Even after record annual profits, HJ Heinz is looking to improve its business and the US food maker this week announced plans to revamp its global supply chain. Elsewhere, the sale of a majority stake in frozen-food retailer Iceland Foods is a talking point in the UK, while in Europe, Denmark’s reported ban of Marmite, Nestle’s launch of a baby formula “capsule” and a fatal E.coli outbreak in Germany grabbed the headlines. Click on the headlines for more.
Heinz supply chain shake-up despite record profits
HJ Heinz has reported record annual profits but in a bid to drive further growth has announced plans to revamp its global supply-chain network.
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Talking shop: Who’s in the running for Iceland? – what the analysts say
With Landsbanki’s stake in Iceland Foods now up for grabs, both UK grocery retailers and private-equity firms are being touted as potential bidders for the frozen-food operator. Morrisons, Asda and Iceland founder and CEO Malcolm Walker have emerged as the frontrunners. just-food asked a number of analysts about who they predict will snap up the retailer.
SWITZ: Nestle launches baby milk “capsule”
Swiss food group Nestle has unveiled a new baby formula “capsule system”, BabyNes, which consists of a range of single-serve capsules to feed infants from birth up to three years of age.
Focus: Food market braced for another price spike
The unprecedented dry weather conditions seen in the UK over the past few months have been replicated across other northern European countries, pushing up grain prices and greatly increasing the likelihood of further food price rises later in the year. Ben Cooper reports.
On the money: M&S to finesse UK stores
Marks and Spencer has revealed plans to redevelop its UK store estate using demographic data to tailor its offer.
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By GlobalDataDENMARK: Danes deny ban but Marmite needs approval
Danish regulators have revealed that, while they have not “banned” the sale of Unilever’s Marmite spread in the country, it cannot go to market until it gains official approval.
GERMANY: E.coli linked to Spanish cucumbers
An outbreak of E.coli that has killed five people and sickened hundreds in northern Germany has been linked to cucumbers imported from Spain, health officials have indicated.
On the money: Tate & Lyle plans Spenda sucralose growth
Tate & Lyle has highlighted the potential that its Splenda sucralose products could have in emerging markets, where obesity and diabetes is becoming more prevalent.
On the money: Greencore looks to future growth
Greencore has insisted it expects its full-year earnings to meet “market expectations” despite the Irish convenience group earlier today (24 May) reporting mixed half-year results.
JAPAN: Dairy group Meiji aims to double south-east Asia sales
Japanese dairy product manufacturer Meiji Holdings is planning to double its sales in south-east Asia.
