Russian firm ‘asks Kremlin to place Nestlé units in temporary management’
A Russian logistics business has reportedly asked the country’s government to put five Nestlé subsidiaries under the temporary administration of …
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Synlait denies takeover talks with A2 Milk, Fonterra
Synlait Milk has denied media reports suggesting it is in takeover talks with The A2 Milk Company and Fonterra. Reports in …
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NFU applauds UK drought aid but says some crops already “failing”
The National Farmers’ Union (NFU) has welcomed the UK government’s drought relief package but warned the agriculture sector is facing …
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Ferrero extends M&A spree with Purely Elizabeth
Ferrero has made a move to expand its breakfast range with the acquisition of US food company Purely Elizabeth. The financial …
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Seafood groups Nordian Group, Norvelita sold to PE firm
Lithuania-based seafood processors Nordian Group and Norvelita are to move into private-equity ownership. INVL Asset Management, based in Vilnius, Lithuania’s capital, …
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Lactalis fires up M&A engine with deal for Saputo’s UK business
Lactalis has entered a “definitive” agreement to acquire the UK business of Canadian peer Saputo in the French dairy giant’s …
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Lamb Weston flags price risks from heat-impacted potato crop
Four months since settling into the CFO seat at Lamb Weston, James Gray has outlined new cost pressure risk the …
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Potential £1.9bn lifeline for UK farmers from fruit, veg – research
Replacing half of the UK’s imported fruit and vegetables with homegrown produce would add £1.9bn ($2.57bn) to farmgate coffers, according …
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Tyson Foods consolidates beef plants
Tyson Foods is consolidating its US beef operations with a plan to close two plants and sell another. In a statement …
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Quorn grapples with “structural challenge” in foodservice
Quorn’s meat-free sales growth has outpaced the wider Monde Nissin group as retail leads a recovery from the UK-based business …
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Arla warns skills gap poses “food resilience” risk
Arla Foods has warned a long-running skills shortage in food and farming in the UK is becoming a risk to …
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Nomad Foods slashes EPS forecast on debt restructuring
Nomad Foods has slashed its full-year EPS guidance as the Findus brand owner posted an anticipated decline in second-quarter sales …
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Vafo notches up another acquisition with Pets Deli
Czech pet-food group Vafo has made another acquisition, buying German direct-to-consumer brand Pets Deli. Financial terms were not disclosed. In a statement, …
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Apetit issues profit warning as hot weather hits peas
Finnish food group Apetit has cut its full-year profit outlook, citing “challenging” weather conditions in Sweden that are expected to …
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“No big change in strategy” under new JBS CEO – key takeaways from leadership transition, Q2 results
Wesley Batista Filho has assured investors it will be business as usual at JBS as he prepares to take the …
