UK: Tesco shares up despite hit to UK sales Shares in Tesco climbed by over 6% this morning (2 December) despite the UK's largest grocer revealing that domestic sales growth during the last three months was half that reported in the previous quarter. FRANCE: Agreement reached in milk price row French milk producers and dairy companies have reached an agreement on milk price cuts, bringing to an end a dispute which has seen deliveries stopped and production plants blocked over the past month. SPAIN: SOS "shortlists two companies" in biscuit sale Spanish food group SOS Cuetara has reportedly shortlisted two companies, including Spanish bakery Panrico, as possible buyers in the sale of its biscuit business. NETHERLANDS: Unilever consolidates R&D activities Unilever is to combine the global R&D operations for its food, home and personal care and corporate research divisions. US: DeMet's acquires Nestle confectionery brands DeMet's Candy Co. has completed the acquisition of the Treasures and Stixx confectionery brands from Nestle USA. CHINA: KKR mum on Chinese dairy investment US private equity group Kohlberg Kravis Roberts has remained silent on reports that it is planning to invest around US$100m in the Chinese dairy sector.
