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
Leading US confectionery firm Hershey announced last week its plans
to acquire Californian-based chocolate maker Scharffen Berger in a
deal which the company hopes will allow it to break into the niche
premium quality dark chocolate...
British confectionery and soft drinks company Cadbury Schweppes
yesterday revelled in its best performance for a decade, with
half-year results flattered by a trade buy-up of extra stocks of
chocolate in the UK, reports Lorraine Heller.