Germany-based steelmaker Salzgitter Group has announced a further downward revision of its guidance for 2013 given the persisting structural crisis in the European steel industry. The company said that the direct and indirect consequences ...
Tags: Salzgitter, steelmaker
Premier Foods will continue to develop its Power Brands and deliver a further £10M of cost savings this year, according to a statement accompanying its half-year results posted today (July 23). Gavin Darby, chief executive officer, ...
Tags: Premier Foods, Agriculture
Nokia has bought Siemens' 50 per cent stake in Nokia-Siemens Networks (NSN) for €1.7bn, enabling it to re-take full control of its telecoms network business. "With its clear strategic focus and strong leadership team, Nokia Siemens ...
Tags: Nokia, Siemens, Telecoms Equipment
Lighting manufacturer PhotonStar LED Group has generated £8.7m in sales in 2012, up by 44 per cent when compared to the year before. The company’s 2012 sales rose dramatically from £6.06m in 2011, according to the ...
Tags: Photonstar, Lighting
German steelmaker Salzgitter has announced an adjustment of its guidance for the current year, now expecting a pre-tax loss for the year due to higher raw material and energy costs. Salzgitter also said that the anticipated seasonal upturn ...
Tags: Salzgitter, Raw Material
Panasonic has reported its consolidated financial results for the third quarter and nine months ended December 31, 2012, of the current fiscal year ending March 31, 2013. Consolidated fiscal 3Q12 results Consolidated group sales for the ...
Tags: Panasonic, financial results, third quarter
Chinese automotive powerhouse Geely has come to the rescue of the iconic London black taxi by agreeing to purchase Coventry-based cab maker Manganese Bronze, saving it from administration and the threat of closure. Zhejiang Geely Holding ...
Germany-based steelmaker Salzgitter Group has issued its preliminary key financial results data for the fourth quarter and the full year 2012. For 2012, Salzgitter Group has announced a loss of 100 million, compared to a 236 million ...
Tags: steelmaker, Salzgitter, steel demand
Surprise acquisitions,top level exec changes,retail casualties and the London 2012 effect,the continued dominance of LEGO and Moshi Monsters in-store–not to mention some eye-watering charity challenges…the toy business has ...
Tags: acquisitions, LEGO, Moshi Monsters, Mookie Toys
According Malaysian Perwaja Holdings'consolidated financial results for July to September quarter 2012,the group reported a higher revenue of MRY 372.0 million,an increase of 4.4%from the same quarter the previous year,mainly driven by ...
Tags: Malaysian Perwaja Holdings, financial results, loss, ETP projects
Sims Metal Management Limited the world's largest listed metal and electronic recycling company announced the sale, effective November 30th 2012, of its Arizona scrap metal recycling assets to SA Recycling LLC. SAR is a joint venture owned ...
Tags: scrap metal recycling, metal and electronic recycling company
US retailer Safeway Inc has booked an increase in third-quarter earnings, helped by one-time items, but reported a drop in operating profit as it battled weak consumer confidence. The company said yesterday (11 October) net profit ...
Tags: Safeway Inc, earnings, operating profit, consumer confidence
US retailer Safeway Inc has booked a decline in operating profit in the first half of the year. For the 24 weeks ended 16 June, operating profits slid to $437m, an 11.9% decline on the prior-year period. The retailer blamed the dedcline ...
Tags: Safeway Inc, operating profit, food market, food industry
The UK's largest dairy processor Dairy Crest has made a full-year net loss after incurring impairment charges at its dairies business. For the 12 months to the end of March, Dairy Crest made a pre-tax loss of GBP10.1m (US$5.8m) compared ...
Tags: Costs, Profits, dairies business
Bernard Matthews has said it is "cautious" on the outlook for the coming 12 months, despite returning to profit in its last financial year. The company said pre-tax profit in the 12 months to 1 July rose to GBP2m (US$3.2m). In the ...
Tags: feed costs, consumer sentiment, turkey