Company News
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Company News
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UK Retailer Marks and Spencer Today Hailed The "Strong" Performance of Its Food Business
Dec 13, 2012UK retailer Marks and Spencer today (22 May) hailed the "strong" performance of its food business, which posted higher sales and margins in a year when company-wide profits fell. The company reported a 0.2% fall in underlying pre-tax ...
Tags: Marks and Spencer, food business, sales, profit
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Former TescoCEO Terry Leahy Will Take up The Post of Chairman at B&M Retail
Dec 13, 2012Former TescoCEO Terry Leahy will take up the post of chairman at B&M Retail after private equity firm Clayton, Dubilier & Rice acquired a majority stake in UK discount retailer. B&M, owned by the Arora family, will continue to be managed ...
Tags: Tesco, Clayton, acquisition, discount retail
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Post Said That It Expects to "Meet or Slightly Exceed" Its Full-Year Earnings Forecasts
Dec 13, 2012Post Holdings said this morning (22 October) that it expects to "meet or slightly exceed" its full-year earnings forecasts. The ready-to-eat cereal maker said that it expects to hit, or beat, its previously announced EBITDA guidance range ...
Tags: Post Holdings, earnings, cereal, food market
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Michael Foods Has Booked an Increase in First-Half Net Profit as Lower Financing Costs
Dec 13, 2012Michael Foods has booked an increase in first-half net profit as lower financing costs, improved margins and higher sales boosted the bottom line. The US egg packer said today (14 August) its net earnings for the six months to 30 June ...
Tags: Michael Foods, first-half net profit, lower financing costs
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Chiquita Brands International Has Swung to a First-Half Loss as a Drop in Sales
Dec 13, 2012Chiquita Brands International has swung to a first-half loss as a drop in sales and higher sourcing costs hit profits. In the six months to the end of June, the US produce giant booked a net loss of US$6m compared to earnings of $102m ...
Tags: Chiquita Brands International, sales, sourcing cost, net loss
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Cal-Maine Foods' First-Quarter Net Profits Has More Than Tripled as Sales Climbed
Dec 13, 2012US egg firm Cal-Maine Foods' first-quarter net profits has more than tripled as sales climbed on higher average market prices for shell eggs. In the three months ended 1 September, earnings surged to US$9.4m from $3.1m last year, the firm ...
Tags: CalMaine Foods, net profits, sales, shell egg
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Harmon Terminates Sold off Individual Locations of Its 24-Hour on-Call Service Businesses
Dec 13, 2012Bloomington,Minn.-based contract glazier Harmon Inc.,part of Apogee Enterprises,announced it has sold off the individual locations of its 24-hour on-call service businesses and will no longer focus on this area.According to the ...
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Verallia Heads The Greatest Investment in a New Industrial Plant Ever Made in Argentina
Dec 13, 2012The investment is intended for producing bottles for wines and sparklings.The company will expand its production capacity by 50%. Verallia heads the greatest investment in a new industrial plant ever made in Argentina in 2012.The local ...
Tags: investment, Verallia, Argentina, glass industry
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Chinese Snack Food Firm American Lorain Has Reported Mixed Third-Quarter Results
Dec 13, 2012Chinese snack food firm American Lorain has reported mixed third-quarter results, with the bottom line hit by one-off items but operating profit increasing. Net income was down 25.7% to US$5.3m, mostly thanks to a gain the company ...
Tags: American Lorain, operating profit, sales, income, company news
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Tesco Underwriting Named National Windscreens as Glass Repair and Replacement Provider
Dec 13, 2012Tesco Underwriting has named National Windscreens as its preferred vehicle glass repair and replacement provider for its insurance customers. The contract will allow 24-hour access to National Windscreen services through a call center ...
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PPG Reached an Agreement to Acquire Certain Assets of Spraylat Corp
Dec 13, 2012PPG Industries announced it has reached a definitive agreement to acquire certain assets of Spraylat Corp.,a privately-owned company that specializes in industrial liquid and powder coatings that are applied to metal,glass and plastic ...
Tags: PPG, industry, Spraylat Corp., liquid and powder coatings
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Crane Co.announced the appointment of Louis V.Pinkham as Group President
Dec 13, 2012Crane Co.announced the appointment of Louis V.Pinkham as Group President,Fluid Handling.He will be responsible for the leadership and management of Crane s Fluid Handling businesses,which represents approximately 45%of the Company s ...
Tags: Crane Co., Louis V.Pinkham, Fluid Handling
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Industry Veteran Leon Silverstein Joined The Ravenbrick Board of Directors
Dec 13, 2012Industry veteran Leon Silverstein joined the RavenBrick board of directors,according to an Oct.16 announcement from the Denver-based supplier of thermochromic window technology.Silverstein will be one of six members on the reorganized ...
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Transbotics Corporation Hosted Its Inaugural Educational Luncheon on September 28th
Dec 13, 2012October 16, 2012 Transbotics Corporation hosted its inaugural educational luncheon on September 28th with students from a FIRST Robotics Competition Team and a First Lego League Team. FIRST is a 501c3 nonprofit organization created to ...
Tags: Transbotics Corporation, luncheon, automated guided carts, education
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Local and International Trade Associations Gave Strong Support to Premiere of Ifat India
Dec 13, 2012Local and international trade associations are giving strong support to the premiere of Ifat India,which takes place from October 24 to 26,2013,at the Bombay Exhibition Centre(BEC)in Mumbai. Dr.Amiya Kumar Sahu,President of the ...
Tags: Local and international trade associations, Ifat India, BEC
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