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 was
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 the Competition Commission (CC)
for more detailed examination.
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.
Banks knew of problems, says Parmalat founder
International banks supporting Parmalat's operations knew of the
company's financial problems, according to the former chairman
EU warned over economic nationalism
A top economic expert has warned against growing economic
nationalism in Europe, as reports say the French government will
move to protect 20 companies, including Danone and Carrefour, from
Arla says boycott losses to hit €53m
Arla Foods says a boycott on its dairy products in the Middle East
will cost it at least €53m this year, as the firm tries to remain
positive about the long road to recovery.
Czechs to be fined over EU milk quota
The Czech Republic's dairy industry is facing a €7m (CK 200m) fine
as milk output is forecast to exceed the national quota for 2005/6
of 2.682 billion kilos.
Glanbia blames poor results on EU dairy upheaval
Glanbia has blamed EU dairy sector restructuring and upheavals in
the Irish market for a disappointing financial performance in 2005.
Parmalat CEO points finger at creditors
Parmalat's chief executive Enrico Bondi has pointed the finger at
the company's creditors, accusing them of having knowledge of the
disgraced dairy giant's finances.
Added value is Europe's only path, Mandelson
Added value dairy products are the only path open to European
dairies if they are to stay competitive in the future, says Peter
Mandelson to the UK National Farmers' Union conference.
Americas lift Nestlé as Europe falters
Nestlé's Americas division has established itself as the food
firm's most important business region for the first time following
difficult conditions and subdued sales growth in Europe.
Arla signs organic milk deal with Lidl
Dairy group Arla Foods has signed an organic dairy supply deal with
discount retailer Lidl, as big food firms increasingly move in on
rising consumer demand for organic food.
Danone: strong results despite testing market conditions
Danone has ridden out difficult market conditions to report strong
full-year earnings and improved margins.
Court fines Arla for abusing market position
A Danish court has fined Arla Foods €670,000 for abusing its
dominant position on Denmark's dairy market, further jeopardizing
the group's public image in the country.
Parmalat to take on Bank of America
Parmalat can proceed with its legal action against Bank of America
over the dairy company's financial collapse in 2003, according to a