Despite significant restructuring following the acquisition of
Pillsbury in 2001, US bakery and foods giant General Mills is
reported to be satisfied with its overall results for the first
quarter of fiscal 2004.
Northern Foods has continued its strategy of focusing on the
fast-growing convenience food sector with the sale of its Fox's
Confectionery unit. Will the troubled Fox's biscuit business be the
next unit put on the market?
The increasing popularity of chilled pasta meals across Europe has
helped drive up sales and profits at Belgian group Ter Beke in the
first half. And with a new acqusition in France set to boost sales
further in the second half, full...