Unilever's shares were up 3% this morning (25 October) despite food sales volumes falling in the third quarter as its spreads brands suffered from high pricing in key markets. Unilever, which owns food brands including Knorr stock cubes ...
Tags: food volumes slide, Unilever, high pricing
The treasurer Mr Wayne Swan before a government report on GDP this week said that growth in Australia, the world's biggest exporter of iron ore and coal, may have slowed last quarter as commodity prices fell. Mr Swan said that "We ...
Tags: iron ore price news, australia economy, economic growth, coal mines
Princes is hoping to "invigorate" the added-value tuna sector in the UK with the launch of a range of "on-the-go" tuna salads. In a bid to tap into the lunchtime market, Princes has rolled out a four-strong range that includes Tomato ...
Tags: Princes, lunchtime NPD, tuna salads
Industrial and construction growth in Argentina during the past five years fueled the paints and coatings market and is expected to continue its fast pace.In the paints and coatings industry,like most Latin American countries,the ...
Tags: Industrial, Construction, Argentina, Paints, Coatings, Continue, Boom
Dutch retailer Ahold has booked a decline in operating profit as investments in pricing hit margins. The company booked an 11% increase in sales, which rose to EUR1.6bn (US$9.67bn) as its strategy to lower prices resulted in higher ...
Tags: Ahold, operating profit, decline, food industry
Sainsbury's was the "stand-out performer" in the UK's grocery market in the last three months, according to the latest data from Kantar Worldpanel. The retailer's sales climbed 6.4% in the 12 weeks to 28 October, increasing its share of ...
Tags: grocery market, sales, grocery
Canadian food manufacturer Maple Leaf Foods has booked a drop in first-half profits. In the six months to the end of June, net earnings amounted to C$33.3m (US$33.2m), a 5.2% decline on the prior year. Adjusted operating earnings, ...
Tags: profits, food manufacturer, food, net earnings
Boosted by growth in all segments,Jotun Group announced strong tertiary and year to date numbers in its latest financial report. "We are happy with the continuous sales growth and EBITA development after a challenging 2011,"said Morten ...
Tags: Jotun Group, financial report, coatings
Russian meat processor Cherkizovo has reported a jump in first-half earnings as profits from each of its three businesses increased. Net income was up 56% to RUB2.95bn (US$94.4m) for the period to the end of June. Operating income ...
Tags: Meat, meat processor, Net income, meat processing
South African retailer Massmart Holdings said its growth remained "steady" in the 20 weeks to 11 November but warned on margins for the second half. Notwithstanding "political uncertainty, both nationally and globally", South African ...
Tags: Massmart Holdings, growth, margin, food product
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
UK cake maker Finsbury Food Group has seen its annual sales propelled by new product development and contract gains in the back half of last year. The company booked a 9.4% increase in sales for the year to 30 June, which rose to GBP207m ...
Tags: Finsbury Food Group, annual sales, product development, food industry
Much of the talk for manufacturers on the release of their first-half and second-quarter results last week was focused on weakness in Europe and the knock-on effect from the impact of the US drought on corn prices. Elsewhere, Haribo said it ...
Tags: corn prices, drought, Foods plant
Canadian retailer Metro Inc has today (9 August) posted a rise in third-quarter net profits on the back of increased sales. Net earnings for the quarter ending 30 June increased 13.6% to C$144.4m (US$225.6m). EBITDA climbed 10.3% to ...
Tags: Profit, Net earnings, Metro, net profits
Russian retailer O'Key has booked an increase in third-quarter sales amid a "stable" trading environment and an increase in selling space. In the three month period, like-for-like sales increased 4.5%, the retailer reported today (12 ...
Tags: Russian retailer, O'Key