UK government push is to target 18 markets

UK government push is to target 18 markets

This week, the UK government announced how it hopes to support the country's food exporters, French cheese giant Bel said a deal had been struck to buy a majority stake in dessert and snack maker MOM Brands and Brazilian meat group BRF said it plans to invest in the soon-to-be-listed pork arm of state-backed, Chinese agri-food operator COFCO.

UK announces "action plan" to drive food exports

The UK government today (18 October) set out its bid to increase the value of the country's food and drink exports by GBP2.9bn, with plans to target a select group of markets.

Bel takes majority stake in MOM Group

Bel Group has finalised a deal that will see it acquire 65% of fellow French business MOM Brands from investment firm LBO France. 

BRF to invest in COFCO Meat upon Hong Kong listing

BRF, the Brazil-based food group, is to invest in COFCO Meat Holdings when the Chinese business lists in Hong Kong next month.

CP Foods buys majority stake in UK foodservice supplier Foodfellas

Thai food giant Charoen Pokphand Foods has bought a majority stake in UK foodservice supplier Foodfellas.

Nestle lowers outlook on "softer environment"

Nestle lowered its full-year sales forecast in an environment "marked by deflation" and soft pricing today (20 October) after reporting nine-month sales that missed analyst expectations.

Metropoulos invests in US snack maker Utz Quality Foods

Investment firm Metropoulos & Co. has formed a "strategic partnership" with family-owned US snack maker Utz Quality Foods. 

Kraft Heinz Europe boss Matt Hill calls on UK retailers to "not lose focus" on innovation

Kraft Heinz has called on UK grocers to remember the "importance" of innovation in growing sales as they "re-set" their ranges, moves they believe will make the shopping trip simpler and help alleviate the competitive threat of discounters Aldi and Lidl.

EU approves Italy plan for dairy origin labels

The EU has given the green light to Italy's plans for origin labels for milk and dairy products sold in Italy.

Murray Goulburn cuts profit outlook on lower milk intake

Embattled Australian dairy processor Murray Goulburn has lowered its expectations for its full-year profits after cutting its forecast milk intake for the period.

Ajinomoto, Toyo Suisan Kaisha end Nigeria venture

Japanese food groups Ajinomoto and Toyo Suisan Kaisha are ending their joint venture in Nigeria.