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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".

Kraft feels the pressure of rising energy and packaging costs

Kraft Foods has confirmed that it is increasing prices of many of its products in the United States by an average of 3.9 per cent because of rising energy and...

Sara Lee announces sale of European branded apparel business

US bakery and international consumer goods manufacturer Sara Lee has announced the sale of its European branded apparel business as part of the company's bid to redefine its over-stretched product...

Burns Philp goes to market to raise acquisition funds

Burns Philp's plan to raise A$2.1 billion (€1.3 billion) from a share offering in its Goodman Fielder business underlines the group's ambitions to dominate the Australasian ingredients market.

Burns Philp to sell Goodman Fielder, reports

Leading baking ingredients supplier Burns Philp & Co postponed an IPO of its Goodman Fielder unit after getting an offer for the business, according to reports today.

Loders Croklaan targets trans fat free demand

Netherlands-based Loders Croklaan is expanding its palm oil processing facilities in the US in order to tap the growing demand for trans fat free oil.

World's largest malting plant targets growing demand

Malteurop's new malting unit, considered to be the largest in the world, is designed to meet increasing demand for a highly nutritional ingredient.

Greggs sales hit by slowing retail market

UK bakery group Greggs Plc has said its sales have slowed in recent weeks on the back of a poor retail market.

Warburtons expands to make fresh bread available faster

UK family baker Warburtons has bought up the Rathbones bakery in Rogerstone, Wales, in a move to keep up with growing demand for its products, the group announced last week.

Sara Lee profits plunge as transformation continues

Leading US bakery Sara Lee yesterday reported a decline in sales in its first quarter, with net income hit hard as the company enters the ninth month in its five-year...

Panera raises outlook after strong Q3 results

US bakery franchise Panera Bread this week posted strong third quarter results, boosted by good bakery-cafe sales, prompting the company to raise its outlook for the fourth quarter.

Kellogg reveals sluggish European sales

Kellogg's strong third quarter performance in America and Asia Pacific offset the company's continuing sluggish European sales, it emerged this week.

Enzyme giant Novozymes reports solid growth

Continual productivity improvements are behind Novozymes' solid performance since it was floated on the stock market in 2000, according to CEO Steen Riisgaard.

Sara Lee to sell coffee business, focus on food

US bakery and international consumer goods manufacturer Sara Lee has signed an agreement to sell its US retail coffee business as part of the company's bid to redefine its over-stretched...

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