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June 12, 2021

Food Processing (NEC) (TRBC level 5)

China shares end higher as some IT firms pledge against anti-competition

Reuters
* SSEC 0.6%, CSI300 0.8% * HK->Shanghai Connect daily quota used 5.2%, Shanghai->HK daily quota used 0.7% * FTSE China A50 +0.5% BEIJING, April 14 (Reuters) – China shares rose on Wednesday, with IT firms leading the gains, as investors cheered internet platform companies pledging to avoid anti-competitive behaviours after......

English shops and pub gardens reopen in ‘major step’ to freedom

Reuters
LONDON (Reuters) – England’s shops, hairdressers, gyms and pub gardens will reopen on Monday in what Prime Minister Boris Johnson said was a “major step” towards freedom from the restrictions of the COVID-19 pandemic. Hundreds of thousands of businesses have been closed since early January when England entered a third......

After dire year England’s shops hope for end-of-lockdown shopping spree

Reuters
LONDON (Reuters) – After more than three months of enforced closure due to the COVID-19 pandemic, non-essential stores in England reopen their doors on Monday, hoping that the escape from lockdown will fuel a trading boom. FILE PHOTO: A man walks a dog in front of a closed retail unit......

South Korea’s SK Group buys 16.3% stake in Vietnam’s VinCommerce for $410 million

Reuters
FILE PHOTO: The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) – South Korea’s third-largest conglomerate, SK Group, said on Tuesday it has agreed to acquire a 16.3% stake in Vietnam’s VinCommerce, a retail affiliate......

Danone needs new independent chairman instead of Faber, says investor Artisan

Reuters
PARIS (Reuters) – U.S investment company Artisan Partners on Wednesday said that Danone needed to appoint a new, independent chairman, adding more pressure on Emmanuel Faber who holds that position at the French food company. This week, Danone said Faber – who until now has combined the CEO and chairman......

Packaged food giants push direct online sales to gauge consumer tastes

Reuters
By Siddharth Cavale, Nivedita Balu (Reuters) – Packaged food giants including Kraft Heinz, General Mills and Kellogg are pushing sales of their products to consumers directly via their own online channels, in a quest to gather more data about shoppers’ purchasing habits. FILE PHOTO: Tins of Heinz Baked Beans rest......

Nestle to put focus on growth and acquisitions

Reuters
FILE PHOTO: Nestle Chief Executive Mark Schneider talks during a news conference at the company headquarters in Vevey, Switzerland, February 13, 2020. REUTERS/Pierre Albouy/File Photo ZURICH (Reuters) – Nestle is looking to boost its growth with acquisitions this year while remaining cautious and selective, its chief executive told an investor......

Inflation not likely to hit Fed’s target through 2022, Rosengren says

Reuters
WASHINGTON (Reuters) – Inflation is unlikely to hit the Federal Reserve’s 2% target on a sustained basis at least through 2022, Boston Fed President Eric Rosengren said on Wednesday, adding that he was not concerned about an immediate jump in prices that is expected to occur as the coronavirus pandemic......

Whole Foods must face lawsuit over its honey graham crackers

Reuters
NEW YORK (Reuters) – A federal judge in Manhattan said on Tuesday Whole Foods Market must face a proposed class-action lawsuit claiming it deceived shoppers about the contents of its 365 Organic Honey Graham Crackers. FILE PHOTO: People wait in line practicing social distance at a Whole Foods Market amid......

Danone’s Faber says not ‘dogmatic’ about CEO-chairman role – JDD

Reuters
FILE PHOTO: Emmanuel Faber, Chief Executive Officer of French food group Danone, poses before a news conference to present the company’s 2019 annual results in Paris, France, February 26, 2020. REUTERS/Christian Hartmann/File Photo PARIS (Reuters) – Emmanuel Faber, the chief executive and chairman of French food group Danone, told the......

Valero joint venture to become top U.S. renewable diesel producer

Reuters
FILE PHOTO: The Valero St. Charles oil refinery is seen in Norco, Louisiana August 15, 2008. REUTERS/Shannon Stapleton HOUSTON (Reuters) – A Valero Energy Corp joint venture will become the largest renewable diesel producer in the United States in 2023 when it opens a second facility at a site in......

Investor payouts and job cuts jar with U.S. companies’ social pledge

Reuters
(Reuters) – When Randall Stephenson joined 180 of his peers leading many of the richest U.S. companies in signing the Business Roundtable pledge on the “purpose of a corporation” in August 2019, the then-chief of AT&T Inc promised to look out for the interests of all the wireless carrier’s stakeholders,......

South Korea makes unit sale condition for Delivery Hero’s $4 billion Woowa deal

Reuters
SEOUL (Reuters) – South Korea’s antitrust regulator said on Monday Delivery Hero must sell its Yogiyo subsidiary to win approval for a $4 billion takeover of Woowa Brothers that would have given it a near monopoly in the country’s food delivery market. FILE PHOTO: The Delivery Hero headquarters are pictured......

Cargill to reopen Canadian beef plant after coronavirus outbreak

Reuters
FILE PHOTO: A Cargill logo is pictured in Lucens, Switzerland, September 22, 2016. REUTERS/Denis Balibouse/File Photo (Reuters) – Cargill Inc plans to begin reopening its Guelph, Ontario beef processing plant next week on Tuesday, days after it closed the facility due to an outbreak of COVID-19 infections among workers, the......

India’s palm oil imports set to jump as tax cut lures refiners

Reuters
By Rajendra Jadhav, Mei Mei Chu MUMBAI/KUALA LUMPUR (Reuters) – India’s imports of palm oil are set to rise by as much as 100,000 tonnes a month from December after the government slashed import tax on the tropical oil, making it cheaper than rival edible oils, industry officials said on......

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