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Another victory for Parmalat

Parmalat has been awarded €25m from Banca Popolare di Milano as part of its ongoing fight to recover money from financial institutions allegedly implicated in the firm's collapse.

Healthy promise prompts Danone Japan buyout

French dairy group Danone has bought complete control of its Japanese joint venture, lured by the promise of riches from rapidly growing consumer demand for healthy dairy products.

Retailers 'receptive' to milk price increases

Supermarkets in the UK have softened their stance on farmgate milk prices in recent weeks, as public scrutiny of the dairy supply chain has grown.

Petition keeps UK dairy farmers in the spotlight

Public pressure on UK supermarkets and dairy firms over farmgate milk prices grew this week when a consumer group handed a petition to Parliament, calling for government action.

Danone announces Thailand cooperation

Danone, the world's leading dairy producer, has announced plans to work alongside a local counterpart Dutch Mill Co. to distribute and manufacture a range of fresh dairy products within Thailand.

Arla seals UK buyout deal

Arla Foods, the Scandinavian dairy group, has signed a deal to buyout its UK subsidiary for nearly £213m, following concerns about the firm's performance last year.

EC approves Arla dairy acquisition

The EC has finally approved Arla's proposed acquisition of Finnish firm Ingman Foods.

French milk producers pile on pressure

Milk producers in France have used an industry meeting to call for higher farmgate prices and again condemn cuts over the last five years, revealing ongoing tension between farmers and...

Arla closes in on UK subsidiary, as shares leap

Talks that could see Scandinavian dairy group Arla Foods buy out its UK subsidiary were at an advanced stage Monday, the firm reported, as investors appeared to back the move.

Parmalat settles with Deloitte

Parmalat has reached a settlement with Deloitte & Touche and Dianthus over their role in the accounting scandal of 2003.

Fonterra appoints European dairy distributor

Univar food ingredient brand Fiske has been appointed the European distributor for international dairy giant Fonterra.

Drought blights Australian dairy exports

Australia's dairy industry may see export earnings drop by more than 24 per cent to under A$2 billion (€1.2bn) in 2006-07 because of drought, potentially causing global prices to rise.

EU food and drink industry trends review

The CIAA end of year review of the European food and drink industry's performance underlines again how significant the industry is to the EU economy.

Milk Link buys out Glanbia to lead UK cheese

UK dairy co-operative Milk Link has consolidated its position in the country's cheese market after buying out partner firm Glanbia from The Cheese Company.

Parmalat reaches 'satisfactory' settlement

Parmalat has reached settlements with a number of European financial institutions in its ongoing fight to recoup the billions lost in 2003.

Rank makes bid for SIG as part of global strategy

A €1.5 billion offer for Switzerland-based SIG Holding marks an attempt by a New Zealandbillionaire to put together a global force in packaging.

Danone offers to feed the world

It is not a task for the faint-hearted, but French dairy and food group Danone has pledged to use more research and development resources to tackle malnutrition around the world.

Danone sets up joint venture with China's Mengniu

French biscuits, water and yoghurt group Danone said yesterday that it had signed a joint venture with China's leading dairy Mengniu to cooperate in the production and distribution of fresh...

Food firms unaware of contamination risk

Many food and drink firms in the UK remain unaware of the need to insure themselves against accidental or malicious contamination of their products.

Countries accused of 'hypocrisy' over global free trade

Developed countries - with the notable exception of the UK - have been paying lip service to the notion of free markets, claims the UK's CBI.

Arla recovery fails to stop profit drop

Arla UK ended its three-year strategic plan with a three per cent drop in full year profits, after higher selling prices failed to save the dairy group from high input...

Tetra takeover of cheddaring firm escapes Competition Commission

Tetra Laval's anticipated acquisition of the cheese-making equipment division of a UK-based firm will not be referred to the Competition Commission (CC) after the Office of Fair Trading (OFT) accepted...

Arla expands in Finnish milk

Scandinavia's Arla Foods has bought nearly a third of Finnish dairy company Ingman Foods, as consolidation continues to run apace in the European dairy sector.

Dairy Crest seals St Hubert spreads deal

Dairy Crest, Britain's largest dairy group, is set to significantly increase its collection of brands and capture leading market positions abroad after signing a deal to buy French and Italian...

Dairy Crest eyes Uniq opportunity

Britain's largest dairy firm, Dairy Crest, was this week close to buying its way into the French spreads market, following talks with the Uniq group, according to reports.

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