Morrisons’ bid to profit from the horse meat scandal will provide a ‘short-term bounce’ rather than a long-term turnaround, say City analysts. Morrisons' gain from the horse meat scandal is likely to be short-term: City ...
Spanish food group Ebro Foods has acquired a stake in Italian rice producer Riso Scotti. Ebro, which last year told just-food it would look to make further acquisitions and expand its geographic reach, purchased the Scotti Group-owned ...
Tags: food group, Ebro Foods, rice producer, Riso Scotti
Three men have been arrested in the UK on suspicion of offences under the Fraud Act by police investigating allegations horsemeat was mislabelled as beef. Dyfed-Powys Police in Wales yesterday (14 February) made arrests at two plants that ...
Asda has recalled fresh sauce manufactured by private-label giant Greencore after finding horse DNA in the line - the first product outside the frozen aisle to become embroiled in the contamination scandal. Greencore has confirmed it ...
Tags: Asda, Horse DNA, Greencore Chilled Sauce
The European Commission has called on the EU's 27 members states to test for horse DNA in beef products. Tonio Borg, Commissioner for Health and Consumer Policy, has set out plans for tests to be carried out to see if food containing beef ...
Tags: EU, Horse DNA Tests, Beef Products
US food group Campbell Soup Co. has recorded a drop in first-half profits as costs related to its acquisition of Bolthouse Farms hit earnings. Earnings in the six months ended 27 January fell to US$430m, a 7.3% decline on last year, the ...
The UK Food Standards Agency (FSA) has found traces of potentially harmful horse drug phenylbutazone in eight horses slaughtered in the UK - and warned six may have entered the French food chain. The announcement, issued this morning (14 ...
Tags: FSA, horse drug phenylbutazone, horses
Famed US investor Warren Buffett today (14 February) labelled Heinz as his "kind of company" after his Berkshire Hathaway fund struck a deal to pay US$28bn for the ketchup giant. Speaking to CNBC after Berkshire's offer was announced - ...
Tags: Warren Buffett, Heinz, kind of company
Global food group Nestle said 2013 looks every bit as "challenging" as 2012, a year when profits increased but underlying sales growth slowed. The Swiss food giant reported a 11.8% increase in earnings of CHF10.61bn (US$12.02bn) in 2012. ...
Global food group Nestle this morning (14 February) booked an increase in full-year profits but slowing underlying sales growth. The company also pointed to 2013 as looking every bit as "challenging" as 2012. Analysts gave a mixed view of ...
Tags: food group, Nestle, 2013
Indian food group Britannia Industries has booked an increase in sales and profits in its third quarter. The biscuit manufacturer said yesterday (11 February) its net profit increased to INR569.6m for the three months to the end of ...
Tags: Britannia Industries, sales, profits, third quarter
US natural and organic food group Annie's has booked a drop in net profit in its third quarter. Earnings in the three months to the end of December dropped to US$1.4m compared to $2.2m last year. Annie's blamed the decline on charges from ...
Tesco has admitted an own-label spaghetti bolognese in the UK contained horse DNA. The UK's largest retailer announced this evening the product, sold under its cut-price Everyday Value own label, contained over 60% horse DNA in some ...
Six of France's largest retail chains have pulled products from their shelves amid concerns the lines could contain horse meat. Retailers including Carrefour and Casino have recalled SKUs supplied by Findus and by French supplier Comigel, ...
Tags: horse meat, retail chains, meat
UK upmarket retailer Waitrose has recalled its British beef meatballs after the product were found to potentially contain traces of pork. The retailer said today (13 February) two batches of its Essential 16 British Meatballs produced ...
Tags: beef meatballs, retailer, pork