As US International Flavours and Fragrances and Swiss company
Givaudan continue to fight it out for the number one global
flavours and fragrance spot, the Swiss supplier reports stable but
far from dazzling 3 per cent sales growth...
The massive price increases introduced on various fruit and
vegetable products in Spain last month cannot be justified by the
summer heat wave, as the retail trade has claimed, according to
various organisations representing growers...
The healthy image of soyfoods is set to lift sales in Europe even
higher in coming years, with growth in soya-based alternatives to
dairy and meat products expected to enter double digits from 2003 -
2005, according to a pan-European...
Further confirmation that the European consumer is throwing more
and more soy foods into his/her supermarket trolley comes from a
new report that reveals in 2002 per capita consumption of
soya-based drinks and desserts grew by over...
Ireland took a closer look at its organic food industry last week
with representatives from the department of agriculture & food,
Bord Bia and the Western Development Commission (WDC) hosting a
forum for producers, processors,...
Dutch based company Acatris, recently formed through the merger of
food and health companies Daminco, Orffa Health & Nutrition,
Schouten USA and SoyLife Nederland, has sold the the assests of its
brewery division in a bid to concentrate...
Sharp increases in the prices of many fresh fruit and vegetables in
Spain last month are to be investigated by the country's
competition authorities. Prices have risen across Europe as the hot
weather reduced harvests, but the...
Controversial new rules in the US on the labelling of trans fatty
acids (TFAs) on food products continue to meet with opposition from
food manufacturers. On Thursday the National Food Processors
Association - the industry body - voiced...
Australian confectionery ginger giant warns of profit plunge due to
intense pressure from rising dollar, a sharp turnaround from the
previous guidance that profits would rise in 2003.
So what shape and form has innovation in the food and drink
industry taken this month? From flashing lollies to lemon crisps
via elderflower Fanta, Mintel provides this months latest round-up
of new product development.
Carrefour, the world's number two retailer, has made no secret of
its ambitious expansion programme, and with new stores giving a
significant boost to third quarter sales, the company's strategy
cannot be faulted - especially...
Sainsbury, the UK's number three food retailer, is falling further
behind rivals Tesco and Asda with a decline in like-for-like sales
during the second quarter of the year. The company also faces
increased competition from a...
Food science and food processing are the focus of the 8th ASEAN
food conference taking place in Hanoi, Vietnam this week. Organised
by the Association of Southeast Asian Nations the event will set
out to inspire new business opportunities...
Competition in the European flavours arena - already tough -
slammed up a gear yesterday with the news that US agribusiness
giant Cargill has swallowed up its first flavour business in Europe
- UK company The Duckworth Group, marking...
The trend towards healthy variants of food products not normally
known for their functional nature is continuing, with the likes of
Cadbury, Müller and Bonduelle all getting in on the act in recent
months, according to Mintel's...
Two years after the company went public, $20 billion US oilseed
giant Bunge declares a regular quarterly cash dividend of $0.11 per
share following swiftly on from strong second quarter earnings
announced in July this year.
Marks & Spencer's high profile launch of its new
loyalty-cum-credit card, &More, has been criticised by the
Office of Fair Trading, despite the fact that it offers a more
attractive rate of interest to holders than the...
The new owner of Opta Food Ingredients is to sell the company's
45,000 square feet headquarters at a price of $4.85 million, said
Canadian company Stake technology this week.
Steady but unsensational growth is earmarked for soy products in
the US with market analysts predicting a 5.4 per cent rise year on
year to $8.6 billion (€7.3bn) in 2007. But demand for industrial
applications are poised for a surge...
Private investment in research and development activities in
Ireland has increased, but further efforts are needed to reach the
EU's 3 per cent target, a new report published by the Irish policy
and advisory board for enterprise,...
Carrefour has been busy this week, announcing plans to extend its
operations in South Korea and Japan. But it is also expanding
closer to home, today unveiling a tie up with Norway's Norges
Gruppen which will allow it to roll...
Like-for-like sales at Iceland improved in the second quarter of
the year, the first gain in many months for the struggling
retailer. But it remains to be seen how much of this was due to the
hot summer weather increasing volumes...
Steady but unsensational growth is earmarked for soy products in
the US with market analysts predicting a 5.4 per cent rise year on
year to $8.6 billion (€7.3bn) in 2007. But demand for industrial
applications are poised for a surge...
Embattled Rhodia CEO resigns coinciding with news that further
restructuring drive on the cards for the French food and
pharmaceutical ingredients company to shave off €600m in
divestments.
Marks & Spencer's first half performance was helped
considerably by the roll out of its Simply Food format during the
period, the company has announced. Meanwhile, troubled retailer
Ahold has confirmed that information about...
Reform of the current preferential EU sugar regime is imminent,
with think-tanks, politicians and industry participants among
others assessing this complex and heated topic. But who stands to
lose the most through reform, asks MTT...
Golden Wonder, for many years the leading crisp brand in the UK, is
to relaunch with a marketing campaign playing on its past glories
and poking fun at arch rival Walkers. But will it be enough to eat
into the dominant market position...
Carrefour is to expand its business in South Korea and Japan, two
markets where the phenomenally successful retailer has struggled to
make money in recent years. But will the focus on different store
formats, better adapted to the...
Many Britons are earning more money than ever before - which means
they generally work longer hours but also spend more time on
leisure activities. All of which has altered the food and drink
consumption patterns in the UK, and had...
The European Commission has given the thumbs up to a joint venture
between Danish/Swedish company Arla Foods Ingredients and German
sugar giant Nordzucker.
Members of the National Farmers Union in the UK this week
demonstrated outside Dairy Crest cheese manufacturing and
distribution sites to call for a 2p per litre rise in the price
producers receive.
With all the sound of fury over the Safeway takeover last week, an
excellent first half performance from the Co-op Group was all but
overlooked. But the group's highly successful focus on the
convenience store sector is a warning...
Precautionary principle expert Professor Ortwin Renn tells
participants in a lunch debate this week that policy makers and
scientists should use one of five risk management regimes to deal
with scientific risk, reports CORDIS.
Two of the supermarket groups which were blocked from bidding for
the Safeway chain in the UK are considering taking legal action
against the draconian ruling which prevents them from bidding for
more than just a handful of the company's...
Genomics, a growing area of the biotech landscape, is already
starting to bear fruits for the food industry with the news that
Dutch enzyme company DSM Food Specialities has successfully
designed a way to eliminate the bitter taste...
Fresh from acquiring starch derivatives company Cerestar,
privately-held US company Cargill throws another European
ingredients company into its shopping trolley with the purchase of
French cocoa and chocolate ingredients company...
Embattled Dutch retailer Ahold has finally published its
long-awaited audited results for 2002, revealing the full effect of
the widespread accounting fraud unearthed earlier this year - a
loss of over €1bn.
The one-off gain from the sale of its Italian stores to Carrefour
has helped French retail operator Hyparlo to a significant
improvement in profits in the first half. The company will now
focus on its domestic and Romanian businesses,...
Delhaize is to roll out its City convenience store format in a
number of European markets, tapping into the trend towards town
centre outlets offering a range of essential grocery items. The
company will focus on Germany, Greece,...
Tesco is set to benefit as much from the Safeway takeover as
Morrisons, the company which is actually buying the chain, snapping
up a number of unwanted stores, according to analysts at Goldman
Sachs. But the likely price war caused...
A UK subsidiary of bakery ingredients giant CSM takes the first
steps on the road to 'sweet treat' growth through the integration
of its latest acquisition, the cookie supplier Readi-Bake,
reflecting CSM's strategy...
The increasing use of plastic packaging in the beer sector - as
well as the versatility of the material - is helping to drive
growth of PET and other plastics in the drinks sector. But cans,
glass and laminates still have important...
The draconian measures introduced to reduce the use of one-way
packaging in Germany could still incur the wrath of the European
Commission, despite concessions by Berlin. But even if Brussels is
satisfied, German retailers, drinks...
Energy drinks are adding a touch of zest to the European soft
drinks market, with Mintel's Global New Products Database revealing
an array of weird and wonderful names, ingredients and marketing
ploys designed to entice consumers...
Product innovation continues in the Scandinavian non-dairy sector
with a new line of organic cereal drinks launched this month to
meet the growing tide for milk substitute products. New kid on the
block? Spelt drinks.
Ahold is to publish its audited results for 2002 on Thursday -
restated following the revelation of accounting fraud earlier in
the year. The figures are unlikely to make encouraging reading, and
shareholders and investors alike will...
Rising sales channelled through a long-standing relationship with
Treatt have opened the way for UK-based Endeavour Speciality
Chemicals to step into larger premises.
In the space of seven days US agri-giant Bunge has not only plunged
deeper into Far Eastern oils but also shed the private label retail
bottled oil business of its edible oil division.
