Food & Beverage

Latest Food & Beverage sector features, company profiles, and executive interviews from across Europe and the Middle East.

Latest Food & Beverage Corporate Stories

C&C Group Plc : Raise your glasses

C&C Group have developed a multi-beverage model that is true to their ethos of being a truly local producer.

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Badel 1862 : The Spirit of Croatia

Badel 1862 have taken the best techniques from their past and merged them with current methods in order to produce spectacular drinks.

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Amrest : Everything is Possible

The long standing significance of the "Everything is Possible" mantra for AmRest emulates the entrepreneurial spirit of the company.

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EU Becomes World’s Top Food Exporter

A report from the European Commission on the global farming market has revealed that the EU has beaten the US and become the world’s top exporter of agricultural and food products.

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Motley Fool | Brewers Face Hard Choices in Hard Cider

The hard cider market nearly doubled last year because Boston Beer (NYSE: SAM) so completely dominates the industry with its Angry Orchard brand that it largely alone moves the needle.

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C&C Shares Jump as Firm Eyes up Craft Beer Market

Shares in C&C jumped the most in more than five years yesterday as the drinks company boosted its dividend and said the Irish market was now “on the right trajectory”.

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Unilever to Sell Sauce Brands to Mizkan for $2.15 Billion

Unilever (UNA) has said goodbye to its Ragu and Bertolli pasta sauce business, agreeing to unload it to Japanese food manufacturer Mizkan Group for about $2.15 billion.

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C&C Profits From 30% Revenue Rise

Drinks group C&C has reported its fifth consecutive year of earnings growth, and is targeting a mid-single digit operating profit increase in its current financial year. The Dublin-based group — whose chief revenue streams are the Irish cider market and the Scottish lager market, via its Bulmers/Magners and Tennent’s brands, yesterday reported net revenue growth of 30%, to €620.2m for the 12 months to the end of February. Pre-tax profit grew by 6% to €116.2m, while pre-exceptional operating profit (integration costs led to an exceptional charge of nearly €21m) grew by 10.6% to €126.7m. Adjusted diluted earnings per share grew by just under 6% to 29.5c. Growth was mainly driven by the aforementioned Scottish and Irish divisions. In Ireland, C&C’s long alcoholic drinks volumes were up 1.1% and outperformed a flat market. Irish divisional operating profit rose by 9.4% to €43m, with net revenue up by 2.2% at €94.2m. Cider net revenue, alone, was up by nearly 2% in Ireland. While the Magners brand saw a 10% volume decline, C&C said its cider performance in Britain stabilised in the second half of the year. Net revenue in the UK Cider division fell by 15% to €112.8m, with operating profit down by nearly 30% to €20.7m, but Magners performed well and grew its market share in Scotland. Profits, at the group’s international export business, were up by nearly 70%; while management expressed confidence in its cider prospects in the US, despite under-performing the market in the past year.

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C&C to Consider Share Buyback this Year

Stephen Glancey, chief executive of Bulmers maker C&C, told analysts it would consider launching a share buyback this year as its share price rose by more than 6 per cent.

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