Around 300 jobs within Wessanen's European operations are set to go after the Dutch food group set out plans to lower costs and improve profits. The company will close a frozen snacks plant in France as part of the plans, which are ...
Tags: Dutch food, profit, food industry, frozen snack
Canadian food and drink manufacturer Lassonde Industries has booked an increase in first-half profits. In the six months to the end of June, earnings climbed 16.8% to C$21.6m (US$21.7m). The acquisition of juice firm Clement and Pappas & ...
Tags: food manufacturer, drink manufacturer, profits, food, drink
Canadian c-store chain Couche-Tard has booked an increase in first-half profits boosted by acquisitions. In the 24 weeks ended 14 October, earnings amounted to C$278.1m (US$279.7m), a 9.9% increase on the prior year period. The group said ...
Tags: acquisition, Couche Tard
Singapore agribusiness giant Wilmar International has booked a drop in first-half profits as the group suffered losses in its oilseeds and grains business. In the six months to the end of June, Wilmar recorded a net profit of US$373m, ...
Tags: Wilmar International, first half profits, food industry, food
US pasta and pesto manufacturer Armanino Foods of Distinction has booked an increase in third-quarter profits and sales, driven by growth in all areas of the business. In the three months to the end of September, net profit climbed 16.5% ...
Tags: Armanino Foods, pasta, pesto, Foods
US-based Iron Horse Development Company and Wheat Growers have entered into a memorandum of understanding to construct an agronomy retail center at the Iron Horse Development owned site. The new Wheat Growers Agronomy Center will provide ...
Tags: Iron Horse Development, Wheat Growers, agronomy retail, wheat
US natural and organic retailer Whole Foods Market booked a 49% jump in fourth-quarter profits to round off a year in which earnings increased by more than a third. Whole Foods posted net income of US$112.7m for the three months to the ...
Tags: Whole Foods Market, natural food, organic food, food industry
The established markets of UK meat processor Hilton Food Group are under pressure, according to analysts, despite first-half results coming in above some expectations. The company this morning (11 September) reported flat half-year ...
Tags: Hilton, meat processor, Food Group, Food
A plague of ‘zombie companies’ is threatening to suck the vitality out of the UK economy, according to leading insolvency experts, and the food manufacturing sector could be under threat. Food and drink manufacturers face ...
Tags: zombie companies, UK economy, food manufacturing, zombie business threat
UK wholesaler Booker today (24 May) suggested it is positioning itself for further growth in the year to come through its strategy to "focus, drive and broaden" the business. The company posted a 27% rise in annual profits, which ...
Tags: Booker, catering customers, catering
Barry Callebaut has insisted the investments it made during the first six months of its financial year have provided it with a "good base" for future growth after it reported a fall in half-year profits. The Swiss chocolate maker ...
Swiss chocolate maker Barry Callebaut insisted it is "confident" on the outlook for the coming fiscal year after investments weighed on the group's bottom line. Barry Callebaut booked a drop in net profit this morning, with earnings for ...
Tags: Investment, chocolate maker, chocolate
Brazilian food group Brasil Foods has said it will look to increase prices to offset the recent spike in commodity costs. The company yesterday (14 August) reported a slump in half-year profits that was partly thanks to a spike in grain ...
Tags: Brasil Foods, Foods, food group, food prices
Chinese industrial companies' profit gains surged in October and turned positive for the year as factory output accelerated and export growth picked up following a seven-quarter economic slowdown. The National Bureau of Statistics said ...
Tags: China Industrial Company Profit, net income, research report
New York-based AmTrust Financial Services has signed an agreement to acquire Car Care Plan Limited (CCPH), a wholly owned subsidiary of Ally Insurance, for approximately $70m. The agreement was signed by an undisclosed wholly owned ...
Tags: AmTrust Financial Services, Car Care Plan Limited, Ally Insurance