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Sales of PilgrimIRELAND: Profits up at The Irish Dairy Board

17 April 2014

Higher sales from consumer foods and from ingredients have helped annual profits increase at The Irish Dairy Board.

Quote, unquote: just-food's week in words

17 April 2014

Tesco's full-year results proved disappointing, as expected, and CEO Bill Stritz has said online retailing has played a huge part. Elsewhere first quarter results were out and Co-op saw heavy losses. It has now decided to get rid of some of the Somerfield stores and focus on its convenience offering. There were developments on the Michael Foods acquisition with Post Holdings announcing it had taken over the firm in a US$2.45bn deal. Other acquisitions this week included Daelman's purchase of UK firm Fabulous Bakin' Boys and PE firm Abraaj's acquisition of North African confectioner Kool Foods.

UKRAINE: MHP focuses on higher margin products

15 April 2014

Ukrainian grain-to-poultry firm MHP has said that it continues to develop its processed meats business in order to shift its mix to higher margin products.

GERMANY/UK: Suedzucker profit warning hits ABF shares

9 April 2014

German sugar refiner Suedzucker has cautioned operating profit in its current financial year will fall below expectations, a warning that hit shares in rival Associated British Foods.

US: "External" issues hit Cargill profits

9 April 2014

Cargill has blamed "external" effects - including problems with corn shipments to China - for a slump in earnings in its third quarter.

IRELAND: Mondelez to invest in chocolate crumb plant

9 April 2014

Mondelez International plans to invest in a chocolate crumb plant in Ireland to boost efficiency and position the company for growth.

Editor's viewpoint: Food security and consumer demand

8 April 2014

There is a growing consensus that a warming climate has an impact on food production - putting supply firmly at the debate over food security. But the demands of a growing global population are just as important to consider as industry, government and academia wrestle over how to solve the issue.

Quote, unquote: Westminster Food & Nutrition Forum on food security

7 April 2014

Representatives of industry, academia, NGOs and politics met in London last week to discuss the issue of food security and the challenges that lay ahead. Climate change, over-consumption and the use of technology in agriculture were just some of the topics discussed. just-food brings a flavour of the event.

Editor's choice: the highlights on just-food last week

7 April 2014

Unilever's business in South Africa was in the spotlight this week after it emerged its offices were raided as part of a probe into collusion. Elsewhere, there were two notable M&A deals in dairy, with Arla Foods looking to merge with Belgium-based EGM Walhorn and Lactalis's Parmalat bolstering its business in Australia with the acquisition of Harvey Fresh.

Quote, unquote: just-food's week in words

7 April 2014

This week, Tesco CFO Laurie McIlwee ended weeks of speculation over his future after handing in his resignation. Elsewhere, Kellogg was one of the three manufacturers linked to the rumoured sale of Dorset Cereals and Arla announced a proposed merger with EGM Walhorn.

Comment: Unilever raid shows South Africa eyeing food

4 April 2014

News the South African offices of Unilever and Sime Darby were raided by competition authorities this week comes as a further evidence that the country's competition watchdog has set its sights on the food sector, Katy Askew suggests.

FINLAND: HKScan outlines responsible soy sourcing plan

3 April 2014

Finland-based meat supplier HKScan has become a member of the Round Table on Responsible Soy.

SWITZERLAND: Barry Callebaut boosted by cocoa acquisition

3 April 2014

Barry Callebaut has booked an increase in first-half sales and earnings, boosted by the contribution of the cocoa business it acquired from Petra Foods last year.

IRELAND: Origin Enterprises appoints new CFO

3 April 2014

Origin Enterprises has announced the appointment of Imelda Hurley as chief financial officer.

CHINA/SINGAPORE: COFCO, Noble Group to form agri JV

2 April 2014

Chinese state-owned agribusiness and food group COFCO is to set up a commodity venture with Singapore conglomerate Noble Group.

UKRAINE: Low grain prices hit MHP profits

2 April 2014

Ukrainian poultry producer and grain trader MHP has posted a 48% fall in annual profits despite higher sales after seeing prices for its grain drop last year.

BRICs and beyond: Logistics remains key challenge to Indian expansion

1 April 2014

Getting products on shelves is a significant challenge for food manufacturers and retailers in India, where an under-developed supply chain hampers such efforts. International food groups and logistics companies are working to overcome the lack of infrastructure and, for companies who can offer solutions, a significant commercial opportunity exists. Raghavendra Verma reports.

IRELAND: Glanbia ingredients JV, Fivemiletown creamery in "strategic alliance" talks

1 April 2014

Glanbia Ingredients Ireland is in "exclusive" talks with Irish cheese manufacturer Fivemiletown Co-op - which is reportedly under the threat of closure - in a bid to set up a "strategic alliance" between the firms.

US: Cargill, Copersucar to form sugar JV

31 March 2014

Cargill and Copersucar have announced plans to combine their global sugar operations in a 50-50 joint venture.

Quote, unquote: just-food's week in words

31 March 2014

This week Cerebos Greggs announced the closure of its East Tamaki plant putting 125 jobs at risk. Job cuts were announced at Asda too as the company plans a restructure to cut costs. Ads and marketing campaigns were the centre of attention this week with Aldi getting its wrists slapped over the Swap and Save campaign and Sainsbury winning an appeal for a judicial review of Tesco's price promise. Here is the week in quotes

just-food's research round-up: 14 trends to watch in 2014

28 March 2014

In this week's just-food research round-up, we feature Euromonitor's report that has identified the 14 trends to watch in the industry in 2014.

S AFRICA: Tiger Brands Kenyan deal falls through

27 March 2014

South African food group Tiger Brands said its planned acquisition of Kenyan firms Rafiki Millers and Magic Oven Bakeries have foundered amid disagreement over the final terms of the deals.

EU: Brussels eyes fresh organic food regulations

26 March 2014

The European Commission has set out plans for new regulations governing the organic food sector.

Shopper trends: Too early to call end to consumer recession

26 March 2014

European politicians may be proclaiming the end of the consumer recession, but when it comes to food sales, retailers and manufacturers are continuing to find business tough, writes IRI's Richard Moule.

IRELAND: Irish Dairy Board eyes M&A after refinancing

26 March 2014

The Irish Dairy Board has signalled a new refinancing deal could allow the co-operative to make acquisitions.

US: McCormick sales, earnings rise on Asia Pacific growth

25 March 2014

McCormick & Co. booked a rise in first-quarter sales and earnings as increased revenues from the group's operations in Asia Pacific boosted the top line.

UK: Food, soft drink exports rise amid EU market recovery

24 March 2014

UK exports of food and soft drinks rose 5% in 2013 as sales in the EU bounced back amid signs of economic recovery in the region.

Editor's choice: the highlights on just-food last week

24 March 2014

just-food brought you exclusive updates from some of the power players in our industry as the likes of Nestle, Danone and Kerry Foods set out their investment case at the Consumer Analyst Group of Europe conference in London this week. In other news, Sainsbury's booked its first like-for-like sales drop in nine years, General Mills continued to face pressure in the US and we spoke to FrieslandCampina CFO Kees Gielen. Here are the highlights from the past week.

Quote, unquote: just-food's week in words

24 March 2014

The Consumer Analyst Group of Europe conference dominated news this week with updates from Kraft Foods Group, Glanbia and Nestle. Elsewhere GM was back in the spotlight with the UK Prime Minister's scientific advisers arguing the technology is safe. Also this week the political tensions in Russia and Ukraine saw Metro Group delay an IPO of its Russian cash-and-carry unit and Lidl announced the departure of chairman Karl-Heinz Holland.

CAGE 2014: Nestle "upbeat" on outlook for consumer sentiment

21 March 2014

Nestle finance chief Wan Ling Martello has insisted that the company remains "upbeat" on the outlook for the consumer environment in 2014.

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