Kraft Foods has booked an increase in first-half profits, despite recording a fall in sales, thanks to productivity and price gains. In the six months to the end of June, net profit increased 4.2% to US$1.85bn. Operating profit in the ...
Tags: Kraft Foods, first half profits, fall in sales, food price
Premier Foods plc has sold ethnic flour business Elephant Atta to UK rival Associated British Foods, the latest disposal in its move to cut debts. The GBP34m (US$52.8m) deal includes the Elephant Atta brand, which Premier described as the ...
Tags: Premier Foods plc, ethnic flour, food industry, food market
Premier Foods plc chairman Ronnie Bell has decided to leave the UK food manufacturer after 18 months in the role. Former Kraft Foods veteran Bell joined Premier in October 2010 just weeks after the Hovis bread and Ambrosia custard maker ...
Tags: chairman Ronnie Bell, Premier Foods, food manufacturer
Premier Foods plc has launched its Bisto brand into the UK stock pot category, with a product that will take on Unilever's Knorr. Bisto Stock Melts will go on sale next month and rival Knorr Stock Pots, which was launched in 2008. ...
Premier Foods plc has offloaded another of its brands, this morning (30 October) announcing the sale of Branston pickle to Japanese group Mizkan. The UK food manufacturer has agreed to sell its sweet pickles and table sauces to Mizkan for ...
Tags: Premier Foods plc, Branston pickle, food brand, food product
Success in cutting costs quicker than expected, as well as an increase in underlying half-year sales and profits, helped drive Premier Foods plc's shares this morning (7 August). The UK food group said it now expects to cut costs by ...
Tags: cutting costs, UK food group, Premier Shares
Hain Celestial, a US-based natural and organic food products company, has completed the acquisition of some of the packaged grocery brands of UK-based Premier Foods in a £200m cash-and-stock deal. The consideration consisted of cash ...
Tags: natural and organic food products company, acquisition
UK-based Premier Foods has sold Elephant Atta ethnic flour business to Westmill Foods,a subsidiary of Associated British Foods(ABF),in an all-cash deal of £34m,as a part of its plan to lower debts and avoid a breach of its credit ...
Tags: flour, debts, credit agreement
US-based food company Kraft Foods is seeking to sell its Breakstone's sour cream and cottage cheese products unit,which is estimated to be worth$400m. Mexico-based Dairy firm Grupo Lala is planning to acquire Breakstone's ...
Tags: sour cream, cheese products, Kraft Foods, brand
UK-based Premier Foods has appointed Geoff Eaton as the chief operating officer and executive director to speed up transformation of the debt-laden company. Geoff Eaton was formerly the CEO of former puddings maker Uniq. During his ...
Tags: transformation, debt-laden, acquisitions
US-based Kraft Foods is split into two independent companies and both the firms will start trading on the Nasdaq as separate entities from today. Mondelez International will trade on the Nasdaq under the ticker'MDLZ',while Kraft Foods ...
Tags: independent companies, separate entities, advertising, brands
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
Premier Foods plc has booked an increase in first-quarter sales, boosted by the performance of its 'power brands'. For the three months to the end of March, group sales edged up 1.3% to GBP427m (US$689.6m), the Hovis maker reported today ...
Tags: increase sales, power brands, jam, pickles, share price