Business news
Cadbury Schweppes steps up investment
Cadbury Schweppes Americas Confectionery has opened its new Science & Technology Center in Hanover, New Jersey. The $40 million investment will create new products for the Cadbury Schweppes worldwide gum business and its Americas confectionery region. The 148,000 sq ft facility will enable the creation and testing of new gum and candies, tasting and evaluating […]
Confectioner’s sweet reflections
Glisten, a fast-growing confectionery group making chocolate and sugar-based decorations, announced double turnover and good progress on current trading at its recent AGM. Chairman, Jeremy Hamer, said “Glisten has had a very good start to the current year with overall turnover for the first four months more than double last year and, on a like-for-like […]
Little effect from longer licensing hours
The new British alcohol licensing laws, which became effective in November, are deemed to make little difference to the drinks industry. Consumers are shifting from on-trade to off-trade drinking, motivated by the lower price and greater comfort of drinking at home. Few venues will move regular closing times by more than an hour and the […]
Midlife market missed by drinks makers
Drinks manufacturers are missing out on the midlife market, according to a new report by independent market analyst Datamonitor. Apparently, the ‘midlifers’ are aged between 25-44, disinclined to binge drinking and account for 42 per cent of Europe’s multi-billion euro alcoholic drinks market. What’s more, alcoholic drinks manufacturers continue to regard young adults as their […]
Lady Jay to head FFB
Lady Sylvia Jay CBE will become the new chair of Food from Britain in 2006. She takes over the role from Gordon Summerfield, who commented,“Sylvia Jay is an excellent appointment. Her knowledge of the food and drink industry will undoubtedly assist exporters in breaking through the £10 million barrier for the first time in nearly […]
Nestle to grow its own
The board of Nestle SA is to set up the Nestle Growth Fund with £500 million to be invested over five to seven years. This new fund is to help Nestle grow new science and nutrition businesses and ntegrate them into the group’s mainstream business units. This will contribute to the group’s expansion into health, […]
Lax laws loom as boozy Brits drink on
Soaring alcohol sales in the UK are causing concern among health ministers as imminent changes in licensing laws could allow the beverages to be sold round the clock in pubs and shops. The new licence laws, due in November, have been proposed despite reports that alcohol sales have increased by almost ten per cent in […]
Warning labels
Manufacturers of sugary foods and beverages could be forced to put warning labels on their products as, like cigarettes and alcohol, these are increasingly considered damaging to health. Soft drinks, in particular, are blamed for a nationwide increase in obesity, diabetes, tooth decay and osteoporosis. Michael Jacobson, director of the Center for Science in the […]
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