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
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 restructure its operations.
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 of
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
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
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.