Kraft Foods has confirmed that it is increasing prices of many of
its products in the United States by an average of 3.9 per cent
because of rising energy and packaging costs caused by higher
global oil prices.
Food giant Kraft, which saw earnings drop 13.5 percent in third
quarter earnings yesterday, moved a step closer to being spun off
from parent Altria after a $280 billion government lawsuit against
the tobacco industry fell through.
On the back of growing consumer interest in healthy eating, leading
US food maker Kraft Foods is focusing on its increasingly
successful health and wellness segment, announcing plans to further
limit products advertised to children...
Food giant Nestlé is being squeezed by tough international
confectionery markets, its modest overall half-year sales dragged
down by disappointing performances from its chocolate,
confectionery and biscuit categories.
British confectionery and soft drinks giant Cadbury Schweppes may
be turning its focus to the confectionery market, if recent
speculation on a decision to sell its European soft drinks business