Top stories on just-food this week
By: just-food.com | 1 April 2010
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Bakkavor believes refinancing will allow business to look to future |
A swathe of results announcements dominated the headlines on just-food this week, as food companies from Barry Callebaut to Bakkavor updated the market on their recent performance. In other news, Mead Johnson revealed that it has formed a JV with Saudi dairy Almarai and Danone detailed plans to restructure its domestic dairy operations.
UK: Dairy Crest profits "ahead" of fiscal 2009
Dairy Crest, the UK firm behind brands including Cathedral City cheese and Clover butter, said today (31 March) that annual profits will be higher than the year before as lower costs buoy its dairies division.
ICELAND: Bakkavor FY losses narrow
Iceland-based Bakkavor, one of the UK's largest producers of convenience food, has booked narrowing full-year losses as the company improved its operating profit in 2009.
SWITZ: Barry Callebaut shares rise despite mixed H1 results
Shares in Barry Callebaut, the business-to-business chocolate giant, rose in early trading this morning (1 April) despite the company reporting mixed half-year results.
On the money: Emmi hints at "tactical" acquisitions in 2010
Swiss dairy group Emmi today (31 March) told just-food that it was "likely" to make "tactical" acquisitions in 2010.
UK: "Record" milk volumes to boost Wiseman FY
Record milk volumes at UK dairy group Robert Wiseman Dairies is set to drive annual sales above the company's targets, the company said today (30 March).
UK: Cranswick issues buoyant FY sales update
UK meat processor Cranswick said this morning (30 March) that turnover in the year to the end of March jumped 22%, which would take the business to "the upper end" of market forecasts.
US/SAUDI: Mead Johnson, Almarai to form Gulf venture
US baby-food group Mead Johnson is to set up a pediatric nutrition venture to serve the Gulf with Saudi dairy firm Almarai.
UK: Mars unit Wrigley unveils “sour” Starburst range
Mars Inc's Wrigley arm is to launch a sour liquid centre version of its Starburst sweets range in the UK.
UK: Slowing inflation hits sales at UK grocers - Kantar
Sales among the UK's major retailers grew by 3.6% in the 12 weeks to 21 March but slowing food inflation has weighed on growth, according to the latest data from Kantar Worldpanel.
FRANCE: Danone to restructure domestic dairy business
Danone has confirmed it is planning to invest “several millions of euros” in a reorganisation of its five French plants producing yoghurts, cream desserts and fromages blancs.
Sectors: Advertising & labelling, Baby food, Bakery, Canned food, Cereal, Chilled foods, Commodities & ingredients, Condiments, dressings & sauces, Confectionery, Dairy, Dried foods, Emerging markets, Financials, Food safety, Fresh produce, Frozen, Health & wellness, Meat & poultry, Mergers & acquisitions, Natural & organic, NPD & innovation, Private label, Retail, Seafood, Snacks, Sustainability & the environment, World foods
Companies: Bakkavor, Barry Callebaut, Dairy Crest, Emmi, Danone, Cranswick, Robert Wiseman Dairies, Wrigley, Mars Inc
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