Europe

Mondelēz Treats Investors With Third Annual Forecast Hike On Firm Demand

Mondelēz International hiked its annual sales and profit growth forecasts for the third time this year, betting on consumers to continue snacking on the Or...

Smurfit Kappa Says Decline In Box Demand Continues To Slow

Smurfit Kappa has said that a decline in demand for its boxes slowed further in the third quarter, while it saw tentative improvements in its German order...

Global Brewers Reap The Rewards As Drinkers Pay More

Global brewers like Anheuser-Busch Inbev are set to benefit from better profit margins next year, analysts and investors say, because price hikes are unlik...

Nestlé Has Cut Virgin Plastic Packaging By 10.5% Since 2018

Food giant Nestlé has reduced the use of virgin plastic packaging by 10.5% since 2018 and is on track to cut the use of the material by a third by t...

Carlsberg Sweden Invests In Carbon Dioxide Recycling Plant

Carlsberg Sweden has invested in a new carbon dioxide recycling plant, which it says will help the brewer meet around 40% of its carbon dioxide requirement...

Orkla Announces Partnership With Private Equity Firm Rhône

Norway's Orkla has entered into a partnership with private equity firm Rhône to focus on investments in businesses with a transatlantic presence.

Ivory Coast Cocoa Regulator Scraps Stockpile Exemption For Bean Grinders

Ivory Coast cocoa sector regulator will not allow bean grinders to accumulate stocks beyond authorised limits during the main October to March harvest to e...

Campari Q3 Sales Miss Analysts Expectations

Italian spirits group Campari said its third quarter like-for-like sales rose by 4.4% at constant exchange rates, below analyst expectations, sending its s...