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Buffett slashes Kraft stake by 23pc

*18th May* Warren Buffett, CEO and Chairman of Berkshire Hathaway, has cut his stake in Kraft Foods following its takeover of Cadbury which he branded 'a dumb deal'.
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Frutarom sees first quarter profits double

*17th May* Israeli ingredients company Frutarom saw profits double in the first quarter of 2010. Increases in sales and cost-cutting measures are said to have boosted earnings.
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Australian Heart Foundation quells 'chocolate good for the heart' claims

14th May A study by the Australian Heart Foundation say they have proved wrong the idea that chocolate, red wine and coffee are good for the heart.
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Companies accused of shrinking food

13th May UK: A report in today's Daily Telegraph accuses many food companies of shrinking their food products but selling them at the same price.
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Lonza Group Ltd to acquire MODA

12th May Swiss company Lonza Group have agreed to acquire MODA, a US quality control software company.
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Royal Smilde unveils Smilde Foods

11th May Royal Smilde is to merge two of its food companies into one business, under the name of Smilde Foods BV.
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UPDATE Kraft to close UK headquarters affecting 'up to 600' jobs

12th May Kraft Foods, the US company who now own UK chocolatiers Cadbury, have announced plans to close its UK headquarters.
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FDA removes Chinese candies from import restrictions

7th May The US Food and Drug Administration (FDA) has reassessed its import screening system which detains milk-based food products from China which could be potentially affected with melamine.
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UPDATE Reuters: BASF in talks to acquire Cognis

11th May According to Reuters, chemical maker BASF is in advanced talks to acquire German additives company Cognis. The Financial Times reported on Friday 7th that BASF insiders had confirmed the bid.
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6th May Kraft looks to consolidate UK media bill

Kraft Foods is holding a review of its UK media planning and buying accounts in an effort to reduce its £50 million marketing bill.
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