Headlines > Markets
Nestlé to buy Australia's Uncle Tobys cereals, snack business
26-May-2006 - Nestle, the world's biggest foodmaker, has agreed to buy the Uncle Tobys cereal, soups and nutritious snacks brand from Burns Philp for A$890 million (€523.2m) to expand its range of healthier foods in Australia.
Kraft Australia to cut more than 300 jobs
26-May-2006 - Kraft Foods will axe 325 jobs at two of its Australian manufacturing sites under a two-year plan to reduce costs, it revealed on Wednesday.
Nestlé expands nutritious snack business
24-May-2006 - Nestlé is to strengthen its presence in the Australian nutritious snack market through the acquisition of the nation's Uncle Tobys snack business.
Wrigley declares new share dividend
22-May-2006 - The board of directors at Wrigley has declared a regular dividend of $0.256 on each share of common stock and each share of class B common stock for the three-month period beginning 1 August 2006.
ABF's African sugar offer shows global vision
22-May-2006 - ABF's offer to acquire 51 per cent of Illovo, Africa's largest sugar producer, underlines how the new EU sugar regime has forced European sugar producers to think truly globally.
Australian sugar tax remains in new budget
11-May-2006 - Australian food and beverage makers face another year of tax on sugar but some further tax deductions when buying machinery, shows the new budget.
Kraft and Premier Foods eye United Biscuits
10-May-2006 - US food giant Kraft is partnering with Britain's Premier Foods to launch a bid for United Biscuits, according to industry insiders.
Cadbury buoyed by ECJ tax ruling
05-May-2006 - The opinion of an advocate-general of the European Court of Justice on UK anti-tax avoidance rules could benefit multinationals such as confectioner Cadbury Schweppes.
CSM announces further streamlining measures
03-May-2006 - CSM's merger of two North American businesses is the latest move in a wide-ranging strategy to cut costs and achieve better operational focus.
Ginger processor says profit growth will continue
02-May-2006 - The world's largest producer of ginger for confectionery, Buderim Ginger, said on Friday that it expects to see higher profits this year, thanks to the long-term improvements made through its restructuring programme.
Scharffen Berger taps premium chocolate demand
28-Apr-2006 - A San Francisco-based confectioner is tapping demand for premium chocolate through careful attention to the entire chocolate-making process.
Novozymes reports solid start to 2006
28-Apr-2006 - Novozymes reported an increase in operating profit for the first quarter of 2006, providing a good basis for further expansion.
Wrigley unwraps record first quarter sales
27-Apr-2006 - Wrigley has earned a first quarter record $1.08 billion on the back of a 13 per cent sales increase and a 23 per cent increase in worldwide shipping.
ADM plans new cocoa plant
26-Apr-2006 - Agribusiness giant Archer Daniels Midland (ADM) is to build a new US cocoa processing facility in a move designed to meet growing demand for its cocoa ingredients.
Nestlé outperforms in Q1
25-Apr-2006 - Swiss food giant Nestlé has announced a first-quarter sales rise of 14.1 per cent to CHF22.8bn (€14.5bn), beating analyst expectations and reconfirming its full-year target of a five to six per cent growth rate.
Sudzucker faces tough 2006, say analysts
24-Apr-2006 - Sugar giant Sudzucker must work hard to guard against falling revenue this year despite internal restructuring programmes and expansion into other food sectors, warn analysts.
Hershey suffers flat sales
21-Apr-2006 - Iconic chocolate and snacks brand Hershey has announced disappointing sales figures, but posted a seven per cent rise in quarterly profit as the company works on product innovation and cost minimisation.
Kraft's tax rebate strengthens finances
20-Apr-2006 - Kraft Foods has recorded stable first quarter results, masking falling operating income with a favourable tax settlement and raising prices to combat spiralling production costs.
Investors buy APV Baker
14-Apr-2006 - A pair of British investors has bought APV Baker from a plant software firm.
Cadbury sells popcorn business
14-Apr-2006 - Leading confectioner and drinks company Cadbury Schweppes has announced plans to sell its UK-based popcorn and toffee divisions, as the company sets about tweaking its extensive global portfolio.
Revised credit rating underlines Nestlé's strength
13-Apr-2006 - Standard & Poor's has revised its Nestle outlook from negative to stable though it warns that its ratings could be lowered in the future.
Barry Callebaut results affected by late Easter
11-Apr-2006 - Barry Callebaut has attributed a decline in sales volume to a late Easter and a discontinuation of unprofitable contracts in the consumer business.
Wrigley identifies key factors behind growth
10-Apr-2006 - Wrigley used this week's annual meeting of shareholders to highlight the key areas that it thinks will fuel future growth.
Cargill involved in major Middle East sugar project
05-Apr-2006 - Construction of a million-tonne state-of-the-art sugar refinery in Syria is set to begin next week.
New sucralose source 'unlikely' to infringe on patents
04-Apr-2006 - Although it has not seen the fine detail, elements of Pharmed Medicare (PM)'s new sucralose process are unlikely to infringe upon Tate & Lyle's patent suite, according to Goldman Sachs.
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