Economy and finance
805 news found
Economy and financeSan Benedetto approaches the billion euro mark
Mineral water group closed 2022 at 970M euros, +20%
Between catering, vitamin waters, energizing drinks to low-calorie fruit juices, San Benedetto is approaching 1 billion in revenues. The Scorzé, Venice-based beverage group closed 2022 with revenues at... more
Economy and financePepsiCo introduces itself with new logo and less sugar
First make-up after 14 years: marks the "new era" of the iconic drink
For the first time in 14 years, PepsiCo has unveiled a new logo and visual identity. A move, say the company, that marks the brand's "new era". The new design, in fact, features "a bold typeface, a signature... more
Economy and financeNestlé, 2022 marked by growth (including green)
Closed fiscal year with revenues at +8.3% over 2021: published Sustainability Report
Nestlé has released its 2022 Annual Report and Shared Value Creation and Sustainability Report. The 2022 budget closes with sales at more than 94.6 billion euros, up 8.3 percent from 2021. Operating income... more
Economy and financeElectrolux bets on Italy: 110 million for Susegana
Company proposal at coordination meeting with unions to produce a refrigerator every 30 seconds
It had been in the air for a few days and now, if not exactly confirmation, comes news of a further step forward anyway. As we anticipated in mid-March, Electrolux plans to bet on the Italian plant in... more
Economy and financeMore than 2 million seized from Italian wine union
Lombard Prosecutor's Office of the Court of Auditors puts European funds from Native grapes academy project under
Over two million euros. This is the amount seized by the Milan Prosecutor's Office of the Court of Auditors from the Italian Wine Union. The company, one of the best known in the wine industry with 709... more
Economy and financeChina shops for corn from the U.S.
Falling prices encouraged the purchase of 204,000 tons of the grain, the 8th in the last 9 working days
U.S. corn imports rise in China In the week ended March 24, China purchased 204,000 tons of U.S. corn, the eighth confirmed purchase in the last nine working days. Triggering the purchase of U.S. corn... more
Economy and financeEU raid on Red Bull headquarter
Search allegedly triggered by suspected violation of EU antitrust rules
EU antitrust authorities raided the premises of Red Bull the world's largest producer of energy drinks based in Salzburg, Austria. The raid, confirmed by Red Bull, was carried out on Monday on suspicion... more
Economy and financeAbaco for sale? Nextalia ready in pole position
The sgr would be ready to buy if Taste of Italy decides to divest the Mantua-based agricultural software company
Abaco up for sale? The time seems ripe for the Mantua-based company specializing in software for agriculture to be taken over in 2019 with a majority stake by the private equity fund Taste of Italy, a... more
Economy and financeGerman feed industry asks government for help
Production in Germany falls for second year in a row
Following yet another decline in the pig population that has affected, in turn, overall feed production in Germany, the German feed industry association is calling for guidance to ensure future safety... more
Economy and financeLactalis exits Argentina
Plant sold taken over with acquisition of Mexican Dairy Partners
French dairy giant Lactalis has sold its latest Argentine plant to a local operator for an undisclosed sum. "This Argentine site was part of a larger acquisition made in Mexico," a company spokesperson... more
Economy and financeDeA Capital Real Estate: Ashley Marks becomes Head of Capital Advisory
He will be tasked with supporting the platform's pan-European growth strategy
DeA Capital Real Estate announces the collaboration with Ashley Marks as Head of Capital Advisory for the growth of the international real estate platform. Marks has extensive wealth advisory experience;... more
Economy and financeFlo: 2 mln euros for paper cups
By 2022, the group has increased the volume of its pulp products to 40.5 percent
Flo Group, a historic brand specializing in the production of tableware and food containers, inaugurates a department entirely dedicated to the production of paper cups for vending machines thanks to a... more
Economy and financeEU: record agri-food flows in 2022 with 36.9 billion euros
Exports at +17%, imports at 34%. Trade balance at 53.5 billion euro /Attachment
In November 2022, the European Union's agri-food trade flows reached the record figure of 36.9 billion euros. Since the beginning of last year, therefore, the EU agri-food trade has reached 369 billion... more
Economy and financeCage-free farms? Consumers care little
55% of customers would only care about price; producers only care about revenue
In Europe is one of the new frontiers of healthy food that the EU, or rather Efsa, is putting forward as a flagship. It was just a few days ago that the European Food Safety Authority plans to avoid the... more
Economy and financeCarel, 2022 with revenues up 29.6 percent
Turnover at 544.9 million euros for the group that makes refrigeration systems for foodservice
The board of directors of Carel Industries, the Brugine (Padua)-based food service refrigeration systems company, approved its consolidated results for 2022, which showed a 29.6 percent growth in revenues... more
Economy and financeJust Eat closes 2022 with revenues up 4%
Turnover of 5.6 billion euros: 984 million orders processed by 90 million active consumers
Just Eat closes 2022 substantially stable compared to 2021. The gross value of transactions, i.e. the so-called gtv, the total paid by consumers with the exclusion of tips, stood at 28.2 billion euros,... more
Economy and financeCelli buys 70 percent of Spain's Exclusivas JJL
In nine years acquisition No. 13 for group active in beverage equipment sector
The Celli Group, which specializes in the design and manufacture of beverage dispensing equipment and accessories, announces that it has finalized the acquisition of a 70 percent stake in Exclusivas JJL,... more
Economy and financeSerious crisis for Bordeaux winemakers
The vignerons are asking the government to subsidize the destruction of surplus wine
Bordeaux winemakers are in crisis. Last weekend they asked the French government for financial aid for the grubbing up of vines, in the amount of 10%, in the region with a high wine-growing vocation. The... more
Economy and financeGreat Britain, also in Lidl rationed vegetables
It is the fourth chain after Asda, Morrisons and Tesco. The problem is the scarcity of products
There are four British supermarket chains that are forced to face the shortage of some vegetables traditionally imported to the island in winter from North Africa or southern Spain. Asda, Morrisons and... more
Economy and financeRetail, mergers and acquisitions will grow
According to Bain & Co. classic sales models are set to be overtaken
As a result of the Covid-19 pandemic, major retail players are expected to draw on the high levels of accumulated cash to close new Merger&Acquisition deals in 2023, taking advantage of industry multiples... more
Economy and financeEIB-EU agreement for investments in Africa, the Caribbean and the Pacific
Four billion Euros to support local economies: primarily green transition and agriculture
The EIB, the European Investment Bank and the European Commission have signed agreements for 4 billion euros to support businesses in African, Caribbean and Pacific countries up to 2027. The agreement... more
Economy and financeBayer closes 2022 on strong growth
Multinational company reports sales at 50.7 billion euros, up 8.7 percent
The Bayer Group ended 2022 with "strong growth" and a significant increase in sales and profits. Sales reached 50.7 billion euros, an increase of 8.7 percent, ebitda increased by 20.9 percent to 13.5 billion... more
Economy and financeDanone grows in the USA
Investment of 65 million dollars for the Florida plant intended for coffee and creamers
Danone will invest up to $65 million over the next two years to expand its Jacksonville, Florida facility. The announcement comes directly from Danone North America, a leading food and beverage company,... more
Economy and financeSainsbury's in the UK "discovers" vacuum packaging
Stop packaging ground coffee in trays for a saving of 450 tons of plastic a year
Vacuum packaging (or in skins) has been widespread in Italy for some time, and now even the British are "discovering" this new technique. Sainsbury's, the UK's second largest supermarket chain after Tesco,... more
Economy and financeBolognaFiere, new board of directors for listing on the Stock Exchange
President Calzolari: "Listing by 2024, an important goal for the area"
In the first meeting of the new BolognaFiere board of directors, three new entries made their debut on the board of directors: Valerio Veronesi , president of the Bologna Chamber of Commerce; Teresa Lopilato... more
Economy and financeLabomar aims at North America with Importfab
The supplement company aims to develop in Canada and the USA
Labomar thinks about the North American market. This was stated by CEO and founder Walter Bertin who has just returned from Canada. The listed company from Istrana, in the province of Treviso, specializes... more
Economy and financeDomino's Pizza closes a difficult 2022 on the up
Revenue was $1.39 billion, up 3.7% year-over-year
Domino's Pizza, the world's largest pizza company, announced results for the fourth quarter and fiscal 2022. Global retail sales grew 5.2% in the fourth quarter of 2022 and 3.9% in the FY 2022: Revenue... more
Economy and financeDanone, significant progress in 2022 thanks to rising prices
Sales up 7.8 percent to over €27.6 billion: prices up 8.7 percent
Danone ended 2022 with sales at more than 27.6 billion euros, up 7.8 percent from 24.28 billion euros in 2021. The performance takes advantage of price increases in the range of 8.7 percent. In the fourth... more
Economy and financeLa Doria, 38 million invested in green
New production line for canned legumes and panels
La Doria, controlled by the Investindustrial fund and participated by some members of the Ferraioli family, has approved an investment plan for 2023 amounting to 38 million euros, a figure that adds to... more
Economy and financeCampari: 40% growth over pre-pandemic
In 2022, the Group reported a 24% increase in sales
Gruppo Campari's 2022 budget reports "double-digit organic sales performance growth in 2022, with expansion of operating margins despite rising material prices". This is reported in a Group statement,... more
Economy and financeAssolatte: "Cheese exports at +6%"
Italian dairy business grows worldwide
Dairy continues to drive Italian exports. In 2022, total cheese exports exceeded 550 thousand tons (+6%), for a turnover close to 4.2 billion euros (+19%). Reporting the numbers is Assolatte, whose president Paolo... more
Economy and financeNewlat, 10 million invested in Cdp fund for the tech industry
The funding makes it possible to monitor innovative startups
The dairy company Newlat Food communicates the further consolidation of the strategic partnership with the CDP group, Cassa depositi e prestiti, the Italian Sovereign Fund. The new agreement provides for... more
Economy and financeAuchan under indictment: "Supplies the Russian army"
Ukrainian foreign minister points finger at French multinational, which denies it
The French retail chain Auchan is allegedly "a weapon of Russian aggression". The accusation comes directly from the Ukrainian Foreign Ministry, following an investigation report, according to which Auchan... more
Economy and financeKraft Heinz Files an "Incredible Year"
Revenues +1.7% in 2022: +447.9% in the fourth quarter alone
The Kraft Heinz Company today released fourth quarter and full year 2022 financial results. We start with the fourth quarter, which ended with net sales up 10% over the same period a year ago, reaching... more
Economy and financeRoncadin, 155 million Euros of pizzas in 2022
The Italian Company closed an "extremely demanding" year: turnover +4.4%
Roncadin closed the 2022 financial statements with a turnover of 155 million euros, up 4.4% compared to 2021. Production volumes decreased slightly, going from 100 million to 95 million pieces. This was... more
Economy and financeRestaurant brands international, 2022 in strong growth
Sales at +12% for the giant owner of Burger King. Kobza new CEO since March
RBI, Restaurant brands international reports 2022 and fourth quarter results in which global sales grew nearly 12% and more than 13% for the full year. Consolidated sales, in turn, were up nearly 8% in... more
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
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 in order to limit... 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