Burtons Foods boss Ben Clarke says he remains "bullish" about the prospects for the UK biscuit market despite announcing proposals to close one of his firm's four UK biscuit factories with the loss of 342 jobs and make a further 70 staff...
US firm Tasty Baking’s recent fiscal difficulties reflect the fact that nostalgia and brand recognition are not sufficient enough during continued economic uncertainty and rising commodity costs, says a Datamonitor consumer analyst.
Gluten-free bakery ingredients had a strong quarter for US supplier Penford, which had a decline in overall profit for its first quarter 2011 but a rise in consolidated sales to over $72m.
Cereal and snack manufacturer General Mills posted lower than expected Q2 results yesterday as commodity prices increase and product prices become more competitive.
Nut and snack maker Diamond Foods has increased its outlook for fiscal year 2011 after volumes rose 40 per cent in Q1 following the acquisition of Kettle Foods.
Premier Foods will need to turn things around pretty quickly over the coming months or patience in its chief executive could run out, City analysts and corporate finance sources have warned.
Britain's biggest biscuit producer, United Biscuits, is aiming to drive growth across the biscuit and cake categories in 2011 through reformulation of products for a stronger health positioning as well as updating packaging, amid ongoing divesture...
When PepsiCo put up $5.4bn last week to acquire Wimm-Bill-Dann, it was seduced by the promise of high revenue growth but like any high-yield investment the Russian deal does not come without risks.
Rice bran ingredient and nutraceutical supplier NutraCea has emerged from Chapter 11 bankruptcy after just over a year – a move that allowed it to restructure and reduce overheads, the company has said.
Indulgence Patisserie is pumping £0.75m into converting a former metal fabrication facility adjacent to its current site into a second desserts manufacturing facility that will more than double its production capacity.
The owners of Unifine Food & Bake Ingredients are seeking a buyer for the pastry ingredients supplier, with Royal Cosun saying it has retained an investment house to conduct a “comprehensive review of all strategic options.”
Kerry Group has strengthened its presence in Asia-Pacific region after acquiring General Mills’ Australian bakery businesses for a sum believed to be around €20m.
