The issue of sugar intake returned to the fore this week with a UK panel calling for official guidance on daily consumption to be halved. Fonterra announcing a different kind of cut, with over 500 jobs to go at the dairy exporter. China is a factor in the New Zealand group's decision and the country's easing growth is affecting a number of food multinationals. This week, infant formula manufacturer Mead Johnson cut its profit forecast on the back of challenges in emerging markets including China.
Sugar consumption should be halved, UK panel urges
A panel advising the UK government on nutrition has called for the recommendation on daily sugar intake to be halved.
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Fonterra sheds 523 jobs in cost-cutting drive
Fonterra is to cut 523 jobs, the first publicly-announced result of the dairy co-operative's review of its business.
Mead Johnson warns on China, emerging markets
Mead Johnson lowered its full-year sales and earnings outlook yesterday (14 July) after issues in China and other emerging markets hit the group in the second quarter.
Lindt sales propelled by Russell Stover, share gains
Lindt & Sprüngli reported a 17.4% jump in first-half sales, propelled by market share gains in Europe, the US and emerging markets as well as the contribution from the recently acquired Russell Stover business.
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B&G Foods acquires Spartan Foods
B&G Foods has acquired Spartan Foods of America, which manufactures the Mama Mary's pizza crust brand, from Linsalata Capital Partners for around US$50m in cash.
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