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Wessanen closes cereal unit

Wessanen, the Dutch wellness foods group, is to close one of its British breakfast cereal production units as part of its cost cutting programme, Operation Phoenix.

IFF digs deep for new bakery flavour centre

Pinpointing growth areas in the food industry, leading US flavours company International Flavors & Fragrances (IFF) is to break ground on a new facility in the bakery and savoury application...

Inter Link teams up with the House of Mouse

Speciality cakes is one of the fastest-moving sectors in the UK baked goods market, and producers are continually looking for new products to extend their presence in this sector.

Slovak bakeries merge

Medea, a baked goods producer based in Kosice, has been acquired by bakery and pasta maker Petrzalka for SK173.6 million.

Winter warms Greggs results

Sales of pastries and baked goods suffered last summer because of the exceptionally hot weather, but an excellent performance during the colder winter months helped UK baked goods and sandwich...

Kalev takes control of biscuit maker

Kalev, Estonia's leading confectionery producers, has acquired 99.1 per cent of compatriot Jarle, a producer of sweet and savoury baked goods, according to the Baltic News Service.

Grain trader gets EBRD boost

Yu-Point, the largest grain trading company in Serbia and Montenegro, is about to expand further with the help of a €12 million loan from the European Bank for Reconstruction and...

Dawn of new era for Bunge bakery business

Bunge, the world's top oilseed processor, last week said it was looking to cream off a gain of about $2 million, or 2 cents per share, on the sale of...

Emerging markets and health lift Danisco H1 results

Set against the backdrop of difficult trading conditions for branded food manufacturers, raw material prices and a negative currency impact played down first half figures for ingredients giant Danisco.

JRS tackles dietary fibre market

Demand for functional ingredients in Europe is far from slackening with European buyers set to reach 5 million by 2007. Ingredients companies, such as J. Rettenmaier & Sons (JRS), are...

Defra mistake fuels flour problems

As if the major droughts in Europe, low world wheat stocks and further speculation that China is importing large amounts of raw materials wasn't enough to fuel further debate over...

MGP pours millions into wheat ingredients

Moving deeper into speciality ingredients US company MGP Ingredients has earmarked $1.7 million to expand its line of textured wheat proteins and wheat protein- and starch-based resins. The investment comes...

Bunge sheds baking business

Hot on the heels of weak third quarter results, US agri-giant Bunge said on Tuesday that it has signed a definitive agreement to sell its bakery business to US company...

Domino's bankrupt in Israel

Omni Foods, the Israeli franchise holder of Domino's Pizza, yesterday issued a trading statement to the Tel Aviv Stock Exchange announcing that the company is ceasing operations in the area,...

Bulk oil margins eat into Aarhus bottom line

Danish oils and fats company Aarhus United saw third quarter profit falling by over 50 per cent as reduced margins, lower exchange rates, a decline in bulk oil sales and...

Campbell Soup Company profits grow

Campbell Soup Company reported yesterday that profits for the first quarter of fiscal 2004 were up 32 per cent from the comparative period last year....

New look for Bella Pasta

Major restaurant group Tragus Holdings yesterday said it would re-brand its entire division of 64 Bella Pasta restaurants, after posting maiden pre-tax profits of £5.7 million (€8.19 million.)

Another British icon goes west

Just a few weeks after Unilever sold its Ambrosia creamed rice brand, another iconic British food brand has changed hands. Weetabix , the family-owned company best-known...

EU funding to up acrylamide awareness

European research into the potential carcinogen acrylamide has received a massive injection of cash to boost the biggest international project to date on toxic substances...

RHM agree sale of Pasta Foods

RHM, one of the largest food retailers in the UK and Ireland has announced its sale of Pasta Foods LTD to a management buy-out team...

Uniq stresses underlying growth

Uniq , the prepared food group which used to be the Unigate dairy company, has reported growth in sales and profits from continuing operations for the...

Not so sweet for Tate and Lyle

Major British sugar and sweetener group Tate and Lyle has reported a sixper cent decrease in half year profits today and the success of agreementsfor future prices for it starches...

Ukraine faces food price rise

Following low wheat crop yields, analysts are warning that Ukraine isthreatened with increasing food prices, particularly with respect to breadand bakery produce. The rise in...

Shift to grocery boosts ABF

An increased presence in the branded food sector helped Associated British Foods lift its profits by 10 per cent to £473 million in the year...

Kellogg bullish on full-year prospects

A good third quarter performance in both sales and profits has prompted breakfast cereal maker Kellogg to raise its full-year earnings estimates. The company said...

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