The annual CAGNY investment conference, where leading US food manufacturers meet Wall Street analysts to discuss company performance and outlook, dominated our coverage this week – but the likes of US retailers Wal-Mart Stores, Safeway Inc and Maple Leaf Foods grabbed the headlines with their 2010 results. Elsewhere, Kerry Group indicated it could be interested in Danisco’s ingredients assets and United Biscuits announced plans to cut jobs in the UK. Click on the headlines for more.
US food giants face Wall Street at CAGNY
Senior executives from the likes of Kraft, Kellogg and Campbell Soup Co. have headed to Florida for the annual CAGNY investment conference, where analysts will question the some of the largest food makers in the US about their recent performance and outlook.
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On the money: Wal-Mart remains focused on US turnaround
Wal-Mart Stores plans to focus on “every day price leadership” and to offer the broadest assortment possible as part of a four-part plan to turnaround its US business after the retailer recorded a “disappointing” domestic fourth quarter.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
The CEO of US retailer Safeway Inc today (24 February) played down the impact that rising prices would have on consumer behaviour and said that the US retailer would continue to pass on price increases.
We look at how the three businesses performed in 2010 and how they might progress (or otherwise) in 2011.
UK: Spar wholesaler Capper & Co in talks over sale
Capper & Co., a wholesaler for Spar stores in the UK, has confirmed it is in talks with another company over its sale.
Upmarket UK grocer Waitrose has announced it has invested some GBP10m (US$16.2m) in developing its online grocery platform.
HJ Heinz has unveiled plans to “refresh” its Big Soup brand, with the launch of new microwavable pots and repackaging of the existing line.
