Europe

High Pasta Prices Set To Boil Over As Canada's Wheat Withers

Pasta lovers must brace to pay even higher prices for their favourite dish, as drought in Canada and bad weather in Europe damages crops of...

UK's Bunzl Expects Higher Annual Operating Profit As Own-Brand Demand Picks Up

British business supplies distributor Bunzl forecast a rise in full-year adjusted operating profit, betting on higher margins from its healthcare and hygie...

Arla Cuts Sales Forecast As Consumers Opt For Cheaper Butter, Cheese

Arla lowered its full-year sales forecast, saying inflation and the rising cost of living in Europe were prompting consumers to buy fewer or cheaper dairy...

EU Cuts Cereal And Oilseed Crop Forecasts Again

The European Commission has further reduced its outlook for European Union production of major cereal and oilseed crops this season, with maize seeing the...

Chocolate Makers' Prospects Sour As Cocoa Prices Spike

Chocolate makers like Hershey and Mondelēz face tougher trading conditions over the next year as they attempt to pass on soaring cocoa costs to cash-strapp...

Emmi Posts Sales Growth Of 4.3% In H1 2023

Swiss dairy group Emmi has reported a 4.3% year-on-year increase in sales, to CHF 2.1 billion (€2.2 billion), in the first half of its financial year.

Coty Forecasts Downbeat Annual Profit As Goods, Labour Costs Bite

CoverGirl parent Coty has forecast annual profit below Wall Street expectations, hurt by steeper input expenses, even as the company raised product prices...

EU Crop Monitor Trims Yield Estimates, Warns Of Wheat Quality Damage

The European Union's crop monitoring service has reduced its forecast for this year's average EU soft wheat, maize and rapeseed yields for a third consecut...