http://www.foodandbevdigital.com/FoodandDrink/ Food and drink news for executives in the UK. Covering issues in food technology, consumer satisfaction, ethical sourcing, healthy eating, marketing. Pubs operator and brewer Fuller, Smith & Turner reported a decline in underlying interim profit on Friday as trading conditions remained challenging. http://www.foodandbevdigital.com/FoodandDrink/Fuller-s-profit-down-in--challenging--conditions_11613.aspx http://www.foodandbevdigital.com/FoodandDrink/Fuller-s-profit-down-in--challenging--conditions_11613.aspx Fri, 21 Nov 2008 15:08:21 GMT Food and Bev UK InBev NV closed its purchase of U S brewer Anheuser-Busch Cos Inc to create the world's largest brewer in the biggest cash acquisition in history, despite a global financial crisis that has stymied other deals http://www.foodandbevdigital.com/FoodandDrink/InBev-closes-Bud-deal-to-become-No--1-brewer_11345.aspx http://www.foodandbevdigital.com/FoodandDrink/InBev-closes-Bud-deal-to-become-No--1-brewer_11345.aspx Wed, 19 Nov 2008 08:07:02 GMT Food and Bev UK Premier Foods, the country's biggest food manufacturer, said Tuesday it will not pay an interim dividend in 2008 as it looks to reduce its debt. http://www.foodandbevdigital.com/FoodandDrink/Premier-Foods-scraps-dividend_11285.aspx http://www.foodandbevdigital.com/FoodandDrink/Premier-Foods-scraps-dividend_11285.aspx Tue, 18 Nov 2008 09:10:59 GMT Food and Bev UK Premium pork supplier and pet food maker Cranswick on Monday beat analyst expectations with a 5 percent increase in first-half profit and said it believes cost pressures have peaked. http://www.foodandbevdigital.com/FoodandDrink/Cranswick-profit-up-5-percent_11216.aspx http://www.foodandbevdigital.com/FoodandDrink/Cranswick-profit-up-5-percent_11216.aspx Mon, 17 Nov 2008 09:36:47 GMT Food and Bev UK Global consumer foods group, Kerry Group, reported that its underlying performance across its global ingredients and flavours businesses remained solid in the four months ended October 31 http://www.foodandbevdigital.com/FoodandDrink/Kerry-Group-s-business-remains-solid_11133.aspx http://www.foodandbevdigital.com/FoodandDrink/Kerry-Group-s-business-remains-solid_11133.aspx Fri, 14 Nov 2008 14:21:27 GMT Food and Bev UK Bar operator Regent Inns said on Friday that recent sales trends remained unchanged from its last trading update, when it reported a 13 percent drop in like-for-like sales for the 15 weeks to October 12 http://www.foodandbevdigital.com/FoodandDrink/Regent-Inns-says-recent-trading-remained-weak_11087.aspx http://www.foodandbevdigital.com/FoodandDrink/Regent-Inns-says-recent-trading-remained-weak_11087.aspx Fri, 14 Nov 2008 08:20:35 GMT Food and Bev UK Brewing giant SABMiller warned it is looking to cut back investment spending as a global economic slowdown hits beer drinking, after the group reported half-year earnings growth at the top end of forecasts. http://www.foodandbevdigital.com/FoodandDrink/SABMiller-earnings-rise-but-warns-of-weakening-demand_10981.aspx http://www.foodandbevdigital.com/FoodandDrink/SABMiller-earnings-rise-but-warns-of-weakening-demand_10981.aspx Thu, 13 Nov 2008 15:41:32 GMT Food and Bev UK Diageo , the world's largest alcoholic drinks group, said it was reviewing a possible collaboration with India's United Spirits after Indian media reports concerning Diageo taking a stake. http://www.foodandbevdigital.com/FoodandDrink/Diageo-reviewing-collaboration-with-United-Spirits_11003.aspx http://www.foodandbevdigital.com/FoodandDrink/Diageo-reviewing-collaboration-with-United-Spirits_11003.aspx Thu, 13 Nov 2008 15:13:54 GMT Food and Bev UK Northern Foods reported a drop in first-half profit on Tuesday but shares in the company rose as it trumpeted its new ranges of budget products aimed at cash-strapped shoppers. http://www.foodandbevdigital.com/FoodandDrink/Northern-Foods-profit-down_10807.aspx http://www.foodandbevdigital.com/FoodandDrink/Northern-Foods-profit-down_10807.aspx Tue, 11 Nov 2008 17:19:08 GMT Food and Bev UK Food manufacturer Northern Foods reported a 16 percent fall in first-half pretax profit on Tuesday and said it was cautious about the strength of consumer spending this Christmas http://www.foodandbevdigital.com/FoodandDrink/Northern-Foods-hit-by-currency-movements_10773.aspx http://www.foodandbevdigital.com/FoodandDrink/Northern-Foods-hit-by-currency-movements_10773.aspx Tue, 11 Nov 2008 09:15:31 GMT Food and Bev UK The following is a round-up of key small cap movers on the London stock market on Monday. http://www.foodandbevdigital.com/FoodandDrink/Hot-small-caps--Majestic-Wine-lower-as-interim-profits-fall_10682.aspx http://www.foodandbevdigital.com/FoodandDrink/Hot-small-caps--Majestic-Wine-lower-as-interim-profits-fall_10682.aspx Mon, 10 Nov 2008 20:58:52 GMT Food and Bev UK The board of C&C Group plc has appointed John Dunsmore as Chief Executive Officer, effective immediately, following the resignation of Maurice Pratt on October 9 http://www.foodandbevdigital.com/FoodandDrink/C-C-appoints-new-CEO_10703.aspx http://www.foodandbevdigital.com/FoodandDrink/C-C-appoints-new-CEO_10703.aspx Mon, 10 Nov 2008 12:23:40 GMT Food and Bev UK (Reuters) - Dairy Crest Group posted a 7 percent fall in first-half pretax profit, mainly on costs related to the disposal of its speciality cheese business, and warned its full-year underlying pretax profit will be 10 percent lower than last year. http://www.foodandbevdigital.com/FoodandDrink/Dairy-Crest-pretax-profit-down-7-percent_10681.aspx http://www.foodandbevdigital.com/FoodandDrink/Dairy-Crest-pretax-profit-down-7-percent_10681.aspx Mon, 10 Nov 2008 09:37:41 GMT Food and Bev UK Cadbury plc has announced the appointment of Colin Day as a Non-executive Director, with effect from December 1, 2008 http://www.foodandbevdigital.com/FoodandDrink/Cadbury-appoints-new-Non-executive-Director_10592.aspx http://www.foodandbevdigital.com/FoodandDrink/Cadbury-appoints-new-Non-executive-Director_10592.aspx Fri, 07 Nov 2008 14:23:18 GMT Food and Bev UK Scottish dairy group Robert Wiseman on Friday warned that lower cream prices may hit its second half profits by 7 million pounds, sending shares down as much as 8 percent http://www.foodandbevdigital.com/FoodandDrink/Robert-Wiseman-sees-H2-soured-by-cream-price_10558.aspx http://www.foodandbevdigital.com/FoodandDrink/Robert-Wiseman-sees-H2-soured-by-cream-price_10558.aspx Fri, 07 Nov 2008 09:18:05 GMT Food and Bev UK Sugar refiner and sweetener maker Tate & Lyle beat forecasts with a 4 percent rise in half-year profit and said it was more resilient than many to recession, helping to push its shares higher. http://www.foodandbevdigital.com/FoodandDrink/Tate-Lyle-profits-beat-forecasts-with-4-percent-rise_10404.aspx http://www.foodandbevdigital.com/FoodandDrink/Tate-Lyle-profits-beat-forecasts-with-4-percent-rise_10404.aspx Thu, 06 Nov 2008 13:39:07 GMT Food and Bev UK Danish brewer Carlsberg will focus its operations on just one brewery at Northampton after its decision to close its Leeds Tetley's brewery on Wednesday due to falling beer sales. http://www.foodandbevdigital.com/FoodandDrink/Carlsberg-to-have-one-brewery-with-Leeds-closure_10328.aspx http://www.foodandbevdigital.com/FoodandDrink/Carlsberg-to-have-one-brewery-with-Leeds-closure_10328.aspx Wed, 05 Nov 2008 21:25:07 GMT Food and Bev UK Pub operator Punch Taverns reported a drop in full year profits on Tuesday and warned of challenging conditions, sending its shares more than 16 percent lower although rival JD Wetherspoon bucked an increasingly gloomy trend for the industry by lifting sales. http://www.foodandbevdigital.com/FoodandDrink/Pubs-grapple-with-deepening-economic-gloom_10251.aspx http://www.foodandbevdigital.com/FoodandDrink/Pubs-grapple-with-deepening-economic-gloom_10251.aspx Tue, 04 Nov 2008 17:27:24 GMT Food and Bev UK Punch Taverns , Britain's biggest pub operator, reported a decline in full year earnings on Tuesday reflecting a 7 percent reduction in the size of its estate following the disposal of less profitable pubs. http://www.foodandbevdigital.com/FoodandDrink/Punch-Taverns-profit-lower-after-pub-disposals_10236.aspx http://www.foodandbevdigital.com/FoodandDrink/Punch-Taverns-profit-lower-after-pub-disposals_10236.aspx Tue, 04 Nov 2008 10:43:04 GMT Food and Bev UK Supermarket giant Sainsbury’s has said it plans to power its stores by converting food waste into methane gas which will generate electricity http://www.foodandbevdigital.com/FoodandDrink/Sainsbury-s-to-convert-waste-into-power_10187.aspx http://www.foodandbevdigital.com/FoodandDrink/Sainsbury-s-to-convert-waste-into-power_10187.aspx Mon, 03 Nov 2008 16:00:47 GMT Food and Bev UK Following is a round-up of key small cap movers on the London stock market on Thursday. http://www.foodandbevdigital.com/FoodandDrink/Hot-Small-Caps--Punch-Taverns-surges-as-debt-fears-diminish_10008.aspx http://www.foodandbevdigital.com/FoodandDrink/Hot-Small-Caps--Punch-Taverns-surges-as-debt-fears-diminish_10008.aspx Thu, 30 Oct 2008 20:25:36 GMT Food and Bev UK Arla Foods has announced its global strategy, in which the UK will continue to play a ‘fundamental role’, aimed at special growth markets http://www.foodandbevdigital.com/FoodandDrink/Arla-Foods-announces-global-strategy_10025.aspx http://www.foodandbevdigital.com/FoodandDrink/Arla-Foods-announces-global-strategy_10025.aspx Thu, 30 Oct 2008 16:36:33 GMT Food and Bev UK French grocery giant, Carrefour, has said that it is to focus on expanding and consolidating its operations in key growth markets http://www.foodandbevdigital.com/FoodandDrink/Carrefour-to-expand-into-growth-markets_9931.aspx http://www.foodandbevdigital.com/FoodandDrink/Carrefour-to-expand-into-growth-markets_9931.aspx Wed, 29 Oct 2008 17:07:52 GMT Food and Bev UK Tesco plc has asked its non-food suppliers to wait an extra 30 days for payment, according to reports, in a bid to free up cash for the Christmas trading period http://www.foodandbevdigital.com/FoodandDrink/Tesco-delays-payments-to-suppliers_9830.aspx http://www.foodandbevdigital.com/FoodandDrink/Tesco-delays-payments-to-suppliers_9830.aspx Tue, 28 Oct 2008 16:06:15 GMT Food and Bev UK The merger of Campofrio and Groupe Smithfield, which will operate under the name Campofrio Food Group, has been approved by shareholders at a meeting http://www.foodandbevdigital.com/FoodandDrink/Smithfield--Campofrio-merger-approved_9730.aspx http://www.foodandbevdigital.com/FoodandDrink/Smithfield--Campofrio-merger-approved_9730.aspx Mon, 27 Oct 2008 15:58:00 GMT Food and Bev UK The iconic British pint has become the latest casualty of the credit crunch with quarterly beer sales slumping to their lowest level for a decade, a report released on Monday shows. http://www.foodandbevdigital.com/FoodandDrink/Beer-sales-fall-7-2-percent-in-Q3_9691.aspx http://www.foodandbevdigital.com/FoodandDrink/Beer-sales-fall-7-2-percent-in-Q3_9691.aspx Mon, 27 Oct 2008 11:22:37 GMT Food and Bev UK Danish brewer Carlsberg is eyeing five percent share of the Indian beer market this year and said it plans to introduce its global brands over the next few years http://www.foodandbevdigital.com/FoodandDrink/Carlsberg-to-introduce-global-brands_9607.aspx http://www.foodandbevdigital.com/FoodandDrink/Carlsberg-to-introduce-global-brands_9607.aspx Fri, 24 Oct 2008 15:25:22 GMT Food and Bev UK Baroness Hogg has been appointed as a Non-Executive Director and will join the board with effect from today http://www.foodandbevdigital.com/FoodandDrink/Cadbury-appoints-Non-Executive-Director_9520.aspx http://www.foodandbevdigital.com/FoodandDrink/Cadbury-appoints-Non-Executive-Director_9520.aspx Thu, 23 Oct 2008 16:37:49 GMT Food and Bev UK VEVEY, Nestle , the world's biggest food group, reported a forecast-beating 8.9 percent rise in nine-month underlying sales, helped by emerging markets and premium brands, and raised its full-year outlook. http://www.foodandbevdigital.com/FoodandDrink/Nestle-9-month-sales-beat-forecast_9461.aspx http://www.foodandbevdigital.com/FoodandDrink/Nestle-9-month-sales-beat-forecast_9461.aspx Thu, 23 Oct 2008 13:58:51 GMT Food and Bev UK Groupe Danone today posted an 8 3 percent increase in like-for-like sales, boosted by growth from its dairy and baby nutrition businesses, and confirmed its targets for 2008 http://www.foodandbevdigital.com/FoodandDrink/Danone-posts-8-3--sales-rise-in-Q3_9422.aspx http://www.foodandbevdigital.com/FoodandDrink/Danone-posts-8-3--sales-rise-in-Q3_9422.aspx Wed, 22 Oct 2008 16:08:49 GMT Food and Bev UK