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European court backs bank in Parmalat dispute

A new European Court of Justice ruling should provide Bank of America with a degree of comfort over its recent travails with Italian dairy giant Parmalat.

EU heeds calls to raise butter export subsidies

The European Commission has raised export subsidies available for butter for the second month running, bowing to pressure from member states concerned at volatile markets.

EC vows to recover misspent CAP millions

A total of € 128.2 million of EU farm money unduly spent by Member States is to be claimed back, following a decision adopted last Friday by the European Commission.

Danone strengthens interest in Algerian dairy sector

Groupe Danone's growing interest in the Algerian dairy market underlines the importance of the North African / Middle East region to European milk processors.

Commission backs Lactalis, Galbani deal

Lactalis has the European Commission's blessing to complete its takeover of Italian cheese producer Galbani, opening up new avenues for the French giant in speciality cheese.

Nestlé outperforms in Q1

Swiss food giant Nestlé has announced a first-quarter sales rise of 14.1 per cent to CHF22.8bn (€14.5bn), beating analyst expectations and reconfirming its full-year target of a five to six...

Danone cements position as world leader

Number one dairy producer Danone has recorded strong results for the first quarter of 2006, bolstered by a focused leadership and continuing record sales in Asia.

Kraft's tax rebate strengthens finances

Kraft Foods has recorded stable first quarter results, masking falling operating income with a favourable tax settlement and raising prices to combat spiralling production costs.

Nestlé starts health food fund

Nestlé has finalised arrangements for a new fund that will invest in food companies producing for the health, well-being and nutrition sectors, as part of the group's drive to stay...

Danone ups stake in Bright Dairy

Danone, the French yoghurt maker, will pay CNY358 million (€36.8m) to increase its stake in Bright Dairy, China's number three dairy company, to 20.1 per cent.

Revised credit rating underlines Nestlé's strength

Standard & Poor's has revised its Nestle outlook from negative to stable though it warns that its ratings could be lowered in the future.

Danone challenges Yoplait, Glanbia's Essence range

French dairy giant, Danone, has launched an action against Glanbia, Yoplait International and Yoplait Marque Internationales in the Dublin High Court, after alleged infringments on trademark after the launch of...

Fonterra's stake in San Lu given all-clear

Fonterra, the world's biggest exporter of dairy products, said today that it has gained approval from the Chinese government for its purchase of a 43 per cent stake in dairy...

Parmalat posts profit as strategy takes shape

Parmalat's profit before interest and tax rose 18.4 per cent in the first two months of 2006 to € 45 million, with predictions that net debt would remain stable over the year.

Wiseman, Arla show UK dairy recovery

Early signs suggest a recovery on Britain's dairy market as both Arla Foods UK and Robert Wiseman halt the margin rot with brand development and price rises.

Dairy Crest brands hold up profits

A strong brand presence helped Dairy Crest keep full-year profits in line with predictions, despite tough conditions on the UK dairy market.

Arla dairy creeps back in Middle East

Arla Foods has said the boycott on its products in the key Middle East dairy market was slowly lifting, thanks to its dominance in certain areas of the Middle East...

Organic dairy-rating report sparks fierce debate

A new report rating the nation's organic dairy brands according to ethical farming practices has sparked fierce debate in the industry as it accuses a number of market leaders of...

National Foods seeks growth in specialty cheese with Lactos deal

Australian dairy group National Foods has signed an agreement to buy the specialty cheese maker Lactos from France's Bongrain.

Ruling lays path for more Parmalat suits

Auditors Deloitte & Touche and Grant Thornton International must defend themselves against a $10 billion lawsuit by Parmalat, ruled a US judge.

Wiseman continues UK dairy consolidation trend

Robert Wiseman's takeover of Definitely Devon's liquid milk business shows how consolidation on Britain's dairy industry is continuing amid tension with competition authorities.

Graham Packaging moves in with Royal Numico

In a move that brings it closer to a key customer, Graham Packaging has opened a new bottle-making plant in Zoetemeer, the Netherlands, on site with Royal Numico.

Chirac dismisses French protectionism claims

Europe has no time for national champions if it is to compete in the world, warned the European Commission president Wednesday, as French president Jacques Chirac dismissed claims that France...

Competition regulator to examine supermarkets' pricing power

In a major move that might help reduce the pricing power of the UK's major supermarkets, the Office of Fair Trading (OFT) yesterday said it would refer the issue to...

Dairy Crest workers may strike over pension plans

Workers at UK dairy giant Dairy Crest may strike over the group's plans to reform its debt-laden pension scheme, threatening to disrupt supplies to retailers and processors.

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