Recovery policy pulls Parmalat through
Disgraced Italian dairy giant Parmalat, still suffering from 2003's
fraud revelations, has posted a jump in first-quarter income -
thanks to CEO Enrico Bondi's recuperation strategy.
San Miguel to focus on growth
San Miguel's chief executive reassured investors on Tuesday by
outlining its plans to concentrate on growing sales and sustaining
profits over the coming years.
Richmond Foods: latest consolidation casualty
The frozen desserts industry saw further European consolidation as
an equity firm swooped in to take Richmond Foods, Britain's largest
ice cream manufacturer.
France offers more aid to dairy sector
The French government has set aside an extra €10m to aid
consolidation and restructuring in the country's dairy industry so
far in 2006, continuing its interventionist strategy for the
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.
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 per cent
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 on top of
consumer health trends.
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
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 the Yoplait Essence...