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the australian securities exchange has requested information from dairy firm warrnambool cheese and butter factory as to why they withheld news of the unsolicited takeover offer from the public domain. wcb received a ’speeding ticket’ yesterday from the asx querying as to whether there was any reason for the sharp surge in their share price in recent days. the company responded by saying that they had received a takeover offer - which the board had already turned down, although maintained that it was unlikely this news was responsible for the rise.

fast-food giant mcdonald’s, one of the better performed major businesses in the world during the global financial crisis has reported moderate sales growth in november. the maker of the big mac said that global comparable sales increased 0.7% in november, the lowest growth for the year.however, the australian market remained one of their best performers. “customers continue to find what they want at mcdonald’s - menu variety, convenient locations and compelling value,” chief executive officer jim skinner suggested.

australian retail food brand manager and franchisor retail food group has questioned the validity of recent media reports regarding their indian expansion plans, labelling them “grossly inadequate”. “retail food group limited (asx:rfg) has become aware of continued media reports indicating that the company will enter the indian market in 2010 and anticipates revenues in the order of us$87m from those operations within five years,” the company noted in a statement.

warrnambool cheese and butter factory has reiterated their lack of interest in the current takeover offer before them as rumours swirl as to the identity of the mystery bidder. the company received an unsolicited approach recently that was quickly dismissed by the board, although not disclosed to the market until a “speeding ticket” was issued by the asx yesterday. who can it be now? since the announcement practically every dairy company who has an interest in the australian dairy industry or has had an interest - or perhaps simply had an employee who once went on holiday down under - has been linked to the bid.

procter & gamble chairman a.g. lafley has decided to retire from the consumer products giant, almost a decade after first taking on the role. mr lafley, who became president, chairman and ceo in june 2000, will leave on february 25, 2010. his place will be taken by robert mcdonald, who took on the roles of president and chief executive officer when mr lafley vacated those positions in july. “since becoming president and chief executive officer in june 2000, a.

us chocolate giant hershey has been in contact with nestle over a possible joint bid for cadbury, according to the latest reports on the ongoing saga. an offer between the two could challenge the hostile gbp10.2bn (a$18.2bn) bid currently on the table from kraft foods, bloomberg reported. however, it is not certain that an agreement will be reached, with hershey preferring to bid alone, a source told the publication.

france’s food manufacturers and retailers have profited from falling commodity prices by not passing on the reduction in costs to shoppers, one of the country’s leading consumer watchdog’s said today (8 december). l’ufc-que choisir published a “damning” survey of food prices that it claimed demonstrated that manufacturers and retailers had not passed on falling commodity costs to consumers. the watchdog said it would press the french parliament to intervene and introduce a mechanism of calculating what the price of products on supermarket shelves based on discussions with all stakeholders.

the coalition’s decision to elevate food security to shadow cabinet today has been welcomed by the australian food and grocery council (afgc) - the leading representative of food and beverage manufacturers in the country. opposition leader tony abbott reappointed member for calare john cobb as shadow minister for agriculture, fisheries and forestry and he will take on food security as “the coalition sees this as a critical challenge for australia’s future”.

asx-listed franchisor allied brands has entered into a ten year licence agreement to launch the cookie man brand in cyprus with a local operator. the license agreement will help underpin their forecast for fy10 of npbt (net profit before tax) of $6.6 - $7.2m as outlined at the agm on november 30, the company said. it will see allied brand’s receive an up-front license fee and on-going supply of products (cookies, coffee and giftware) and ovens for the cyprus market.

compounds found in spices may reduce the risk of breast cancer formation by stopping the growth of the stem cells that spawn the tumours, says a new study. researchers from the university of michigan report that curcumin, found in turmeric, and piperine, found in black peppers, decreased the number of stem cells while having no effect on normal differentiated cells. the researchers used doses equivalent to 20 times to potency of what could be consumed through the diet – however, such potencies are possible from dietary supplements, said the researchers.