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Diamond Foods has posted a loss for Q2US: Diamond posts Q2 loss but shares rise

12 March 2014

Shares in Diamond Foods rose despite the US snack maker posting a second-quarter loss after the company's sales and underlying earnings beat analyst expectations.

UK: Kettle launches "better for you" baked line

22 January 2014

Up-market crisp maker Kettle Foods is launching a line of lower-calorie baked chips in the UK.

US: Diamond to pay US$5m to settle accounting scandal

10 January 2014

Diamond Foods will pay a fine of US$5m to settle charges related to an accounting scandal that saw the company delay recording payments to walnut growers in order to inflate profits.

US: Diamond hit by issues at nut business

6 December 2013

Diamond Foods has booked a drop in first-quarter sales and earnings, hit by lower walnut supplies and the relaunch of its Emerald nut brand.

US: Diamond FY profits fall, forecasts improvement 2013/14

1 October 2013

US snack firm Diamond Foods has reported a fall in underlying annual profits - but said it expects earnings to improve in its new financial year.

US: Diamond shares surge on lawsuit settlement, raised guidance

22 August 2013

Diamond Foods shares surged almost 20% yesterday (21 August) after the company said it has reached an agreement to settle a shareholder lawsuit and raised its financial guidance.

US: Diamond losses fall but restates H1 earnings

11 June 2013

US snack group Diamond Foods has reported a fall in its losses for the first nine months of its financial year, although the Kettle Chips owner has had to restate its first-half earnings.

US: Former A&P CFO Silcock joins Diamond Foods

11 June 2013

Kettle Chips owner Diamond Foods has named former A&P CFO Raymond Silcock as its new finance chief.

The week ahead: Sainsbury's & Smithfield results; international meat, poultry, seafood expos

10 June 2013

A quiet week for financial updates as results season winds down, with Diamond Foods, Sainsbury's and Smithfield preparing to issue updates. Trade shows will see food companies setting out their wares in various continents from North America to Africa.

Editor's choice: the highlights on just-food last week

18 March 2013

Morrisons last week announced firmer plans for an online food service - and the UK retailer could join forces with specialist Ocado. Larger rival Tesco, meanwhile, launched its own price-comparison scheme to lure in customers. Tesco, however, attracted more headlines on horsemeat with another recall. On a separate note, an Irish meat firm was said to know its beef was contaminated a year ago. Dole Food Co., Chiquita and Diamond Foods were among companies announcing results and, on the M&A front, UK firm Burton's Biscuit Co. could soon be up for grabs.

Quote, unquote: just-food's week in words

18 March 2013

Food prices - or the prospect of inflation - was a hot topic last week. A vote by the European Parliament to extend sugar quotas to 2020 was criticised, while proposed US changes to country-of-origin labelling were also argued to be set to lead to higher prices. Meanwhile, a drought in Spain is causing concern over global olive oil prices.

On the money: Diamond hails turnaround progress

13 March 2013

Diamond Foods has insisted it continues to make good progress on its turnaround plan, despite booking a mixed set of results that saw the top and bottom line remain under continued pressure.

US: Diamond Q2 sales, earnings miss Wall St forecasts

12 March 2013

Diamond Foods has booked second-quarter sales and adjusted earnings below Wall Street forecasts, hitting the Kettle Chips firm's shares in early trading today (12 March).

US: Investment fund BlackRock buys Diamond Foods stake

13 February 2013

US investment firm BlackRock has snapped up nearly 8% of Kettle Chips manufacturer Diamond Foods.

In the spotlight - Arca takes bigger bite of snacks market with double-deal

4 January 2013

Arca Continental's decision to acquire US-based Wise Foods and Ecuadorian snacks firm Inalecsa could come as a surprise, given that the Coca-Cola bottler's interests are primarily in the beverage sector. However, Michelle Russell suggests, the Mexican firm is likely to use the acquisitions to take its Mexican brands into new markets while also leveraging the capabilities of Wise and Inalecsa to boost its Mexican snacks presence.

US: Diamond underlying Q1 profits beat forecasts

18 December 2012

Shares in Diamond Foods rose today (18 December) after the Kettle Chips owner reported underlying first-quarter earnings that were ahead of Wall Street forecasts.

US: Diamond Foods shares fall after Q4 loss

10 December 2012

Shares in Kettle Chips owner Diamond Foods tumbled today (10 December), the first day of trading after the US snack group reported a fourth-quarter loss.

US: Diamond targets "significant opportunities" to trim costs

5 December 2012

US snacks group Diamond Foods has indicated it can see "significant opportunities" to lower its cost base by reducing its overhead structure and tightening its supply chain.

US: Diamond appoints Colo supply chain chief

4 December 2012

Diamond Foods has appointed David Colo to the newly-created position of executive vice president, global operations and supply chain.

Quote, unquote: just-food's week in words

19 November 2012

Hostess Brands, one of the largest bakery groups in the US, last week moved to wound down the company, blaming striking workers. Elsewhere, Diamond Foods' CEO, once the boss of Hostess, insisted the Kettle Chips firm was heading in the right direction after a year of turmoil. In Europe, food giants insisted their move to harmonise nutrition labels would benefit consumers, while in the UK, exporters were urged to target China.

US: Diamond Foods trims past profits, reports Q3 loss

16 November 2012

Shares in Kettle Chips owner Diamond Foods tumbled after the US company posted lower earnings for 2010 and 2011 in restated accounts - and booked a loss for the first three quarters of its current financial year.

US: Diamond to close Indiana factory

29 October 2012

Diamond Foods has signalled its intention to close its Fishers factory in Indiana, with the loss of around 100 jobs.

US: Diamond Foods adds to Kettle Bakes range

16 October 2012

Diamond Foods has added new flavours to its Kettle Brand Bakes range on sale in the US.

US: Nasdaq warns Diamond Foods over annual report

8 October 2012

Nasdaq has told US snack maker Diamond Foods that failure to file its latest annual report on time will serve as another factor that might lead to a delisting of its shares.

US: Diamond Foods gets Nasdaq reporting extension

12 September 2012

Nasdaq has handed US snack maker Diamond Foods more time to become up-to-date with its financial reporting.

US: Diamond requests Nasdaq de-listing hearing

15 June 2012

Diamond Foods has requested a hearing with Nasdaq after being told the company might be de-listed from the stock exchange for missing the deadline on filing its already-delayed financial results.

US: Diamond Foods secures Oaktree Capital investment

23 May 2012

Embattled US snack food group Diamond Foods has sold a 16.4% stake in the company to global investment firm Oaktree Capital management.

US: Hostess Brands eyes bankruptcy exit despite jobs warning

10 May 2012

US baker Hostess Brands, which filed for Chapter 11 protection earlier this year, has said it is still eyeing an exit from bankruptcy despite warning employees jobs could go if the company is sold or closed.

US: Ex-Hostess Brands chief Driscoll named Diamond Foods CEO

8 May 2012

Brian Driscoll, the former CEO of US baker Hostess Brands, which is in bankruptcy protection, has joined Diamond Foods as its chief executive.

US: Diamond "holds stake sale talks with private equity"

22 March 2012

Embattled US snack foods company Diamond Foods has reportedly in talks to sell a stake in the business to private-equity firms.

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