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Asda Has Recalled Fresh Sauce Manufactured by Private-Label Giant Greencore

Feb 19, 2013

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

Campbell Soup Co. Records a Drop in First-Half Profits

Feb 19, 2013

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 ...

Tags: food group, Campbell Soup, first-half profits

B&G Foods Has Recorded an Increase in Full-Year Profits

Feb 19, 2013

US firm B&G Foods has recorded an increase in full-year profits, boosted by acquisitions and price increases in 2012. Earnings in the 12 months ended 29 December amounted to US$59.3m, a 17.9% increase on the prior year period. Operating ...

Tags: B&G Foods, full-year profits, acquisitions

Heinz Agrees to Be Bought by Warren Buffett's Berkshire Hathaway Fund

Feb 19, 2013

Heinz has agreed to be bought by Warren Buffett's Berkshire Hathaway fund and private-equity firm 3G Capital for US$28bn - the largest-ever takeover in the food sector. In a shock announcement today (14 February), the US food giant said ...

Tags: Heinz, Warren Buffett, 3G Capital

Greyhound Chromatography Expands Website Services

Feb 19, 2013

Greyhound Chromatography, a leading supplier of specialist laboratory equipment and chromatography supplies, has launched a new website to expand the service for its global customer base. Designed by award-winning digital agency Glow New ...

Tags: Greyhound Chromatography, Website Services

Spartan Stores Has Booked an Increase in Third-Quarter Earnings

Feb 19, 2013

Regional US supermarket group and food distributor Spartan Stores has booked an increase in third-quarter earnings. Net profit in the three months to the end of December amounted to US$5.2m, a 2% increase on the prior-year period. ...

Tags: US supermarket group, food distributor, Spartan Stores, earnings

Overhill Farms Has Seen Its First-Quarter Profits Slide After a Shift in Product Mix

Feb 19, 2013

US frozen-food firm Overhill Farms has seen its first-quarter profits slide after a shift in product mix, less favourable commodity prices and increased costs weighed on margins. Alongside the results, Overhill revealed it was in talks ...

Tags: frozen-food firm, Overhill Farms, profits

Endress+Hauser Has Strengthened Its Position

Feb 19, 2013

Following over two decades since it entered the Indonesian market, Endress+Hauser has strengthened its position since its long-time sales partner in Jakarta joined the Group on January 1st as an independent Endress+Hauser company. ...

Tags: Endress Hauser, products, services

PepsiCo Posts a Fall in Full-Year Profits and Sales as a 53rd Week in 2011

Feb 19, 2013

PepsiCo has posted a fall in full-year profits and sales as a 53rd week in 2011 results left a tough comparison. Net profits were down by 4% to US$6.18bn in 2012, the New York-based company said today (14 February). Net sales slipped by ...

Tags: PepsiCo, profits and sales, tough comparison

Ahold, Metro Group Are Among The Latest Firms to Recall Products

Feb 19, 2013

German retailer Metro Group and Dutch peer Ahold are among the latest firms to recall products after admitting certain lines contained horsemeat. Metro said its Real grocery chain pulled its frozen TiP Lasagna Bolognese from its shelves ...

Tags: retailer Metro Group, Dutch peer, horsemeat

Warren Buffett Labells Heinz as His "Kind of Company"

Feb 19, 2013

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

Flying Toys Has Sent ToyNews a Video of One of Its R/C Helicopters

Feb 19, 2013

Flying Toys has sent ToyNews a video of one of its R/C helicopters invading the H Grossman stand at Spring Fair. The Parrot AR Drone 2.0 features a camera which can be used to film events like this.

Tags: Flying Toys, ToyNews, toy industry

Aurora World Is Producing a New Garfield Plush Range

Feb 19, 2013

Aurora World is producing a new Garfield plush range. The Garfield cartoon was first introduced in 1978 and is now featured in over 2,100 newspapers across the globe, holding the Guinness World Record for the most syndicated cartoon ...

Tags: Aurora World, Garfield plush range, company news

Aunt Bessie's Has Added to Its Range of Frozen Accompaniments in The UK

Feb 19, 2013

Aunt Bessie's has added to its range of frozen accompaniments in the UK with the launch of four new side dishes. The products include creamy garlic mushrooms, creamed spinach, pea crush with a hint of mint and creamy cheese & onion potato ...

Tags: Aunt Bessie's, frozen accompaniments, side dishes

Jindal Stainless Released Its Financial Result for The Fourth Quarter of 2012

Feb 19, 2013

It’s reported that Jindal Stainless, the largest stainless steel producer in India released its financial result for the fourth quarter of 2012. The company posted a net loss of INR2.57 billion for the fourth quarter of 2012, ...

Tags: Jindal Stainless, stainless steel product, company news