MGPI narrows loss, aims to ease corn cost impact
Corn costs continued to hit MGP Ingredients’ results in the second quarter, although it narrowed its loss from $10.3m a year ago to $850,000.
Archives for August 9, 2012
Molson Coors to launch Carling in Central Europe via StarBev business?
Molson Coors CEO Peter Swinburn says the company is scoping the possibility of extending its best-selling Carling brand to central European regions covered by $3.4bn acquisition StarBev.
Meat behind drop in profits for Cargill
US processing giant Cargill has reported another profit plunge, with fourth-quarter and fiscal 2012 earnings below company expectations.
Post cereals takes hit to profits; fears 2013 grain inflation
US cereal firm Post Holdings has reported a 5% fall in profits in its third quarter (Q3) results and fears ingredients cost inflation in 2013.
Nestlé results fall out: analysts comment
Analysts raised warnings about aspects of Nestlé's half year results, which were announced yesterday, while broadly welcoming them.
New Canadian guidelines target single food inspection system
The Canadian government has released draft guidelines for improvements to the food safety inspection system, including a single, consistent approach to all food commodities, whether Canadian or imported.