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The Latest Breaking News from Danone

Foreign firms taking billions of litres from UK aquifers to make bottled water

Coca-Cola extracts largest amount of freshwater of any drinks company in England, FoI request finds

The Guardian - UK

‘It’s not drought - it’s looting’: the Spanish villages where people are forced to buy back their own drinking water

Spain is increasingly either parched or flooded – and one group is profiting from these extremes: the water-grabbing multinational companies forcing angry citizens to pay for it in bottles

The Guardian - UK

CMA finds millions of parents may be paying up to £500 a year "over the odds" for infant formula

The infant formula market is highly concentrated with Danone, Kendal, and Nestle accounting for over 90% of supply.

Evening Standard

From analysis to the latest developments in health,
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NHS-branded baby formula could prevent parents paying too much, watchdog says

CMA sets out potential measures, including price cap on retailers, to combat high prices and lack of choice

The Guardian - UK

A dairy giant wants to take over its American competitor but closing the deal might be harder than expected.

The Street

Top UK food firms urged to do more to cut ‘staggering’ emissions

Food campaign Bite Back says 10 firms account for more carbon emissions globally than aviation industry

The Guardian - UK

‘Unethical’ junk food packaging manipulates children into craving sweets, report claims

Bite Back, a Jamie Oliver campaign group, found the 10 biggest producers reel in young shoppers with attention-grabbing colours and cartoons

The Guardian - UK

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Survey finds that 60 firms are responsible for half of world’s plastic pollution

Study confirms Philip Morris International, Danone, Nestlé, PepsiCo and Coca-Cola are worst offenders

The Guardian - UK

UK infant formula at ‘historically high’ prices, says watchdog

Competition and Markets Authority launches full-scale investigation after finding costs have risen

The Guardian - UK

How have Red Sea attacks by Yemen’s Houthi fighters affected companies?

The strikes have forced ships to change route, causing major disruptions in companies’ chains of production.

Al Jazeera

Giving up meat and dairy isn't enough

"At present, meat and dairy producers are supported by mega state subsidies"

Salon

Major UK Supermarkets Slash Prices on Aptamil Baby Formula Amidst CMA Investigation

This move follows similar initiatives by Sainsbury's and Iceland to address concerns about the vulnerability of formula products to price shocks.

International Business Times UK

Danone to cut 7% off wholesale price of powdered Aptamil baby formula

An investigation by the UK’s competition watchdog found the company had raised prices by 25% in two years

The Guardian - UK

Iceland boss accuses baby formula brands of 'exploitation'

The CMA found evidence of overcharging in the baby formula sector earlier this week

Evening Standard

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The Guardian - UK

Iceland boss hits out at parent ‘exploitation’ in baby milk market

Richard Walker calls for price cap on infant formula as competition watchdog finds evidence of greedflation

The Guardian - UK

Drinks firms face EU-wide complaint over plastic bottle recycling claims

Consumer groups issue formal notice to European Commission over ‘greenwashing’ claims that bottles are ‘100% recyclable’ or ‘100% recycled’

The Street

Fund Manager: Buy these 3 stocks to diversify your portfolio

Individual investors should own foreign stocks for diversification, says Causeway fund manager Ellen Lee.

France 24

Russia seizes local assets of Danone and Carlsberg, increasing fears for remaining foreign brands

The Russian government has seized the local subsidiaries of both French dairy group Danone and Danish brewer Carlsberg using a decree signed by President Vladimir Putin on Sunday. This follows the introduction of new rules in April that allow the state to take over the assets of firms from "unfriendly"…

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The Guardian - AU

Washington determined to support Ukraine ‘for as long as it takes’, says top US general – as it happened

Gen Mark Milley and US Defence Secretary reassert backing for Ukraine and say its forces are making progress against Russia

The Guardian - AU

Putin says Russia preparing response to Crimea bridge attack; US condemns Moscow grain deal exit – as it happened

Russian president calls attack ‘cruel and senseless’ after Kerch Bridge hit by latest strike; Antony Blinken says Russia exit from deal ‘unconscionable’

The Guardian - AU

Russia-Ukraine war at a glance: what we know on day 509 of the invasion

‘Fierce battles’ in eastern Ukraine as fighting intensifies, Kyiv says; Russia seizes control of shares in Danone and Carlsberg subsidiaries

The Guardian - AU

Drones shot down over Crimea, Moscow claims; Putin says Russia has stockpile of cluster bombs – as it happened

Russia says air defence forces intercepted attacks over port city of Sevastopol; Putin says Russia will take ‘reciprocal’ action if devices used on his troops

Fortune

Sustainability isn't values-driven anymore

Move over, values. Enter value.

Tribune News Service

AI could change the future of yogurt — and turn Danone around

Making the yogurt of the future requires a cast of 21st-century helpers: machine learning, gut science and even a mysterious artificial stomach.

The Guardian - UK

UK food giant calls for higher fat, sugar and salt taxes

Danone boss urges ministers to help people make healthy choices

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