Breaking News on Dairy Processing & Markets

Headlines > Financial

Graham's grabs bigger share of milk market with Claymore buy

24-Sep-2010 - Scotland’s leading independent dairy business, Graham’s, has boosted its share of the regions’ milk market by buying out rival Claymore Dairies amid the current highly competitive trading environment for the sector.

News in brief

Dairy Crest announces milk price increase

22-Sep-2010 - Dairy Crest UK has announced a 0.5p/litre milk price increase for its suppliers from 1 October 2010.

Arla buys into Westbury joint venture

15-Sep-2010 - Arla Foods is to join First Milk and Milk Link as a shareholder in the joint venture company Westbury Dairies.

News in brief

Arla Foods UK finally reveals location of £150m mega dairy

10-Sep-2010 - Arla has revealed that its £150m ‘super dairy’ will be located on a 70-acre site in Aston Clinton, Aylesbury.

Commodities to rise but you’ll cope, analyst tells industry

03-Sep-2010 - European food manufacturers will experience commodity inflation in the second half of 2010 but it will be more manageable than it has been in the past, predicts an analyst.

Prices rebound at latest Fonterra auction

03-Sep-2010 - Prices at the Fonterra globalDairyTrade auction have rebounded after two successive months of decline, suggesting renewed firmness in the market.

Lactofree sales up 37% as Arla posts profit surge

01-Sep-2010 - Arla's lactose-free brand Lactofree is generating value growth of 37% year-on-year, bosses have revealed as the dairy giant unveiled a sharp rise in interim profits.

Kerry ups forecast as H1 beats expectations

01-Sep-2010 - Ireland-based Kerry Group has upped its earnings forecast for the full year after reporting strong growth in overseas sales, supported by a recovering dairy sector.

FrieslandCampina grows strongly despite European weakness

01-Sep-2010 - FrieslandCampina has reported strong overall growth in the first six months of the year despite a disappointing performance in Europe.

Comment

Don’t worry about wheat prices: Look at grain stocks

30-Aug-2010 - There’s nothing like a shortage of wheat to send some news media searching for superlatives. Talk of “soaring” wheat prices and “rocketing” bread prices were common, in the British press, after Russia decided to temporarily ban grain exports earlier this month. Three weeks later what lessons can we lean?

Glanbia raises outlook as nutrition drives recovery

25-Aug-2010 - Glanbia has reported a significant recovery in turnover and profits for the first six months of 2010, driven largely by the strong performance of its nutrition and ingredient businesses.

News in brief

Lactalis gets EU backing in Puleva buy out

25-Aug-2010 - Lactalis has secured regulatory approval from the EU to buy Puleva Foods - the dairy arm of Spanish food giant Ebo Puvela.

Arla keeps City guessing over location of super-dairy

24-Aug-2010 - Arla’s 1bn-litre ‘super dairy’ will not – as suggested in press reports this week – be constructed ‘near the western fringe of the M25 between Slough and Uxbridge’, bosses have insisted.

Danisco acquires South African dairy research company

18-Aug-2010 - Danisco has acquired South African firm Research Solutions in a bid to step up its dairy and frozen dessert activities in the country.

Danone to sell stake in Wimm Bill Dann Foods

13-Aug-2010 - Danone has agreed to sell its minority stake in Wimm Bill Dann Foods for €470m following the decision to link up with Russian rival Unimilk.

Kerry Group confirms terms of offer for Newmarket Creameries

12-Aug-2010 - Kerry Group has confirmed the terms of its offer to buy Cork-based cheese maker Newmarket Co-operative Creameries in a €33m deal.

Groupe Lactalis ‘committed’ to Rachel’s Welsh dairy, says supplier

11-Aug-2010 - French dairy giant Groupe Lactalis has signalled its commitment to maintaining Rachel’s brand and production in mid-Wales, according to Calon Wen, the co-operative that supplies all of the organic yogurt maker’s milk.

Yoplait signs partnership to target Gulf states

11-Aug-2010 - Yoplait has teamed up with Agthia Group to bring its dairy products to the United Arab Emirates (UAE) and eventually, the wider Gulf region.

IDFA outlines surge in US dairy exports

06-Aug-2010 - The International Dairy Foods Association (IDFA) has reported a “dramatic surge” in US dairy exports over the past three months.

Unilever: Consumer confidence remains 'fragile'

05-Aug-2010 - The fragile recovery in developed markets could make it hard to pass on rising raw materials costs in the second half, Unilever has warned.

Danone: Health claim uncertainty not to blame for share price shake

30-Jul-2010 - As Danone’s share price continues to fall three days after its half year results were released, the company cites several potential reasons for the dip but insists that health claims uncertainty is not among them.

Danone backs probiotic juice with ProViva investment

29-Jul-2010 - Global probiotics leader Danone has paid an undisclosed sum to Swedish dairy Skånemejerier for a 51 per cent stake in its probiotic juice brand, ProViva.

Rachel's sold to French dairy giant

28-Jul-2010 - Welsh dairy company Rachel’s has been sold to French dairy firm Groupe Lactalis.

Danone remains cautious despite strong sales growth

27-Jul-2010 - Despite reporting a 6.9 per cent increase in organics sales in its Q2 results, Danone remains cautious in its outlook for the rest of the year.

PAI Partners considers sale of Yoplait stake

23-Jul-2010 - The private equity owner of Yoplait is considering selling its 50 per cent share in the French dairy company, according to newswire reports.