Swiss food manufacturer Huegli has blamed higher commodity costs for a plunge in half-year profits. The firm, which makes organic consumer brands and supplies other food manufacturers, as well as retailers and foodservice operators, ...
Tags: Huegli, commodity costs, plunge, half year profits
UK consumer goods group Reckitt Benckiser has recorded an increase in profits from its foods division in the first half of the year. In the six months to the end of June, the owner of French's mustard brand booked a 6.1% increase in ...
Tags: Reckitt Benckiser, foods division, food earnings climb
Hillshire Brands has added a Lemon Pound Cake to its Sara Lee brand, as well as making the label's signature Butter Pound Cake more moist. The US food group said the new lemon and butter varieties will be available at grocery stores ...
Convenience food group Greencore saw its share price climb nearly 4% this morning (27 November) after booking an increase in full-year profits Net profit soared 79.8% to GBP35.6m (US$57m) on the back of its acquisition of Marks and ...
Tags: Convenience food group, Greencore, share price, net profit
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
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
Price rises have helped US-based nut group John B. Sanfilippo & Son to book a 4% increase in full-year sales, despite lower volumes. For the 12 months to the end of June, Sanfilippo & Son saw net sales reach US$700.6m. The group ...
Tags: nut, sales rise, food market, food sales, food industry
US cereal giant Kellogg has booked a drop in first-half profit as raw material prices and weakness in Europe weighed on earnings. Net profit in the six months to the end of June amounted to US$659m, a 7% decline on the prior-year period, ...
US meat giant Tyson Foods has booked a drop in full-year profits as the company battled increasing grain and feed ingredients costs. In the 12 months ended 1 October, net profit slumped to US$576m from $733m in the prior year, the ...
Tags: Tyson Foods, full year profit, meat industry, food industry
Commodities giant Archer Daniels Midland has booked a drop in full-year profits as record corn prices hit earnings in the fourth quarter. In the three months to the end of June, net profit fell 25% to US$284m, while operating profits slid ...
Tags: corn, corn prices, corn crop
Switzerland’s Zurich Insurance Group has reported that its net profit attributable to shareholders after taxes for the third quarter of 2012 has declined by 62% to $477m from $1.2bn during the same period a year ago. Total business ...
Tags: Zurich Insurance Group, net profit, insurance, quarter 1
Japanese carmaker Nissan has recorded 4.845 million units in global sales in the fiscal year 2011, up 15.8% from last year's 4.185 million units, as demand for its vehicles outperformed the total auto industry which increased 4.2%. Nissan ...
Tags: nissan, operating profits, record sales, vehicles, electric vehicle
Business Standard reported that the timing of the acquisition couldn't have been worse. Just days after TATA Motors bought Jaguar Land Rover for EUR 1.15 billion 4 years ago, the world's financial markets collapsed. While funds became ...
Tags: TATA Motors, Jaguar Land Rover, JLR
• Geodis group operating profit increased by nearly 20%, reaching €53.1 million • Net debt was reduced by €67.5 million relative to that of 30 June 2005 The Board of Directors of Geodis held a meeting on 29 August ...
Tags: Geodis group, Geodis, Logistics
15.11.2012 − The Polish group Barlinek raised its revenues by around 10% to PLZ170.7m in the second quarter of this year. The company credited both higher sales volumes, notably in its flooring business, and a change in its product ...
Tags: Barlinek, flooring business, sales volumes