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Britvic to be at Forefront of Soft Drinks Recovery
Britvic has reported an 8.6% decrease in revenue to £1.412 billion and a 22.6% decline in adjusted EBIT to £165.8 million for the year ended 30 September 2020 with adjusted EBIT margin falling by 220bps to 11.7%.
Britvic is one of the leading branded soft drinks businesses in Europe. The company combines its own leading brand…
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Diageo Launches New Ten-year Sustainability Action Plan
Diageo has announced a range of 25 bold and ambitious goals in its ‘Society 2030: Spirit of Progress’ plan, designed to make a positive impact on the world by 2030, in the ‘Decade of Action’ to achieve the United Nations Sustainable Development Goals. Building on a long track-record of ESG progress globally, Diageo will focus…
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Crust and Crumb to Invest Over £5 Million
Crust and Crumb, the Northern Ireland-based bakery, has announced a major£5.8 million investment. The investment will allow the company to create 88 jobs and purchase new equipment to help it increase production of its innovative pizza products. Crust and Crumb is a leading manufacturer of chilled, frozen and gluten free dough-based products to supermarkets and foodservice…
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Bacardi Acquires Pioneering Pre-batched Cocktail Company
Bacardi, the world’s largest family-owned spirits company, has acquired 100% ownership of premium crafted and batched cocktail company TAILS. The announcement follows the successful relationship the two companies have enjoyed since Bacardi acquired a minority stake in TAILS in 2018.
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Plans to Revitalise Fresh Produce Industry in North East England
The North East of England is set to welcome a pioneering new initiative in the fresh food market which will act as a one-stop ‘hub’ for fresh produce growers, traders, and customers in the region. The new facility will supersede the existing North East Wholesale Fruit and Vegetable Market on Team Valley which has been…
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Arla Foods Ingredients Cuts CO2 Emissions – and Helps Formula Manufacturers Do the Same
Arla Foods Ingredients has achieved CO2 savings of around 60,000 tonnes a year by using energy from biogas. Meanwhile, the company is investing in its dry blend lactose production capacity, helping infant formula manufacturers cut their emissions by as much as 25%. The two initiatives are part of Green Ambition 2050, the sustainability strategy of parent company,…
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Cargill Invests in Leading Life Sciences Venture Capital Fund
Cargill, the global food, agricultural, financial and industrial products company, has announced a significant investment in Seventure Partners’ Health for Life Capital II fund. The investment marks the company’s latest effort to harness its deep expertise and knowledge in nutrition, digestive and immune health with cutting-edge companies to bring next generation ingredient solutions…
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Kerry Releases Valuable Guide to New Trends in Snack Bar Development
Kerry, the 'taste & nutrition company', has released a research white paper on the exciting emerging topic of protein snack bar development and manufacture. Entitled “Choosing the Right Protein for Your Snack Bar,” the paper examines the rapidly expanding market for snack bars that provide a quality hit of protein and a wide variety…
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