A number of the industry’s heavy-weights, from Nestle to PepsiCo and Tesco, reported their results last week. Mars Inc and Northern Foods both announced job cuts in the UK while Unilever took swift steps to distance itself from the BNP’s election campaign. Here is a selection of the most-read stories on just-food from the past week.
UK: Unilever in legal action against BNP over Marmite
Unilever has launched legal action against the British National Party after the far-right group used a Marmite jar in an online political broadcast.
Go deeper with GlobalData
US: Hershey lifts FY sales, earnings targets
US chocolate giant Hershey said today (22 April) it was targeting higher annual sales and profits after seeing first-quarter revenues and earnings rise.
US: Volume gains boost PepsiCo profits
PepsiCo has reported an increase in net profit driven by volume gains in its worldwide snacks and international beverage divisions.
On the money: Tesco outlines Fresh & Easy expansion plans
Tesco today (20 April) stood by its US retail arm Fresh & Easy, insisting losses from the business had “flattened out” and outlining plans to open more stores in the next 12 months.
SWITZ: Nestle reaffirms commitment to PPP strategy
Nestle has today (20 April) reaffirmed its commitment to developing its popularly positioned products (PPP) and said it anticipates the portfolio will generate global sales of over CHF20bn (US$18.8bn) in the coming years.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataUK: ABF says investments reaping benefits
Associated British Foods, the UK-based group behind Kingsmill bread and Jordans cereals, said today (20 April) that “strong performances” across the business had boosted half-year profits.
UK: Mars to cut jobs at chocolate site
Mars Inc said today (19 April) that it is to cut 45 roles from its factory in Slough in a “reorganisation” of the business.
UK: Mars to boost NPD in 2010
Mars Inc is planning to “double” its innovation programme in UK chocolate in 2010, the company has revealed.
UK: Northern to close Ethnic Cuisine factory
Northern Foods today (22 April) revealed that it is preparing to close the Swansea manufacturing facility of its Sainsbury’s supplier Ethnic Cuisine, putting 234 jobs at risk.
