Financial

Headlines > Financial

Email this page News by email Send a press-release

13-Jan-2004 - Danone, the French dairy product, bottled water and biscuits group, may have said that it is not interested in acquiring any assets of bankrupt Italian group Parmalat, but this does not mean that it is not on the acquisition trail.

Parmalat dealings with Tetra Pak questioned

12-Jan-2004 - Tetra Pak has launched an internal enquiry following claims by a former Parmalat executive that the world's largest packaging group made payments directly to the accounts of Parmalat's owners, the Tanzi family.

Parmalat crisis to hit ingredients suppliers?

12-Jan-2004 - The emergency decree passed late last month by the Italian government in a bid to save dairy giant Parmalat from collapse looks set to win support from the European Commission on the back of guarantees that there will be no state bail-out for the company.

Parmalat crisis deepens

09-Jan-2004 - As the scandal surrounding Italy's food and giant Parmalat deepens, Berlusconi's government rustles up emergency measures to tackle 'Europe's Enron', with a strategy to save jobs and pay the suppliers.

DSM expands in Latin America

20-Dec-2003 - In a bid to reinforce customer relations in Latin America, the dairy ingredients business unit of DSM Food Specialties' has expanded its presence in Latin...

Lactimilk exerts its independence from Puleva

19-Dec-2003 - Lactimilk, the subsidiary of Spanish group Ebro Puleva which produces the Leyma, Ram and El Castillo brands, is to invest between €36 and €45 million over the next three years in relaunching all three brands.

More revelations plunge Parmalat deeper into crisis

19-Dec-2003 - Things just keep going from bad to worse for Parmalat . Just a week after it escaped defaulting on a bond repayment by the skin of its teeth, and with barely enough time for new chairman and turnaround expert Enrico Bondi to warm his seat at the head of the company's board table, a new financial crisis is looming.

Emerging markets and health lift Danisco H1 results

17-Dec-2003 - Set against the backdrop of difficult trading conditions for branded food manufacturers, raw material prices and a negative currency impact played down first half figures for ingredients giant Danisco.

Swiss ice cream sales rise

08-Dec-2003 - One of Switzerland's best known food products, chocolate, may have suffered terribly during the heatwave this summer, but the country's ice cream producers put in a contrasting performance.

A mixed year for Arla

01-Dec-2003 - Dairy giant Arla Foods has posted slightly increased profits of DKK 1,094 million (€147m) for the 2002/03 financial year - but it's not been all plain sailing. Facilities have been closed and the Swedish vote against the Euro has cast doubt on long term stability.

Triple Dutch

19-Nov-2003 - Three Dutch cheese processors have joined forces in an attempt to produce and market goat's milk products. Heijkoop, De Jong and CBM believe that a combined effort can increase their efficiency and market strength as well as achieving better milk prices for farmers.

Yeo Valley sees a natural rise in sales

18-Nov-2003 - Yeo Valley believes that its range of Natural yoghurt, which was released as a revived fat-free 1-kilo pack earlier in the year, has helped to strengthen the natural yoghurt market after what the company described as a levelling off of sales in 2002.

Parmalat's results show deterioration

17-Nov-2003 - The finances of Parmalat, the Italian dairy group, hit the headlines again last week with the announcement that it planned to liquidate its €496.5 million investment in the Cayman Islands-based Epicurum fund - an investment which no-one outside the company knew about until early last week.

Dairy Crest profit from spread sales

12-Nov-2003 - Milk and Cheese giant Dairy Crest says that a "strong cash generation period" has been ignited in the company by a good performance from all...

Arla facing Danish probe

04-Nov-2003 - Arla Foods' head office in Viby, Denmark was visited by the Danish Competition Authority last week, a surprise visit prompted by accusations of restrictive trade...

Glanbia to produce milk for Nigeria

30-Oct-2003 - An unusual combination of skills is to be put to good use by two European companies in a bid to expand their business in Nigeria....

WBD buy delayed by Danone

29-Oct-2003 - Amidst growing political instability in Russia, French food group Danone has postponed its planned takeover bid for Russian dairy products and juiceproducer Wimm-Bill-Dann. The Financial...

Ebro Puleva sees strong profit rise

24-Oct-2003 - Profits at Spanish food company Ebro Puleva increased by 15.2 per cent in the first nine months of the year to €87 million, allowing the...

Nestlé expects improvement

23-Oct-2003 - Europe's two biggest food companies have this week revealed results which suggest significantly different prospects for growth. Unilever , the number two European group, said on...

Nestlé chilled in Sweden

21-Oct-2003 - Sweden might not spring to mind as the most likely market in which to make money selling ice cream, but two companies at least have...

WBD expands Ukrainian operation

20-Oct-2003 - The new production and filling line has been developed exclusively for dairy products such as milk and cream yogurts and puddings. The new facility features...

Takeover rumours hang over Danone

17-Oct-2003 - Speculation has once again been rife this week that French food and drink giant Danone could be close to signing a deal with Wimm-Bill-Dann , the...

Arla given Express permission

16-Oct-2003 - The authorities in the UK have given the green light to merger of two of the country's biggest liquid milk suppliers after an investigation showed...

Müller might move

15-Oct-2003 - Germany's largest privately owned dairy company Müller-Milch has warned that it might transfer its headquarters from Aretsried in Bavaria, Germany, to Switzerland for tax reasons....

Danisco gets into gum

15-Oct-2003 - Building on the one-stop-supplier philosophy, the new kid on the xanthan gum block Danisco has made inroads into the market this week, linking up with...