The sharemarket was flat today after reaching a multi-year high amid mixed earnings reports, benign minutes from the Reserve Bank of Australia's January board meeting, and a lack of direction from US markets after Presidents' Day. ...
Tags: Stocks flat, earnings, sharemarket
Apparel exporters in Pakistan have expressed unhappiness over the recent imposition of one percent withholding tax on all their purchases by the Federal Bureau of Revenue (FBR). Pakistan Readymade Garments Manufacturers and Exporters ...
Tags: Apparel exporters, FBR, Withholding Tax
The 3rd North American edition of the Sustainable Foods Summit was hosted in San Francisco on Jan 22-23rd. Improve efficiencies in food supply chains was the resounding message from the summit, which brought together over 160 senior ...
Tags: Foods Summit, food supply, food
Campbell Soup Co has signed a deal with Grupo Jumex and Conservas La Costeña that will expand its manufacturing and distribution capabilities in Mexico but result in the loss of 260 jobs. The deal, announced today (15 February), ...
Tags: Campbell Soup, Mexico, jobs
US food group Campbell Soup Co. has recorded a drop in first-half profits as costs related to its acquisition of Bolthouse Farms hit earnings. Earnings in the six months ended 27 January fell to US$430m, a 7.3% decline on last year, the ...
Regional US supermarket group and food distributor Spartan Stores has booked an increase in third-quarter earnings. Net profit in the three months to the end of December amounted to US$5.2m, a 2% increase on the prior-year period. ...
Tags: US supermarket group, food distributor, Spartan Stores, earnings
Global snacks giant Mondelez International has affirmed confidence in its ability to increase sales by at least 5% on an organic basis in 2012 amid concerns on Wall Street. Better management of input costs and higher sales in emerging ...
Tags: snacks giant, Mondelez International, sales
Weaker investor sentiment sent the Australian dollar to its lowest levels since October in thin trading conditions because of the Lunar New Year celebrations in Asia. The sharemarket was flat, also in thin trading, as investors remained ...
Tags: Australian dollar, October, lowest levels
The Australian dollar was half a US cent higher after the US dollar lost ground against the euro and the yen in overnight trade. At 6.30am AEDT the local unit was trading at 103.05 US cents, up from 102.55 cents at yesterday’s local ...
The sharemarket jumped to a 21-month high as stronger than expected trade data for China boosted confidence in Australia's biggest trading partner, and as the Reserve Bank said it had scope for further interest rate cuts. Shares were also ...
Tags: sharemarket, Shares, benchmark
Profits at Stater Bros have been hit by pressure on margins, as the California-based retailer invested in pricing during the first quarter. Stater Bros revealed yesterday (12 February) that first-quarter net income fell to US$5.4m, ...
Tags: retailer, Stater Bros, Margin Pressure
Aditya Birla Nuvo reports results for quarter ended 31st December 2012 -Revenue grew by 10 per cent to Rs.6, 305 crore -EBITDA rose by 29 per cent to Rs.1, 090 crore -Net profit surged by 28 per cent to Rs.323 crore For the ...
Tags: Fashion Retail, Sales, Aditya Nuvo
Gildan Activewear Inc announced record results for the first quarter of a fiscal year, which was slightly in excess of the guidance range which it had previously provided, and reconfirmed its earnings guidance for fiscal 2013 which it had ...
New Citroen importer Sime Darby has targeted a 35 per cent sales increase in Australian sales in 2013. The forecast comes as Sime Darby – also the official importer of Peugeot – officially takes management of Citroen from ...
Tags: Citroen, Australian Sales, 2015
Pentair Ltd. announced fourth quarter 2012 sales of $1.8 billion, an increase of 103 percent from the prior year quarter excluding 1 point of foreign exchange impact, reflecting the Flow Control acquisition. Adjusted fourth quarter 2012 ...
Tags: Pentair, Flow Control, company news