Archives for April 10, 2005

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Fonterra exits National Foods bid, San Miguel triumphs

New Zealand dairy co-operative Fonterra announced today that it has pulled out of the three month bidding war to buy National Foods, crowning San Miguel the new owner of Australia's largest publicly traded dairy company, Tom Armitage reports.

Tesco, Asda price cuts pressure producers

A fresh round of price cuts from the two biggest UK food retailers increases the pressure on suppliers' margins and intensifies competition between own-label and branded producers, forcing them to find new ways to adapt, writes Chris Mercer.