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Food and Beverage Food Products

  • Stage set for Tesco/Unilever spat: Analyst

    Martin Deboo, consumer goods analyst at Jefferies, weighs in on the price dispute between Tesco and Unilever, saying that "the stage is set for a spat."

  • CHICAGO, Oct 12- Flooding from Hurricane Matthew has killed up to 5 million poultry birds in North Carolina, most of them chickens, the state's top environmental official said on Wednesday, hurting a major contributor to its economy. North Carolina officials have been racing to help farmers swamped by Matthew and to assess damages since the storm dumped heavy...

  • SYDNEY, Oct 12- Australia's largest poultry producer Inghams Group Ltd will list on the share market next month with an equity value of up to A $1.5 billion and is on course to be the country's largest initial public offering this year. U.S. private equity giant TPG Capital Management LP, will sell between 50 percent and 70 percent of the firm in the IPO, at an...

  • SAO PAULO, Oct 11- Brazil's northeastern poultry producers say they are not planning short-term purchases of U.S. corn, despite the government's recent decision to clear genetically modified varieties for import to ease tight supplies locally. Gulf ports and would benefit from cheaper freight costs than importing from Argentina. "We had already closed deals...

  • CHICAGO, Oct 10- The U.S. daily hog slaughter on Monday dropped more than 50,000 head, which industry sources attributed to possible plant closures in the Carolinas after Hurricane Matthew deluged the East Coast over the weekend. Smithfield Foods, the world's largest pork processor and hog producer, said its employees were working around the clock to determine...

  • Manhattan Beach, California- based Beyond Meat sells plant-based burger patties, heat-and-eat meals and non-GMO soy and pea protein frozen foods at grocery chains such as Whole Foods Market Inc, Publix, Albertsons Cos Inc's Safeway. Other investors in the company include Bill Gates, the Humane Society of the United States, General Mills Inc's venture capital...

  • HUNTLY, Scotland, Oct 8- Sterling's plunge since Britain voted to leave the European Union has pushed up costs so much for Scottish shortbread maker Bill Dean that he may have to lift prices to balance the books. Already Dean, who employs 150 people at his factory in the rural northeastern county of Aberdeenshire, has a 3 million pound investment plan on hold and...

  • HUNTLY, Scotland, Oct 8- Sterling's plunge since Britain voted to leave the European Union has pushed up costs so much for Scottish shortbread maker Bill Dean that he may have to lift prices to balance the books. Already Dean, who employs 150 people at his factory in the rural northeastern county of Aberdeenshire, has a 3 million pound investment plan on hold and...

  • Tyson Foods shed nearly 9 percent Friday after Pivotal Research lowered its rating on the company's stock to "sell" from "buy."

  • CHICAGO, Oct 7- Smithfield Foods Inc will shutter a North Carolina hog processing facility, the world's largest, on Saturday to protect employees from Hurricane Matthew, a supplier said, as farmers braced for the storm's potential lashing. Matthew has fueled concerns about the safety of livestock and farm workers along the coast from Florida through Georgia...

  • Oct 7- Canada Goose Inc, a maker of luxury winter down jackets, is interviewing banks to help prepare for an initial public offering that could value the company at as much as $2 billion, sources familiar with the matter said on Friday. An IPO of Toronto- based Canada Goose would demonstrate the explosive growth the company has experienced, following its transition...

  • CHICAGO, Oct 7- Smithfield Foods Inc will shutter its hog processing facility, the world's largest, on Saturday to protect employees in North Carolina from Hurricane Matthew, industry sources said on Friday, as farmers braced for the storm's potential lashing. Matthew has fueled concerns about the safety of livestock and farm workers along the coast from...

  • The lawsuit filed last month alleged that Tyson colluded with Koch Foods and others in the broiler chicken business to reduce production since 2008.. Pivotal Research Group analyst Timothy Ramey said he was not alleging that Tyson colludes on chicken pricing or production. The company's annual profit has grown from $86 million in 2008 to $1.22 billion last...

  • CHICAGO, Oct 7- Smithfield Foods Inc will shutter the world's largest hog processing facility in Tar Heel, North Carolina, on Saturday, due to Hurricane Matthew, industry sources said. It is owned by China's WH Group Ltd.. The plant has a daily slaughter capacity of 32,500 hogs, according to National Hog Farmer magazine.

  • Oct 7- Shares of Tyson Foods Inc, the largest U.S. meat processor, fell as much as 11.5 percent to $65.85 on Friday after a brokerage report said a class action lawsuit against the company alleging collusion might have merit. The lawsuit filed last month alleged that Tyson colluded with Koch Foods and others in the broiler chicken business to reduce production...

  • Officials issued a state of emergency for parts of Florida, Georgia and the Carolinas for the Category 4 hurricane that by Thursday afternoon had already taken the lives of 140 people, mostly in Haiti. Though forecasters like senior meteorologist Drew Lerner of World Weather Inc said damage to Florida's sugar and citrus crops would likely be limited,...

  • Officials issued a state of emergency for parts of Florida, Georgia and the Carolinas for the Category 4 hurricane that by Thursday afternoon had already taken the lives of 140 people, mostly in Haiti. Though forecasters like senior meteorologist Drew Lerner of World Weather Inc said damage to Florida's sugar and citrus crops would likely be limited,...

  • Whole Foods takeout coming?

    "Fast Money" trader Dan Nathan breaks down a bullish options trade in Whole Foods amid rumors of a Kroger acquisition.

  • SAO PAULO, Oct 6- Latin American currencies mostly weakened in early trading on Thursday as traders awaited a widely watched U.S. employment report due on Friday for clues over when interest rates will rise. MSCI's emerging benchmark hit a one-week high, following developed bourses higher and lifted by gains across Asia, Turkey and parts of central and eastern...

  • Yum falls on earnings

    Earnings and revenue miss for Yum Brands. CNBC's Susan Li reports the details. The "Fast Money" traders weigh in.