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UPDATE: Mondelez to close one Irish plant, streamline two more

Mondelez International has confirmed it plans to close one production plant in Ireland and downsize a further two sites....

Fyffes reports FY profit increase, "actively pursuing" M&A

M&A remains part of Fyffes' plans for growth, the fresh produce group said today (27 February) as it announced a jump in annual profits....

Campylobacter in UK chicken rises

The number of chickens being sold in UK supermarkets that are contaminated with campylobacter has risen since November, the Food Standards A...

BRF earnings leap on operating efficiency

BRF, the Brazilian meat giant, booked a 56.4% jump in 2014 operating earnings thanks to improved efficiency....

Recent news

UPDATE: Mondelez to close one Irish plant, streamline two more 27 Feb 2015

Katy Askew

Mondelez International has confirmed it plans to close one production plant in Ireland and downsize a further two sites.


Fyffes reports FY profit increase, "actively pursuing" M&A 27 Feb 2015

Hannah Abdulla

M&A remains part of Fyffes' plans for growth, the fresh produce group said today (27 February) as it announced a jump in annual profits.


Campylobacter in UK chicken rises 27 Feb 2015

Hannah Abdulla

The number of chickens being sold in UK supermarkets that are contaminated with campylobacter has risen since November, the Food Standards Agency confirmed after its latest survey.


BRF earnings leap on operating efficiency 27 Feb 2015

Katy Askew

BRF, the Brazilian meat giant, booked a 56.4% jump in 2014 operating earnings thanks to improved efficiency.


Bimbo post Q4 loss, sales up 27 Feb 2015

Dean Best

Mexican bakery giant Grupo Bimbo today (27 February) reported a fourth-quarter loss on the back of pension charges and restructuring costs in the US - although sales grew in the last three months of the year.


WhiteWave launches "Australian-style" yoghurt in US 27 Feb 2015

Dean Best

WhiteWave Foods has launched Yulu, an "Australian-style" yoghurt, in the US.


Charoen Pokphand Foods to take control of C.P. Cambodia Company 27 Feb 2015

Dean Best

The board of Thai food giant Charoen Pokphand Foods has approved plans to buy full control of poultry business C.P. Cambodia Company.


Ferrero, Deoleo in price row with Dutch grocer Jumbo 27 Feb 2015

Dean Best

Ferrero and Spain-based olive oil group Deoleo have seen products delisted by Dutch retailer Jumbo Supermarkten following a dispute over price.


TUF lifted by acquisitions, margins 27 Feb 2015

Katy Askew

Thai Union Frozen Products revealed a jump in full-year earnings today (27 February) lifted by improved margins and higher sales.


Bright Food "to buy 70% of Tnuva" 27 Feb 2015

Hannah Abdulla

China's Bright Food Group has reportedly upped the stake it plans to buy in Israeli grocer Tnuva to 70%.


Mondelez plans job cuts in Ireland 27 Feb 2015

Katy Askew

Mondelez International is reportedly planning to slash 160 jobs in Ireland.


Carlyle Group acquires Spain's Palacios 27 Feb 2015

Hannah Abdulla

Global asset manager The Carlyle Group has acquired a stake in Spanish food manufacturer Palacios Alimentacion from ProA Capital Partners Group and Talde.


Cost savings lift Ter Beke 2014 earnings despite sales slide 27 Feb 2015

Katy Askew

A focus on costs and profitable products enabled ready meals-to-meat group Ter Beke to grow earnings in 2014 despite a drop in sales during the year.


Hershey appoints Kelly Services exec Little as CFO 27 Feb 2015

Katy Askew

US chocolate group Hershey has appointed recruitment firm Kelly Services' finance chief Patricia Little to the post of CFO, effective 16 March.


Boulder Brands cuts 2015 sales forecast 27 Feb 2015

Dean Best

Shares in Boulder Brands tumbled yesterday (26 February) after the US food group cut its forecast for 2015 sales, pointing to expected lower growth from its gluten-free brands.


Candyking sets Sweden focus after "weak" 2014 27 Feb 2015

Hannah Abdulla

Sweden-based confectioner Candyking has said it will work on improving the profitability of its domestic business after a a year in which sales tumbled, hitting group turnover and underlying profits.


Mars launches Dove Fruit in US 27 Feb 2015

Katy Askew

Mars Inc is launching a new line of Dove chocolates - Dove Fruit - which combines real fruit and dark chocolate.


Value-added focus lifts Lala's 2014 performance 27 Feb 2015

Katy Askew

Grupo Lala, the Mexican dairy firm, said new products, a higher proportion of value-added sales and pricing helped lift both sales and earnings in 2014.


Food industry news of the week: yoghurt cartel, US ports 27 Feb 2015

Dean Best

France's competition watchdog this week confirmed an announcement on its three-year long probe into allegations of a price fixing in the country's yoghurt sector is imminent. Elsewhere, US companies affected by the dispute on West Coast ports said the backlog would take weeks to clear.


Food industry quotes of the week: Bega, Kerry, Post 27 Feb 2015

Hannah Abdulla

This week, Kerry Group CEO Stan McCarthy advised the market to expect a number of M&A deals from the Irish group in 2015. We caught up with the CEO of Australian dairy Bega Cheese, who talked about last year's much talked about takeover battle for Warrnambool Cheese and Butter Factory. Elsewhere, Podravka and Billy Sims China-Food Group advised of developments in China, and Mondelez International announced the closure of a plant in Ireland.


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