Morrison outlines plan to cut costs as profit falls dramatically
A fall in profitability by £313m (€452m) has pushed management at Wm Morrison to come up with a three-year recovery plan, placing further pricing pressure on suppliers.
Archives for March 24, 2006
Rising costs impair profit for General Mills
Like many other food producers General Mills is suffering from rising costs, which are holding back profits, despite increasing sales, according to the latest financial report.
Blue cheese dodges FSA salt slashing plan
Wrangling between the UK dairy industry and the country's food watchdog is set to continue over salt slashing targets, after both failed to reach an agreement to cut salt in blue cheese.
Grape DNA study promises better quality wine
An Italian team of scientists has succeeded in deciphering the entire DNA sequence of the grapevine genome after six years of intensive research.
Omega-3s have no benefits for heart health, cancer - new review
Intake of omega-3 fatty acids from oily fish and fish oil supplements has no effect on mortality, heart disease or cancer, concludes a new review, but guidelines should continue for consumption.