After a test result that revealed traces of horse DNA in the beef pasta meals, one of the biggest food companies of the world 'Nestle' removed the meals from the selling shelves of Italy and Spain. This Swiss based firm stopped the delivery of products from its supplier from Germany.
As per reports, it has been revealed that soft drink companies as well as rivals AG Barr and Britvic has been given one more month to think about the proposal of merger. The takeover panel was of the view that they have asked the companies to think once more, and they have provided them one more month for the same.
It has been recently revealed in a report that the Jaffa cakes might soon be available in a newer milk chocolate version in the time to come. This might be able to prove to be a new flavor for the increasing sweet tooth of the country.
It was revealed by the firm McVitie's which revealed that the firm might soon come up with a new milk chocolate version of the sweet treat.
According to sources, hot takeaway food will soon be subjected to taxes.
It has been revealed that the hot food bought from bakeries and supermarkets will be charged at 20% VAT. The Chancellor, George Osborne has increased the costs of all hot takeaway foods.
It has been recently revealed in a report that the European retail firm, Carrefour, has been asked by the Government in central China to close one of its stores. This is a temporary closure and is being done due to the report that the chain was offering chicken free-range.
The Food Control Department of the Municipality claimed that Dubai imported 4m tonnes of food products during the first half of this year through 335 companies engaged in import business. The half-yearly report issued by the Food Trade Control Section says that companies were encouraged to use IT platform for doing import export business given to less complexities involved in electronic importing/ exporting system.
Gulf based food companies saw significant decline in shares yesterday as stocks declined 0.45 per cent in Abu Dhabi’s food and farming companies. The decline is reported despite assurance by analysts regarding Emirates resilience to the financial crisis. Food and farming sector is the only segment where stocks declined amid uncertain signals from US and European markets.
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