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...In the US, annual food price inflation dropped to 2.2 per cent in February, down from a peak of 11.4 per cent in August 2022 and the lowest since May 2021....
...CVC acquired the estates as part of its €4.5bn purchase of Unilever’s tea division, then named Ekaterra, in 2021....
...CVC, which bought Unilever’s tea business for €4.5bn in 2021, could now explore a bid for the ice cream division, according to people familiar with discussions....
...The progress was reflected in a 60 basis point increase in the overall operating margin to 2.4 per cent....
...will probably be his final set of results at the company....
...to answer a question over the company’s profitability....
...So if you’re a Spanish or Italian supplier then there is less incentive to send [your produce] to the UK,” Ward said....
...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....
...In December, lower-income households experienced price growth of 4.5 per cent, less than the 5.6 per cent of the higher-income group....
...price rises compensated for a 0.4 per cent fall in volume of products sold in 2023.Danone is planning to sell its Russian business to a member of its Kremlin-installed management linked to the nephew of...
...The deal will be a boost for the moribund London stock market, which on Tuesday faced the prospect of losing further companies following a proposed delisting of retailer Superdry and an agreed takeover for...
...Core inflation, which strips out volatile energy and food prices, declined to 4.2 per cent in March from 4.5 per cent in February. Analysts had expected a decline to 4.1 per cent....
...still to a two-and-a-half-year low of 3.2 per cent....
...It forecasts the no-alcohol share of the overall alcohol market will grow to nearly 4 per cent by 2027....
...Makiko Ono is trying to describe the concept of yatte minahare, a fundamental part of the corporate philosophy of Japan drinks company Suntory Holdings....
...Only about a fifth of the country is used for agricultural production, according to the World Bank....
...The business currently operates from Rotterdam, alongside the food division. Shares in Unilever rose as much as 5 per cent on Tuesday, lifting the FTSE 100 company’s market capitalisation to £98bn....
...The FDF also warned that exports to the Republic of Ireland, a key destination for British-made food, would be “particularly badly impacted”....
...The BRC, which produces the figures with the consumer insight company NielsenIQ, said that food and non-food prices both fell month on month by 0.3 per cent and 0.4 per cent, respectively....
...It was always so, but it has become more awkward for companies such as Unilever, with its focus on nutrition and ambition to become “a world-class force for good in food”....
...“The amount of cocoa in a Wispa is less than in a Dairy Milk because of all the air bubbles,” explains one industry insider. These tactics do not go unnoticed by consumers....
...Global same-store sales rose 5 per cent year-on-year in the three months to January, short of consensus forecasts of a 6.4 per cent rise....
...Delivery Hero has exited completely from its fellow online food order group Deliveroo with a £77mn sale of its entire stake as consumer demand for takeaways has dwindled since the highs of a pandemic boom...
...During a severe drought in northern Mexico two summers ago, President Andrés Manuel López Obrador made an example of the brewing industry, calling on beer companies to move their operations to the less water-stressed...
...the three key macronutrients — nitrogen, phosphate and potassium — and less vital compounds....
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