Financials: Latest news and analysis articles
Despite Hain Celestial lowering the top end of its forecasts for annual net sales and earnings yesterday (4 May), the US group earned praise...
Hershey's first-quarter results contained a triple whammy yesterday (26 April) as the confectioner reported falling sales and earnings, cuts...
Weak consumer sentiment in some emerging economies and growing demand for value from consumers in developed markets weighed heavy on Unileve...
Nestle's shares rose today (14 April) after the world's largest food company reported underlying first-quarter sales that beat analyst expec...
Quorn Foods, the UK-based meat-free supplier, has enjoyed solid growth in recent years on the back of growing consumer interest in reducing - or eliminating - meat from their diet. Now owned by Philippines-based Monde Nissin after a deal last autumn, Quorn expects its expansion to continue, CEO Kevin Brennan and Andrew Staal, the company's international director, tells John Shepherd.
Finsbury Food Group, the UK bakery products supplier, is performing strongly in a challenging market. Recent acquisitions have given a boost to results but the company, which makes lines under licence for groups like Ferrero's Thorntons, as well as using characters like Spiderman and the Minions for its cakes, has also been enjoying sold underlying growth. Dean Best caught up with finance director Stephen Boyd to discuss Finsbury's performance and its readiness to do more deals.
Norway-based dairy group Tine has announced plans to rebuild a dairy plant and overhaul its cheese production operations in the country as part of a cost-cutting programme expected to save around NOK69m (US$8m) annually.
German dairy and meats group Hochwald Foods has forecast its sales will fall again in 2016 after seeing its top-line decline by more than 9% in 2015.
Hong Kong-listed plant-based food and beverage maker Vitasoy International Holdings today (23 June) reported a 43% rise in annual profits, with market share rising in its "core markets" and a boost from "favourable" raw material costs.
Spanish private-label chocolate group Natra revealed this morning (22 June) it returned to profit in the first quarter of this year on stable sales and lower operating costs.
Boparan Holdings, the company behind the UK's 2 Sisters Food Group, today (21 June) reported a rise in sales and operating profit for the third quarter of its financial year.
Croatian food maker Agrokor Group has sold a 50% interest in a domestic plant to Belgium's Ardo Group, with the two companies forming a joint venture to produce frozen fruit and vegetables in eastern Europe.
With a little over 24 hours before the UK's votes on its membership of the EU, a senior executive at a major food company with operations in the country has declared he favours leaving the bloc.
The conference calls companies hold with equity analysts can, on occasion, be relatively tame affairs, with businesses sometimes not pushed on issues and us in the media - allowed to listen only - sitting on the phone and wanting executives to be pressed on their initial answers. Yesterday (29 March), some stiff questions were put to McCormick & Co.'s management over its interest in Premier Foods.
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