Proposed UK tax on sugary drinks hits share prices

A tax on the manufacturers of sugary soft drinks as a means of reducing childhood obesity was announced today by UK Chancellor George Osborne as part of his budget proposals. When the tax is introduced in two years time it will be on the manufacturers, rather than on the retail prices of the drinks. It is unlikely to be passed...

Industrial look for Moonshine whiskey in New York

A US-based whiskey distiller has launched an 80%-proof spirit in metal cans with an industrial look to differentiate the product from its established range in more familiar glass bottles. But Stillhouse Spirits is not using just any off-the-shelf containers for its Original Moonshine. The company has sourced the 750ml rectangular cans in stainless steel.Colour-coded labels for the decorated cans identify...

Australia rules that Italian tomato canners dumped exports

Australia’s canned tomato industry is celebrating after the Anti-Dumping Commission and Federal Government ruled that Italian packers La Doria and Feger were guilty of dumping product in the domestic market.Duties of 8.4 percent will be applied to Feger and 4.5 percent to La Doria tomato products.Dumping is when an exporter sells produce in Australia at margins lower than in...

Monster to buy American Fruits & Flavors for $690m

Monster Beverage’s long-time supplier American Fruits & Flavors (AFF) is being brought in-house in a deal worth US$690 million. Rodney Sacks, chief executive of California-based Monster, called the move “a tremendous step in the continuing evolution of Monster”.“Not only have we secured the intellectual property of our flagship green energy drink and many of our other key flavours, but we...

Nitrogen is the secret of La Colombe’s Draft Latte

A frothy ‘draft latte’ coffee has been launched in ready-to-drink cans following a collaborative project between coffee specialist La Colombe and canmaking firm Crown Holdings. The blend of espresso, milk and sugar is injected with nitrous oxide gas which, when the can is opened, replicates the same “frothy drinking experience of draft lattes” that La Colombe serves in its cafes...

Profits compensate for lower milk prices at FrieslandCampina

Dutch-based dairy products giant FrieslandCampina says that although the prices paid for its milk to co-op member farmers fell last year by almost 19 percent, its stronger financial performance in 2015 will improve the value of their bonds. Volume of milk supplied to the cooperative by member farmers grew by 6.4 percent to 10.1 million kilogrammes but with the milk...

Canning plant workers win ‘donning and doffing’ case

A US court has ruled that canning plant workers should be paid for the time taken in putting on and taking off the clothing necessary for their factory activities. The decision, made by the Wisconsin Supreme Court, means that Hormel Foods owes back pay to hundreds of workers at its Beloit cannery, reports Associated Press. The plant in Wisconsin packs...

Tangerine flavour for latest Red Bull energy drink

A new version of Red Bull’s energy drink has been launched in the US. Flavoured with tangerine, Red Bull Orange Edition augments the Editions product line and is said to demonstrate the brand’s commitment to offering consumers more flavour and variety.The Red Bull Editions flavoured line includes Red (cranberry), Blue (blueberry), Yellow (tropical fruits), and now Orange (tangerine).They are retailed...

SABMiller’s share of CR Snow in China to be sold

SABMiller’s share of the brewer in China behind the market-leading Snow beer brand is being sold to its owner in a multi-billion deal. The agreement is part of Anheuser-Busch InBev’s (AB Inbev) commitment to meet the regulatory requirements of its US$104 billion acquisition of SABMiller.SABMiller currently owns 49 percent of China Resources Snow Breweries, the remaining 51 percent being owned...