Economy and finance
773 news found
Economy and financeIsmea: Italian agri-food exports approaching 70 billion euros
The sector's trade balance returns to a surplus of over 430 million euros/Annex
Germany, France and the United States remain the top three destinations, followed by the United Kingdom, Spain, the Netherlands, Switzerland, Belgium, Poland and Austria. Among the growing sectors, cereal derivatives stand out, with an 8% increase in value. more
Economy and financeXFarm Technologies, third round of funding
For the app that manages farms € 36 million to expand in South America, Turkey, India
XFarm Technologies, the farm management app for the Swiss tech company that aims at digitalizing the agri-food sector, has closed a round of C series of 36 million Euro, round that follows the series B... more
Economy and financeIntesa Sanpaolo supports Italian SMEs in the UAE
Food and agricultural technologies among the sectors most encouraged by government authorities
“Doing business with the United Arab Emirates” is the title and objective of the digital seminar dedicated to Italian SMEs created by Intesa Sanpaolo in collaboration with the Italian Embassy in Abu Dha... more
Economy and financeBearish volatility: commodities react to the extension of the Eudr
At the announcement of the postponement, prices for cocoa beans fell by 3%, coffee -6% and soybean flour -1.3
As the commodity reported last week that the European Commission has proposed to postpone by twelve months the entry into force of the deforestation regulation, the so-called Eudr, European Deforestation-free... more
Economy and financeUnigrains Iberia joins Taste of Italy 2 in the capital of Ñaming
The acquisition in the context of a syndication carried out by DeA Capital Alternative Funds Sgr
Unigrains Iberia has acquired a stake in Ñaming, a Spanish company that produces sandwiches and other ready meals, as part of a syndication carried out by DeA Capital Alternative Funds Sgr, the management... more
Economy and financeFinance and retail, 14 deals closed this year for 208 million euros
La Piadineria, Fra Diavolo, Temakinho among the operations of the catering sector. Confimprese: serve to attract investment
The first half of 2024 starts well for financial operations in Italian retail. Confimprese says that so far this year, 14 financial operations have been announced and largely closed, 8 of them in the first... more
Economy and financeCopa Cogeca: EU good decision on postponement of deforestation
It was one of the bodies that pushed for extension
"European primary producers and various industries welcome the European Commission’s proposal to extend the implementation period of the EU Deforestation Regulation (EUDR) by another 12 months". This i... more
Economy and financeFerrero operational at Kinder Bueno plant in Illinois
Expansion of more than 15,700 square meters for the site of Bloomington destined to the bar so dear to the "yankees"
Ferrero North America has opened its new Kinder Bueno production facility in Bloomington, Illinois, USA. The expansion is the result of an investment of 214 million dollars announced for the first time... more
Economy and financeCourt of Auditors EU: Green Deal goals far away
Lausanne auditors are hitting Europe: Green national plans
Someone had said it. Focusing on two issues such as security and competitiveness the Green deal is second to none, it appears as a "non-priority". The president of the EU Commission, Ursula von der Leyen,... more
Economy and financeCoffee. Germany leads extra-EU imports. Italy follows
However, Italy holds the record for roasted coffee production (556,500 tons) in 2023
In 2023, the European Union imported 2.7 million tons of coffee from non-EU countries, for a value of 10.6 billion euros. The quantity remained almost stable compared to 2013 (also 2.7 million tons), but... more
Economy and financeLongino & Cardenal, 1H24 in recovery
Ebitda returns to positive at 300 thousand euros: revenues at 17.3 million, +3.5% year-on-year
The growth trend of the main economic indicators continues at Longino & Cardenal, active in the research, selection and distribution of rare and valuable foods and reference point for national and international... more
Economy and financeCommodities. Butter and cream: skyrocketing prices
Sugar and crude palm oil prices rise, but to a lesser extent. Lentils fall sharply
According to Aretè's weekly report, butter and cream prices are consolidating a record bullish trend. The EU reference for 82% butter, listed on the German Kempten market, reached a historic record of... more
Economy and financeEurostat: Agricultural prices down (-3%) on an annual basis in the Q2 2024
The sharpest decrease concerns lemons and limes (-48%), while olive oil continues to increase (+41%)
According to Eurostat, in the second quarter of 2024, agricultural prices in the European Union decreased for both outputs and non-investment related inputs. The average price of agricultural production... more
Economy and financeNestlé Celebrates 10th Anniversary of Global Alliance for YOUth
Over 40 million professional development opportunities for young people around the world aged between 18 and 30
The Global Alliance for YOUth is celebrating its first decade of existence this year. It is a corporate alliance created and co-founded by Nestlé to help young people advance their careers and find opportunities.... more
Economy and financeNutkao, transaction in closing with Morocco's sovereign wealth fund
White Bridge fund will sell Piedmontese confectionery company to Teralys
It was coveted by many Nutkao, in which Spain's Natra seemed interested a couple of months ago and one step away from acquisition. But no. The Piedmontese bigwig (from Canove di Govone, in the province... more
Economy and financeF.lli Polli sold at Platinum equity
The family retains a minority share
The indiscretion we gave a few days ago has been confirmed. The Italian F.lli Polli is no longer Italian: those who until ten days ago were only "rumors" of a possible interest by Platinum, an American... more
Economy and financeMisitano & Stracuzzi, the semester flies
Sales revenues +9.3%, profit +48.4%. Event with analysts on September 25th
Misitano & Stracuzzi, listed on Euronext Growth Milan and active in the citrus essences sector, today approved its first half-year 2024 financial statements, which ended with a strong increase. Sales revenues... more
Economy and financeCampari earthquake, the CEO Fantacchiotti leaves
Marchesini and Di Fede interim co-CEO in his place
There is no peace for Campari. The headline, which yesterday had recovered from some of its recent losses in the wake of the news of the acquisition of a minority stake in Capevin Holdings Proprietary... more
Economy and financeEU: Inflation rate (+2.2%) to fall in August 2024
Food & beverage is the second most important sector in the increase in prices (+0.46%)
The annual inflation rate in the euro area was 2.2% in August 2024, down from 2.6% in July. A year earlier, the rate was 5.2%. The annual inflation in the European Union was 2.4% in August 2024, down from... more
Economy and financeUnigrains bets on Beillevaire cheeses
Thanks to the agri-food fund, three acquisitions of French brands
The investment fund Unigrains supports the French dairy group Beillevaire, which has acquired three cheese producers, thus accelerating its external growth strategy. As the official statement of Beillevaire... more
Economy and financeIvs Group's Public Offer. Lavazza closer to the goal: 90% of the participants
Grey vehicle has passed the threshold: time until 27 September to join
New step forward for the takeover of Lavazza on vending by Ivs Group. After a few days ago we had announced the 51% level of accessions, yesterday the bidder announced that, considering the accessions... more
Economy and financeCampari recovers on the stock exchange: the market likes the minority of Capevin
Operation of over 82 million euros financed "using available liquidity"
Campari has closed today’s session of Stock Exchange in Piazza Affari in red of a "light" -0.6%. Get back some of the title, then, after the falls of recent days. Today’s announcement about the completion of... more
Economy and financeOrsero, first half of the year with profitability in line with
Net revenues of €744.1 million, adjusted ebitda of €40.9 million
The Board of Directors of Orsero, the holding company of the homonymous group in Albenga (Savona), one of the leaders in Mediterranean Europe for the import and distribution of fresh fruit and vegetables,... more
Economy and financeSpain: Italian Sesa buys Boot Systems and Lbs Serveis
The IT services company acquires the two companies with 5.5 million revenues
Sesa, operator in the field of technological innovation and information technology and digital services for the business segment also agro-food, with approximately 3.2 billion Euros consolidated revenues... more
Economy and financeBritish antitrust agency delays Carlsberg’s acquisition of Britvic
After its no to the expansion of Muller, now Cma starts investigation on the deal from over € 3,9 mld of the Danish brewery
The British antitrust does not stop and after having blocked a few days ago the expansion of Muller who can not yet get his hands on the English Yew Tree Dairy now delays, in fact, the acquisition of Britvic... more
Economy and financeNewlat Food, marginality in growth and cash increase in the first half
The ebitda increases to 10.6% the incidence on turnover and pfn goes from 74 to 42 million
Satisfaction for the Mastrolia family from the half-year approved yesterday by the board of directors of Newlat Food multinational, multi-brand, multi-product and multi-channel player in the Italian and... more
Economy and financeF.lli Polli for sale?
American fund Platinum would be interested in investing in the Tuscan company
Platinum Equity, an American private equity fund, would be interested in investing in F.lli Polli, a Tuscan company specializing in sauces, preserves and gravies, currently 100% controlled by the family... more
Economy and financeIs tourism keeping the euro area afloat?
Nomura report: the sector has "probably prevented" the economic contraction of the area
Tourism keeps the Euro area afloat. According to the latest report by Nomura, domestic demand in the Euro area contracted in the second quarter of 2024 and GDP growth was revised downwards by 10 basis... more
Economy and financeBig maneuvers at home Omnia Technologies: in the crosshairs bond and sale
Investindustrial by Andrea Bonomi studies an issue. The aim is to sell the
It is a september of great maneuvers that seems to involve in first person Omnia Technologies. According to rumours relayed by Mf, in fact, the Investindustrial fund of Andrea Bonomi that controls since... more
Economy and financeBritish antitrust blocks Müller’s expansion
Nothing to do, for now, for the acquisition of Yew Tree Dairy: the Cma wants to see clear on the competition
It’s a tough time for acquisitions, no matter the latitude. The two US supermarket chains Kroger and Albertsosn know something about this, which for at least two years have not been able to close their M... more
Economy and financeOmnia Technologies: 3 acquisitions in the beverage sector
Bought assets of the French Maison Coquard, the Californian ATP Group and the Italian Nortan
It is a rather busy summer that of Omnia Technologies, the former DT Holding, group created by Investindustrial to bring together in a single platform automation and bottling technologies for the wine... more
Economy and financeFAO: food raw material prices stable in July 2024
Increased prices for vegetable oils, meat and sugar offset the decline in cereals
On an annual basis the decrease was equal to 3.1% more
Economy and financeSilvateam grows thanks to UniCredit and Mediocredito Centrale
The company collects two loans of 4 and 3 million
The Silvateam Group, a company from San Michele Mondovì, in the province of Cuneo Piedmont Region), among the world leaders in the production of plant extracts used in the tanning of hides, in animal... more
Economy and financePorto Mirabello: DeA Capital RE sells stake
Acquired by Gruppo D-Marin, which is growing in Italy in the luxury port sector
DeA Capital Real Estate Sgr SpA, on behalf of the Territory Development Real Estate Alternative Investment Fund participated by various foundations of banking origin, announces the sale of the stake held... more
Economy and financeCollection of 380 million euros for Algebris green transition fund
Investment activity continues in a reality of excellence, already concluded 5 deals
Algebris Green Transition Fund, the first private equity vehicle of Algebris Investments focused on energy transition, announces the closing of the collection period, reaching a total of 380 million Euro,... more
Economy and financeCampari records a semester of "solid growth" (but the market does not believe it)
Net sales +3.8%, net profit (€219.7 million) +1.3%, ebitda +3.5%
Strong growth driven by global priority brands, especially in the Americas, while Emea showed resilience despite the impact of particularly adverse weather. This is the summary of Campari’s performance i... more
Economy and financeToday closing for the wedding between Sammontana and Forno d'Asolo
Group is born from 1 billion euros: international ice cream, frozen bakery and pastry
The closing of the transaction announced on 5 February, thanks to which the Bagnoli family and Frozen Investments S.à r.l., Investindustrial VIII investment companies, have started a partnership to create a... more
Economy and financeEnervit, half year in the dark
Revenues up to 49.9 million euros but ebitda and net profit decrease
The board of directors of Enervit, a company active in the sports food supplement and functional nutrition market, known for its foods and supplements, approved today the half-yearly financial report closed... more
Economy and financeSecond quarter "black" for McDonald’s
Sales down, net profit drops 12%: all the blame of inflation
McDonald’s records the second quarter ended June 30, 2024 with a global decline in sales, the first since 2020, that is the first in 13 quarters. The data came as a surprise and, emphasizes the fast f... more
Economy and financeFerrero acquires Nonni’s Bakery
The biscuit producer Usa acquired through CTH Invest
CTH Invest SA, a Belgian company owned by the Ferrero family, has acquired Nonni’s Bakery from Vestar Capital Partners, a leading private equity firm in the mid-market US. Founded in 1988, Nonni’s Bak... more
Economy and financePepsiCo invests 13 million pounds in Doritos factory in Coventry, UK
New production line with machinery that will reduce greenhouse gas emissions by 700 tons per year
"We invest £13 million in the Coventry plant". This is the beginning of the announcement with which PepsiCo announces an investment of more than 15.4 million Euros in the plant of Coventry, in Great Britain,... more
Economy and financeFerrero’s Wells Enterprises increases investment in ice cream
The confectionery company is putting another $ 174 million in the plant of Dunkirk (New York) to double production
Wells Enterprises, the Usa ice cream giant entered in 2022 in the Ferrero galaxy The European Commission has increased investment in the planned expansion of its Dunkirk production site in New York by... more
Economy and financeEU: agri-food trade surplus at 5 billion euros
Exports reach 19.8 billion in April 2024: Ivory Coast and Nigeria are the most benefited countries /Annex
In April 2024, the EU agri-food trade surplus reached €5 billion, still 4% higher than in April 2023, despite a 25% reduction compared to the previous month. Exports reached 19.8 billion euros, primarily d... more
Economy and financeEurostat: production of manufacturing goods decreasing (-1.2%) in 2023
In contrast, food, drinks and tobacco recorded growth of 5%
After two successive increases (+8.5% in 2021 compared to 2020 and +0.4% in 2022 compared to 2021), according to Eurostat, the production of manufacturing goods in the European Union recorded a decrease... more
Economy and financeLindt closes half-year with “robust growth” in sales
Revenues up 7 percent to 2.16 billion Swiss francs (2.2 billion euros): sales growth between 6 percent and 8 percent expected in 2024
The Lindt & Sprüngli Group achieves “robust growth” in sales and profits and confirms its outlook for 2024. that, in a nutshell, is the result of the Swiss confectionery group's first-half 2024 numbers, whic... more
Economy and financeInvestindustrial buys Piovan: another company leaves the Stock Exchange
Food machinery company acquired by Automation Systems for 719 million: Piovan’s stock will be delisted at closing
Automation Systems S.p.a., a company whose share capital is indirectly held by Investindustrial VIII SCSp, has entered into a purchase and sale contract with Pentafin S.p.a. for the acquisition of 58.35%... more
Economy and financeElectrolux returns to profit
Profits at almost 36 million Euro from the red of 10 mln a year ago. Well the Professional division
Electrolux Group returns to profit after a series of quarters in negative territory. The second quarter of 2024 recorded a net turnover of 33.8 billion SEK, equivalent to more than 2.9 billion Euro, up... more
Economy and financeForeign trade: new records in agri-food trade in 2023
Further increase in exports and decrease in imports in the first quarter of 2024
Sales of prepared meats and cheeses, first and foremost Grana Padano, are growing in value and quantity more
Economy and financeOcado, record day on the Stock Exchange for half-year and forecasts
A breath of fresh air for the title of the online supermarkets owned by Exor
Take breath the shares of Ocado, the online UK supermarket attended by Agnelli-Elkann’s Exor Lingotto family. The title closed a very performing session on the London Stock Exchange filed with +6% after a... more
Economy and financeIntesa Sanpaolo: Italian excellence protagonists in Paris
Marr is among the agri-food candidates of the 2024 edition of "Winning Companies"
Intesa Sanpaolo presents the 2024 edition of "Italian Excellences, Mid Corporate Conference" which will be held in Paris on 8 and 9 October. The event is mainly dedicated to companies listed on Euronext... more