchange as investors desert the US maker of doughnuts amid concerns over the rising levels of obesity,...

Healthy results for Kerry

Ongoing demand for healthy products helped Irish food and ingredients firm Kerry to a strong first half performance. And with recent acquisitions pushing it into other high growth sectors, there...

CSM considers selling sugar confectionery unit

CSM, the Dutch food ingredients company, is considering the sale of its sugar confectionery unit in order to concentrate on its core bakery supplies and sugar operations - despite a...

IBC closes Buffalo bakery

Interstate Bakeries Corporation (IBC) has continued its cost-cutting programme with the closure of yet another bakery, in Buffalo, New York. The closure, which will take place in October, will see...

IBC struggles to keep its head above water

Another $100 million has been thrown into the beleaguered US bakery wholesaler, Interstate Bakery Corporation (IBC) in what appears to be a final desperate move to keep the group afloat,...

Cirio sells bakery unit

Cirio, the Italian food group which went bankrupt in 2002, has reached an agreement to sell its industrial bakery unit to a family-owned group, a further step on the road...

Kellogg sets up European HQ in Ireland

US cereals and snacks group Kellogg is to centralise its European operations in a new office in Ireland, giving it a major presence in the market with the world's highest...

Emulsifier expansion for Palsgaard

Faced with capacity problems due to growing business over recent years Danish emulsifier supplier Palsgaard has poured €10 million into expanding its emulsifier facilities in Denmark.

Givaudan achieves double-digit profit growth

Cost-cutting measures are paying off for the world's largest fragrance and flavour company with Givaudan pulling in a double-digit growth in profit for the first half of 2004.

Risk management tools pay off for Cargill

Despite a squeeze on ingredients prices and global volatility in key commodities, adept risk management tools help agri-giant Cargill deliver a strong performance for the year, with sales in the...

Enodis sees upturn as client confidence improves

Enodis, the world's largest manufacturer of commercial foodservice equipment such as ovens and mixers, reported better profits but slightly worse sales due to the weak dollar, increased steel prices and...

Greggs enjoys earnings growth

With all the new health consciousness and fast lifestyles, a significant portion of UK consumers still find a slot for a good sandwich bite or cake indulgence to the satisfaction...

George Weston seeks profits in premium products

Hurt by rising operating costs and a shift in consumer taste against traditional white flour based products, Canadian food giant George Weston has embarked on a search for better margins...

Bakery Services suffers from retailers' convenience drive

UK group Bakery Services is being increasingly hamstrung by a business model which means that more than 80 per cent of its revenue is exposed to the changing strategy of...

Danone changes Irish partner

Just 10 days after agreeing to sell its Irish Biscuits unit to Britain's United Biscuits, French group Danone has changed its mind and sold the business to local player Fruitfield...

Kellogg rides out the low-carb storm

The latest figures from Kellogg suggest that the US-based cereal and snacks group has weathered the low-carb dieting storm with relative ease, helped by a combination of new product launches...

Strong growth for UK malt ingredients firm

Marketing and sales strategy pays off for UK-based firm Muntons Malted Ingredients (MMI) with turnover increasing more than three times in as many years.

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