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From financial wheeling and dealing and M&A to action on sustainability and climate change - keep tabs on the major market players including Coke, PepsiCo, SABMiller, Diageo and Monster Energy.

Guinness troubles dampen Diageo spirits

Sales of Guinness have slipped in the beer's Irish homeland over the past year, its maker Diageo has announced, taking the shine off a solid sales rise for the drinks...

Foster's denies takeover rumours

Australian beer and wine group Foster's said it was unaware of any takeover interest, after shares soared Tuesday amid rumours that multinational brewers were circling to buy the group.

Rexam to renegotiate beverage can prices in Europe

Global packaging provider Rexam says it will begin renegotiating contracts with its European clients later this year in a bid to recover some of the rising costs of the aluminum...

Hot summer lifts Nestlé in Europe

Nestlé said bottled water and ice cream sales had been helped in the first half in Europe by the heatwave that has swept across the continent this summer.

Rexam enters India to tap beer growth

Packaging giant Rexam has gained its first foothold in India, signing a local joint venture that plans to supply cans to the country's promising beer market.

Instant, portable, simultaneous pathogen inspection

US scientists have developed a miniature portable nanotech device to simultaneously detect numerous toxins, pathogens and chemicals in foodstuffs.

Danone plots takeover trail

French food giant Danone has built up a war chest of up to €1bn to spend on acquisitions over the next three to five years, according to a report.

PepsiCo unveils first female chief executive

PepsiCo has appointed Indian-born Indra Nooyi to be its new chief executive, displaying the group's international credentials as it looks to build on recent success.

SAB gets down under with Coca-Cola

International brewer SABMiller said it had signed a joint venture deal with Coca-Cola Amatil to import, market and distribute premium beer brands in Australia.

Carlsberg upbeat after beer sales rise

Carlsberg raised its profit prediction for the year after beer sales rose eight per cent in the first half of 2006, thanks to a limited recovery in Western Europe and...

World Cup lifts S&N beer sales

Beer swilling England football fans helped Scottish & Newcastle to a six per cent sales rise for the first half of the year, continuing the brewer's new momentum in the...

Foster's exits Asian beer markets

Australian wine and beer group Foster's will exit the Asian brewing business with the US$225 million sale of its operations in Vietnam and India, it announced on Friday.

Nestlé signs bottled water merger in Turkey

Nestlé Waters said it would merge in Turkey with the country's number one bottled water group, Erikli, to take better advantage of Turks' growing thirst for mineral water.

Danone cashing in on new products, markets

Emerging markets and new 'health products' helped Danone to continue its strong sales growth in the second quarter of 2006, though the group has struggled to turn around losses on...

Coca-Cola Amatil takes over Palm Springs water

Lossmaking water delivery firm Palm Springs has finally succumbed to an offer from the Asia-Pacific drinks group Coca-Cola Amatil, allowing the bigger group to continue its expansion in this fast-growing...

Zidane to join team Danone?

Yes, that's right. Freshly retired French footballer Zinedine Zidane may yet be selected to join the board of dairy, water and biscuit giant Danone, says a report.

Weekly Comment

WTO's failure is food industry's loss

The short sighted failure of greedy WTO trading partners to achieve any sort of meaningful agreement on global agricultural tariffs is bad for Europe's food industry.

US and Mexico announce sweetener free trade deal

The US and Mexico have concluded an agreement under which access will be granted for US high fructose corn syrup exports to Mexico, a move that begins to address the...

Anheuser up, SABMiller down in US beer battle

Anheuser Busch managed to stop the rot on the troublesome American beer market during the first half of 2006, but hopes of a sector-wide recovery were dashed by a sales...

Beer sales lift Heineken's profit prediction

Heineken has said profits this year were likely to be better than it thought, thanks to surprisingly good beer sales in both Eastern Europe and the more stagnant US market.

Coca-Cola profits beat predictions

Coca-Cola beat several predictions with a seven per cent profit rise in the second quarter of 2006, as improved performances in Europe and Latin America offset difficulties in Japan.

PepsiCo signs Ocean Spray drinks deal

PepsiCo has signed a deal with Ocean Spray to bottle and distribute single-serve cranberry juice drinks, as the soft drinks firm looks to expand its offering to health-conscious consumers.

Greene King sales rise allays smoking ban fears

Ale brewer Greene King said it had sold more beer than expected since smoking was banned in all Scottish pubs, suggesting the ban may not hit revenue as much as...

Weekly Comment

Cadbury's mistake

Chocolate has a nice feeling to it - tasty, fun, luxurious and slightly sinful. This is comfort food, accessible to all and epitomised in the recent film, Charlie and the...

Chinese juice maker attracts foreign investors

French dairy and biscuits group Danone has bought a 22.2 per cent stake in China's leading fruit juice company Hui Yuan, the companies said yesterday.