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News headlines > Financial
Mouth bacteria boost some flavours: Study
20-Nov-2008 - Bacteria present in the mouth may delay the flavour response for some fruit, vegetables, and wine, according to a new study from Firmenich.
Frutarom eyes opportunities thrown up by financial turmoil
20-Nov-2008 - The global economic crisis will yield rich pickings for food firms with a strong capital structure. So believes Frutarom, which has reported another quarter of impressive growth figures on the back of its most recent acquisitions splurge.
Beer bottle hoarding gets San Miguel a fat fine
19-Nov-2008 - San Miguel Corporation, Southeast Asia's largest food and drinks manufacturer, has been handed a P130 million (€2 million) fine after being found to have engaged in unfair trade practices.
InBev cleared for Budweiser buy
17-Nov-2008 - InBev says it will divest its responsibility for partially owned Canada-based brand Labatt to clear its acquisition of Budweiser brewer Anheuser-Busch.
Process innovation key to survival in credit crunch - KTP
07-Nov-2008 - Innovation is even more important for the food and drink manufacturing sector during an economic downturn, claims the Knowledge Transfer Partnerships (KTP).
A menu for American food policy
03-Nov-2008 - At the time of writing, the US is poised to go to the polls. The next two days are going to be hugely exciting. And when it’s all over, after the victor gets some well-earned rest… he’ll rub his sleepy eyes and ask: ‘What’s for breakfast?'.
Ajinomoto confirms aspartame price increase for Europe
30-Oct-2008 - Ajinomoto Europe has announced a 15 per cent price increase for aspartame produced at its plant in Gravelines, France, just weeks after the US business made a similar announcement.
Recession dampens taste for UK beer
27-Oct-2008 - Fears continue to grow for the institution of the great British pub as sales of the token pint of beer fell by 7.2 per cent during the third fiscal quarter over the same period last year.
Danone agrees Frucor sale
24-Oct-2008 - The Asian arm of Danone has agreed to sell off Australasian energy drink brand Frucor to Suntory as part of a €600m restructuring of its operations.
Nestle plans Russian coffee expansion
24-Oct-2008 - Nestle has announced it intentions to extend state-of-the-art coffee production at one of its Russian plants as part of a proposed €160m investment in freeze-dry technology.
Banks’ rescue package points the way for food crisis remedies
20-Oct-2008 - Question: When is a crisis not a crisis? Answer: When it’s a food crisis. Compare the two responses to failures in the food system and financial markets.
Cost of caramel colors rises
20-Oct-2008 - DD Williamson is warning its customers that the price of its caramel colors could increase by up to 30 percent next year due to economic conditions.
Soft drinks rivals: The brands they are a changin’
17-Oct-2008 - With Coca-Cola and PepsiCo posting differing fortunes in their latest financial results, the world’s leading soft drink makers are increasingly treading different paths to tackle changing attitudes to carbonated beverages, according to an industry analyst.
Foster’s wine plan may drive beer sale
16-Oct-2008 - Australia-based Foster’s attempts to divest its wine operations is expected to open the global brewer to possible takeover bids, according to news reports.
News briefs: Britvic boost and Eastern European water
16-Oct-2008 - This week, Britvic says the strong performance of its global brands is keeping it on track to meet profit forecast and the Eastern European market for bottled water shows potential for further growth.
News briefs: Coca-Cola, US beer imports and Viking politics
10-Oct-2008 - This week, Coca-Cola announces a Monster deal to boost its energy drink presence, imported beers are on the rise in the US and a British MP lends his support to a Viking beer.
Product and market diversity aiding drink maker resilience
10-Oct-2008 - The European beverage industry will find strength in variety in its attempts to offset the impacts of the current economic downturn, according to a new report.
Russian optimism remains despite big brewers’ beer lull
07-Oct-2008 - Despite declining sales growth for leading brewers like Carlsberg and InBev in Russia, analysts and industry alike suggest that the country’s beer market is far from stagnating.
Industry targeting misuse, not consumption in drink focus
01-Oct-2008 - In the final part of an ongoing series, BeverageDaily.com looks at the issue of pricing on alcoholic beverages amidst industry claims that more expensive products will not deter misuse.
Responsibility not cost dependant – spirit makers
30-Sep-2008 - In the first of a two-part series, BeverageDaily.com looks at the issue of pricing on alcoholic beverages, both as a tool for social responsibility drives designed to curb alcohol use, and in ensuring financial success for manufacturers.
News briefs: PepsiCo, Refresco and Viking beer ban
25-Sep-2008 - This week, PepsiCo is reportedly India bound to boost its beverage sales, Refresco looks to expand into European juice making and a beer with a Viking heritage comes into trouble over its branding.
Walmark builds sports nutrition presence
19-Sep-2008 - Central and Eastern Europe’s biggest food supplements manufacturer, Walmark, has taken 100 per cent control of fellow Czech sports nutrition specialist, Aminostar, in an undisclosed deal.
Bud maker and Coca-Cola pursue soft drink expansion
09-Sep-2008 - Anheuser Busch has joined Coca-Cola over the last week in attempting to expand its presence in the global market for non-carbonated and functional beverages through their latest expansion drives.
Hurricane wake-up call for business and boy scouts
08-Sep-2008 - Louisiana was holding its breath when Hurricane Gustav made landfall last week. It promised to be the mother of all storms as it roared towards the Gulf Coast but fortunately the region, along with the food industry it supports, was spared.
EU sugar woes are not yet over at ABF
08-Sep-2008 - While there has been more optimisms hovering over the post-reform EU sugar industry this year, ABF cites the new regime as having an on-going effect on the profits of its sugar division.
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