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High input costs weighed on the groupRUSSIA: Ros Agro upbeat despite fall in FY profits

23 April 2014

Ros Agro, the London-listed holding company behind Russian sugar-to-mayonnaise maker Rusagro Group, today (23 April) insisted 2013 had been a "success" despite lower profits.

RUSSIA: Retailer Dixy posts 4% rise in LFL sales

23 April 2014

Russian food retailer Dixy has announced a 4% increase in like-for-like sales for the first quarter of 2014.

just-food's research round-up: R&D in dairy, Brazil's meat market, packaged food in Greece

23 April 2014

This week, just-food's research team has featured reports looking at areas including the meat market in Brazil and the innovation trends seen in the dairy sector.

RUSSIA: Profits up at retailer Magnit

22 April 2014

Russian retailer Magnit has reported higher first-quarter earnings.

SAUDI ARABIA: Savola reports mixed Q1

22 April 2014

Saudi Arabian food maker Savola Group has booked a jump in first-quarter net earnings, with lower costs offsetting a drop in operating income.

MOROCCO: Investor Abraaj looks to accelerate growth at candy firm Kool Food

17 April 2014

Investment firm Abraaj Group has indicated it plans to support an "ambitious investment plan" to drive growth at newly-acquired Moroccan chocolate group Kool Food.

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.

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

17 April 2014

Tesco was in the spotlight this week after the publication of its annual results confirmed what a challenging year the UK's largest retailer endured. Another UK grocer under scrutiny is The Co-operative Group, which reported banking-induced losses, but revealed it is re-sizing its food retail estate to give it more focus. Elsewhere, China's WH Group, of which Smithfield Foods is now a part, announced plans to list in Hong Kong and US group Post Holdings made another M&A move, with a deal to buy egg-to-dairy supplier Michael Foods.

RUSSIA: Retailer Lenta posts 14% rise in Q1 LFL sales

17 April 2014

Russian retailer Lenta has announced a 13.6% increase in like-for-like sales for the first quarter of the year.

just-food's research round-up: global confectionery, savoury snacks in Russia, dairy in Australia

17 April 2014

just-food's look at the key issues facing the global confectionery sector, the savoury snacks business in Russia and the dairy industry in Australia are among the reports featured in this week's round-up from our research store.

FRANCE: Danone Q1 volumes disappoint in dairy, infant nutrition

16 April 2014

Danone has seen its share price dip this morning (16 April) after reporting first-quarter organic sales that narrowly missed consensus expectations.

UPDATE: US: Chobani hits Latin America, eyes Caribbean

16 April 2014

US yoghurt producer Chobani said today (16 April) it had started exporting to the Central American state of Panama - and is eyeing markets in the Caribbean.

AUSTRALIA: Chobani signs Singapore export contract

16 April 2014

Chobani has started operations in Singapore after sending across its first shipment since the launch of its A$30m plant in Dandenong in south Victoria.

SWITZERLAND: Nestle sees FX offset organic growth

15 April 2014

Nestle has booked a drop in first-quarter reported sales as the top line was dented by currency headwinds that more than offset organic growth due to the strength of the Swiss franc.

CHINA: Meat processor WH Group details $5.3bn IPO

15 April 2014

WH Group, the world's largest pork producer, has announced plans to list in Hong Kong in an initial public offering that could raise more than HK$42bn (US$5.3bn).

S AFRICA: Retailer Pick n Pay mulls Nigeria entry

15 April 2014

South African retailer Pick n Pay has revealed it is looking at ways to enter Nigeria.

INDIA: Univeg, Mahindra in fruit supply JV

15 April 2014

Belgian produce giant Univeg and Indian Mahindra ShubhLabh Services are to form a venture to develop a fresh fruit supply chain to serve the Indian and international markets.

UK/CHINA: Soil Association hails China export deal

15 April 2014

UK organic companies will be able to export to China in a "cheaper and simpler" way through a new trade deal with Beijing, according to The Soil Association.

BRAZIL: JBS silent over poultry unit IPO report

14 April 2014

Brazilian meat firm JBS has refused to comment on "press speculation" it plans to raise BRL3bn (US$1.36bn) through an initial public offering of its poultry and processed foods division.

INDIA: Wal-Mart outlines India expansion plans

14 April 2014

Wal-Mart has revealed growth plans for its wholesale store division in India including the opening of additional stores and an extension of its B2B e-commerce platform.

INDIA: Carrefour, Bharti "in talks" over tie-up

14 April 2014

France's Carrefour is reportedly in talks with Bharti Group over a potential joint venture in India.

INDIA: Actis silent over talks to "sell Nilgiris" to Future Group

14 April 2014

Private-equity group Actis Capital has remained silent on reports it has reached an agreement in principle to sell its holding in Indian supermarket chain, Nilgiris, to Future Group.

MALAYSIA: UAE retailer Lulu to enter Malaysia

14 April 2014

UAE-headquartered supermarket chain Lulu Hypermarket has announced its expansion into Malaysia.

SOUTH AFRICA: Massmart CEO Pattison steps down

14 April 2014

South-African retailer Massmart has announced the resignation of its CEO Grant Pattison.

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

14 April 2014

Olive oil giant Deoleo this week announced its board had backed a takeover bid from private-equity giant CVC Capital Partners. Elsewhere, Mondelez International announced plans for another plant in Russia and the political party that looks set to be the major party in India's next government said it would ban foreign supermarkets entering the country's retail sector.

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

14 April 2014

Food retailers eyeing India would have been surprised to hear the BJP political party, tipped to lead the country's next government, publish a tough stance on foreign investment in its retail sector. Nestle CEO Paul Bulcke hinted the food giant could be looking at further disposals and Wal-Mart said more affordable organic groceries would be available in the US after a tie-up with the recently-revived Wild Oats brand.

SERBIA: Dr Oetker to relocate local HQ with new plant

11 April 2014

German food giant Dr Oetker has set out plans to for a new headquarters in Serbia that will comprise office, warehouse and production facilities.

BRAZIL/UAE: BRF ups stake in UAE's Federal Foods

11 April 2014

Brazilian food giant BRF has upped its stake in Federal Foods, a manufacturer based in the United Arab Emirates.

RUSSIA: Retailer X5 sees LFL sales accelerate

11 April 2014

Russian retailer X5 Retail Group has reported a 6% rise in like-for-like sales for the first quarter of 2014, a faster rate of growth than seen in 2013.

just-food's research round-up: bakery in Australia, snacks in the UK, dairy in China

11 April 2014

This week's featured research from the just-food store includes reports looking at the fiercely-competitive bakery sector in Australia, the growing market for savoury snacks in the UK and China's booming dairy industry.

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