Walker’s Shortbread has seen turnover rise in the past financial year - signalling a whetted interest for the ‘medieval biscuit bread’ post-pandemic - but pressures on global supply chains, the conflict in Ukraine and a challenging inflationary environment...
Shares in the heavily indebted company have plunged following the revelation of a trifecta of issues, including a $15.4bn write-down, a Securities & Exchange Commission (SEC) probe into its accounting practices and a tepid 2019 outlook that means...
The baker – which makes cakes under licensed brands such as Disney, Thorntons and Mary Berry, as well as artisan breads for supermarkets, restaurants and cafes – has posted a 3.4% decline in full year revenue, citing increasing ingredient costs and a...
Pepsi posted a second-quarter profit that topped analysts’ estimates, helped by strong sales of Frito-Lay and other salty snacks, which offset pressures as health conscious consumers shift away from colas.
Raisio, the Finnish food group, is forging ahead with its strategy to expand in new markets and categories despite operational challenges hitting first-half results, interim chief executive Jarmo Puputti tells FoodNavigator.
RPC has unveiled multi-million pound plans to expand its UK operations to tap into the growing trend from retailers for promotional packs and announced record full year net profits as the addition of Superfos accelerates earnings.
The global commodity market continues to worry confectionery and
sugar firms, as AB Foods profit is dented by sugar reforms, Nestle
combats costs with price hikes, and Cadbury may be ripe for
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 transformation strategy to shed
Settling UK wheat prices have helped Carr's Milling Industries to
get its food business back on track in the first of half of 2005,
despite freak floods and fire hitting sales hard, reports Chris
South American and Asian yeast markets bring strong gains in the
first half, offsetting weaker markets in the US and Turkey,
London-based sugar and ingredients group Associated British Foods
reports today, writes Lindsey Partos.
Kellogg, the cereal and snacks maker, has raised its full-year
profit forecast after an excellent third quarter performance which
saw both sales and profits rise significantly. The gains came as a
result of new product launches, brand...
Suominen, the Finland-based provider of flexible packaging, has
announced a drop in both its sales and its profits for the first
six months of this year, although sales of food packaging have
Dutch life science company DSM today posted a net profit of €959
million. Although DSM Fine Chemicals posted slightly lower sales
and a lower operating profit, attributable to the pharma products
and aspartame businesses, DSM Food...