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Editor's choice: the highlights on just-food this weekA raft of first quarter and first half results kept the pages of just-food turning this week, and the fragile recovery being seen in the global economy is being mirrored by some encouraging signs in our sector. Heinz, Kerry Group, Carrefour and Del Monte all came out in credit.RUSSIA: Carrefour considers re-entering market - reportCarrefour's CEO Lars Olofsson said the company is considering re-entering Russia after pulling out of the country earlier this year, according to reports.US: Campbell Soup records "strong" earnings growthCampbell Soup Co has delivered strong earnings growth in what it described as a "challenging year".Promo Tracker: Tesco, Asda, Sainsbury's promotions growThe number of total SKUs on promotion at Tesco, Asda, Sainsbury's and Ocado increased during August, continuing the trend from July, according to the latest just-food Promo Tracker.Russia: Government may extend grain export ban - reportRussian prime minister Vladimir Putin has called for an extension on the country's ban on grain exports until late 2011, according to reports.FRANCE: Competition Authority approves Sodiaal's takeover of EntremontFrance's Competition Authority has given the go-ahead to dairy co-operative Sodiaal's proposed acquisition of cheese maker Entremont Alliance.CZECH REPUBLIC: Tesco to launch Clubcard programmeTesco has announced it will launch its Clubcard loyalty programme on 6 September in the Czech Republic.CZECH REPUBLIC: Zabka to close 10 outletsRetail chain Zabka, owned by Slovak financial group Penta, will close approximately 10 under performing stores in the Czech Republic.UK: La Buena Vida launches tapas rangeLa Buena Vida has launched its tapas at home range in the UK.BRAZIL: Actis invests in Companhia Sulamericana de DistribuicaoPrivate equity firm Actis has invested US$58m in Companhia Sulamericana de Distribuicao (CSD), the operator of Brazilian supermarket chains Sao Francisco and Cidade Cancao.RUSSIA: Pilgrim's resumes shipments to RussiaPilgrim's Pride said it will resume export shipments to Russia tomorrow (4 September).Quote, unquote: just-food's week in wordsThe week saw a raft of quarterly and half-yearly reports from firm's including Heinz, Campbell Soup and Del Monte.IRELAND: Fyffes books slide in H1 profitsIrish produce group Fyffes said trading conditions were difficult for much of the first half of the year as it booked a drop in profits.just the facts - Heinz first quarter resultsHJ Heinz this week reported "solid" first-quarter profit growth, driven by double-digit sales growth in emerging markets and North America. Here we take a closer look at the results.In the spotlight - Heinz Q1HJ Heinz reported a rise in first quarter profits this week as sales in developing markets soared.UK: Spar sees growth in fresh and private labelSpar UK posted a 3.1% sales rise for the first quarter due to significant growth across its fresh food, wine and own-brand ranges.UK: Gov't reveals food labelling policy department changesThe UK government has announced that from today it has made changes to which departments have responsibility for food labelling policy.FRANCE : Beef farmers action targets prices, imports and supermarketsFrench beef farmers trade body, the FNB, is calling for a 20% increase in producer prices and has launched a campaign of action to heighten awareness of the problems facing the sector and rally consumers to its cause.On the money: Del Monte confident of consumer division growthUS food group Del Monte Foods is optimistic that its consumer business will bounce back in the second half.RUSSIA: Cherkizovo plans two new pork plantsMeat producer Cherkizovo has begun building two new greenfield pork farms in the Tambov and Voronezh regions of Central Russia.© 2010 All content copyright just-food.com. Published by Aroq Ltd. |
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