Europe

Arla Reports Flat Full-Year Revenue Amid ‘Tough Market Conditions’

Danish dairy firm Arla ended its 2023 financial year with revenue of €13.7 billion – almost on a par with the previous financial year (€13....

Mutti Earmarks €100m For Expansion And New Products

Italian tomato-based derivatives producer Mutti plans to invest €100 million to launch new subsidiaries and products as part of its 2024-2028 Strategi...

Mondelēz Revamps European Operations After Boycotts Over Russian Business, Internal Memos Show

Oreo cookie-maker Mondelēz put new management in place at its profitable Russian business, according to two internal company memos seen by Reuters that rev...

Spain's Paella Rice Could 'Disappear', Say Farmers Angry At EU Rules

Spanish rice variety traditionally used to make paella is under threat from a fungus after the European Union banned a pesticide farmers said the...

Retailers Demand More Action From EU To Resolve Red Sea Crisis

European retail industry body EuroCommerce called on European Union institutions and member states to resolve the Red Sea crisis that has disrupted trade,...

Kerry Group Delivers 'Solid Performance' In FY 2023

Taste-and-nutrition firm Kerry Group delivered a 'solid performance' in its financial year 2023 amid a challenging environment, the company said in a preli...

Britain's Tea Supply Facing Disruption From Red Sea Crisis

Britons may have to brave a shortage of some lines of tea, one of the nation's favourite drinks, after the supermarket industry warned of a risk to supply...

Hershey And Cadbury Chocolate Makers Eye Price Hikes To Cover Cocoa Crunch

The makers of Hershey and Cadbury chocolates are planning more price hikes to cover a fresh record-setting surge in cocoa prices, even as inflation-hit con...