Economy and finance
351 news found
Economy and financeKraft Heinz closes 2020 in profit
Revenues and profitability grow in the 4th quarter, sharp decline in profit for fiscal year 2020
Net sales increased by 6.2% in the fourth quarter more
Economy and financeNewlat Food, the bond is full
Bond issue for 200 million just signed, with Cdp anchor investor
The Italian sovereign fund Cassa Depositi e Prestiti (Cdp), in synergy with Sace, supports the growth and development plans in Italy and on the international markets of the Newlat Group, subscribing as... more
Economy and financeDeA Capital: divestiture of remaining stake in Migros completed
Overall capital gain of over 70 million euros
DeA Capital SpA announces that its subsidiary Kenan Investments (approximately 17% of the capital) has completed the sale, through accelerated book-building, of the residual stake held in Migros (equal... more
Economy and financeA coffee for Taste of Italy 2
The fund takes over the majority of Caffè Cellini from Pieri family
Taste of Italy 2, a private equity fund specialized in the agri-food sector, managed by DeA Capital Alternative Funds Sgr, has acquired a majority stake in Ekaf Spa, the largest Ligurian roasting company,... more
Economy and financeCarlsberg, 2020 sales drop of 8.4%
The Group estimates a growth in operating profit in 2021 between 3% and 10%
The Carlsberg Group has disclosed the financial results for the full year ended December 31, 2020. Overall, organic revenues reported a -8.4% amounting to 58,541 million Danish crowns. The total organic... more
Economy and financeHershey: sweet 2020, despite the Covid
Consolidated net sales of $8,149.7 million (+2.0%), net income of $1,278.7 million (+11.9%)
The Hershey Company has disclosed the financial results for the full year ended December 31, 2020. Consolidated net sales of $8,149.7 million, an increase of 2.0%, 0rganic, constant currency net sales... more
Economy and financeMilan Stock exchange, Draghi's effect on Piazza Affari
Unanimous positive opinions from financial analysts
The news of the assignment entrusted to Mario Draghi by President Sergio Mattarella to form a new government has certainly had a significant impact on the main Italian indicators. On a day that sees all... more
Economy and financeAsiago cheese grows "responsibly" in 2020
Production grows of 11% despite pandemic
The Asiago cheese protection consortium declares for the year 2020 responsible growth. The overall production of Asiago Dop, in the twelve months of 2020, responded proactively to the new needs and effects... more
Economy and financeNewlat: bonds up to 200 million
Resources to support the M&A strategy in food & beverage sector
The board of directors of Newlat Food SpA, which met today, approved the issue of an unrated, unsecured, non-convertible and unsubordinated senior bond loan for a minimum value of Euro 150 million and... more
IndustryBarilla acquires Canadian Catelli dry Pasta
An operation of approximately 107 million euros
On 29 January Barilla completed the closing of the acquisition of Catelli dry Pasta in Canada from the Spanish giant Ebro Foods. The agreement includes the Catelli, Lancia and Splendor brands and the plant... more
IndustryOrsero expects revenue consolidation
Group approves budget projections for the year 2021
On the basis of the budget projections approved for the 2021 financial year, the board of directors of Orsero SpA communicates, in continuity with the previous year, the guidance with reference to the... more
Conserved and jamsPolli towards 150 years of history
Of the 70 million jars of pesto produced, 60 are destined for export
Founded in 1872, the Tuscan company Polli will cross the milestone of 150 years of history next year. Always present in the field of pickles and pickles, in 2020 it recorded a turnover of 118 million euros... more
Catering and hospitalityPellegrini Restauration acquires MyMenu
The food delivery operator will maintain operational independence with its own brand
Following a global trend that increasingly aims at enhancing the distribution of ready meals (see, for example, the acquisition of Mindful Chef by Nestlé ) Pellegrini announces the acquisition of majority... more
BeverageDiageo communicates an encouraging recovery
Interim financial results for 2021, half year ended 31 December 2020
"We performed well, despite a very challenging operating environment, characterized by organic growth in sales during the half-year analyzed. We quickly moved towards new channels that could represent... more
Economy and financeLess and less food on Milan stock exchange
Delisting for Ima and Massimo Zanetti Beverage Group
After 25 years of listing, Ima, the multinational of automatic machines and packaging of Ozzano Emilia leaves Milan stock exchange after the success of the takeover aimed at delisting launched by the shareholders... more
IndustryStarbucks: revenue in red in the first fiscal quarter
Recorded a 5% drop
Starbucks Corporation reported results for the first quarter of fiscal year 2021, in which earnings exceeded analysts' estimates for the fifth consecutive quarter, but revenue did not meet the Group's... more
Economy and financeState aid: extension and raising of ceiling of the Temporary framework
Expiry date set at 31 December 2021
The European Commission has announced the decision to extend the temporary framework on state aid adopted on 19 March 2020 to support the economy in the context of the Covid-19 epidemic, until 31 December... more
IndustryDe' Longhi: strong growth in 2020 preliminary revenues
Double digit in all macro areas, with the exception of Meia area
In 2020 the De' Longhi Group achieved revenues of about € 2.353,1 million, above expectations and equal to a growth of 12% (13.9% in organic terms) and of 12.5% normalized, after a fourth quarter growing b... more
ForeignTop 10 insights in climate science in 2020
Ranking compiled by 57 researchers from 21 countries
A group of 57 scientists from 21 countries compile the 10 key climate findings of 2020, presented yesterday 27 Jan by the executive secretary of the United Nations Framework Convention on Climate Change... more
IndustryV-Finance partner of Borsa Italiana's "Sustainable Finance" program
The company will assist SMEs in path of sustainability
V-Finance, the company of the Ir Top Consulting Group, specialized in innovative and sustainable finance, adheres to the “Sustainable Finance Partnership” of the Italian Stock Exchange. V-Finance as a p... more
Economy and financeTwo Food startups awarded by Cdp and Digital Magics
Wenda works on food tech and FrescoFrigo in Retail
Also two food startups among the fourteen on which Cdp Venture Capital Sgr and Digital Magics have focused. The new round of investments, launched in September of last year and which involved 14 Italian... more
BeverageMahou San Miguel expands its deal with AB InBev
10 references from Beck's, Spaten and Löwenbräu distributed in Spain
The Mahou San Miguel brewery extends the marketing agreement in Spain with the Belgian multinational AB InBev, one year after the start of the collaboration between the two companies. Therefore, starting... more
BeverageUSA. Mgp Ingredients merges with Luxco
A $ 475 million deal
MGP Ingredients has agreed to acquire US alcohol producer and marketer Luxco and its affiliated companies in a $475 million deal. According to MGP, a supplier of distilled spirits and speciality wheat... more
Economy and financeGhana: cocoa beans to the GCX commodity exchange?
Assessments underway to promote local consumption, but not just it
Ghana Commodity Exchange (GCX), the Ghanaian commodity exchange, is considering listing cocoa beans on its trading platform in order to promote local consumption. This was made known by the national regulator... more
Economy and financeVenture Capital: Synergo's first fund
Closing with deposits of 30 million
Food & agri-tech is also among the macro sectors of interest. more
Oils and condimentsSpain. Anierac: sales down 2,4% in 2020
Growing olive oil, vegetable oils and olive pomace to the downside
The Spanish National Association of Industrialists and Refiners of Edible Oil (Anierac) closed the 2020 financial year with a sale of 671.4 million liters of oil, 2.4% less than in 2019. This is due to... more
WinesFrance. Cut in sales also for Rémy Cointreau
Registered -4.1% in the first nine months of 2020
Rémy Cointreau achieved a turnover of 780.9 million Euros in the first nine months of its last fiscal year, which ended in December, recording a decrease of 4.1% compared to the same period of the previous... more
CoffeeNescafé aims for 100% "sustainable" coffee by 2025
Among the objectives: to increase well-being of rural communities
Nescafé has announced that it expects to have 100% responsibly sourced coffee by 2025, as it steps up its efforts to create a more sustainable coffee sector. The company’s target is up from its current ac... more
IndustryDanone at the forefront of photovoltaics
Agreement signed for the construction of the largest renewable energy plant in Europe
Danone and Iberdrola have joined their commitments to sustainability with the signing of a long-term power purchase agreement (PPA), which will promote the development of the largest photovoltaic plant... more
Economy and financeBluebell presses Danone
Acquisition of a stake in the French company revealed
Danone reassures: "the team is focused on delivering sustainable long-term value to our shareholders" more