Tesco has posted a historic decline following a £1bn investment programme earlier this year, designed to bolster its online channel. The supermarket giant saw profits drop 10.5% to £1.6bn for its half-year result, the first ...
Tags: Tesco, investment programme, bolster, decline amid
US-based Kraft Foods is split into two independent companies and both the firms will start trading on the Nasdaq as separate entities from today. Mondelez International will trade on the Nasdaq under the ticker'MDLZ',while Kraft Foods ...
Tags: independent companies, separate entities, advertising, brands
Kraft Foods has agreed to sell a majority stake in its Back to Nature brand of natural-food products to US private equity firm Brynwood Partners for an undisclosed amount. Following the deal,Kraft will hold a minority stake between 25%and ...
Tags: stake, natural-food products, joint venture, annual sales
Kraft Foods has said the split of the company in two, creating a North American grocery company and a global snacks manufacturer, will take place in October. The establishment of US grocery business Kraft Foods Group and international ...
Tags: Kraft Foods, snack, food, split in two
Kraft Foods has reported an increase in first-quarter earnings as price increases and an earlier Easter than last year boosted sales. Kraft yesterday (3 May) reported a 1.8% increase in net earnings to US$819m for the three months to the ...
Tags: Kraft Foods, reported, increases, food, Easter
Associated British Foods has insisted it expects the performance of its grocery division to improve in the medium term as investments made to reduce its cost base begin to feed through to the bottom line. The company today(24 April)booked ...
Tags: investments, cost, EBITA