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The week's must-read seafood headlines: Brexit prep; salmon finances; and the redirection of a seafood giant

The week's most important news and analysis from your IntraFish editorial team.

The third week of August was one of ups and downs, but as always, yielded some insightful analysis and important news updates.

Editorial Director Drew Cherry's column "Salmon Farming is too big to fail" brought controversy to the IntraFish social media pages with some fairly upset people showing eye-opening aversion to the industry and its successes.

In another politically charged story Correspondent John Evans wrote a revealing guide to Brexit and what it is likely to bring to those in or trading with the UK seafood sector, asking the question "Is your business ready?"

It was Q2 financial results week in Norway and as many of the largest salmon producers announced their second quarter earnings -- a mixed bag of rises and falls -- we got the low-down from analysts and top execs on what they meant, with the Norwegian stock market also giving a firm opinion.

To help give context, Reporter Demi Korban also rounded up the world's most valuable salmon farmers in a handy guide.

In Chile, the Nova Austral case rumbles on, with the news the company has not complied with authorities' investigations, and more bad news in the form of a new law that could eliminate 50 percent of Magallanes's salmon farming licences. As the Cermaq Chile managing director told Senior Reporter Lola Navarro: "There is a lot of rethinking to do."

Over in the land down under, another salmon producer is accelerating plans to broaden its horizons with the news that Tassal is starting to seriously invest in its sizeable shrimp farming plans.

Continuing on the theme of shrimp, Correspondent John Evans gave a fascinating insight into US restaurant giant Red Lobster's shifting focus on the back of news the company was overseeing a shake up to its top procurement team and Reporter Nina Unlay asked if Thai Union's $575 million investment in the company might finally pay off.

Red Lobster wasn't the only company that saw management changes in the week. Animal health and nutrition company Benchmark saw its founder and CEO resign; Thai Union appointed an ex-Labeyrie exec to head up MerAlliance and the CEO of a Texas land-based shrimp farmer resigned.

Staying in the United States, we reported the news that the Blue North/Clipper deal has been stymied by a Department of Justice delay and notorious east coast seafood smuggler Carlos Rafael was ordered to pay $3 million to NOAA to settle his case.

Legal cases are all the rage now in the seafood sector: to help our readers get a grip on some of the longer running ones, Reporter Rachel Sapin produced a round-up of the most high-profile.

But that's just a taster of the week's news. To keep on top of all the world's most important seafood business news, sign up to our Editor's Picks newsletter.

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