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Food and drink prices on the rise

Prices for food and drink have risen sharply in the UK over the last year, in a sign that higher input costs are increasingly being passed down the supply chain.

Novozymes centralises procurement to free R&D funds

Novozymes is centralising its procurement facility in a bid to ensure transparency and consistency, and make savings that it plans to plough into more research and development.

Coca-Cola to pay $4.1bn for health-drinks maker

Coca-Cola will pay $4.1bn (€3.05bn) to acquire Glacéau and its full range of health-based water brands, including Vitaminwater.

MEPs flatten alcohol tax plan

Plans to raise minimum excise tax on beer and spirits in the EU came to a standstill this week, after a hammer blow from the European Parliament.

Food and industrial ingredients drive Tate & Lyle growth

Tate & Lyle has reported a strong full year 2007, the third consecutive year of sales growth and a key one for repositioning towards value added ingredients. But despite this,...

Britvic back on the growth track

Soft drinks maker Britvic had sales of carbonated and still soft drinks ahead of the UK market in its first half, an encouraging sign for the industry's prospects.

Private equity rumours stalk Cadbury drinks

A swarm of private equity firms is set to form consortiums to bid for the US beverages arm of Cadbury Schweppes, according to a report.

Moet Hennesy hopes to lift Chinese spirits

Moët Hennesy has acquired a majority stake in Chinese group Wen Jun Distillery as it moves to expand its global premium spirits and wine brands range.

Britvic buys into Ireland

UK soft drinks maker Britvic stepped up its expansion overseas after signing a deal buy to the soft drinks arm of Ireland's C&C Group.

Magners cider eyeing Europe expansion

C&C Group, the Irish owner of Magners cider, said it is looking to expand the brand in mainland Europe after breakthrough success in the UK last year.

San Miguel expands partner strategy

Brewer San Miguel plans to list its domestic beer and global packaging operations on the Philippines stock exchange in a move to court more investment in the company.

EU customs agreement to cut out the paperwork

A new EU customs agreement in the making will cut out the paperwork and reduce the costs of importing and exporting goods, according to officials.

Alcoa makes bid for Alcan

Alcoa today announced $33bn (€24bn) hostile bid for Alcan in a move to consolidate two of the world's largest aluminium suppliers to the beverage and packing industries.

Danisco names flavours buyer: it's Firmenich

Danisco has cut a deal to sell its flavours division to Firmenich that will let it focus resources on its bioingredients, texturants and sweeteners competencies - while still keeping some...

Unilever gains defy expansion costs

Unilever yesterday said it achieved underlying sales growth of 5.4 per cent to €9.5bn during the first quarter, while continuing to restructure in a drive to make its food operations...

Danisco discusses sale of flavour division

Danisco has confirmed the truth of market rumours that it is involved in negotiations over the possible sale of its flavours division.

Weekly Comment

Training the salt of the earth

On International Labour Day, workers across the world will be raising a glass in honour of the salt of the earth.

CCE predicts earnings drop in 2007

Life is unlikely to get much sweeter for Coca-Cola Enterprises this year as rising input costs and a new restructuring scheme threaten to knock earnings further, it warned.

Alcoa to examine disposal of packaging business

Alcoa said this week it would examine disposal of its packaging and consumer units, which together generate $3.2 billion in revenues for the company.

PepsiCo feasts on snack growth for first quarter gains

Beverage giant PepsiCo has increased sales by about nine per cent to $7.4bn (€5.3bn) during a strong first quarter for the year, as it continues to expand its global operations,...

WTO opens inquiry on India's spirit tariffs

European wine and spirits firms saw the door to India open a little wider Tuesday, after the World Trade Organisation agreed to investigate the country's high import tariffs.

French wine militants attack supermarkets

Militant winemakers have claimed responsibility for explosions and fires at several supermarkets in southern France, raising concerns of a return to violence in the region.

Diageo plan to split Scottish & Newcastle

Diageo approached SABMiller to discuss carving up fellow alcoholic drinks giant, Scottish & Newcastle, adding to speculation over industry consolidation.

Regulator says levying fees could harm independence

The EU's food safety agency has expressed reservations about a plan by the European Commission to make companies pay fees for risk assessments.

Coca-Cola reaps global rewards

Beverage giant Coca-Cola has started the year on a high, posting its strongest first quarter results in half a decade due to growth in key international markets.