The Australian Retailers Association (ARA) said the 0.2 per cent month on month drop in December retail trade reported by the Australian Bureau of Statistics would be disappointing to retailers who were hoping for a boost in sales over the ...
Tags: Australian Retailers, ARA, Office Supplies
Cake maker Finsbury Food Group has reported relatively flat sales for the half year to December 29, up marginally to 103.3M compared with 102M for the same period of the previous year and in-line with management expectations. Finsbury's ...
Tags: Cake maker, Cake business, bread
Australian businesses have pulled back their profit expectations for the coming months as they anticipate modest sales activity, difficult trading conditions and subdued consumer activity. After showing signs of optimism leading into the ...
The Australian dollar gained after rises on US sharemarkets helped the currency rebound from an earlier sell-off. At 7am AEDT the currency was trading at 104.12 US cents, up from 104.06 US cents at yesterday’s local close. BK ...
Tags: Australian dollar, US, sharemarkets
US cereal giant Kellogg has recorded an increase in full-year profits and reiterated its 2013 outlook. Earnings in the year to 29 December amounted to US$961m, an 11.2% increase on the prior-year period. The growth was boosted by its ...
Tags: Kellogg, cereal giant, Profits
CALHOUN, Ga. — January 28, 2013 — Mohawk Industries, Inc. (NYSE: MHK) announced today that it has entered into an agreement to purchase Spano Invest NV ("Spano"), a Belgian panel board manufacturer, for €125 million ($168 ...
Annual inflation in the euro area is expected to be 2.0 percent in January down from a revised 2.2 percent in December 2012, according to flash estimates released by Eurostat, the Statistical Office of the European Communities. Flash ...
U.S tech companies lead all other industries in patent production, and Silicon Valley has the highest patent-producing population, says a new study. Moreover, the rate of patenting by U.S. inventors "is at its highest point since the ...
Tags: Industrial Revolution, Computer Products, U.S.Inventiveness
Dr. A Sakthivel, Chairman AEPC, on behalf of the entire garment and textiles industry has welcomed the RBI third quarter review of monetary policy 2012-13. In his statement Dr Sakthivel said, “The lowering of the policy repo rate ...
Tags: Chairman AEPC, garment and textiles industry, RBI, CRR
Full year 2012 earnings from continuing operations attributable to the Company were $1.12 per share (diluted), compared with a loss of $3.06 per share in 2011. Excluding certain items management considers not representative of ongoing ...
Tags: share, earnings, Interest expense
The findings of a study by the United Nations Environment Programme (UNEP) have highlighted the huge benefits that can be reaped by making a switch to energy-efficient lighting. Using Africa as a case study, the report notes that if Kenya ...
Tags: UN, Lighting, energy-efficient lighting
Minister for Mines and Energy Edison Lobao said Wednesday the proportion of ethanol added to gasoline would be increased from 20% to 25% on May 1. Speaking to reporters in Brasilia following a meeting with Finance Minister Guido ...
Canadian baker Canada Bread, in which Maple Leaf Foods has a 90% stake, has announced plans to close two bakeries, affecting around 120 jobs. The facilities are located in Grand Falls in New Brunswick and Edmonton in Alberta. The ...
Tags: Canada Bread, baker, Maple Leaf Foods
London-listed Ukrainian dairy firm Ukrproduct said it is expecting an "encouraging" improvement in performance year-on-year when it releases its full-year earnings figures in April. The company said today (31 January) it expects sales and ...
Tags: dairy firm, dairy sector, cheese exports
A Taiwan delegtation formed by government officials, researchers and industry players recently concluded a six-day visit in Japan, where they probed the possibilities of forming strategic alliances between the two countries. According to ...