Hints and tips:
...Here’s Goodbody: Cranswick provided a Q1 trading update this morning reporting a strong start to the year with c.19% LFL sales growth (25% inc. acquisitions)....
...One area of weakness for Berkshire proved to be its McLane wholesale food distribution unit, which it blamed on tough competition. It said sales declined in the period after it lost customers....
...For Starbucks, the sale of the rights to its consumer and foodservice brands — which include Seattle’s Best Coffee and Teavana tea — to Nestlé is aimed at accelerating the brand’s international growth in...
...Post said that it expected the deal to beef up its refrigerated side-dish offerings, giving it a portion of the breakfast sausage market in addition to boosting its presence in commercial foodservice....
...Meanwhile, Kirk Tanner, chief operating officer of Pepsi’s North American beverages and global foodservice will become president and chief operating officer of the company’s North American beverage....
...However, Mr Gelb noted profits from non-insurance operations such as McLane, a grocery delivery business, and a cluster of manufacturing companies, were a little weaker than he had expected....
...US foodservice group Middleby has published a huffy statement urging Aga shareholders to “consider the motivations of the approach for Whirlpool” for the historic Midlands range maker....
...Barclays, the UK bank, has similarly seen a 1 per cent increase in the number of women in senior roles year on year for the past three years, according to the group’s head of diversity, Mark McLane....
...convenience cuisine has increased, with the proportion of food spending on dining out or eating ready-to-cook dishes now at about 44 per cent, from less than 30 per cent in the mid-1970s, according to Foodservice...
...With an enterprise value of $26bn, Sysco is the leading US foodservice distributor, the business of delivering supplies to restaurants, hospitals and other institutions....
...After Mr Barg moved to Singapore, Citigroup poached Will McLane from his role as head of financial institutions coverage at Morgan Stanley in Hong Kong to become head of investment banking for southeast...
...Morgan Stanley declined to comment on Mr McLane’s move....
...Chuck McLane, chief financial officer, said Alcoa had “an excellent first quarter”....
...Foodservice continues to see solid growth but the recent strength of Compass shares meant they were being “priced to perfection,” even though the scope to improve profitability was diminishing, it said....
...Mr McLane spelt out numerous steps that the company has taken to alleviate inflationary pressures, such as new sources of raw materials....
...But research from Horizons, the foodservice consultancy, shows Britons cutting back this year: a survey of 1,400 UK residents published last week found people had reduced the number of times per week they...
...Starting initially with three of its companies – US Foodservice, Sealy and Primedia – KKR and the Fund have developed a “Green Portfolio” within the firm’s portfolio of companies....
...About Bird Eye Foods, Inc....
...However, other big fallers included stakes in Energy Future Holdings, the Texas electricity utility formerly called TXU, which dropped by half to $908m, and US Foodservice, the food distribution company,...
...Its portfolio includes, Rexel, the electrical supplies distributor and US Foodservice, the food distribution and deliver company....
...sector, Mr Crowther started managing pubs in 1990 and rose to become general manager for Allied Domecq, then general manager of northern European beer markets for Diageo and managing director of Brakes Foodservice...
...Approaches in 2006 from US competitors Middleby – at 195p – and then Manitowoc – at 220p – were followed by one from UK rival Aga Foodservice at below 200p....
...“This higher offer underlines the regard which Enodis has built in the global foodservice industry,” said Peter Brooks, chairman of Enodis....
...Sales on a unit case basis of both sparkling and non-sparkling drinks were flat for the quarter in North America, with foodservice and hospitality sales down 4 per cent, and retail sales up 2 per cent....
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