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CHINA: Fonterra, Beingmate launch infant formula JV

New Zealand dairy group Fonterra and Chinese infant food business Beingmate have established a "global partnership" to capitalise on growing...

SWITZERLAND: Italy yoghurt woes lead to Emmi profit warning

Switzerland-based dairy group Emmi today (27 August) issued a profit warning after its half-year earnings slumped in the wake of an impairme...

US/IRELAND: Chiquita, Fyffes up savings target in defence of merger

Chiquita Brands International and Fyffes have raised their forecasts for the synergies they expect their merger to create, with the US produ...

AUS: Record sales but profits down at Murray Goulburn

Australian dairy group Murray Goulburn today (27 August) reported its highest-ever annual sales - but saw its profits fall....

Recent news

US: Sanderson Farms Q3 profit misses Wall St. expectations 27 Aug 2014

Hannah Abdulla

US poultry producer Sanderson Farms reported an increase in sales during its third quarter, but despite profit growth, results fell short of analyst expectations.


NORWAY: Marine Harvest points to underlying profit rise 27 Aug 2014

Dean Best

Seafood group Marine Harvest today (27 August) posted what it called a "strong" second quarter, pointing to higher underlying EBIT despite a fall in profits on a reported basis.


CHINA: Fonterra, Beingmate launch infant formula JV 27 Aug 2014

Katy Askew

New Zealand dairy group Fonterra and Chinese infant food business Beingmate have established a "global partnership" to capitalise on growing Chinese demand for infant formula.


US: Lindt's Ghirardelli arm settles lawsuit 27 Aug 2014

Katy Askew

Lindt & Sprungli's US unit Ghirardelli has agreed to pay US$5.25m into a fund to settle claims brought against it in a class action lawsuit.


INDIA: Mondelez to launch gifting brand Cadbury Glow 27 Aug 2014

Dean Best

Mondelez International is targeting Indian consumers who want to buy chocolate as a gift with the launch of Cadbury Glow.


ITALY: Iglo restarts production after Findus fire 27 Aug 2014

Katy Askew

Iglo Group has restarted production at its Findus manufacturing facility in Cisterna, Italy, after a fire at the plant disrupted operations.


FINLAND: Valio reveals job impact of Russia ban 27 Aug 2014

Hannah Abdulla

Finnish dairy Valio today (27 August) outlined the impact on jobs at four of its sites as a result of Russia's ban on EU dairy products.


IRELAND: Fyffes raises profit forecast on "strong" H1 27 Aug 2014

Katy Askew

Irish fruit group Fyffes has upped its full-year earnings guidance after a "strong" first half when EBITA jumped 36.5%.


US/IRELAND: Chiquita, Fyffes up savings target in defence of merger 27 Aug 2014

Katy Askew

Chiquita Brands International and Fyffes have raised their forecasts for the synergies they expect their merger to create, with the US produce company the subject of a takeover bid from Brazilian firm Cutrale Group and Safra Group.


AUS: Murray Goulburn uses Scandinavian fund cash to buy farms 27 Aug 2014

Hannah Abdulla

Australian dairy co-operative Murray Goulburn has secured A$20m (US$18.7m) of investment from a Scandinavian pension fund to invest in the purchase of nine dairy farms.


US: ConAgra launches snack line for "health-conscious" 27 Aug 2014

Hannah Abdulla

ConAgra Foods has launched the Delight Bites snack treat range under its Life Choice brand.


NZ: Fonterra to boost processing capacity 27 Aug 2014

Hannah Abdulla

Fonterra is to build a "high efficiency" milk powder drier plant and boost milk processing capacity in New Zealand as it eyes higher-margin products.


INDIA: Mondelez eyes "attractive" snacks categories 27 Aug 2014

Dean Best

Mondelez International has indicated it wants to build its presence in snacks in India, with consumption rising as incomes grow.


UK: Watchdog clears Noble's purchase of two Manton egg sites 27 Aug 2014

Hannah Abdulla

UK egg supplier Noble Foods will press forward with plans to acquire two factories from local peer Manton after being given the go-ahead from competition officials.


JAPAN: Q1 profits up at Meiji despite sales dip 27 Aug 2014

Dean Best

Japanese food group Meiji Holdings has booked a 13% increase in first-quarter profits despite a decrease in sales.


SWITZERLAND/GERMANY: Emmi to take control of Glaserne Molkerei 27 Aug 2014

Dean Best

Emmi has struck a deal to take majority control of German organic milk supplier Gläserne Molkerei.


SWITZERLAND: Italy yoghurt woes lead to Emmi profit warning 27 Aug 2014

Dean Best

Switzerland-based dairy group Emmi today (27 August) issued a profit warning after its half-year earnings slumped in the wake of an impairment on its Italian yoghurt business.


AUS: Record sales but profits down at Murray Goulburn 27 Aug 2014

Dean Best

Australian dairy group Murray Goulburn today (27 August) reported its highest-ever annual sales - but saw its profits fall.


HONG KONG: Mixed H1 for infant formula firm Biostime 26 Aug 2014

Dean Best

Hong Kong-listed infant formula group Biostime International Holdings has posted an increase in its first-half net profit but competition pushed up costs, hitting pre-tax earnings.


BELGIUM: Cost focus helps Ter Beke amid lower sales 26 Aug 2014

Dean Best

Belgium-based processed meats and ready meals group Ter Beke has reported higher first-half profits despite lower sales thanks to "strict" cost control.


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