Breaking News on Dairy Processing & Markets

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Cheesy smiles at Dairy Crest

Dairy Crest announced a new set of efficiency measures as it released what one City analyst described as “a good set of numbers” for the year to March 31 this morning.

General Mills signs Yoplait acquisition agreements

General Mills has entered into definitive agreements to acquire a 51 percent controlling interest in French yogurt maker Yoplait and a 50 percent stake in a related entity that holds...

Lactalis takeover bid rejected by Parmalat

Lactalis’ €3.4bn takeover bid for Italian dairy giant Parmalat has been rejected, following a “unanimous decision” by the firms’ board of directors in Milan yesterday.

Beechdean buys Loseley Ice Cream brands

Beechdean Farmhouse Dairy Ice Cream has bought Loseley Dairy Ice Cream’s brands out of administration, and revealed plans to double its own turnover to £20m within two years as a...

Market rigging investigation will have no impact on Lactalis bid, analyst

An Italian police investigation into allegations of market rigging surrounding the Lactalis purchase of shares in Parmalat SpA (PLT) won't jeapardise its takeover bid, according to a leading analyst.

IFF reports strong Q1 growth aided by beverages and confectionery

Double-digit growth in the beverage, savory and confectionery sectors helped International Flavors & Fragrances to achieve revenue of $714m in the first quarter of this year; nine per cent up...

Glanbia on target for double digit profit growth

Glanbia is standing by its double digit profit forecast for 2011 after an encouraging start to the year that saw the company reap the rewards of higher global dairy and...

Encouraging Q1 prompts Dean to increase 2011 profit forecast

Dean Foods has upped its profit forecast for the full year on the back of better than expected first quarter results.

Global dairy prices take a dip in March

Global dairy prices were down 2.4 per cent from March after seven months of steady growth, according to the latest figures from the Food and Agriculture Organisation (FAO).

Chinese dairy firms fill up GEA order book in Q1

GEA is seeing “dramatic increases” in orders from the Chinese dairy market as local companies seek to improve standards and meet higher local demand.

News in brief

Parmalat founder has 'market rigging' sentence reduced

Parmalat founder Calisto Tanzi has had his 10-year sentence for stock market manipulation reduced to eight years, ending a court battle over the company’s collapse in 2003, according to Reuters.

Lactalis launches €3.4bn takeover bid for Parmalat

Lactalis has mounted a €3.4bn takeover bid for Parmalat after government resistance frustrated its initial move to gain control of the company.

Danone partnership helps boost Dairygold’s profit by 60 per cent

Danone’s decision to select Dairygold as its key supplier in its expanded Infant Formula Facility Global helped boost the ingredients supplier’s annual profits by 60 per cent to €18.9m last...

Dean Foods actively seeking bidders for Wisconsin dairy

Dean Foods announced yesterday it is seeking a buyer for the Wisconsin dairy it put up for sale last month as part of a settlement it made with the US...

Cheese success sees Dairy Crest create 80 new jobs

Dairy Crest has confirmed it will create up to 80 new jobs at its cheese packing facility in Frome, Somerset.

EU legal challenge over Parmalat protectionism unlikely, says lawyer

Threatening noises from the EU have little chance, as things stand, of turning into a successful legal challenge to frustrate Italian protectionism over the future of Parmalat, according to an...

Danone's Russian dairy buy helps boost sales by 20 per cent

Danone’s new Russian dairy acquisition helped drive up Q1 sales by 20 per cent, the fastest quarterly growth the company has seen in three years.

Arla Foods plans Swedish plant closure to recover cheese competitiveness

Arla Foods is to close its Swedish Falkenberg dairy and will invest DKK 615m (€82m) in two of its Denmark facilities in order to improve its competitiveness in yellow cheese...

Milk Link announces £4m soft cheese investment

Leading UK cheese producer Milk Link has begun work on the first phase of a new production facility at its Cornish Country Larder (CCL) Trevarrian Creamery to meet growing customer...

EU investigates Italian bid to protect Parmalat from Lactalis' advances

Recent Italian moves to frustrate the Lactalis approach on Parmalat have prompted the head of EU antitrust policy to warn that, if necessary, he is determined to use EU powers...

Could Müller be mulling over Dairy Crest bid?

German dairy giant Müller is a more likely candidate than Groupe Lactalis to mount a takeover bid for Dairy Crest, one City analyst has told in light of recent...

Kerrygold owner reports fall in profits despite sales growth

Irish Dairy Board (IDB), the owner of the Kerrygold brand, has reported a slip in profits despite a 6 per cent improvement in total sales.

News in brief

FAO index shows slight drop in food prices

The FAO Food Price Index showed the first drop in March after eight months of continuous spikes – but it may not be a sure sign that the trend is reversing.

News in brief

Fonterra and Nestle abandon Chilean subsidiary tie-up

Fonterra has revealed that a proposal to merge its Chilean subsidiary, Soprole, with the fresh dairy operations of Nestle Chile has been scrapped.

Battle heats up in milk supply chain

Pre-close trading updates from Robert Wiseman and Dairy Crest today highlighted the continued turf wars between the major UK processors, with no clear winner in sight.

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