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Dairy continues to drive Wimm-Bill-Dann profits

Half-year revenues were up by 40 per cent to $1.14bn (€838m) for leading Russian dairy and beverage group Wimm-Bill-Dann as the company continued to profit from its expansion into Eastern...

Glanbia gains fuelled by US and nutritionals

Glanbia has reported a strong performance for the first half of 2007, largely thanks to its US food ingredients and global nutritionals businesses.

Cheese to put squeeze on processors

European processors should prepare themselves for a significant rise in the price they pay for cheese, the head of the European Dairy Association (EDA) warned today.

Sealed Air in deal for Alcan packaging?

Sealed Air Corp. is close to a deal to buy the packaging arm of Alcan Inc. for between $4bn to $5bn in cash, according to Reuters News Agency.

Nestle nourished by health aims

Nestle's drive to be a major health and nutrition player resulted in a strong first half fiscal performance for the company.

Vivartia drops ice cream for restructuring aims

Greek dairy group Vivartia has sold its entire 24 per cent stake in ice cream producer and retailer Dodoni to the National Bank of Greece Group as it continues to...

Unilever takes aggressive stance for growth aims

Unilever today announced it will cut 20,000 jobs, accounting for 11 per cent of its total workforce, as part of a new "aggressive" growth strategy for its operations.

Healthy half year for Danone's nutrition ambition

Danone has increased like-for-like sales by 8.2 per cent to €7.5bn during the first half of the year as it continues to refocus its operations towards health and nutrition.

Dairy firms merge, blame CAP

French dairy firms Sodiaal and Entremont Alliance announced Tuesday a merger of activities, a move they claim is due to financial pressure brought on by reforms to the EU's system...

Sales surge offsets Fonterra cost spike

A spike in commodity costs failed to dampen Fonterra's results for the financial year ended 31 May, as the company lifted sales by AUS$881m (€566m) to AUS$13.9bn (€8.9bn).

Parmalat reaches settlement - supposedly

A US federal judge last week approved a $50m partial settlement in a lawsuit over dairy firm Parmalat's bankruptcy, according to Reuters.

Arla sells yoghurt top cups division

Arla Foods announced yesterday the sale of Crispy Food International, a leading producer of "cereal tops" for dairy breakfast foods, to Denmark-based Koff.

High dairy prices affect Hershey's earnings

High dairy prices meant Hershey's operating margins fell to 3.1 per cent for the quarter ended 1 July, compared to 17.3 per cent for the same period in 2006.

Dairy Crest achieving profit goals

UK Dairy Crest said yesterday that profit for the year will meet expectations, thanks to strong sales of its brands, cost cutting in operations and price increases.

S&P upgrades Wimm-Bill-Dann credit rating

Standard & Poor's announced yesterday that it has raised its credit ratings on Russian company Wimm-Bill-Dann, after an improved financial performance in 2006.

Danone sells Danao in France

Danone France is selling its Danao brand, a mixed milk and fruit juice, in the country to cider company Cidreries du Calvados la Fermiere (CCLF).

Marfin acquires stake in Vivartia

Greek investment firm Marfin is today expected to complete the purchase of a one-third stake in the country's largest dairy and food group Vivartia.

EPI's deal with Solarec to boost milk powder ingredients supply

France's EPI Ingredients is expanding its supply milk powders with a new deal with Belgian dairy firm Solarec, which will give it the rights to commercialise all the powders produced...

S&P downgrades Danone's credit rating

Standard & Poor's announced today that it has lowered its credit ratings on French company Danone, based on the projected increased debt due its proposed acquisition of Numico.

Glanbia reports gains despite dairy difficulties

Glanbia remains on course for an estimated 20 per cent increase in profits, despite difficulties within its dairy production unit, the company said yesterday.

Danone eyes Numico for healthier future

Danone yesterday tendered a €12.3bn offer for nutrition group Numico in a bid to dominate the growing market for high margin, added-value products.

Parmalat steps up compensation drive

Parmalat has stepped up legal proceedings against banks alleged to have failed to prevent its 2003 financial collapse as it continues its drive to re-establish itself as a leading global...

Kirin discusses further dairy diversification

Japanese brewer Kirin yesterday announced that it had opened "preliminary discussions" with rival San Miguel over the possibility of acquiring a stake in its Australian dairy and soft drink subsidiary...

Long-term dairy fears allayed by OECD report

Growing fears among dairy processors over continued increases in the cost of ingredients like milk powders could be allayed by new findings from the Organisation for Economic Co-operation and Development...

Bangladesh success reflects Arla's Asian ambition

Dairy group Arla continues to profit from its partnerships within the emerging markets of Asia as sales of its powdered milk brands in Bangladesh continue to rise rapidly.