Dairy Crest chief executive Mark Allen said today (21 May) he is "confident" the group's disposal of its struggling dairies business to Mull...
The price farmers are paid for milk has again made national headlines in the UK - and again it is the country's supermarket chains in the fi...
Shares in Dairy Crest shot up today (6 November) after the UK dairy group announced a deal to sell its most problematic and under-pressure division - liquid milk. However, it may just be the City was not just reacting to the exit (dependent of course on competition officials approving the transaction) of Dairy Crest from a sector struggling to make money but the fact there could be takeover interest in the leaner company.
Unilever's third quarter underlying sales growth missed analyst expectations as the Hellmann's maker reported its spreads segment was still struggling, and ice cream sales were dampened by poor weather in Europe.
Arla Foods is wise to invest in its whey protein production capacity. However, the company is far from alone in pursuing this strategy, with various dairy firms stepping up production to meet growing global demand. As activity increases so too could competition, Katy Askew suggests.
Strategically, Dairy Crest's deals with fellow UK dairy group Fayrefield Foods and New Zealand dairy giant Fonterra to serve the global infant formula market are astute moves. But the deals could also catch the eye of some of the world's larger dairy processors about Dairy Crest's new capabilities.
UK cheese maker Cricketer Farm supplies the country's major retailers with low-fat cheese, a category growing amid the rising consumer interest in health. However, in the last 18 months, the business has added a new brand - Cheeky Cow - to its portfolio, with half the fat of mature cheddar. MD Greg Parsons talks to Dean Best about the brand's early performance, the competition and how there are plans for "evolution" in 2015.
Dairy Crest has said it has had a "transformational" year, characterised by an increased focus on its domestic business and a drive to boost efficiency. The company is now plotting a number of investments designed to grow both the top and bottom line. In a two-part just-food interview, Katy Askew spoke to CEO Mark Allen about how Dairy Crest is improving its cost base and shifting to higher margin products.
Dairy Crest, the UK dairy group, has said it will focus on growing its branded sales and accelerating revenue from demineralised whey and galacto-oligosaccharide (GOS) ingredients this year.
Dairy Crest is in talks with Fowler Welch over a deal that could see the UK logistics company manage the transport operations at the Cathedral City cheese owner's distribution site in Nuneaton in Warwickshire.
Dairy Crest said this morning (11 February) product launches and promotions have helped improve the performance of its struggling spreads brands, Clover and Country Life.
Dairy Crest has taken over Promovita Ingredients, maker of galacto-oligosaccharide, a prebiotic for use in infant formula.
From the merger that created Kraft Heinz and ConAgra Foods' decision to split in two, through Nestle's uneven sales performance and on to investment in India and China, our analysis pages got you clicking this year. Here's the top ten most-read analysis articles of 2015.
This week, Kellogg pledged to cut greenhouse gas emissions by 65% by 2020. Elsewhere, German dairy Muller announced it was exiting its US yoghurt joint venture with PepsiCo, Muller Quaker Dairy. Canada announced it is working on duties on a range of imported US-made food products after the WTO ruled it could claim compensation for illegal US country-of-origin labels and Coca-Cola revealed plans to enter Brazil's dairy sector. Here is the week in quotes.
This week, TreeHouse Foods announced the acquisition of ConAgra Foods' troubled private-label arm for US$2.7bn. Kellogg posted yet another quarter of falling cereal sales, although CEO John Bryant insisted the category was improving. Kraft Heinz Co. announced a fresh swathe of job cuts across the US and Canada And just-food interviewed UK cheese maker Wyke Farms MD Richard Clothier who highlighted the challenges in the UK market for an independent dairy operator.
UK dairy processor Dairy Crest insisted that it has "clear plans in place" to address issues at its spreads business, where its brands have been hit by the overall decline of the category in a deflationary environment.
The UK debate over sugar intensified this week with Public Health England calling for a series of measures to reduce consumption. In the US, Campbell Soup Co. and The Schwan Food Co. both made pledges to simplify the ingredient panels in some of their products. In China, PepsiCo announced the opening of the first Quaker Oats plant in the country. Here is the week in quotes.
Muller's bid to buy Dairy Crest's liquid milk business has been approved by UK competition officials, the companies announced today (19 October).
Nestle's "advanced" talks to put the bulk of its ice cream business into a venture with the UK's R&R Ice Cream was the week's stand-out M&A story, while regulatory developments - the TPP trade deal, food safety rules in China and US dietary guidelines - caught the eye elsewhere.
Dairy Crest has said the sale of its dairies division to Muller remains "on track" for completion this year after the UK's Competition and Markets Authority said it is consulting on further adjustments to the proposed deal.
Dairy Crest, the UK dairy group, has removed artificial ingredients from its Clover dairy spread in a bid to meet growing demand for "more natural, unprocessed foods".
Russia this week said it would extend its restrictions on food imports to four more countries. In India, the ban on Nestle's Maggi noodles was overturned - although the products will have to be tested again. In the US, Kraft Heinz Co. announced plans to cut 2,500 jobs, while co-investor Warren Buffett cooled talk over a bid - in the short term at least - for Mondelez International. And in Europe, Nomad Foods struck a deal to buy Findus Group's operations in seven markets.
Muller's acquisition of Dairy Crest's liquid milk business appeared to move a step closer yesterday (11 August) when the UK's competition regulator indicated it is proposing to accept the German giant's moves to assuage anti-trust concerns.
Dairy Crest has said that it remains on-track to meet full-year earnings expectations as the growth of Cathedral City cheese meant sales at its cheese and spreads business are in line with last year, despite a drop in spreads sales.
Dairy Crest has rejected union criticism of a GBP1.2m (US$1.9m) bonus chief executive Mark Allen stands to be awarded.
Unite, the union representing workers at UK cheese-to-spreads group Dairy Crest, has criticised the bonus the group's chief executive is reportedly due on completion of the sale of Dairy Crest's dairies division to Muller. The union's stinging attack comes ahead of pay talks scheduled for the end of the month.
The UK's Competition and Markets Authority (CMA) has “accepted in principle” a revised offer from German dairy giant Muller for Dairy Crest's liquid milk business, the company said.
The UK competition probe into the proposed sale of Dairy Crest's milk business to Muller has been extended to a so-called "phase two" investigation.
This week, Arla Foods struck a notable deal in Egypt, with plans for a local venture with Juhayna Food Industries. Elsewhere, Unilever announced CFO Jean-Marc Huet would step down from his post and Thorntons said CEO Jonathan Hart had decided to leave the business. Premier Foods announced its annual results and CEO GavinDarby said the UK group would continue to focus on revamping its range.
Dairy Crest has hailed an improved full-year performance from its spreads business but profits fell at the UK dairy group as one-time costs and ongoing weakness in its dairies division took their toll.
Rabobank's annual league table of the world's largest dairy companies has been released - and the data underlines what a challenging market it has been in recent months.
Global Dairy Food Market: News and Events January 2015
The report provides a review of the latest news and key events in the global dairy food market during January....
Global Dairy Food Market: News and Events April 2015
The report provides a review of the latest news and key events in the global dairy food market during May 2015....
Global Dairy Food Market: News and Events June 2015
The report provides a review of the latest news and key events in the global dairy food market during June 2015....
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