News briefs: Parmalat, Saputo and Fonterra
This week, Fonterra reveals its milk supply concerns, Saputo posts
profit growth from its North American focus, and Parmalat says it
is meeting its financial expectations for the year.
Unilever braced for restructuring benefits
Unilever posted a 5 per cent improvement in sales during the full
fiscal year, on the back of its increased focus on products with
vitality benefits, emerging markets and personal care.
Third of people choose low fat food to stay trim
Low fat food products are most popular when attempting weight loss,
according to a survey looking at weight management across 13
Consumers against nanotech in food, says BfR
The majority of consumers do not think that nanotechnology should
be used in food applications, according to a survey from German
risk assessor BfR, and they are more likely to trust information
from consumer groups than politicians...
Wimm-Bill-Dann profits despite dairy cost crunch
Russian group Wimm-Bill-Dann posted a 40.4 per cent increase in
sales to $1.75bn (€1.2bn) during the nine months of its current
financial year, on the back of a strong performance from both its
dairy and infant nutrition brands.
Diversified dairy market leaves room for manoeuvre
Danone was the world's leading producer of dairy products in 2006,
accounting for 5.1 per cent of total global sales, narrowly ahead
of multinational rivals Nestle and Kraft Foods, says market analyst
Parmalat boosts sales 5.4 per cent on rising demand
Italy-based Parmalat, one of the world's largest dairy companies,
yesterday reported a 5.4 per cent increase in sales boosted by
rising demand for its products in the nine months ended 30
Nestle weathers commodities storm, sales rise 7%
Nestle yesterday reported organic sales rose by seven per cent in
the first nine months of this year, with the company successfully
managing to offset rising raw material costs by hiking prices.
China still top for manufacturing investment, study
China remains the number one location in which manufacturers plan
to expand their operations, according to a new study by service
consultants, Deloitte & Touche.
Number of jobs fall in food and drink manufacturing
The number of jobs in the UK's food and drink sector fell by 14 per
cent from 2000 to 2005, reflecting the decline in the number
of companies in the sector.
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.
Strong sales boost revenues for Kellogg
Kellogg said yesterday sales jumped by 9 per cent to $3bn (€ 2.2bn)
for the quarter ended 30 June, underlying the company's growth
across all of its cereal and snack segments.
Strong sales across board for Pepsi
PepsiCo yesterday reported revenue growth of 10 per cent for the
quarter ending 16 June, thanks to strong performances across most
Beer sales set to increase, says Heineken
Heineken announced yesterday that it has doubled its forecast for
net profit growth, with strong sales in emerging markets offsetting
slow growth rates in Europe and the US.
Coca-Cola experiences double digit sales
Coca-Cola reported Tuesday net revenue growth of 19 per cent for
the quarter ending 29 June, led by strong performances in emerging