Economy and finance
519 news found
Economy and financeNestlé, sales rise but profit falls
Revenues up 8.4 percent in 2022: analysts' forecasts disappointed
Not pleasing the market were Nestlé's 2022 results, which reported sales growth of 8.4 percent to 94.42 billion Swiss francs (about $ 102.4 billion), up from $ 94.3 billion a year earlier. The performance,... more
Economy and financeElectrolux countermand: Italy also in danger. Rsu ready to strike
After the plant closure in Hungary, could it be the turn of one of the five Italian plants?
Those who interpreted the closure of the Electrolux plant in Nyíregyháza, Hungary, as a sign of peace for Italian factories were wrong (see article Electrolux in crisis but Italy (for now) is saved). T... more
Economy and financeEU Economy Forecast: Is the Worst Over?
Growth prospects in the euro area at 0.9%. However, high energy costs continue to weigh
Overall inflation is expected to fall from 9.2% in 2022 to 6.4% in 2023, down to 2.8% in 2024. more
Economy and financeTomato: Princes Industrie rewards top suppliers
The British group has distributed 4.5 million euro prize money to Apulian farmers
Princes Industrie Alimentari (Pia) discussed the 2022 tomato campaign with its agricultural partners, handing out awards for product quality and sustainability. The meeting took place at the Foggia headquarters... more
Economy and financeFruit Logistica 2023: Table Grape Cadastre presented
The project currently involves 35 production organisations covering a total of 8000 hectares
The Table Grape Cadastre was launched this morning at Fruit Logistica in the collective area Italy The Beauty of Quality. The project bears the signature of CUT, the Italian Table Grape Commission, and... more
Economy and financeSouth Africa: food security at risk due to water and energy shortages
Revise zero-rate basket, calls for nation's largest poultry producer
Deepening crisis plunges industry into: in the impossibility of water and electricity supplies, it will become arduous to grow maize and soybeans for feed for local poultry, the country's primary source... more
Economy and financeDown with Tyson, world's second-largest meat producer
U.S. brand ends first quarter with net profits slumped from $1.12 billion to $316 million
It is one of the first U.S. brands to have participated in the testing and marketing of test tube meat in the United States (see article Test tube meat, first okay from U.S. Fda). Now, however, Tyson Foods,... more
Economy and financeFine wine: Sotheby's closes with €121 million
Auction sales up 9 percent over 2022, according to an analysis
Fine wine also holds sway at auctions. This is reported in an analysis by the Pambianco Observatory on the wine sector. The study highlights how for the sector, 2022 was "a wonderful year for fine wine,"... more
Economy and financeDanone opens new research and innovation center in Paris
Five floors and 900 sqm for Daniel Carasso hub
Following the appointment of the three new deputy directors and the change in the French company's management structure (see article Shake-up at Danone) and the sale of some brands (see article Danone... more
Economy and financeDanone opens a new research and innovation center in Paris
Five floors and 900 m2 for the Daniel Carasso centre
After the appointment of the three new deputy directors and the change in the managerial structure of the French company and the sale of some brands, now the multinational French del food officially opens... more
Economy and financeIreland insists on anti-alcohol labels, Rome holds back
The Ministry of Health confirms that in "2 or 3 months" it will be able to initiate the law
<br id="isPasted">Ireland is going its own way with regards to the idea of integrating health indications on possible harm into alcohol labels, and Italy is preparing for a battle on all possible fronts... more
Economy and financeHershey closes out one of the strongest years ever
Revenue 2022 at $10.4 billion up 16.1 percent and sales up 12 percent
Hershey Company, one of the world's chocolate giants, today announced its results for the fourth quarter and full year 2022 ended Dec. 31. Just a few items suffice to highlight that we are talking about... more
Economy and financeCNH, delisting from Piazza Affari and record results in 2022
The Exor tractor factory remains listed only in New York: last year revenues up 26.7%
Cnh Industrial leaves Piazza Affari. The tractor group of the Exor galaxy has announced its intention to proceed with the delisting from Borsa Italiana by the beginning of 2024. The group will remain listed... more
Economy and financeEIB, Italy first EU country for green loans
In 2022, 55% of total resources disbursed to our country for the fight against climate change and environmental sustainability
In 2022 Italy was the first country for loans and resources managed by the EIB Group. This was stated in an official statement by the group made up of the European Investment Bank and the EIF, the European... more
Economy and financeDole sells its vegetable division to Chiquita
The deal is worth approximately $ 293 million
Dole sells its fresh vegetable division to a subsidiary of Fresh Express, a subsidiary of Chiquita Brands International. The deal is worth approximately $293 million and is subject to "some adjustments."With... more
Economy and financeConsumer prices 2023: inflation in sharp decline
However, widespread tensions remain on the prices of processed food goods, and other goods and services /Annex
According to preliminary estimates, in January 2023 the rate of change of the Italian consumer price index for the whole nation (NIC) was +0.2% on monthly basis and +10.1% on annual basis (from +11.6%... more
Economy and financeMcDonald's ends year on a high note thanks to pricing policy
2022 revenue at $23.2 billion, net income of $6.17 billion
McDonald's has beaten Wall Street estimates on quarterly profit. The U.S. burger giant announced it ended the fourth quarter with net income of $ 1.9 billion (or $ 2.59 per share), up from $ 1.64 billion... more
Economy and financeClabo showcases an upbeat 2022
The company that serves bakeries and cafes closed with revenues up 15.8 percent. Good performance in the U.S.
Consolidated revenues of 58.8 million euros, up 15.8 percent from the previous year, and sales of 51.4 million euros, up 16.2 percent. These are the highlights of the 2022 financial statements of Clabo,... more
Economy and financeWalmart increases wages in US hypermarkets
About 340 thousand employees in 3,000 stores will benefit
Walmart, the U.S. retail giant, has decided to increase the average hourly wage for workers in its stores starting next February. The new increases will bring the average hourly wage to $ 17.5 from the... more
Economy and financeChanging of the guard for Nestlé UK and Ireland
From March 1st 2023 Richard Watson will be the new CEO replacing Stefano Agostini who becomes head of Europe
Nestlé appointed Richard Watson as the new Chief Executive Officer for the UK and Ireland. The current CEO Stefano Agostini will become responsible for the confectionary sector for the Nestlé Europe Z... more
Economy and financeEvertis opens first plant in Italy for food packaging
The company invests 13 million; at least 50 new jobs are expected
The Img Group, present in the polymer industry since 1959 and pioneer of PET film extrusion, will make a greenfield investment in Friuli Venezia Giulia. The announced operation provides for investments... more
Economy and financeIncrease the price of agricultural goods in the EU
Eurostat, price increases by 24% between 2021 and 2022: cereals (+45%), eggs (+43%) and milk (+31%) skyrocket
First estimates of agricultural price indices for 2022 indicate that they were substantially higher than 2021 for almost all the main product categories as well as for key agricultural inputs. There were... more
Economy and financeItalian sparkling wine record abroad
By the end of 2022, 700 million bottles had been uncorked
After New Year's Eve, it's time for first balance sheets. First of all for the Italian bubbles. The first data claim that the historic record for made in Italy toasts was reached in the world in 2022.... more
Economy and financeRiverside Cooks Up Italian Pasta Investment
Take over Canuti and create a pole with Il Pastaio di Brescia
The Riverside Company, a global private investor focused on the smaller end of the middle market, has acquired Canuti Tradizione Italiana S.r.l., a family-owned producer of frozen pasta serving the food... more
Economy and financeHoney, Idea Agro takes over Apicoltura Vangelisti
The family will retain a minority stake. Appointed new CEO
Idea Agro, a private equity fund in Italy entirely dedicated to investments in agribusiness and agricultural development projects, managed by Dea Capital Alternative Funds SGR, has acquired an 85% majority... more
Economy and financeReal estate, Dea Capital RE creates first pan-European fund
Collection objective of up to € 500 M, to invest in offices and assets for hospitality and retail use
DeA Capital Real Estate SGR has announced the establishment of its first pan-European fund dedicated to institutional investors: DeA Capital Real Estate Investment Fund I, with a collection target of up... more
Economy and financeInvestindustrial/2. Acquired Parker Food group
Today concluded the agreement with Riverside company for the company of special ingredients with high added value
The summer of Investindustrial is not over (see other article), which today acquired the American Parker Food group from Riverside company. It is a leading company in the development and production of... more
Economy and financeUSA shopping for Investindustrial
$ 950M deal for the acquisition of TreeHouse Foods
"Very hot" mid-August in the United States for Investindustrial (see also other article). As an official statement indicates, an indirectly held investment company (Investindustrial VII L.P.) has signed... more
Economy and financeBlu Banca and Sace finance Cilento
Loan of 5 million euros for the new plant
New 7,500 m2 high-tech production plant in Cellole, near Caserta. This is the number one goal of Cilento, a Campania company that produces POD Campania Buffalo Mozzarella, Buffalo Burrata and Buffalo Ricotta.... more
Economy and financeExport, record of the Italian agri-food districts in the 1st quarter
According to the Intesa Sanpaolo report, the share of EUR 6B has been reached (+15.4%)
In the 1Q2022, exports from the Italian agri-food districts reached a record value of EUR 6 billion, up by 811 million (+ 15.4%) compared to the same period of 2021. The result partly reflects the inflationary... more