There were, despite continued economic uncertainty in many Western markets and concerns over slowing growth in the East, signs that M&A activity rebounded in the food sector this year. Data for the whole of 2012 has not yet been published ...
Tags: European M&A advisors, food sector, Food
THE Australian sharemarket hit a fresh 17-month high today as US lawmakers inched closer to a deal on the fiscal cliff problem. Utilities, energy, industrials, telecommunications, materials and financial stocks mostly rose despite some ...
Tags: Investor Sentiment, fiscal, cliff problem
The Governing Board of MODINT, the Dutch employer’s organization for fashion, interiors, carpets and textiles, will nominate the current Director General H.J.A. (Han) Bekke (63) as the new Chairman of MODINT at the general ...
Vion has finalised a deal for an MBO of its UK pork arm, which is among a series of assets in the country the Dutch food group is looking to sell. The company today (13 December) confirmed UK private-equity firm Endless would back a ...
Tags: Vion, deal, MBO, UK pork arm
Produce group Fyffes today (3 September) increased its forecast for annual profits, sending its shares higher. Fyffes said it expects EBITA to hit EUR28-33m (US$35.2-41.5m) up from a previous prediction of EUR25-30m. The company said ...
Tags: annual profits, shares higher, group Fyffes, new guidance
South African retailer Shoprite Holdings has recorded an increase in full-year sales and profits, despite trading in what it says is a "highly competitive" trading environment. The company increased sales in the six months to the end ...
Irish grocery sales fell 0.9% in the 12 weeks to 5 August, according to the latest data from Kantar Worldpanel. The decline was not as steep as the 1.3% slide in the 12 weeks to 8 July but again demonstrated the pressure consumers in ...
Tags: grocery sales, latest data, Kantar Worldpanel, Kantar, Tesco, SuperValu
Australian retail distributor Metcash has booked a drop in full-year profit. For the 12 months to the end of April, earnings dropped to A$90m (US$90.4m) from A$241.4m in the prior-year. Metcash blamed the decline on restructuring costs ...
Tags: Metcash, full year profit drop, food retail, food industry
Food giant Heinz has appointed Lee Rolston to the role of director for its Explore UK & Ireland division. Rolston, who joins Heinz from Muller Dairy where he was marketing director, will head up the firm's Explore team, created earlier ...
Tags: food, Heinz, Lee Rolston, food group
Dutch meat supplier Vion has announced it wants to quit the UK, a market it has said suffers from over-capacity and "extremely challenging" trading conditions. Vion said today (19 November) it is already in "detailed discussions with a ...
Tags: Meat giant, Meat, Dutch meat, meat sector
Dairy giant Fonterra has lowered its forecast for annual earnings in its next financial year, blaming currency fluctuations and "difficult" trading conditions in Australia and New Zealand. The New Zealand company said today (28 August) it ...
Tags: Dairy giant, Dairy, net profit, Fonterra
US baker Flowers Foods has changed its forecast for annual earnings, pointing to "heightened" competition and "challenging" trading conditions. Flowers expects adjusted earnings per share to increase by 3.5% to 8% in 2012, including the ...
This week's clutch of featured industry research from the just-food store highlights commodities data from agribusiness specialists LMC International. It also includes in-depth looks at Carrefour's operations in Spain and Wal-Mart Stores' ...
Tags: featured industry, commodities data, just-food's research
US regional retailer Spartan Stores today (1 August) reported pressure on first-quarter profits, citing "challenging" trading conditions. Spartan posted net earnings of US$6m for the 12 weeks to 23 June, matching the result in last year's ...
Scottish farmer-owned co-operative ANM Group has announced plans to sell its Scotch Premier Meat and Yorkshire Premier Meat businesses following a strategic review of its operations. In a statement yesterday (19 July), the company said ...
Tags: meat processing, Premier Meat, Meat, Meat businesses