Milling & Baking News - January 17, 2017 - 28

Stock Market Review X

Foreign grain-based foods performance
strengthens during 2016

fter a year in which the number of restructuring of the Splenda sucralose Premier agreed to enter into a co-operaforeign grain-based foods compa- business and the expansion of capacity tion agreement with Nissin Foods Holdings Co., Ltd., Tokyo. The partnership has
nies that performed well was on for Speciality Food Ingredients.
Premier Foods, the U.K.'s largest food the potential for "significant long-term
par with the number that didn't fare as
well, the number of grain-based foods producer, finished 2016 at 46.75p, up 19% value creation for both organizations,"
companies outside of North America from 39.25p in 2015. Premier entertained Premier said.
Finsbury Food Group P.L.C., a U.K.posting strong returns in 2016 rebound- talks with McCormick & Co., Inc. about a
ed as 23 of the 40 companies tracked by possible merger in early 2016 before Mc- based maker of cake, bread and glutenMilling & Baking News recorded year- Cormick ultimately decided not to pur- free bakery goods, climbed as high as
over-year increases in share price while sue an acquisition of the maker of sweet 139p before closing 2016 at 120p, up from
17 posted decreases. By comparison, 19 goods, cooking sauces, flavors and sea- 113p in 2015 and compared with 60p in
companies recorded year-over-year in- sonings, and soups. Shortly after the an- 2014.
Greggs P.L.C., an operator of retail bakcreases in 2015, 25 companies posted in- nouncement and after several years of discreases in share price in 2014, and 32 com- cussing potential strategic opportunities, ery shops and cafes in the United Kingdom, finished 2016 at 970p, down
panies posted year-over-year gains
26% from 1314p in 2015, and comin 2013. The gains in 2016 primarpared with 732p in 2014 and 430.5p
ily could be traced to companies
Foreign stocks, 2016 share
in 2013.
operating in Africa, Egypt and The
price performance
The three leading U.K. retail
Netherlands, while weakness was
chains sustained mixed share price
evident in Japan and Ireland.
Marks & Spencer
United Kingdom
-23%
moves during the past year. Tesco,
On the London Stock Exchange,
Premier Foods
United Kingdom
19%
the leader in U.K. food retailing,
Associated British Foods finished
Greggs P.L.C.
United Kingdom
-26%
closed at 206.85p, up 38% from
the year at 2745p, down 18% from
Tesco
United Kingdom
38%
149.5p a year ago. Moving down
3342p in 2015 and compared with
Carr's Group
United Kingdom
-3%
during the year was Marks & Spen3153p in 2014. Charles Sinclair,
Associated British Foods
United Kingdom
-18%
cer, which finished the year at 350p,
chairman of ABF, in the company's
Tate & Lyle P.L.C.
United Kingdom
18%
down 23% from 452.4p, and Sainsannual report called 2016 "a year
Sainsbury P.L.C.
United Kingdom
-4%
bury, P.L.C., which closed the year
of progress for the group," as revFinsbury Food Group P.L.C.
United Kingdom
6%
at 249.3p, down from 258.8p.
enues increased 5% and operating
Kerry Group
Ireland
-12%
In Ireland, Greencore Group
profit increased 3%. He said the
Greencore Group
Ireland
-15%
P.L.C., a European maker of concompany's grocery and agriculture
Origin Enterprises
Ireland
-16%
venience food and malt products,
business units achieved further
Agrium Inc.
Canada
13%
finished at 246.5p, down 15% from
margin improvement despite the
GrainCorp Ltd.
Australia
11%
291.37p in 2015. Earlier this month,
challenges presented by commodFirst Baking Co.
Japan
18%
Greencore completed the acquisiity price deflation.
Nisshin Seifun
Japan
-12%
tion of Geneva, Ill.-based Peacock
Carr's Group P.L.C.'s share price
Nissin Foods Holdings
Japan
-5%
Foods for $747.5 million.
closed at 149.38p in 2016, down
Nippon Flour Mills Co. Ltd.
Japan
-6%
"The acquisition of Peacock
from 154p in 2015. On Sept. 5, 2016,
Yamazaki Baking
Japan
-17%
will transform our U.S. business,
Carr's announced the sale of Carr's
strengthen our position in high
Flour Mills Ltd., the group's food
Indofood
Indonesia
53%
growth categories, broaden our
division, to Whitworths Holdings
Olam International
Singapore
9%
channel and customer exposure,
Ltd. for £36 million. With the sale,
Wilmar International
Singapore
22%
and add significant scale to our
Tim Davies, chief executive officer
Danone
France
-3%
operations," said Patrick Coveney,
of Carr's, said the company would
Ahold n.v.
The Netherlands
3%
c.e.o. of Greencore. "We believe
"continue to focus on our strategy
Corbion
The Netherlands
14%
Peacock's success is built on the
of delivering growth in our U.K. agDSM
The Netherlands
23%
same fundamental strategy and
riculture business, the development
Unilever
The Netherlands
-3%
values that drive Greencore."
of our international feed suppleNestle S.A.
Switzerland
-2%
Kerry Group finished the year
ment businesses and building our
Aryzta AG
Switzerland
-12%
at €67.67, down 12% from €76.84
specialist engineering division in
Alexandria Flour
Egypt
1%
in 2015. In an April 27, 2016, conniche markets across the globe."
East Delta Flour
Egypt
50%
ference call, Brian Mehigan, chief
Tate & Lyle P.L.C., the global
Middle Egypt Flour
Egypt
40%
financial officer, said the pipeline
sweetener company, had a 52-week
Middle and West Delta Flour Co. Egypt
52%
in North America continues to be
low of 529p and a high of 850p,
North Cairo Flour
Egypt
6%
strong.
but it ultimately ended the year at
South Cairo & Giza Flour Mills
Egypt
32%
"The work we're doing in terms
707.5p, up 18% from 599p in 2015.
Egyptian Starch
Egypt
12%
of
the taste, particularly into the
During fiscal 2016, the company
Upper Egypt Flour
Egypt
25%
beverage sector, we continue to
completed a number of major strucEbro Foods
Spain
10%
deliver good growth in the whole
tural change initiatives, includFlour Mills of Nigeria
Africa
-11%
savory meals, appetizers, into the
ing the realignment of the EastTiger Brands Ltd.
South Africa
26%
meat sector, with clean label," he
starch joint venture in Europe, the
28 / January 17, 2017 XMilling & Baking News

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Milling & Baking News - January 17, 2017

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