Food price inflation is expected to stabilise over the next few months – despite recent reports of big food price increases from Waitrose – according to market research organisation BRC-Nielsen. Sainsbury reported total ...
Tags: food, price inflation, food price, Waitrose
BusinessDesk reported that Fletcher Building,the country's biggest listed company,is to sell its CSP Coating galvanised steel unit to Hamilton based Perry Group as it looks to replace some of its treated metal products with imports. Perry ...
Jason Wu, chairman of Taiwan-based LED lighting firm Edison Opto, will also be the chairman for LED packaging house Lumenmax starting January 1, 2013. This will allow Edison Opto to expand business into LED packaging. The firm also plans to ...
Tags: LED lighting, LED packaging, Edison Opto
Government departments have been given the go-ahead to use iPhones to send and receive sensitive emails, as part of moves to broaden the number of approved public sector mobile devices beyond BlackBerrys. Under new guidelines, civil ...
Tags: iPhone, mobile device, Apple device, BlackBerry
Nokia reported a 39% year-on-year drop in the number of smartphones it sold in the second quarter, to 10.2 million, while its net loss more than trebled. The company's total revenue for the quarter fell 19% year over year, to 7.54 billion ...
Tags: Nokia, Q2, Smartphone, Sales
Business Line reported that TATA Motors’ posted a 13.43% fall in total sales, including exports, at 66,500 vehicles for November 2012, compared with 76,823 units sold during the same month a year ago. The company in a statement ...
Tags: Tata motors, fall in sales, sales of commercial vehicles
US regional retailer Tops Markets has reported a half-year profit despite a fall in sales. Tops, which has over 120 stores in New York state and Pennsylvania, booked net income of US$10.1m for the 28 weeks to 14 July, compared to a $1.8m ...
Tags: Tops Markets, H1 profit, lower sales
PTI reported that the government is likely to sell its 10% equity this week in iron ore miner NMDC, which could fetch the exchequer nearly INR 6,300 crore at the current market price. A senior government official said that "The stake sale ...
Tags: iron ore miner, market price, largest domestic iron ore miner
Kraft Foods has booked an increase in first-half profits, despite recording a fall in sales, thanks to productivity and price gains. In the six months to the end of June, net profit increased 4.2% to US$1.85bn. Operating profit in the ...
Tags: Kraft Foods, first half profits, fall in sales, food price
Singapore-based consumer and B2B chocolate and cocoa group Petra Foods has booked an increase in half-year profits despite lower sales. A strong performance from Petra Foods' consumer brands offset a fall in sales and earnings from cocoa ...
French retail giant Carrefour has suggested that efforts to improve the performance of its hypermarkets in France were paying off, despite sales falling in the second quarter of the year. Like-for-like sales from Carrefour's French ...
Tags: Hypermarkets, Carrefour, retail giant, market
French automaker Peugeot is planning to trim the production of its new 208 supermini car and remove a production shift during late 2012 in the midst of slow European auto sales only six months following its launch in April 2012. ...
Tags: Peugeot, 208 supermini car, vehicles, production shift
HP has confirmed it is writing off about$8bn after the drop in value of EDS,as the result of internal decisions combined with the global economic climate. Earlier this month Hewlett-Packard(HP)warned that it would write off$8bn after the ...
Tags: EDS, HP, reduction in its latest financial results, business damaged