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The most-read interviews on just-food in 2011
23 December 2011
2011 was again a year in which just-food discussed the key industry issues with the leading lights in the sector. From the creation of meat-free firm Quorn Foods to Ferrero's ambitions in the UK and from Kraft Foods' plans in the key emerging market of South Africa to sustainability strategies with Ahold and Kellogg, we interviewed some of the top players in the industry this year. Click on the links for more and check out all our featured interviews for 2011 here.
FINLAND: UK profits prompt Raisio to lift EBIT forecast
20 December 2011
Finnish food group Raisio today (20 December) increased its forecasted EBIT for its 2011 financial year on the back of profits from its UK operations.
FINLAND: Raisio Q1 profits "undermined" by growth investment
10 May 2011
Finnish food group Raisio said that first-quarter profitability was "undermined" by costs relating to a number of growth projects.
Editor's choice: the highlights on just-food this week
11 February 2011
Commodity costs was a central theme this week and the likes of Kraft Foods and PepsiCo, announcing their annual results, said the pressure, which began in earnest in the second half of 2010, would continue into 2011. Meanwhile, the race for Yoplait heated up, with nine bids coming in for the yoghurt brand. Premier Foods sold off another asset, this time offloading its canned grocery business to Princes. And, on our insight pages, we took a look at the UK convenience retail channel, the debate over eco-labelling and spoke to French dairy business Candia about operating in north Africa and the Middle East.
FINLAND: Glisten buy boosts Raisio FY profits
10 February 2011
Finland-based food group Raisio saw sales and profits rise in 2010, driven by the purchase of UK snack maker Glisten in the early part of the year.
The just-food interview - Matti Rihko, Raisio
8 February 2011
A year on from its acquisition of snack and confectionery maker Glisten, Finnish food company Raisio has made another move for a UK firm. The company has snapped up Big Bear Group, the owner of brands from Sugar Puffs cereal to Fox's confectionery. In this month's just-food interview, Michelle Russell spoke to Raisio CEO Matti Rihko about his company's latest acquisition.
Best bits: Egypt adds to investor concerns over emerging markets
7 February 2011
In what was a record week for just-food in the volume of stories published, the political crisis in Egypt and its impact on the food sector took centre stage.
In the spotlight: Big Bear a "good fit" for Raisio
4 February 2011
The announcement this morning that Raisio has purchased UK-based Big Bear Group, owner of brands like Sugar Puffs cereals, comes as no surprise, given that the deal has been rumoured for some time.
FINLAND/UK: Raisio acquires Sugar Puffs maker Big Bear
4 February 2011
Finland-based food group Raisio has bought UK-based Big Bear Group, owner of brands like Sugar Puffs cereal, for EUR95.3m (US$130m).
FINLAND: Raisio eyeing acquisitions for growth
31 January 2011
Finland-based food group Raisio has said that it is eyeing acquisition opportunities in a bid to grow its business further in Europe.
The just-food management briefing - M&A in 2010 - a year in review
20 December 2010
Kraft Foods' move to buy Cadbury in January failed to spark a burst of M&A activity in the food industry, as economic conditions continued to dampen attitude to risk. As the year progressed, however, and confidence returned, the pace of acquisitions picked up. But as Dean Best reports, the nature and rationale behind the deals has altered significantly.
The just-food management briefing - healthy snacking - NPD
29 November 2010
Given the highly competitive nature of the snack foods market, levels of innovation and new product activity have traditionally been on the high side.
FINLAND: Raisio Q3 profit drops despite jump in sales
2 November 2010
Finland-based food group Raisio today (2 November) posted a fall in third-quarter profits despite the company's sales rising almost 25%.
FINLAND: Raisio bullish as Q1 dips
4 May 2010
Finnish food group Raisio today (4 May) insisted that it would expand revenues during fiscal 2010, despite booking a drop in first-quarter sales.
UK: Glisten posts H1 profits as sale looms
22 March 2010
UK snack maker Glisten this morning (21 March) booked a 10% rise in half-year profits in what is set to be the company's last set of results as a London-listed company.
UK: Glisten investors back sale to Raisio
12 March 2010
Shareholders in UK snack maker Glisten today (12 March) gave the green light to the sale of the business to Finnish food group Raisio.
Top stories on just-food this week
12 February 2010
The results of our reader survey on Kraft Foods’ acquisition of Cadbury proved popular reading this week, with the majority of you predicting that the principal consequence of the deal would be plant closures and job losses.
Quote, unquote: just-food's week in words
12 February 2010
There was plenty to chew over this week on obesity with Michelle Obama's launch of a US campaign to encourage healthy eating and exercise and the UK's ban on product placement for junk food. Snacks giant PepsiCo sets out its stall to make its portfolio more healthy, while yoghurt maker Danone outlined plans for international expansion. Here is the best of who said what this week.
FINLAND: Growth means Raisio will miss profit targets
11 February 2010
Finnish food group Raisio warned this morning (11 February) that its plans for growth over the next two years means the company will miss its profit targets in 2010.
UPDATE 2: FINLAND: Raisio eyes growth in healthy snacks
10 February 2010
Raisio, the Finnish food group, said today (10 February) that the company had made an offer for UK firm Glisten due to the recent growth in "premium", healthy snacks.
UPDATE: UK: Glisten chairman hails "win-win" Raisio sale
10 February 2010
Raisio's bid to buy Glisten is a "win-win" deal for both companies, the chairman of the UK snacks firm told just-food today (10 February).
FINLAND/UK: Raisio moves to buy Glisten
10 February 2010
Raisio, the Finnish food group behind the Benecol brand, has made a EUR22.8m (US$31.4m) bid to buy UK snack maker Glisten.
UK: Glisten sees sales progress, appoints chairman
10 December 2009
UK snack group Glisten announced today (10 December) that David Wallis will succeed Jeremy Hamer as chairman, with immediate effect.
INSIGHT: Halo weighs on Glisten FY – CEO
2 November 2009
Glisten's chief executive has revealed that issues at the group's Halo Foods business coupled with depressed demand due to the economic downturn dented profitability at the UK snack group, which today (2 November) posted a 49% drop in pre-tax profits.
UK: Glisten FY profits plummet
2 November 2009
UK snack group Glisten said today (2 November) that its full-year earnings were down by almost one-third and pre-tax profit almost halved, despite stable revenues.
UK: Glisten savoury MD hails new unit
29 September 2009
Glisten has announced plans to unify its savoury snack businesses into a single operating unit.
UK: Glisten reassures on reporting issues
26 August 2009
Glisten has moved to reassure the market after inaccurate reporting issues at its Halo Foods business forced the UK confectioner to delay the release of its preliminary results.
UK: Glisten lowers guidance, suspends executives
26 June 2009
UK food group Glisten has reduced its profit forecasts for the full year and suspended two executives as a result of finding failures in management and accounting processes at one of its subsidiaries.
UPDATE: UK: Glisten CFO upbeat despite margin pressure
23 March 2009
UK snack maker Glisten has remained upbeat on its outlook for the full-year, despite posting half-year profits that were down by about one-third.
UK: Glisten focuses on value to ride out recession
23 March 2009
UK snack group Glisten has said it expects the introduction of new value products to see it through the current recession after seeing half-year profits fall.
Related research
Confectionery
This Key Note Market Report Plus examines the performance of the UK confectionery market. From 2004, sales are estimated to have grown by 6.9% to reach a value of £4.66bn — an estimated fall of 0.3% from 2007. The two main sectors of the market are those of chocolate and sugar confectionery.
