Ahold has booked a 3% drop in net income during the first quarter of 2012 as the retailer invested in price cuts in the face of weakening consumer sentiment in Europe and the US. First-quarter net income fell 3.1% to EUR282m (US$352m), ...
Reuters reported that Hydro is focusing its Capital Markets Day 2012 on the improvement efforts being made throughout the company, aiming to create a global leader in aluminium. Hydro is expecting world aluminium demand outside China of 2% ...
Tags: aluminium extrudé, extruded aluminium, aluminium profile
US food manufacturer Lancaster Colony has booked a drop in full-year profits. In the 12 months to the end of June, earnings slid 9.9% to US$95.8m. Operating profits in the period dropped 2.5% to US$143.3m. Lancaster's speciality foods ...
Tags: Lancaster Colony, full year profits, drop, food industry
Nestle executive Stuart Irvine is to become CEO of Australian dairy-to-beer group Lion next year. Irvine will replace Rob Murray in January. Lion announced in February that Murray, himself a former Nestle executive, would leave the Pura ...
Dutch retailer Ahold has said it expects to see its margins recover in the Netherlands after conceding they were "weaker than expected" in the first half. Ahold this morning (22 August) booked an increase in first-half profits but its ...
Tags: Ahold, margins recover, profit, food industry
The week's two major stories broke within hours of each other on Wednesday - Tesco admitted it was "likely" to leave the US and Germany's Intersnack snapped up United Biscuits' salty snacks business. Elsewhere, ex-Tesco CEO Terry Leahy led ...
Tags: salty snacks, Intersnack, Hula Hoops, McCoy's, Skips, dairy, pork sector
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
Dutch organic food specialist Wessanen has seen its second-quarter profits slide as a result of lower sales volumes and higher marketing spend. The company today (25 July) booked net profits of EUR3.1m (US$3.8m) in the quarter, down from ...
Tags: Wessanen, second quarter profit, marketing spend, sales volume
Global trade activity saw a steep dip from September to October, according to data released by Panjiva, an online search engine with detailed information on global suppliers and manufacturers. U.S.-bound waterborne shipments, which were ...
Tags: global trade activity, steep dip, holiday season, green
In 2012 Australian retail conditions continued to be difficult. Although the fundamentals of the Australian economy improved with growing GDP, declining interest rates and low levels of unemployment, consumer sentiment remained soft with ...
Tags: retail conditions, fundamentals, growing GDP, consumer sentiment
Myer Holdings Limited(MYR)reported first quarter total sales for the thirteen weeks to 27 October 2012 of$688.0 million,up 1.0 percent compared to last year.On a comparable store sales basis,sales were up 0.8 percent compared to last year. ...
Tags: Myer Holdings, first quarter total sales, Menswear, Womenswear, Cosmetics
UK meat packer Hilton Food Group has said its first-half results are "in line" with expectations as it battles depressed consumer sentiment throughout Europe. In its interim update today (6 November), the company said "steady progress" ...
Tags: Meat Firm, Hilton, meat packing
Victoria PLC reports the following update on trading for the six months to 29 September 2012 ahead of its Half-yearly results to be announced in mid-November 2012. Trading throughout the Group has been satisfactory, particularly in the ...
Tags: Victoria PLC, breakeven outcome, wool, wool-rich carpets
Despite a steady rise in retail spending, Australian retailers are still feeling the effects of low levels of consumer sentiment, driven by economic uncertainty and low job security. Retail sales growth over the past six months has been ...
Tags: retailers, economy, sales growth, investment spending
In the latest sign of significant slowing in China’s plastics industry, the country’s largest injection press maker, Haitian International Holdings Ltd., said Aug. 21 that sales for the first half of the year dropped 14 percent ...
Tags: market view, plastics machinery