13 November 2013
Petra Foods, the Singapore confectioner, has reported higher third-quarter profits as it starts life as a consumer-facing business after selling its cocoa ingredients arm.
7 November 2013
Business-to-business chocolate giant Barry Callebaut today (7 November) revealed a drop in earnings in its full-year but reaffirmed its mid-term financial targets.
23 October 2013
Barry Callebaut and Petra Foods are in a row over the price the Swiss chocolate giant wants to pay for the Singapore chocolate firm's cocoa business.
2 October 2013
US agribusiness giant Cargill is reported to be close to securing a deal to acquire Archer Daniels Midland's cocoa business.
3 September 2013
Barry Callebaut has opened a cocoa facility in Indonesia through its venture with local exporter P.T. Comextra Majora.
15 August 2013
The CEO of Petra Foods has insisted the Singapore-based confectioner is in "an ideal position" to capitalise on opportunities in Asia in the wake of the sale of its cocoa ingredients arm to Barry Callebaut.
4 July 2013
B2B chocolate giant Barry Callebaut today (4 July) reported an 8% increase in sales volumes for the first nine months of its financial year, with growth, it said, across all regions.
3 July 2013
US agribusiness giant Cargill has remained coy over reports it is exploring the possibility of buying Archer Daniels Midland's cocoa business.
21 June 2013
US agri-giant Archer Daniels Midland has confirmed it is in talks over a potential sale of its cocoa business.
16 May 2013
Singapore-based confectioner Petra Foods today (16 May) reported higher underlying first-quarter profits thanks to improved sales and margins from what is now its core consumer products business.
7 May 2013
Cargill has started building a cocoa processing plant in Indonesia to meet regional demand for cocoa products.
29 April 2013
just-food spoke with ABF CEO George Weston this week following the release of the firm's first-half figures. The chief executive spoke about the performance of and prospects for the firm's food operations. Elsewhere, Ocado dismissed reports of a potential takeover by Morrisons, while Nestle defended a trademark lawsuit it has filed against Petra Foods over the Singapore firm's Delfi Take-It chocolate bar.
29 April 2013
Associated British Foods grabbed the headlines this week - for good and tragic reasons. Twenty-four hours before a factory in Bangladesh that supplied ABF's discount clothing chain Primark, just-food discussed the Kingsmill bread owner's half-year results. Another UK-listed major, Unilever, this week reported its Q1 sales, which missed analyst estimates on weaker spreads and ice cream sales. Elsewhere, we analysed the return of GM to national UK headlines and China's attempts to improve food safety.
25 April 2013
Chocolate and cocoa group Petra Foods has defended its Delfi Take-It chocolate bar after Swiss food giant Nestle filed a trademark lawsuit against the firm in Singapore.
8 April 2013
Barry Callebaut plans to focus more on integrating recent acquisitions and supply deals this year than buying businesses or striking more supply deals, the chocolate group's CEO has told just-food.
8 April 2013
Shares in Barry Callebaut, the world's largest B2B chocolate maker, fell today (8 April) after the Swiss group's first-half earnings fell below analyst estimates.
21 March 2013
B2B chocolate giant Barry Callebaut has sought to cool concerns over the recent performance of Singapore peer Petra Foods and the over-capacity in Asia's cocoa sector.
27 February 2013
Petra Foods has seen full-year profits slide by 57% due to difficult trading conditions and one-off charges related to its soon-to-be-sold cocoa ingredients business.
31 January 2013
Since selling its consumer units over the last few years, business-to-business chocolate maker Barry Callebaut has been treading a new path focused on its "core" business with industrial and artisanal customers. Michelle Russell caught up with Barry Callebaut marketing director for Western Europe, Sofie De Lathouwer at this year's ISM confectionery show in Cologne to find out more about its strategy for growth.
21 January 2013
Horse meat is the topic that kept the just-food newsroom busy last week after food safety officials found horse meat had been used in the production of burgers in the UK and Ireland. Tesco was the first to announce the recall of some ranges of burgers, with other retailers quick to follow suit. Elsewhere, Flowers Food emerged as the "stalking horse" bidder for various Hostess Brands bread brands in the US, and in the UK just-food spoke with Thorntons CEO Jonathan Hart on the firm's second-quarter results and his plans for the confectionery firm going forward.
16 January 2013
Barry Callebaut expects emerging markets to increasingly contribute a greater proportion of group sales, driven by M&A and organic growth.
16 January 2013
Barry Callebaut revealed today (16 January) that first-quarter sales volumes remained flat despite a "strong" increase in volumes.
18 December 2012
Volatility in global commodity markets remained a significant factor for the food industry during 2012. On the one hand, adverse weather conditions hit grain harvests causing prices to spike, while on the other, over-supply has meant cocoa and sugar prices have continued to fall. Katy Askew takes a look at some of the major developments on the commodities markets over the past 12 months.
17 December 2012
Barry Callebaut CEO Juergen Steinemann last week insisted its acquisition of Petra Foods' cocoa ingredients unit will strengthen its future with the deal making it the world's largest processor of cocoa and high-quality cocoa powder. Elsewhere, the European Commission said it would come forward with ideas for a grocery code adjudicator by next autumn if no system of self-regulation is put into place. Parmalat, meanwhile, confirmed a raid on its offices over tax investigations, and David Heath, UK minister for environment, food and rural affairs said his department was working with the UK Government to identify export priority markets.
13 December 2012
Increased exposure to emerging markets? Tick. Boost portfolio with more in-demand products? Tick. Barry Callebaut tried to outline the benefits of its move to buy Petra Foods' cocoa ingredients arm but the market winced at the price paid. Dean Best reports.
12 December 2012
Barry Callebaut CEO Juergen Steinemann has insisted the group's acquisition of Petra Foods' cocoa ingredients division will boost its growth as shares in the Swiss B2B chocolate firm fell.
12 December 2012
Barry Callebaut said today (12 December) it had become the world's largest cocoa processor after agreeing to buy Petra Foods' cocoa ingredients business for US$950m.
9 November 2012
"Weak" global consumption of chocolate hit profits at Singapore chocolate and cocoa group Petra Foods in the third quarter.
8 August 2012
Singapore-based consumer and B2B chocolate and cocoa group Petra Foods has booked an increase in half-year profits despite lower sales.
19 July 2012
Petra Foods, the Singapore-based consumer and B2B chocolate and cocoa group, has incorporated a wholly-owned subsidiary into its organisational structure.