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COMMENT: Brace - but not too hard - for the double dip recession
2 July 2010 | Chris Brook-Carter
Last week, I used just-food's weekly editorial round-up and the G20 Summit as background to discuss whether the Western economies were finally out of recession. The news since has been almost universally bad.... read more
Comment: UK coalition still needs to guide on healthy eating
1 July 2010 | Chris Brook-Carter
The role of the state on individuals' lives is a debate that is dominating political life in the US and here in the UK at the moment, whether it be health reform or sweeping changes to the welfare system.... read more
Comment: JBS may bite off more than it could chew with Smithfield
30 June 2010 | Dean Best
A telling reaction to rumours that JBS could look to hold talks with Smithfield Foods to buy the US business was the slump in the Brazilian meat giant's share price.... read more
Best bits: G20 fails to deliver clear path forward
28 June 2010 | Chris Brook-Carter
Are we or are we not headed for a double-dip recession? This is the question that has dominated talks at the G20 summit over the last few days.... read more
Quote, unquote: just-food's week in words
18 June 2010 | just-food.com
Food campaigners took a swipe at Europe's food industry and politicians after the European Parliament voted against imposing traffic light labels. Danone and Marfrig explained why they have again expanded overseas, while US retailer Kroger commented on the threat of Wal-Mart and UK grocer Sainsbury's expressed caution over the country's economy.... read more
Comment: Marfrig faces threat of indigestion amid global expansion
18 June 2010 | Dean Best
The humble chicken nugget grabbed the M&A headlines in the food industry this week after Brazilian food group Marfrig... read more
Best bits: Food companies looking to score overseas
14 June 2010 | Dean Best
As football lovers waited for the start of the World Cup in South Africa last week, a clutch of leading food companies set out their stall for overseas success.... read more
Challenged Hershey consigns heritage to the past
10 June 2010 | Dean Best
A piece of US chocolate heritage is set to pass into the history books.... read more
Best bits: Brazil's 'new consumers' attracting interest
1 June 2010 | Dean Best
The BRICs are keeping the world's economic house in order. Last week, the OECD lifted its forecast for global economic growth in 2010, on the back of growing world trade, which is being driven by surging demand in emerging markets. ... read more
Retail round-up: Collaborative future for Carrefour in India?
4 May 2010 | Katy Askew
With India's huge population, economic expansion and rapidly developing middle-class, the Indian retail sector has long been viewed as a highly desirable prize for international retailers.... read more
The market is wrong on Tesco - but right on ABF
26 April 2010 | Dean Best
Just as political opinion polls can be misleading, so can the polls run each day in the world's financial districts - those listing the rise and fall of a company's shares.... read more
COMMENT: Investors should look to Tesco's future with confidence
21 April 2010 | Dean Best
It was a surprise to see that Tesco was the biggest faller on London's FTSE index of 100 leading shares yesterday (20 April).... read more
Tesco's prelims - what the analysts say
20 April 2010 | just-food.com
Tesco said today (20 April) that the company had "weathered" the downturn and booked a 10% rise in annual profits. However, the UK retailer's shares closed down and, while analysts broadly agreed the company delivered a solid performance, they still issued caveats to the group's showing.... read more
Preview: Tesco's full-year results
19 April 2010 | Dean Best
After Asda's announcements last week, the UK retail spotlight swings to arch-rival Tesco, which is set to publish its full-year results tomorrow (20 April).... read more
Quote, unquote: just-food's week in words
16 April 2010 | just-food.com
From Asda's Andy Bond explaining his departure from the UK retailer's hot seat, through the UK organic sector insisting things are looking up, to UK food group Uniq standing by its proposed deal to tackle its pension deficit, many in the industry were on the back foot this week. Here is a flavour of who said what about the top stories in the food sector.... read more
Bakkavor, Mead Johnson looks to future
7 April 2010 | Dean Best
Bakkavor, the Iceland-based convenience food group, has had a turbulent 12 months, with many of its problems rooted in the Scandinavian country's financial turmoil.... read more
Quote, unquote: just-food's week in words
1 April 2010 | just-food.com
In the run-up to Easter, chocolate fittingly grabbed the headlines, with Supervalu Inc accusing some of the biggest manufacturers of fixing prices in the US. Meanwhile, Barry Callebaut, the world's largest B2B chocolate maker, believes it will benefit from more outsourcing of production in the sector. And another ingredients giant, France's Tereos, sees the world's as its oyster after the creation of a dedicated overseas unit. Here is a snapshot of who said what on the top food news stories this week.... read more
On the money: Barry Callebaut insists cocoa profits will improve
1 April 2010 | Dean Best
Chocolate maker Barry Callebaut today (1 April) insisted that profits from cocoa processing will improve this summer after high cocoa costs dented group earnings in the first half of its fiscal year.... read more
On the money: Financial troubles "behind us" - Bakkavor
31 March 2010 | Dean Best
Bakkavor, the convenience food group, today (31 March) set out its stall to look to the future after securing a refinancing deal with its lenders. ... read more
On the money: Fazer CEO cautious on 2010
25 March 2010 | Dean Best
The chief executive of Fazer Group today (25 March) issued a cautious forecast for 2010, with cost control to drive profits and tough trading conditions to weigh on the Finland-based baker and confectioner sales.... read more
COMMENT: Carrefour, Unilever CEOs make their mark
19 March 2010 | Dean Best
The chief executives of consumer goods group Unilever and retail giant Carrefour, who both took the helm at the start of 2009, have again shuffled their management packs.... read more
COMMENT: Russian economy rebounds, challenges remain
19 March 2010 | Katy Askew
After the turmoil of last year, confidence is seemingly returning to the Russian economy – and almost as quickly as it departed.... read more
18 February 2010 | just-food.com
Nestle is expected to post a strong year-end performance following a weaker first half when the world's largest food company delivers its fourth quarter and full year results before the Zurich stock market opens tomorrow (19 February).... read more
COMMENT: Lacklustre Q4 highlights test for Kellogg
5 February 2010 | Katy Askew
US-based cereal giant Kellogg disappointed the market this week when fourth quarter sales and earnings failed to hit analyst estimates. While management subsequently shrugged off falling volumes and insisted that the group is well-positioned going into 2010, Katy Humphries suggests that the results highlight some of the limitations of Kellogg's current strategic direction.... read more
INSIGHT: Kellogg downplays volume drop
5 February 2010 | Katy Askew
Kellogg has played down the significance of declining fourth-quarter sales volumes, which came in spite of the cereal giant's increased investment in advertising during the period.... read more
INSIGHT: Hershey boss defends company strategy
3 February 2010 | Dean Best
Hershey president and CEO Dave West has stood by the US chocolate maker's strategy and insisted the company can deliver "long-term value" for shareholders.... read more
PREVIEW: Hershey has plenty to chew over
1 February 2010 | Dean Best
After the brouhaha surrounding Kraft Foods' pursuit of Cadbury, and the will-they-won't-they speculation over whether Hershey would table its own offer for the Dairy Milk maker, tomorrow (2 February) sees the latest annual results from the US chocolate maker.... read more
COMMENT: Cadbury's sweet surrender leaves bitter taste
20 January 2010 | Dean Best
Cadbury's acceptance of Kraft Foods' takeover bid raised eyebrows yesterday (19 January) not least because of the UK confectioner's fierce criticism of the US food giant's business and management. Dean Best argues that, despite the Dairy Milk maker insisting Kraft's higher offer is "good value" for the company's investors, Cadbury's board was presiding over a business worth much more.... read more
INSIGHT: Cadbury pours scorn on Kraft over Buffett
12 January 2010 | Michelle Russell
Cadbury today (12 January) derided Kraft Foods’ "embarrassment" at the warning the US food giant received from leading investor Warren Buffett over offering too much stock to finance a takeover.... read more
Quote, unquote: just-food's week in words
8 January 2010 | just-food.com
The UK - not to mention much of Europe and the US - experienced the big freeze this week. Relations between Kraft Foods and largest shareholder Warren Buffett have seemingly turned cold after the so-called Sage of Omaha said he would not back the US food giant's plans to use its shares to fund its bid for Cadbury.... read more
2009's highs and lows - the manufacturers
18 December 2009 | Dean Best
The food industry is one of the sectors most resilient to economic downturns but 2009 has not been without its challenges for the world's leading manufacturers. The turmoil seen on the financial markets in late 2008 gave way to a deep recession in 2009, where credit remained scarce and manufacturers like Uniq, Bakkavor and Dairy Farmers of Britain faced financial problems - with the latter going to the wall. Some food makers, however, have thrived. Read on for which companies just-food feels had a good 2009 - and which suffered.... read more
Quote, unquote: just-food's week in words
18 December 2009 | just-food.com
The battle for Cadbury continued this week as the UK firm outlined its case for independence, urging shareholders to reject the advances of predator Kraft Foods. The US group hit back and claimed Cadbury's investors were leaving themselves open to "significant risk". Meanwhile, General Mills remained bullish on its US brands growth, despite pressure in all categories and Dutch retail giant Ahold purchased the US-based Ukrop, claiming it can help the ailing chain see better times.... read more
Quote, unquote: just-food's week in words
4 December 2009 | just-food.com
Little surprise that some of the choicest quotes of the week focused on Kraft Foods' pursuit of Cadbury. The US food giant faced criticism from UK union officials of its perceived lack of commitment over Cadbury jobs should it succeed in its quest for the confectioner. Supplier criticism was also revealed to be a key factor in the decision of First Milk's chief to leave the UK dairy co-op, while key dairy supplier, packaging giant Tetra Pak, warned the recession means consumer behaviour will never be the same again.... read more
Quote, unquote: just-food's week in words
27 November 2009 | just-food.com
With just a month left of 2009, our thoughts are turning to what shape the food industry landscape will take as we enter a new decade. This week, HJ Heinz, meat giant Tyson Foods and Russian dairy business Wimm-Bill-Dann all issues their prognosis for the economy and consumer confidence. Woolworths Ltd, Australia's largest retailer, claimed the country was in better shape than other economies around the world, while in an exclusive interview with just-food, Greencore boss Patrick Coveney detailed how the private-label group had navigated the downturn.... read more
INSIGHT: Raw milk prices to rise, warns Wimm-Bill-Dann
25 November 2009 | just-food.com
Russian dairy group Wimm-Bill-Dann Foods has today (25 November) warned it sees upward pressure in raw milk prices next year.... read more
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