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...In the UK, prices for food and non-alcoholic beverages rose 5 per cent in the year to February, the lowest since the start of 2022 and well below the 45-year high of 19.2 per cent in March 2023....
...Advent had previously acquired Partner in Pet Food in 2011, before selling the business to another private equity investor Pamplona Capital Management in 2015 for €315mn....
...Drawing on her prior experience running Suntory Beverage & Food’s human resources department, she wants to internationalise the group further....
...A group of Nestlé shareholders has filed a resolution ahead of its annual meeting next month demanding the world’s biggest food company reduce its reliance on unhealthy products and arguing that the health...
...In the new category of no- and low-alcohol beverages, he added that the company would invest more in start-ups to gain the technology and capability to produce more beverages in small volumes....
...The BRC figures suggest the official rate of price growth for food and non-alcoholic beverages eased further in December after declining to 9.2 per cent in November from 10.1 per cent the previous month....
...Nestlé reported lower than expected full-year sales as the world’s biggest food company pinned the blame on a continued squeeze on household budgets....
...The cat is obsessed with food because food is the only narrative marker in its day. Time, for the alcoholic, is essentially formless except for the way that drink maps it....
...Farming groups have argued that the Environmental Land Management schemes risk reducing food self-sufficiency at a time when climate change and the war in Ukraine are hitting global supply....
...It added that some larger companies were “considering abandoning their exports to Ireland altogether”....
...Suntory Beverage and Food is the soft drinks company of the Suntory Group. It does not include Suntory whiskies as wrongly suggested in the Women of the Year feature....
...Price growth of food and non-alcoholic beverages hit a 45-year high of 19.2 per cent in March this year, according to the Office for National Statistics....
...Associated British Foods, which also owns food brands Ovaltine and Ryvita, posted a 37 per cent increase in pre-tax profit to £881mn for the six months ending March 2, up from £644mn a year earlier....
...“Margins on the continent tend to be better than with UK retailers because people pay more for their food....
...“Inflationary pressures are reducing and we have improved visibility of costs in the coming year,” the company said, stating that there had been no change to management’s expectations for 2024....
...While theft of strong alcoholic beverages is common across Europe, STC said Spain stood out for its “gourmet” preferences, with cheese, bonito tuna and even cockles also highly prized by criminals....
...While most of its output is currently shipped outside the continent, it is on Africa that the company is pinning its future....
...Other consumer goods and fast food companies have also flagged consumer stress....
...The trend was confirmed by separate data from research company Kantar, also published on Tuesday, showing that the annual rate of supermarket price growth slowed sharply to 5.3 per cent in February, from...
...Moscow has already blamed the EU for causing disruption on the global food market with its sanctions on Russian banks and energy companies, winning sympathy from some developing countries....
...Hong Kong-based activist fund Oasis Management has built a stake in the convenience foods group Greencore, raising the prospect of a shake-up at the UK’s biggest sandwich maker....
...Business and trade secretary Kemi Badenoch has warned Steve Barclay, her counterpart at the Department for Environment Food and Rural Affairs, that his plans will drive up food costs and risk upsetting Britain...
...In truth, I don’t like people who don’t drink and I don’t like active alcoholics; I only like people who drink and people who had to stop drinking because they are alcoholics....
...“We’re seeing a bit of a slowdown in the US in both the food and beverage category,” chief executive Ramon Laguarta told analysts....
...BUY: Hilton Food (HFG) Difficulties in the vegetarian and vegan markets continue to blight the food packing business, writes Christopher Akers....
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