Food giants report H1 trading
PepsiCo, Unilever and Hershey among multinationals reporting first-half results.
Premier Foods plc CEO Michael Clarke has claimed the UK food manufacturer is a more financially sustainable business, with less "short-term trading" that "propped up the numbers".
US dairy group Dean Foods has reported a jump in half-year profits as a focus on costs offset flat sales.
Kraft Foods chairman and CEO Irene Rosenfeld has said she feels "very good" about the US food giant's performance in Europe, a challenging market for consumer goods companies.
Fresh Del Monte Produce reported mixed first-half results this week but the numbers merely provided the context for the US company to insist it is looking at building a business that focuses not just on produce and not just on the developed markets of the West, writes Dean Best.
Kellogg revealed it is making good progress in Europe and said it feels better about the region's prospects in the second half of the year.
Unilever's latest disposal of food assets is just another sign the consumer goods giant is focusing more on its faster-growing home and personal care businesses.
Danone plans to reduce prices on its dairy products in Spain in a bid to boost sales in one of its major - and most challenging - markets outside France.
Danone reported its half-year results today (27 July), just six weeks after it issued a profit warning for 2012. What did leading industry analysts make of the French food giant's results?
Hershey president and CEO J.P. Bilbrey has claimed the US confectionery category has reached a "new normal" of growth after the company lifted its forecast for annual profits.
Unilever CEO Paul Polman today (26 July) called on the company's food business to improve further after reporting an up-and-down first half of the year.
Hershey has lifted its forecast for underlying earnings today (26 July) after managing to increase prices more than expected in the first half of 2012.
US infant formula group Mead Johnson Nutrition has lowered its full-year sales outlook, citing a slowdown in Chinese demand.
PepsiCo, which today (25 July) reported a drop in quarterly profits, hailed a resilient performance in Europe, amid the economic strife in the region.
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