Almost a year after the UK stunned the world with its vote to leave the EU, the country this week again confounded pollsters and pundits with a General Election result that has left no party with a majority of seats in the House of Commons – just ten days before Brexit talks are due to begin. Elsewhere, US groups Conagra Brands and Pinnacle Foods were said to have ended talks over a possible combination, under-pressure Brazilian meat giant JBS offloaded beef assets in South America and ethical certifiers The Rainforest Alliance and UTZ announced plans to join forces.
UK election result – all eyes on Northern Ireland as Brexit talks near
Cor Blimey! exclaimed one Labour-leaning UK tabloid this morning (9 June) as the country awoke to another election result that confounded pollsters.
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Conagra, Pinnacle Foods ‘break off deal talks’
Conagra Brands has reportedly ended talks aimed at a possible takeover of US peer Pinnacle Foods after the two sides were said to have failed to agree on the terms of a deal.
Goodman Fielder proposes shake-up of New Zealand operations
Australia-based food group Goodman Fielder today (8 June) announced proposals for a shake-up of its operations in New Zealand, including the closure of two bakery sites and investment in other facilities.
JBS offloads beef assets to Brazilian rival Minerva units
Brazil-based meat giant JBS today (6 June) announced the sale of its beef operations in three South American markets to companies controlled by local rival Minerva.
The Rainforest Alliance, UTZ to join forces
Ethical organisations the Rainforest Alliance and UTZ are to merge, with the two bodies to operate a single certification standard.
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By GlobalDataSovos Brands buys US sauces maker Rao’s Specialty Foods
Sovos Brands, a new US-based food and beverage company formed by Advent International, has agreed to buy local pasta sauce maker Rao’s Specialty Foods.
French groups Cofigeo, Arterris make joint bid for Financiere Turenne Lafayette’s William Saurin arm
French food businesses Cofigeo and Arterris have made a takeover offer for the ready meals business of the embattled local food holdings group Financiere Turenne Lafayette.
Miratorg mulling launch into Russia dairy sector
Russia-based meat processor Miratorg is considering proposals to invest up to US$400m in the launch of a dairy division, with a focus on the production of milk and cheese products.
2 Sisters confirms UK poultry plant closure
The UK’s 2 Sisters Food Group today (5 June) confirmed it is shutting a poultry plant at Smethwick in the West Midlands at the end of this month – but disputed union claims about the impact on jobs.
Danone invests in sustainable agriculture in LatAm
French dairy group Danone today (9 June) announced plans to invest in sustainable agriculture in the Latin America and Caribbean region in partnership with international finance organisations.
