Fosters to return A$500m to shareholders
Fosters intends to return at least A$500m to its shareholders, as the company tries to fend off the hostile offer SABMiller (SAB) made last week.
Archives for August 22, 2011
$4bn Chinese investment is just the beginning, says Coca-Cola
Soft drinks giant Coca-Cola is investing $4bn (€2.8) in China in a bid to double revenues in the region by 2020.
Gutkha, tobacco products face ban in India
The passing of the new food safety act in India earlier this month has knelled a death bell for gutkha and tobacco-chewing products like pan masala and supari in the country after a long drawn out battle in courts.
Food giant San Miguel diversifies further
Philippines-based food giant San Miguel Corporation will acquire US-based ExxonMobil’s Malaysian business in a $610m deal signed last Wednesday.
New research collaboration for novel seaweed applications
The use of certain seaweeds in commercially viable food products could be a step closer thanks to a research collaboration with a top Australian university and Australian Kelp products, a specialist seaweed products company.
Fonterra cuts dairy suppliers to save struggling organic business
A reduction in dairy farmers and a focus on emerging markets are two strategies Fonterra is adopting in a bid to save its struggling organic business.
Seaweed may reduce blood pressure in healthy kids: Study
Consuming nutrient-dense seaweed may decrease blood pressure in healthy children and offer earlier-life strategies for preventing high blood pressure in adults, says a new study.
Australia introduces new food recall system
The recall process in Australia has received an overhaul after the introduction of a new service that is aimed at making the process more efficient and transparent.
US food processing giant ADM may acquire India’s Geepee Agri Private Ltd
According to media reports, Archers Daniels Midland (ADM), worth $81bn, could acquire Noida-based Geepee Agri Private Ltd, a major Indian edible oil maker.
Experts defend GM trials after Greenpeace attack
Bringing a halt to genetically modified (GM) food trials would undermine competitiveness, according to one expert responding to the destruction of a GM wheat trial at a CSIRO farm in Canberra.