Food Industry News
A collection of Food latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Uber to gobble up Delivery Hero in latest food delivery deal
US ride-hailing giant Uber has struck a 12.7-billion-euro ($14.6-billion) deal to take over German food delivery behemoth Delivery Hero, the latest consolidation in the industry, the companies said Thursday. The German firm operates in over 60…
Associated British Foods rallies Thursday, outperforms market
Shares of Associated British Foods PLC ABF rose 1.96% to £20.06 Thursday, on what proved to be an all-around positive trading session for the stock market, with the FTSE 100 Index UKX rising 0.54% to 10,572.24. Associated British Foods PLC…
'Gateway to Asean': South Korea bets on Vietnam hub for food expansion
South Korean food exporters are no longer treating Vietnam as just another market for kimchi, instant noodles and premium fruit. As Southeast Asia emerges as one of South Korea's most important trading regions, Seoul is positioning Vietnam as a…
Food inflation rises for first time in a year as cost of some products doubles
Food inflation has risen for the first time in a year - with some products more than doubling in price, research from consumer group Which? has revealed. It tracks more than 27,000 prices every month across all the UK's largest supermarket.
Hormel Foods Corp. stock underperforms Thursday when compared to competitors despite daily gains
Shares of Hormel Foods Corp. HRL advanced 2.23% to $25.71 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 0.51% to 7,533.77 and Dow Jones Industrial Average DJIA falling…
Move over DoorDash, Uber's latest deal would make it the world's largest food delivery player outside China
Uber is eating the competition's lunch. With its planned $15 billion acquisition of Delivery Hero announced on Thursday, Uber is set to become the largest food delivery company outside China. Together, Uber and Delivery Hero had $236 billion in pro…
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Why iD Fresh Food redesigned its packaging and what it didn't touch
Consumers of the humble idli have a peculiar relationship with iD Fresh Food. They do not merely trust the batter within the pack. They trust the pack itself — its teal edge, its boAT -shaped curve, its familiar half-and-half design sitting…
Spice Lounge Food Works Limited: Whispers of a Massive ₹500 Cr Joint Venture with Food Giant Company
(Disclaimer: This article is based on publicly available information, company disclosures, financial statements, and market observations. It is intended solely for informational purposes and should not be construed as investment advice. Investors…
The 'world first' community sauna heated by food waste from a housing estate
On a stiflingly hot and dusty morning at the height of the summer's third heatwave, traffic thunders down the A12 arterial route through east London. A high, red-brick wall rises by the road. What few passersby will realise is that this ivy-topped…
Biggest supermarket food price rises revealed - and how much they will cost you
Households across the UK should brace for supermarket price rises, a leading consumer group has warned, as the cost of the top-rising food products are revealed. Supermarket inflation rose for the first time in more than a year in June, research by…
Cutting ultra-processed food consumption by half prevents thousands of deaths
Researchers found that up to 8,300 deaths could be prevented across Canada if the country's population halved its consumption of ultra-processed foods. Between a fifth and over a third of all heart disease -related deaths, including coronary heart…
Cal-Maine Foods, Inc. (CALM) Agrees $1.5M Settlement on Major Egg Scandal
Cal-Maine Foods Inc. (NASDAQ: CALM) is one of the best dividend stocks to invest in, according to Jim Simons' Renaissance Technologies, with a yield of 5.65%. On June 29, Cal-Maine Foods Inc. (NASDAQ:CALM) confirmed it has reached a $1.5 million…
Reds join local partners for 19th annual Strike Out Hunger food drive
As part of Reds Country Cares for the month of July, the Reds teamed up with St. Vincent De Paul, Chick-fil-A, Kroger, WLWT-TV and 700 WLW for the 19th annual Strike Out Hunger food drive on July 10-11. With a focused initiative on poverty and…
No compromise on food safety norms: Minister
The government will render all support to entrepreneurs who fully comply with the regulations under Food Safety Act, Health Minister K. Muraleedharan has said. Inaugurating the State-level training programme for food entrepreneurs organised by the…
Halving ultra-processed food intake could prevent thousands of deaths
A new study suggests that halving the consumption of ultra-processed foods (UPFs) in Canada could prevent up to 8,300 deaths. Researchers estimated that between 23 and 38 per cent of all cardiovascular disease (CVD) events in Canada in 2019 were…
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