The boards of A.G. Barr and Britvic have responded to the decision by the UK’s Office of Fair Trading, saying that they continue to believe that the merger will not result in a substantial lessening of competition.
Cermaq reported profits of NOK 11 million (NOK 300 million) from high volume growth in feed offset by low salmon prices, especially in America and Japan.
The ACCC has launched an investigation into Coles and Woolworths over possible misuse of their market power and indications of “unconscionable conduct” in relation to deals with their suppliers.
Swiss food giant Nestlé has reported an 11.57% increase in its full year net earnings to CHF10.6bn in 2012, compared to CHF9.5bn in 2011, driven by growth in all regions across the world.
US dairy company Dean Foods has swung to a profit of $37m in the fourth quarter of 2012 driven by higher revenues, compared to a loss of $10m in the same period a year ago.
PepsiCo, Inc. has reported core earnings per share of $1.09 for the fourth quarter of 2012 and $4.10 for the full year, on organic revenue growth of 5 percent for both the quarter and the full year.
Dr Pepper Snapple Group (DPS) has entered into a five-year agreement with Georgia-based restaurant chain Zaxby’s to expand soft drink Dr Pepper to all current and future Zaxby’s locations.
Burger King Worldwide Inc on Friday reported a 94 per cent rise in fourth-quarter profit as menu additions drove comparable sales gains in the United States and Canada.
Belgium-based retailer Delhaize Group, which runs chains including Food Lion and Hannaford in the US, is to cut 500 jobs from its business across the Atlantic.
The FAO Food Price Index held steady at 210 points in January 2013 after three straight months of decline, writes the Food and Agriculture Organisation (FAO).
March Corn finished down 5 1/4 at 729, 6 off the high and 5 up from the low. May Corn closed down 5 1/2 at 730 3/4. This was 5 up from the low and 5 3/4 off the high.