ARCHIVES
Overnight global snapshot - Jan 15
15 January 2018
France’s Lactalis widens baby milk product recall in salmonella scare
Privately-owned French dairy group Lactalis is widening a product recall to cover all baby milk manufactured by a factory at the centre of a salmonella contamination, Finance Minister Bruno Le Maire said on Friday, Reuters reported.
Overnight global snapshot - Jan 12
12 January 2018
Shares of Tesco drop on disappointing quarterly sales
Shares of Tesco dropped after Britain’s largest grocer posted disappointing quarterly sales for the holiday season.
Overnight global snapshot - Jan 11
11 January 2018
Sainsbury shares rise on third-quarter sales, full-year earnings outlook
Shares of J Sainsbury gained after the British supermarket chain said it now expects full-year profit “moderately ahead” of expectations, even as it warned that conditions in the year ahead will “remain challenging.”
Overnight global snapshot - Jan 10
10 January 2018
Shares of Morrison’s climb as holiday sales exceed estimates
Shares of Wm Morrison Supermarkets climbed after the UK supermarket chain reported better-than-expected sales over the holiday period.
Overnight global snapshot - Jan 9
9 January 2018
Russia will contest EU trade sanctions claim in WTO dispute: Reuters
Russia said on Monday it would contest efforts by the European Union to impose 1.39 billion euros (US$1.67 billion) in trade sanctions over a World Trade Organisation dispute, Reuters reported.
Overnight global snapshot - Jan 8
8 January 2018
Trump to address biggest US farmer organisation amid concerns on trade
US farmers are looking for a sign from President Donald Trump that their issues mean as much to him as their votes do, Bloomberg reported.
Overnight global snapshot - Dec 22
22 December 2017
Nestle expects to sell US confectionery business in first quarter
Nestle expects to sell its US confectionery business in the first quarter of 2018, following a review launched earlier this year as part of efforts to improve performance at the world’s largest packaged food company, Reuters reported.
Overnight global snapshot - Dec 21
21 December 2017
US appetite for cereal, snacks bolster General Mills sales, outlook
General Mills reported better-than-expected quarterly sales and upgraded its full-year sales outlook, bolstered by US appetite for its cereal and snacks.
Overnight global snapshot - Dec 20
20 December 2017
Prepare for fresh deals in US food industry next year: Bloomberg
The US food industry has announced US$42 billion in deals this year, but it could just be a taste of the next wave of consolidation coming in 2018, according to Bloomberg.
Overnight global snapshot - Dec 19
19 December 2017
Campbell Soup agrees to buy Kettle Chips maker Snyder’s-Lance
Campbell Soup agreed to buy Snyder’s-Lance, whose brands include Cape Cod potato chips and Snyder’s pretzels, for about US$4.9 billion as it seeks to expand into the faster-growing snacking category.
