Archives for May 27, 2010

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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.

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.

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.