Archive for the 'Europe | U.K' Category

27 May

European Union set to support olive oil sector with storage aid

By Jeremy Smith & Anthony Barker, European Union regulators suggested granting olive oil producers subsidies for private storage from as early as June as a way to prevent more price falls, the European Commission said on Monday. The Commission’s proposal, to be discussed soon by national experts from the EU’s 27 countries, would allow subsidised […]

11 May

Spanish olive oil producers get support from the EU to expand export markets

In an effort to avoid the local drop in sales, Spanish wine and olive oil producers decided to join forces and boost the export market over the next year through promotion and marketing campaign also supported by the Spanish government and EU with a budget between 18 and 45 million euros. The export market of […]

10 May

SOS Cuetara to issue 200 mln euros of shares to plug hole

Spain’s SOS Cuetara (SOS.MC) said on Sunday it would issue 200 million euros of new shares to plug a hole in its accounts after top executives were discovered siphoning off funds to buy shares in the olive oil bottler. SOS said it was restating 2008 results and booking a loss after it emerged that chairman […]

10 May

Two Microsoft millionaires cultivate high-end Italian olive oil

By Melissa Allison & Amy Martinez, This fall during the olive harvest in Italy, Dan McCarthy plans to have about 180 bottles of freshly pressed olive oil shipped by air from the 50-acre Tuscan estate of his former Queen Anne customers, Enzo Schiano and Claire Beliard. To cover the airfreight, McCarthy & Schiering Wine Merchants […]

02 May

SOS Cuetara’s top execs fired, shares suspended

by Tracy Rucinski & Rodrigo de Miguel, Spain’s SOS Cuetara (SOS.MC), the world’s biggest olive oil bottler, said on Thursday it had fired its two top executives after discovering last month they had used company funds to buy SOS shares. “SOS Group’s board, which met today, has fired Jesus and Jaime Salazar Bello as chairman […]