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News of 1 September month year 2010
update on products free of colours associated with hyperactivity
views wanted on dihydrocapsiate
views wanted on taxifolin
heinz looks to emerging markets for growth
Thursday 24 May 2012
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  heinz looks to emerging markets for growth  

johnson also indicated that heinz's second-quarter earnings could fall below analysts' estimates, though the company stood by its full-year forecast. "the near-term economic outlook for the u.s. and europe remains pretty dreary, marked by high unemployment and low consumer confidence," johnson said during a conference call on wednesday following the release of the company's first-quarter earnings. "many consumers have gone into what i like to term as economic hibernation, eating at home more often, eating out less, reducing spending and worrying more about the future," he said. johnson said the company, maker of heinz ketchup and ore-ida french fries, is focusing on areas where it can see the best long-term returns. the company has relied on growth in emerging markets, which accounted for almost 18 percent of its sales in the quarter ended july 28. that helped offset performance in the u.s. market where retailers and manufacturers have resorted to steep promotions to lure cash-strapped consumers. heinz sees more acquisition opportunities in emerging markets now than in the last five yeas, johnson said. "we are not spending much time looking for m & a opportunities in the united states and western europe. our focus is almost entirely on the emerging world," he said. while johnson would prefer to buy a smaller business and grow it, he did not rule out making a larger acquisition. emerging markets goal heinz has said it plans to generate at least 20 percent of its global sales from emerging markets by 2013, but it may be possible to reach that goal sooner, johnson said. sales in emerging markets like russia, india and indonesia rose 21.9 percent in the first quarter, excluding the impact of acquisitions, divestitures and currency fluctuations, compared with global growth of 3.6 percent, the company said. sales rose 4.8 percent at north american retailers, with volume up 5.3 percent. but prices were down 2.7 percent, and a quarter of the volume increase came from sales at wal-mart stores inc, which discounted heinz ketchup to attract customers. gross margin rose to 36.6 percent from 35.7 percent a year earlier. heinz confirmed the preliminary earnings data it released tuesday. net income rose to $240.4 million, or 75 cents per share, in its fiscal first quarter from $212.6 million, or 67 cents per share, a year earlier. sales rose 1.6 percent to $2.48 billion. johnson said he expected second-quarter profit to mirror that of the first quarter. analysts on average forecast 81 cents a share for the quarter, according to thomson reuters i/b/e/s. heinz shares were up 3 cents at $46.27 in morning trade on the new york stock exchange.


    Source :flex-news-food.com     Date : 1  September   2010    Category : food industries Economic


update on products free of colours associated with hyperactivity

the agency has updated its list of product ranges that do not contain the six food colours associated with possible hyperactivity in young children. another three manufacturers producing product lines free of the colours have been added to the list: mrc, pertwood organic cereals co. more

 Source : food.gov.uk   Date : 1 September 2010   Category : Codiments,Desserts,food additi
views wanted on dihydrocapsiate

a japanese company has applied to the food standards agency for approval to market dihydrocapsiate as a novel food ingredient. a novel food is a food or food ingredient that does not have a significant history of consumption within the european union before 15 may 1997. dihydrocapsiate occurs naturally in chilli peppers. more

 Source : food.gov.uk   Date : 1 September 2010   Category : restaurants and Food industrie
views wanted on taxifolin

a russian company has applied to the food standards agency for approval to market taxifolin as a novel food ingredient. a novel food is a food or food ingredient that does not have a significant history of consumption within the european union before 15 may 1997. taxifolin is extracted from a type of larch wood and has been marketed in russia and the us for 15-20 years as a food supplement. more

 Source : food.gov.uk   Date : 1 September 2010   Category : restaurants and Food industrie
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