UK food group Premier Foods will need to rid businesses in order to stabilise following its ‘truly awful’ full year results, analysts say, but predictions of sell-offs remain mixed.
Net income at Post Holdings Inc. in the second quarter ended March 31 totaled $10.5 million, equal to 31c per share on the common stock, down 64% from $29.1 million, or 85c per share, in the same period a year ago.
Post Holdings, a US-based producer of ready-to-eat cereal products, has reported that its net income for the second quarter ended 31 March dropped 64% to $10.5m, compared to $29.1m the previous year.
Bernstein Research gives sales forecasts for the top 10 food and beverage companies worldwide up to 2014 with some predicted to gain shares and others to lose out.
US confectioners Farley's & Sathers and the Ferrara Pan Candy Company have reached a deal to merge the two companies to become the Ferrara Candy company.
United Biscuits (UBUK), a leading manufacturer of biscuits, snacks and cakes in the UK, has announced that it will be adding 25% extra weight to its range of handypacks to offer consumers greater value for money and drive sales for retailers.
It is the endeavour of the government to make adequate sugar available at reasonable price in the domestic market through the policy of regulated release mechanism.
Ralcorp has announced the acquisition of cookie maker Petri Baking Products shortly after It reported a sales boost in the second quarter (Q2) 2012 driven by frozen bakery products.
Kraft Foods shareholders have approved the name Mondelez International as the new name for the company’s global snacks business after it splits into two separate companies later this year.
Confectioners face big rewards by tapping into market potential in Mexico, but will face “oblivion” if they fail to address growing health concerns, according to an analyst.
American food processing company General Mills plans to cut 850 positions globally, as a part of its cost-saving restructuring plan designed to cut costs.
ConAgra Foods' buying spree has continued with the acquisition of Wisconsin-based Kangaroo Brands’ private label pita chips business - its fourth deal in the 2012 fiscal year.
A consecutive deficit in 2012/13 is set to move cocoa prices higher as supply struggles to meet rising demand for chocolate products in Asia, according to financial services group Rabobank.
Kraft Foods will decide tomorrow whether to change the name of its global snacks spin-off to Mondelez International in a vote at its Annual Shareholder Meeting.
Divine Chocolate, the Fairtrade chocolate company also co-owned by cocoa farmers, has announced that Waitrose is adding three more bars to their existing range, while Sainsbury’s is also extending their Divine range with two more bars.
High street baker Greggs has fought off stiff competition from Pret A Manger, Subway and O'Briens to win the title ‘Specialist Sandwich Chain of the Year’.
