American food and beverage company PepsiCo reported that its net income for the third quarter 2012 fell 5% to $1.9bn, compared to $2bn during the previous year, due to increased spending on advertising, higher commodity costs and negative ...
Tags: net income, commodity costs, foreign-exchange, revenue
Stevia supplier PureCircle today (11 September) insisted it was still confident about the future of the natural sweetener despite its losses widening in the last 12 months. UK-listed Pure Circle reported a loss after tax of US$23.3m for ...
Tags: PureCircle, natural sweetener, losses, zero-calorie sweetener
For retailers today, it's an exciting but challenging time. The e-commerce revolution has created a newly empowered consumer – the 'always-on' consumer – who has higher expectations for the retail shopping experience than ever ...
Kraft Foods has said the split of the company in two, creating a North American grocery company and a global snacks manufacturer, will take place in October. The establishment of US grocery business Kraft Foods Group and international ...
Tags: Kraft Foods, snack, food, split in two
UK dairy farmers this week gathered at a summit in London to air their views on recent cuts in prices to liquid milk and the implications of the cuts. In the US, PepsiCo and Müller made the much-anticipated launch of their yoghurt ...
Tags: dairy, liquid milk, yoghurt, PepsiCo, dairy farmers
The price of milk dominated headlines in the UK this week, with farmers gathering at a summit to air their views on the implications of the cuts and discuss what can be done. Elsewhere, French retailer Carrefour sounded an upbeat note on ...
Tags: milk, price of milk, yoghurt, bread
PepsiCo has opened a new food manufacturing facility in Wuhan,China,as a part of a plan to drive the growth of its business in the country and further expand into central and western China. The Wuhan plant is the company's first food ...
Tags: expand, LEED, bottling plants
In the UK, the increasing level of couponing in retail set the industry talking this week as Tesco CEO Philip Clarke noted the step-up in this type of promotion, while industry analysts gave their views on this growing trend. Elsewhere, ...
Tags: retail, Tesco, shares in the meat, promotional
Unilever CEO Paul Polman is one of the most prominent advocates of companies pursuing an agenda of sustainability and this week he outlined the company's progress. Meanwhile, Wal-Mart Stores was forced to react to claims of bribery in its ...
Tags: Unilever, sustainability, baby food, confectioner
Kellogg said today (25 April) that its net profit dropped 2.2% in the first-quarter, as income was hit by weakness in Europe and higher raw material costs. For the three months ended 31 March, Kellogg's net income fell to US$358m from ...
Tags: Kellogg, net profit, dropped, weakness in Europe
In March 2010, Michelle Obama stood on a stage in Washington and leveled a challenge at the food industry's biggest players. "We need you all to step it up," she told a meeting of the Grocery Manufacturers Association. Just a month earlier, ...
Tags: Agriculture, Food