Breaking News on Industrial Baking & Snacks

News > Markets

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...

Northern Foods slashes profit forecast

UK-based Northern Foods has issued a profit warning after failing to offset rising production costs with necessary price hikes.

Golden Wonder gone for good

Renowned UK crisp manufacturer Golden Wonder has filed for bankruptcy following more than a decade of disappointing sales and lack of direction.

CNS gains control of IP on FiberChoice

CNS, the Breathe Right company, has announced its takeover of a portfolio of domestic and international patents related to FiberChoice as it begins to grow the successful brand.

Commission investigates Cargill's Degussa acquisition

The European Commission has opened an in-depth investigation into Cargill's take-over of Degussa's food ingredients business.

Glisten expand both at home and away

UK-based confectionery group Glisten has acquired Lyme Regis Fine Foods Limited and announced details of an office in Rotterdam with the aim of increasing foreign sales.

PepsiCo beats Coca-Cola in market value

PepsiCo's successful diversity and faster action on health has taken it ahead of Coca-Cola in the market for the first time in 112 years, but don't be fooled into thinking...

PepsiCo strengthens position in snack market

PepsiCo has announced two acquisitions to bolster its snack food portfolio: Sara Lee's European nut business and Stacy's Pita Chip Co, the biggest pita chip maker in the US.

Finsbury Foods bakery spending spree

UK speciality cake and bread maker Finsbury Foods has snapped up two Scottish bakers following an impressive financial performance which allowed the company to amass a £10 million war chest...

CSM responds to shareholder criticism

Dutch ingredients firm CSM has responding swiftly to shareholder concerns over the firm's "poor operational and financial performance".

Key Industry Events