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News of restaurants and Food industries Companies
mcdonald’s and hungry jack’s to continue giving away toys with children’s meals
kfc australia removes toys from children’s meals
woolworths predicts “subdued” trading for 2012
federal government opposes palm oil labelling bill
cargill pays premium millions to cocoa farmers as sustainable sourcing grows
foster’s to return money to shareholders
coca-cola to invest us$4 billion in china
good supply chain is just as important as identification of botanical ingredients
‘it’s not a china show’ : vitafoods pan-asian vital signs are healthy
woolworths recruits supermarket chief - from tesco
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  woolworths predicts “subdued” trading for 2012  

australia’s largest supermarket chain, woolworths limited, today reported an increase in net profits after tax (npat) of 5.1% for the year ending 26 june 2011. woolworths’ outgoing ceo michael luscombe anticipated trading over the next year to be “subdued”, due to falling consumer confidence. commenting on the company’s full-year results, published today, woolworths ceo michael luscombe claimed the company’s profit increase to be a “sound result” given the “particularly challenging” retail environment in australia over the past year. mr luscombe said, “a net profit increase of 5.1% to a$2.124 billion is a sound result given prevailing macro-economic and market challenges. in australia, consumer spending stalled, individual savings levels increased, household utility costs rose sharply and interest rates increased in the first half of the financial year.consumer spending was further weakened by the unseasonably poor weather in australia during the crucial christmas trading period and the devastating natural disasters in queensland and christchurch, which incurred a$38 million in direct additional business costs. woolworths limited chairman, james strong added, “the board is pleased to announce a 6.1% increase in dividends per share to 122 cents from 115 cents. this increase exceeds earnings growth. falling consumer confidence mr luscombe said, “consumer confidence has fallen. this was seen particularly in the second half of the last financial year. therefore, it remains very difficult to predict accurately the outlook for 2012. however, we anticipate trading over the year will be subdued.woolworths announced in may 2011 the creation of a home hardware chain using the brand ‘masters’. mr luscombe said “as woolworths plans for future growth, through expansion into the circa a$40 billion home improvement market, we anticipate start-up costs for masters of up to $100 million, which will impact our overall earnings in 2012. the amount of these start-up costs is dependent upon a range of factors, particularly the pace of our new store roll out. we expect a year of further earnings growth in 2012 with npat expected to grow in the range of 2% – 6%.” michael luscombe is leaving his chief executive office role to be replaced by grant o’brien, who will assume the new position officially on 1 october 2011. -->


    Source :ausfoodnews.com.au     Date : 25  August   2011


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mcdonald’s and hungry jack’s to continue giving away toys with children’s meals

two of australia’s largest fast food chains, mcdonald’s and hungry jack’s, will not be following kfc’s lead by removing toys from their children’s meals. both told australian food news that they will continue to provide toys with their children’s meals. mcdonald’s australia’s skye oxenham said, “we don’t have any plans to remove our toys. mcdonalds australia has already done a lot in terms of introducing healtheir options to happy meals. more

 Source : ausfoodnews.com.au   Date : 26 August 2011
kfc australia removes toys from children’s meals

kfc australia will no longer provide toys with its childrenʼs meals. the fast food chain says the move will encourage its customers to make “more responsible food choices”. kfc australia’s corporate affairs manager, zac rich said, “for three years now, kfc has taken a very clear position to not advertise or actively promote our childrenʼs meals but this is the next step in removing so-called pester power at our stores altogether. more

 Source : ausfoodnews.com.au   Date : 25 August 2011
federal government opposes palm oil labelling bill

the australian food and grocery council (afgc) has applauded the decision by the federal government to oppose the food standards amendment (truth in labelling palm oil) bill 2011. the afgc is now urging the coalition to follow suit. tabled into the australian parliament as a private member’s bill by independent senator nick xenophon, the legislation was rejected by a senate committee in july, but passed by the australian federal senate through an alliance between independent senator nick xenophon, the greens and the coalition. more

 Source : ausfoodnews.com.au   Date : 25 August 2011
cargill pays premium millions to cocoa farmers as sustainable sourcing grows

cargill’s drive to secure a good quality and sustainable supply of cocoa beans is filtering down to famers in cote d\'ivoire as it has just made premium payments totalling more than us $2.2m. the cash boost is the second of its annual sustainable certified cocoa premiums that are being made to 26,500 farmers across 21 cooperatives in cote d\'ivoire. it was made for the delivery of 20,000 tonnes of utz certified and rainforest alliance cocoa between october 2010 and may 2011. more

 Source : foodnavigator.com   Date : 24 August 2011
foster’s to return money to shareholders

in its latest move to fend off a takeover bid by multinational brewer sabmiller, australian brewing giant foster’s group limited plans to return a$500 million to its shareholders through a share buyback or capital reduction. as well as announcing the buyback bid, foster’s today released its full year results which show an 8.7 per cent fall in profit and a net loss of a$89 million for the year to june 30 2011. more

 Source : ausfoodnews.com.au   Date : 23 August 2011
coca-cola to invest us$4 billion in china

the coca-cola company and its chinese bottling partners today announced a new investment of us$4 billion over the next three years, commencing 2012. by the end of 2011, coca-cola and its china bottling partners swire beverages ltd. and cofco coca-cola beverage co. ltd. will have invested more than $3 billion in china over the last three years, bringing the total investment to $7 billion between 2009 and 2014 in the largest and fastest-growing consumer market in the world. more

 Source : ausfoodnews.com.au   Date : 22 August 2011
good supply chain is just as important as identification of botanical ingredients

as demand for natural foods grows, industry has begun to look to exotic plants as a source of alternative, natural, ingredients. but how can we identify and source the right botanical compounds. professor monique simmonds, from the royal botanical gardens at kew, uk, explains that identifying a natural botanical source for your ingredients, though a big challenge, is only half of the battle in producing foods from exotic plants. more

 Source : foodnavigator.com   Date : 22 August 2011
‘it’s not a china show’ : vitafoods pan-asian vital signs are healthy

vitafoods asia trade expo will open its doors for the first time in hong kong to an expectant region in coming days – a culmination of more than two years work by the organisers of the show that has its foundation in europe. director of both events, chris lee, told shane starling why the organisers were so pleased to have attracted a multinational and intra-regional throng of more than 100 exhibitors and 2000 visitors so far, with registrations open until the show ends on september 9. more

 Source : foodnavigator.com   Date : 19 August 2011
woolworths recruits supermarket chief - from tesco

woolworths limited has recruited the current ceo of tesco malaysia as its new director of australian supermarkets and petrol. tjeerd jegen, 40, has held store operations, commercial, marketing and general management roles with three leading international retailers in seven countries. he was chief operating officer for tesco thailand before his appointment as ceo in malaysia, in early 2010. woolworths limited deputy ceo grant o’brien said, “whilst an external appointment might be viewed as an unusual one for woolworths, tjeerd is an exceptional retailer capable of adding significant value. more

 Source : ausfoodnews.com.au   Date : 18 August 2011
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