Archives for May 27, 2010

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Tate & Lyle shifts focus as profits fall

By Lorraine Heller

Tate & Lyle has announced a major shake-up of its business, shifting focus to specialty food ingredients and away from its traditional sugar business.

Takeover Panel censures Kraft over Cadbury bid

By Oliver Nieburg

The UK Takeover Panel this week issued a rare public censure of Kraft after the company was held in breach of the executive body’s code by going back on promises relating to the closure of a Cadbury chocolate factory in Somerdale.

Cargill gets Novel Foods for Xtend sucromalt

By Lorraine Heller

A sucromalt ingredient from Cargill has received Novel Foods approval in Europe, opening up the use of the sweetener in a range of food and beverage products in the bloc.