Premier Foods, the UK group, this week surprised the market with a profit warning, sparking a slide in its shares and criticism in the City. Mondelez International announced its latest disposal, with Australian dairy Bega Cheese buying a clutch of brands including Vegemite. And possible IPOs grabbed the headlines, with UK own-label supplier Bakkavor rumoured to be mulling plans for a listing and Brazilian meat giant BRF confirming it is considering offering shares in halal arm OneFoods.

Premier Foods issues profit warning

Premier Foods plc, the UK group behind brands including Mr Kipling cakes and Ambrosia custard, today (18 January) warned annual profits could be 10% lower than it expected, in part due to its struggles in passing on Brexit-linked cost increases.

Mondelez sells Vegemite, Australian grocery brands to Bega Cheese

Mondelez International has sold a clutch of its Australian and New Zealand grocery brands, including the spread business Vegemite, to Bega Cheese for AUD460m (US$346m).

UK’s Bakkavor plays down IPO “speculation”

UK-based private-label supplier Bakkavor has declined to comment on reports it is preparing to float the company.

Nestle mum on Mead Johnson takeover talk

Nestle has refused to comment on a report in the US claiming the world’s largest food maker is considering a takeover offer for infant formula producer Mead Johnson.

Kellogg to slash 250 jobs

US cereal-to-snack group Kellogg has confirmed it plans to eliminate 250 positions at its operations in North America.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Emmi to buy dessert maker Italian Fresh Foods

Swiss dairy giant Emmi said today (18 January) it had signed an agreement to buy Italian dessert manufacturer Italian Fresh Foods (IFF) for an undisclosed sum.

Cloetta admits Italy arm could be sold

Cloetta, today (18 January) said it may sell its business in Italy, a market where the Sweden-based confectionery group has struggled to grow sales in recent years.

BRF confirms eyeing OneFoods IPO

Brazil-based meat giant BRF has confirmed it is weighing up a possible listing of its newly-established halal foods division OneFoods.

Ebro buys Spanish organic food firm Vegetalia

Spain-based group Ebro Foods has snapped up local organic business Vegetalia.

Danone aims to double India business by 2020

Danone has told just-food it aims to double the size of its business in India over the next three years, boosted by new products and by exports from its operations in the country.