Archives for August 9, 2004

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Mieszko on acquisition trail

Leading Polish confectionery company Mieszko says it is currently in negotiations to acquire a company within the confectionery sector in the course of this year. The company added that at the present moment it is negotiating with several domestic...

Volume sales lifts Degussa 1H

Building on a stronger start to the year, Germany's third largest chemicals group reports continued growth into the second quarter with an increase in demand pushing up sales and earnings for the period but the firm warned that a hike in raw material...

UK: retail sales slow as interest rates bite

Retail sales in the UK during July increased by 1.8 per cent on a like-for-like basis, and showed growth of 4.3 per cent on a total basis, compared with a year earlier according to a new report from analyst KPMG and the British Retail Consortium.

Parmalat sues Deutsche bank for €17m

Disgraced Italian food giant Parmalat is suing Deutsche Bank for €17 million, which it claims it was ordered to repay two weeks before it plunged into bankruptcy.

EU sugar reform unlikely to impact world market

Firm changes to the heavily criticised European sugar regime are unlikely to have a significant effect on the world sugar market, and that prices are likely to remain low, a US sugar industry analyst tells an international sweetener industry...

Volume sales lift Degussa 1H

Building on a stronger start to the year, Germany's third largest chemicals group reports continued growth into the second quarter with an increase in demand pushing up sales and earnings for the period, reports Lindsey Partos.

Taiyo creates green tea manufacturing giant

Japanese functional food ingredients firm Taiyo Kagaku is set to increase its share of global green tea sales with the recent acquisition of Chinese green tea extract manufacturer Wuxi Green Power Bio-Product.

Morrisons targets store closure programme

UK supermarket chain Morrisons is set to sell five of its stores to rival Asda for £40 million, but is reported to be looking into closing down other stores that it acquired as a result of its takeover of larger rival Safeway earlier in the year.