Economy and finance
785 news found
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
Economy and financeMisitano & Stracuzzi goes to the Stock Exchange: on July 15th the roadshow starts
Fixed the fork between a minimum price of € 2.92 and a maximum of € 3.54 per share
The board of directors Misitano & Stracuzzi, one of the leading Italian business to business (B2B) active internationally in the creation, production and marketing of citrus fruits mainly of natural origin... more
Economy and financePrivate equity: Clessidra acquires Molino Nicoli
The Nicoli family will reinvest in the company with a 30% stake, ensuring business continuity
Clessidra Private Equity Sgr, operator in the Italian private equity market focused on the upper-mid market segment, announces the acquisition from the Nicoli family, founders of the company, of Molino... more
Economy and financeWater networks. Aquanexa acquires Puglia Engineering
Southern expansion for the integrated service platform launched by Algebris Green Transition Fund
Aquanexa, an advanced platform of integrated solutions for the water industry launched by Algebris Green Transition Fund, announces the acquisition of 100% of Puglia Engineering S.r.l. through Datek22... more
Economy and financeMisitano & Stracuzzi starts the stock exchange listing
The Sicilian company is a leader in the citrus essences sector
Misitano & Stracuzzi, one of the most important brands in Italy in the citrus sector, has started the process for listing in Piazza Affari. The admission, announced a few days ago is now scheduled for... more
Economy and financeEU. Production of services. Hotels and restaurants down year-on-year
Eurostat: decrease of 3.1% in April. Decline also on a monthly basis but more limited (-1.6%)
According to Eurostat's first estimates, in April 2024, compared to the previous month, seasonally adjusted services production increased by 1.1% in both the euro area and the European Union. In March... more
Economy and financeBillionaire bakery maneuvers: agreement between Emmi and Mademoiselle Desserts
The Swiss dairy group buys the French premium desserts company for € 900 million
The Swiss dairy group Emmi has signed a sales option agreement for the planned acquisition of the French group Mademoiselle Desserts, specializing in innovative high-end pastry. The transaction, as reported... more
Economy and financeFAO: food price index stable in June
The decline in cereals is offset by the increase in vegetable oils (+3.1%), sugar (+1.9%) and milk (+1.2%)
The benchmark for global food commodity prices remained unchanged in June, as increases in international quotations for vegetable oils, sugar and dairy products offset a decline in those for cereals. This... more
Economy and financeRumors. Bridor could acquire San Giorgio
The French multinational would be in negotiations in order to acquire the pastry of Salerno
Bridor, a French multinational specializing in bakery products, bread and frozen pastries for supermarkets and artisanal bakers but also for the hotel and catering sector, would start negotiations to buy... more
Economy and financeNestlé invests in protein foods in Germany
Investment of 8 million euro to expand the Vitaflo plant in Rosbach
Nestlé invests in the German protein food factory Vitaflo, part of Nestlé Health Science. The multinational, in fact, has just inaugurated the expansion of its plant in Rosbach vor der Höhe, north of Fr... more
Economy and financeQuattroR, the president Valeri buys shares of the holding
The fund has in portfolio Casalasco and Mzbg (Segafredo)
The president of QuattroR sgr, Flavio Valeri, has acquired for € 491,000 the 15% of QR Partners Srl from the former president of QuattroR, Andrea Morante. The holding company controls the management c... more
Economy and financeCampari, investigations on the holding impact on the title
But the group states: "Neither Davide Campari-Milano N.V. nor any of its subsidiaries are subject to investigation"
The market is worried about Campari. The title, that yesterday June 27 left on the ground at the end of the session 3.6% after being in red for over 4.3%, today faces a day that seems less pessimistic... more
Economy and financeSACE: Italian exports will reach 679 billion euros in 2025
Optimistic data for Afro-Asian and Latin American markets, whose value could rise to 95 billion in 2027
Artificial intelligence, new technologies, ESG transition, geopolitical risks and climate change. Exports are growing again and are experiencing a great moment of transformation between new risks and emerging... more
Economy and financeMisitano&Stracuzzi travels to the Stock Exchange
he Sicilian brand of citrus essences aims at listing by summer
Misitano & Stracuzzi, one of the most important brands in Italy in the citrus essences sector, aims to be listed on the Stock Exchange at Piazza Affari. The landing on the Stock Exchange (by Intermonte)... more
Economy and financeSpain removes VAT on olive oil until september 2024
The measure also applies to other basic foods: after September VAT will rise to 2 or 4% depending on the products
The Spanish Council of Ministers today approved a Royal Decree to extend various measures to control the prices of essential goods. The measure was taken in the face of economic tensions caused by the... more
Economy and financeDeA Capital: 54% of employees are women
The 2023 ESG report certifies a constant reduction in the gender pay gap/Annex
DeA Capital Real Estate Sgr SpA announces that the ESG Report as of 31 December 2023 has been published. This Report also testifies to the development of the path towards sustainability that DeA Capital... more
Economy and financeElectrolux, EUR 140 million loan from Nordic investment bank
8-year sustainability funding to reduce emissions in the value chain by 2030
Nib, Nordic investment bank and Electrolux have signed a loan of 150 million dollars, amounting to about 140 million Euro in eight years linked to sustainability. The Swedish Group was one of the first... more
Economy and financeDraft EU budget 2025: the biggest share goes to the Cap
Proposal for an annual budget of 199.7 billion euro: 53.8 billion for the common agricultural policy
The EU Commission has proposed an annual EU budget of 199.7 billion Euro for 2025. The budget will be complemented by 72 billion Euro of disbursements from Next Generation EU. This substantial budget will... more
Economy and financeCampari: 220 million euro bond successfully placed
Interest rate of 4.24% per year. Intesa Sanpaolo lead manager
Davide Campari-Milano NV has successfully placed an unrated bond with a duration of seven years, aimed only at institutional investors. The offer concerns a bond which has a total nominal amount of 220... more
Economy and financeCoca Cola and Starbucks want to register brands in Russia
The two giants try to protect their intellectual property rights after leaving the country
Coca-Cola and Starbucks have requested to re-register their brands in Russia to protect their intellectual property rights after exiting the country in response to Moscow’s invasion of Ukraine in 2022. T... more
Economy and financeThe Italian agricultural and food districts close 2023 with a +4.5%
Intesa Sanpaolo monitors: almost 27 billion sales on foreign markets
Positive balance in 2023 for exports of Italian agri-food districts, which close with almost 27 billion sales on foreign markets and an increase of 4.5%, corresponding to almost 1.2 billion more than the... more
Economy and financeArefood-Crédit Agricole Italia: agreement for a 10 million euro loan
Strategy aims at a real estate portfolio with primary tenants of the Italian and European large-scale retail trade
The Arefood investment fund of the Arsenale Sgr Group announces the conclusion of a financing agreement with Crédit Agricole Italia for 10 million euros which has the aim of strengthening the investment... more
Economy and financeFAO: food prices continue to rise, blamed on cereals and dairy products
On the contrary, sugar, vegetable oils and meat (but not pork and sheep) continue to decline
The world food commodity price index rose for the third consecutive month in May, driven by increases in cereals and dairy products, which offset and exceeded declines in sugar and vegetable oil prices.... more
Economy and financeAcqua Fiuggi passes to Leonardo Maria Del Vecchio
Announced the purchase of 71.17% of the company by Lmdv Capital
It was expected, as we anticipated, the announcement of the closing of the operation that brings Acqua Fiuggi and Terme s.p. And the announcement has arrived: the entrepreneur, through the family office... more
Economy and financeMars invests in Germany: Viersen factory expanded
40 million euros to support Twix brand production
Mars invests in Germany. The snack multinational decided to put 40 million euros (43.3 million dollars) into the pot for its chocolate factory in Viersen, North Rhine-Westphalia. The aim of the investment... more
Economy and financeVandemoortele buys Dolciaria Acquaviva and expands in pastry
Apheon and the family sell the fund: the founder Pierluigi Acquaviva remains president
Vandemoortele, one of the leading European family-run food groups, with an important presence in Italy, announces the acquisition of Dolciaria Acquaviva, a renowned Caserta producer of frozen pastries... more
Economy and financeForeign trade outside the EU. Ice Agency: "The fluctuating trend is consolidated"
President Zoppas notes the recovery of exports to China and the consequences of geopolitical instability
As reported by Istat (read EFA News ), in the first four months of 2024 exports to non-EU countries grew by 2.2% and came close to 100 billion euros, ahead of what happened in 2023." The export numbers... more
Economy and financeCoca Cola ready to invest 175 million dollars in Kenya
Over the next 5 years funding to accelerate capacity expansion of the Coca Cola system in East Africa
Coca-Cola will invest 175 million dollar in Kenya over the next five years. This was stated by the same multinational through the Coca-Cola system in Kenya, composed of The Coca-Cola Company and its authorized... more
Economy and financeArdian fund raises 530 million and invests in snacks
Fund rising with over 120 investors on the list: 25% already allocated, among other things, to My Pie innovative snack company
Ardian, one of the world’s leading private market investment companies, today announced that it has raised €530 million for its third growth investment platform, Ardian Growth Fund III. In a challenging fun... more
Economy and financeItalian "sweet" shopping for Valeo foods, which acquired Dal Colle
The Verona company provides a complementary offer to the expanding operations of the Bain Capital company
Valeo Foods, one of Europe’s leading manufacturers of quality pastries and snacks, has completed the process for the acquisition of the assets of Dal Colle, a renowned Italian manufacturer of high-quality b... more
Economy and financeTap to pay, the new frontier of cashless
Allows merchants and restaurateurs to accept payments without additional devices
SumUp, a fintech company active in the digital payments industry with innovative solutions for businesses of all sizes, has added "Tap to pay" to its ecosystem of payment solutions for Italian customers,... more
Economy and financeSalov, closes "hard" 2023 with growing turnover (and volumes down)
More than 105 million liters of oil sold with revenues of more than half a billion Euro (+5%)
The Shareholders' Meeting of Salov, an industrial group globally active in the oil sector, controlled by Chinese Bright Food, approved the 2023 consolidated balance sheet closed with oil sales of over... more
Economy and financeEU antitrust, bitter chocolate for Mondelez
Fine of 337.5 million Euro "for obstructing trade in chocolate, biscuits and coffee products between Member States"
The European Commission fined Mondelēz International 337.5 million Euro for cross-border trade restrictions. This was communicated by the Commission itself in an official note stating that the fine was... more
Economy and financeDanone, 70 million euros in medical nutrition
Investment for the Steenvoorde plant: will produce food supplements for Nutricia
With an investment of 70 million Euro in its production site in Steenvoorde, in the Hauts-de-France region, Danone takes a further step forward to strengthen its development in the field of medical nutrition.... more
Economy and financeDifficult 1Q for Masi Agricola
Revenues down by 15%. Better in April
The board of directors of Masi Agricola, a company listed on Euronext Growth Milan and one of the Italian leaders in the production of premium wines, approved the consolidated results at 31 March 2024.... more
Economy and financeThree acquisitions for Omnia Technologies
Acmi, Sacmi Beverage and Sacmi Labelling join the company that becomes Italian giant in high-speed beverage
Omnia Technologies, the platform active in automation and bottling technologies for the sectors of spirits, wine, non-alcoholic beverages, dairy products and pharmaceuticals, launches a new division dedicated... more
Economy and financeMondelez beats first quarter estimates
The turnover at 9.2 billion dollar is more than the forecast of 9.1 billion: the merit goes up in prices (+6.3%)
Mondelez International beat market estimates by closing a first quarter with sales and earnings exceeding analyst expectations. In the first trimester the company has recorded a turnover clearly of 9,29... more
Economy and financeDanone buys Functional Formularies
The company Usa develops formulas to provide essential nutrients to those who have difficulty consuming solid foods
Danone has acquired, from Swander Pace Capital, Functional Formularies, a company based in the United States that develops formulas designed to provide essential nutrients and support people who may have... more
Economy and financeFAO: meat drives the rise in food prices
In April, sugar bucked the trend, causing higher-than-expected harvests in Asia
The benchmark for global food commodity prices increased in April. The trend is mainly tracked by the prices of meat, vegetable oils and cereals, which more than compensated for the decreases in sugar... more