Japanese brewer Kirin Holdings has reported a 16 per cent drop in operating profit as the exchange rate hurts their Australian operations and Japanese consumption remains subdued. Despite the drop in profit,...

Morrisons become the latest UK supermarket forced to pull an advert comparing its prices to those of rivals today (5 August), after the UK ad watchdog upheld a complaint that the marketing material was...

Procter & Gamble, the maker of some of the world’s most well-known consumer brands, has booked a rise in full-year profit despite a decline in market share. The company admitted that pressure...

The August trading event for Fonterra’s internet-based sales platform has seen the price for Whole Milk Powder surge 25.8%, a sign that dairy markets are beginning on a recovery path. The trading...

Kraft Foods has announced an 11 per cent hike in profits for the second quarter, topping estimates from analysts and leading to an upgrade of their full-year forecasts. Revenues declined, however, pushed...

PepsiCo, one of the world’s largest food and beverage manufacturers, has announced an improved takeover offer has been accepted by the Boards of their two largest bottlers. Pepsi Bottling Group and...

While food prices have moderated in recent times, consumers have still shown a heightened preference for ‘penny pinching’ grocery strategies, according to research from the UK. A study from...

Tesco, the UK’s largest retailer, has begun diverting 100 per cent of the waste produced by its entire UK business away from landfill. It has achieved the target one year ahead of schedule. Methane...

The Food Business Forum, which brings together management from around 400 retailers and manufacturers operating in 150 countries, recently released a mid-year update to its annual Top of Mind report, discovering...

Suntory, the owner of Frucor and one of Japan’s larger brewers, is still considering the option of a merger with Kirin Holdings – which would create a food and beverage firm of an equivalent...