Breaking News on Industrial Baking & Snacks

News > Markets

Bakkavor satisfies acquisitive appetite

Icelandic manufacturer Bakkavor has purchased two British food producers in as many days, securing its position as the UK's largest chilled foods supplier.

Leading noodle maker to expand beverage business

Tingyi, manufacturer of China's leading instant noodle brand, MasterKong, said sales of its ready to drink beverages surged in 2005, and additional capacity being added this year will continue growth...

Nestlé outperforms in Q1

Swiss food giant Nestlé has announced a first-quarter sales rise of 14.1 per cent to CHF22.8bn (€14.5bn), beating analyst expectations and reconfirming its full-year target of a five to six...

Sudzucker faces tough 2006, say analysts

Sugar giant Sudzucker must work hard to guard against falling revenue this year despite internal restructuring programmes and expansion into other food sectors, warn analysts.

Kraft's tax rebate strengthens finances

Kraft Foods has recorded stable first quarter results, masking falling operating income with a favourable tax settlement and raising prices to combat spiralling production costs.

ABF plans sugar expansion despite dent in profits

Associated British Foods (ABF), owner of British Sugar, has reported a first-half profit fall of 13 per cent and warned that earnings would likely be affected by continued difficulties in...

Investors buy APV Baker

A pair of British investors has bought APV Baker from a plant software firm.

Cadbury sells popcorn business

Leading confectioner and drinks company Cadbury Schweppes has announced plans to sell its UK-based popcorn and toffee divisions, as the company sets about tweaking its extensive global portfolio.

Revised credit rating underlines Nestlé's strength

Standard & Poor's has revised its Nestle outlook from negative to stable though it warns that its ratings could be lowered in the future.

CSM streamlines to achieve cost savings

CSM's decision to close a production facility in the US is the latest in a series of initiatives designed to consolidate the Dutch group's market position.

Cargill confident after EC clears Degussa deal

Cargill has welcomed the EC's decision to approve its acquisition of Degussa's food ingredients operations, claiming that the decision will accelerate the company's focus on creating value and growth for...

United Biscuits records huge profit growth

Despite a tough trading environment and serious fire damage to a processing plant, British snack firm United Biscuits has delivered a sizeable full-year profit rise of 25 per cent.

Real Good Food strengthens its position in bakery

Real Good Food Company (RGFC) has turned around its margins from a small loss to a modest five per cent, as a result of its acquisition strategy in the food...

Rising costs impair profit for General Mills

Like many other food producers General Mills is suffering from rising costs, which are holding back profits, despite increasing sales, according to the latest financial report.

ABF feels tough trading environment

Associated British Foods has become the latest manufacturer to show concern over rising energy prices and the competitive retail environment - but insists half-year profits will be in line with...

Nestlé anticipates improved 2006

Nestle has acknowledged its mistakes in confectionery over 2005 and expects improved sales in 2006.

CSM to sell European sugar operations

CSM plans to sell its sugar division in order to concentrate on high value ingredients.

Tayto ends Golden Wonder turmoil

Northern Irish snack manufacturer Tayto has offered administrators an attractive bid for the remaining Golden Wonder plant, but will absorb the business into its own operations rather than take the...

ADM increases operating profits on less than encouraging sales

Sales at Archer Daniels Midland (ADM) increased during the company's financial second quarter signaling a recovery from the effects of the US hurricanes last year.

Kraft cuts 8,000 jobs to offset spiralling costs

US manufacturer Kraft Foods has announced a massive extension to its three-year restructuring plan that will see a further 8,000 jobs and 20 production plants go, as the company absorbs...

Kellogg Q4 results strong but European sales slow

The world's leading cereal manufacturer Kellogg has announced a 3.2 per cent rise in quarterly net profit as cost-cutting techniques continue to keep rising fuel and ingredients expenses at bay.

Zetar seeks next acquisition in snack market

After encouraging first half 2005 results, food buyout company Zetar will look to build in 2006 by acquiring a snack foods company.

Cost cuts to balance high input prices, Nestlé says

Prices for raw materials and energy are forecast to rise by around five to 10 per cent this year, but Nestlé believes cost cuts will balance the equation out, the...

Cargill sales up, acquisitions, expansion high

As Cargill continues to expand its global supply chain, the company yesterday reported a 19 percent rise in its second quarter net earnings.

Golden Wonder's January sale

Following last week's collapse of British snack maker Golden Wonder, more than 60 prospective buyers have approached the administrators hoping to acquire the rights to some of Britain's most well...

Key Industry Events


Access all events listing

Our events, Shows & Conferences...

Live Supplier Webinars

Mapping the Snack Category: Key Trends in Snacking
Almond Board of California

On demand Supplier Webinars

New Data: How to Tap the Rising Demand for Nuts
Turkish Hazelnut Promotion Group
All supplier webinars