Daily food news
A business "ambassador" will promote UK food and drink exports overseas under plans launched drawn up by industry and government.
Shares in McCormick & Co. fell today (26 January) after the US-based spice maker issued a forecast for 2012 profits that was lower than Wall Street expected.
High sugar prices have helped boost annual profits at French processor Tereos.
Higher revenue from its food stores has led to improved annual turnover at Portuguese retailer Sonae.
US retailer Target Corp. has promoted John Mulligan to the position of CFO.
Spar International is in talks with retailers in the India as part of a bid to grow its store network in the country.
Findus Group has signed an agreement which gives it exclusive rights to the sale of meat substitute Quorn in Sweden, Denmark, Finland and Norway.
UK confectioner Zetar is aiming to make GBP10m in sales in Europe over the next three years after opening its first office on the Continent.
The Irish Dairy Board, the co-operative behind cheese and butter brand Kerrygold, has secured a fresh loan of EUR100m (US$131.7m) to fund its expansion.
Dairy giant Arla Foods plans to invest DKK1.88bn (US$333m) this year to increase capacity, improve efficiency and make the company more competitive.
