General Mills will close its pastry manufacturing facility in Berwick, UK by autumn of 2016. In this regard, the company has completed collective consultation process with employee representatives and union officials in order to arrive at ...
Tags: General Mills, Pastry
Alibaba has agreed to buy some 30 percent stake into China's food delivery service Ele.me, valued at 1.3 billion U.S. dollars. The deal is expected to be completed after the Spring Festival in Feburary of next year. After completion, it ...
China-based ZTE has received a cash injection from the government enabling the company to accelerate the development of its own application processors, while Lenovo also intends to develop ARM-based chips in-house, according to industry ...
Tags: ARM-Based Chips, IC Industry
Barentz, a food ingredients distributor, has acquired New Skyport, a Chinese distributor of specialty ingredients, following its recent cash injection. Barentz holds a robust position in specialty ingredients, functional and ...
Tags: Barentz, Skyport, food, nutrition products
China-based Bright Foods’ listed subsidiary is acquiring 50% stake in New Zealand-based meat cooperative Silver Fern Farms for NZ$311m ($197m) as it seeks to import more of agricultural products from New Zealand. Silver Fern ...
Tags: Bright Foods, sheep and beef, dairy
Heineken has expressed interest in acquiring Slovenian brewer Pivovarna Lasko, in a deal that would allow the Dutch brewing company to enter into Slovenia where it is not currently present. Lasko is up for sale since last year and ...
Ascent Solar Technologies Inc of Thornton, CO, USA, which makes lightweight, flexible copper indium gallium diselenide (CIGS) thin-film photovoltaic modules integrated into off-grid applications and its EnerPlex series of consumer products, ...
Tags: Ascent Solar, flexible copper
The company behind a revolutionary process which uses 3D printing to produce optics and lenses has secured ‘several million Euros’ worth of funding from three international venture capital funds. Luxexcel announced that ...
Fairfax Financial Holdings, the Canadian investment fund leading a takeover of smartphone maker BlackBerry, is to invest $250m in BlackBerry via a $1bn private placement of convertible debenture. The financing move marks the close of ...
Deals with Tesco and Sainsbury have helped build Leeds Brewery's sales, co-founder Sam Moss claimed, as it announced planned expansion of production and pub operations after securing £395,000 from Santander Corporate & Commercial. ...
Tags: Brewery Growth
French car maker PSA Peugeot-Citroen is in talks to divest stake to Chinese partner Dongfeng and the French state, in order to raise as much as EUR3bn in a capital increase. The company plans to conclude a draft agreement with state-owned ...
Tags: Peugeot-Citroen, PSA
PSA Peugeot Citroen is preparing a three billion euro ($4.3 billion) capital increase that would give Chinese firm Dongfeng Motor Corp and the French government matching stakes in the ailing car maker. French Government officials are in ...
The NHS has selected US developer Basho's open source database Riak to underpin its efforts to rebuild its Spine infrastructure. The new project, dubbed Spine2, will replace the existing infrastructure that was implemented as part of the ...
Tags: Computer Products
A grand NHS patient record system that was intended to computerise every patient record - before being abandoned - has cost UK taxpayers £10bn so far. Furthermore, hundreds of millions of pounds more in costs are expected to emerge ...
Tags: Computer Products, software
The Department of Health (DoH) has invited bids for the provision of an electronic staff record (ESR) system in a contract that could be worth up to £450m. The DoH released a "prior information notice" on the Official Journal of the ...
Tags: DoH