A slowdown in biscuit sales of around 6 per cent took its toll on
third quarter results at Northern Foods, the UK's leading producer
of own label foods for the supermarket sector. But while there is
little sign of improvement...
Increased marketing expenditure to back the relaunch of the
flagship McVities brand helped United Biscuits increase its sales
in 2002. But it is the possible future of the company - and the
likelihood of a bid from minority shareholder...
Cargill Sweeteners North America forms marketing alliance with
sugar beet cooperative to sell and distribute its sugar products to
food and beverage manufacturers. Both companies hope the agreement
will lead to the development of...
Swiss chocolate manufacturer Barry Callebaut has reported an
increase in pre-tax profits for the 2001/02 year despite a decline
in volumes and higher raw material costs. Nwe product launches at
the premium end of the market have helped...
Despite sharp rises in raw material prices, Swiss chocolate
manufacturer Barry Callebaut reports a slight profit and dividend
increase on a decent sales growth for its 2001/02 business year.
For product innovation, read premium products.
British sugar and sweeteners group Tate & Lyle on Thursday
reported a jump in half-year profits with underlying pre-tax profit
for the six months to 30 September rising to £126 million (€195.5
million) from €99.9m million last...
After months of bitter negotiations with staff at its Fontaneda
biscuit unit in Spain, Britain's United Biscuits group has agreed
to sell the company to Siro, another Spanish biscuit maker which
has agreed to maintain staff levels...
German sugar producer Suedzucker last week reported that sales fell
7.4 per cent in the first half ended 31 August, but operating
profit rising 18 per cent.
Thorntons, the UK chocolate maker and retailer, has continued to
post good like-for-like sales growth in the first four months of
the financial year, but Christmas will be the key test of its
business plan.
A good third quarter sales performance in Finland helped Nordic
confectionery group Cloetta Fazer to a 33 per cent increase in
pre-tax profits for the period.
In a major U-turn, the Hershey Trust has decided to scrap its plans
for the sale of its stake in confectioner Hershey Foods, rejecting
all the bids which had been made. A sound business decision or an
inevitable bowing to pressure?
Barry Callebaut completes its takeover of Stollwerck with an offer
of €295 per share for the remaining 3.9 per cent. The Swiss firm
said it would welcome investment from former Stollwerck
shareholders in its ongoing business.
The UK chocolate maker and retailer has recorded its first rise in
underlying sales for three years, but still believes there is
potential for improvement through existing operations.
Swiss chocolate company Barry Callebaut said this week that it has
received antitrust approval to take over Germany's Stollwerck for
CHF256 million (€175m).
"We have seven production plants on five continents," Ted
Nixon, CEO of US caramel colour company DD Williamson, told
FoodNavigator.com. Based in Kentucky, the company started producing
caramel colours in 1865. Today, it...
