Limassol / CY. (cm) ALL bakeries will increase their prices by due to the international increase in wheat prices, the «Cyprus Mail» gives us a short definition about the bread market in Cyprus.
Seoul / KR. (yhn) Imported baking mixtures and half-made pastries contain ten times more trans fat on average than those made with local ingredients, a Korean government report says.
Nairobi / KE. (aa) The Bakers Association of Kenya is crying foul over the increase of excise duty on imported wheat, AllAfrica reports. Over 20 bread manufacturing companies have urged the Finance minister to either reduce or abolish the 35 percent excise duty levied on the imported hard wheat used to bake bread.
Toronto / CA. (nw) Canada Bread Company Limited announces its financial results for the second quarter ended June 30. «A 17 percent increase in wheat costs slowed our growth in the second quarter», says President and CEO Richard Lan.
Parma / IT. (efsa) Following public consultation, the European Food Safety Authority (EFSA) has published its final guidance to applicants on the submission of health claims for authorisation.
Giurgiu / RO. (zf) Milling and bakery producer Farinsan Company posted a seven-million-euro turnover in the first six months of the year, up 70 percent against the same time last year.
Battle Creek / MG. (kc) Kellogg Company reports excellent second quarter sales, operating profit, earnings, and cash flow growth. The company posted better-than-expected results despite continued inflation and a difficult competitive environment.
Oak Brook / IL. (mdc) McDonald’s Corporation announced that Matthew Paull, Chief Financial Officer, intends to retire after a distinguished career with the company. Paull, who was named CFO in 2001, will pursue a teaching career.
Miami / FL. (bk) Burger King Corporation announces senior leadership appointments in four key departments as the company positions itself to meet aggressive global growth targets in fiscal 2008.
Calabas Hills / CA. (cf) The Cheesecake Factory Incorporated reported financial results for the second quarter of fiscal 2007, which ended on July 03. Total revenues increased 16 percent to 373,2 million USD from 322,6 million USD in the second quarter of fiscal 2006.