One wonders whether an axe will be taken to the 57 varieties. But whatever transpires, it’s been a tasty deal for Warren Buffett

Kraft Heinz, the new company formed by the merging of two food staples, began trading yesterday on the New York Stock Exchange. Heinz, purveyors of 5(...)

Kraft Heinz is now Mr Buffett’s second-biggest stock investment, ahead of Coca-Cola and International Business Machines. Photograph:  Scott Olson/Getty Images

Warren Buffett helped take over Heinz in 2013 and facilitated its combination with Kraft Foods this year. His prize: a stake of about $24 billion in(...)

Going, going, gone: shrinkflation leads to ‘price increases by stealth’, says Dermott Jewell of the Consumer Association of Ireland. Photograph: Thinkstock

A reader recently bought a Brunch ice cream but, rather than bringing her joy, it saddened her greatly. On the packaging she was promised a thick c(...)

Photograph: Reuters /Nate Chute
Planet Business

Image of the week: Welcome signs A sign reading “This business serves everyone” is placed in the window of Bernadette’s Barbershop in downtown (...)

In 2010, Cadbury/Kraft employed 1,130 people here. Photograph: Alan Betson

When Kraft swooped on Cadbury back in 2009 there was trepidation at what this might mean for the chocolate company’s workforce here. There was great w(...)

Making a splash: one of the more curious things about the new milk scheme is that, unlike the various other Bord Bia quality plans for beef and lamb, this is a 26-county scheme

Last week Bord Bia launched something called the Sustainable Dairy Assurance Scheme. By 2016 Bord Bia wants every diary farm in Ireland signed up to (...)