The sharemarket ended a three-day losing streak yesterday as the latest earnings results from US aluminium giant Alcoa reassured investors in the resources-heavy domestic bourse, with high-yield and defensive sectors of the market well bid. ...
Tags: aluminium, Alcoa, market well bid, aluminium market
The CEO of Iglo Group, Martin Glenn, has announced his intention to step down after six years at the helm. jGlenn, who has led the business since the Permira-backed buyout in 2006, will remain as an investor in the business and stay on ...
Tags: CEO, Iglo Group, Martin Glenn, helm
From January 1, 2013 Nathalie Benedikt (36) will be responsible for Finances/Controlling, IT and Human Resources in the Management Board at Pfeiffer Vacuum. Ms. Benedikt has been with Pfeiffer Vacuum for 13 years now and has headed the ...
Tags: 2013, Nathalie Benedikt, Pfeiffer Vacuum, Chief Financial Officer
The Australian dollar's moves yesterday reflected the differing pressures on the currency as a major international bank, HSBC, yesterday expressed concern about its long-term strength. The dollar broke through the $US1.05 level in trading ...
Tags: HSBC, dollar, international bank, Australian dollar
Canada-based natural and organic food group SunOpta has acquired the Bulgarian grain handling and processing facility of Organic Land Corp. The purchase of the Silistra-based facility, a strategic supplier for SunOpta, was made for ...
Tags: SunOpta, Canada, natural and organic food group, Organic Land Corp
UK supermarket group Morrisons has booked a "disappointing" set of results for the quarter to 30 December, with trading over the key Christmas period lagging the overall weak market. In its trading update, released this morning (7 ...
Tags: UK, supermarket group, Morrisons, sales
The UK’s fourth biggest supermarket Morrisons has “lost touch with its core customers”, claimed one leading city analyst, after the retailer reported total sales down by 0.5% over the six weeks to December 30 2012. ...
Tags: UK, supermarket, Morrisons, core customers
Stanley Black and Decker has announced it has completed the previously announced sale of its Hardware and Home Improvement Group to Spectrum Brands Holdings for $1.4 billion in cash. As previously disclosed, this tax-efficient ...
Tags: Stanley Black, Decker, sale, Spectrum Brands
Due to fluctuating demand in Europe, China-based solar module firms Yingli, Suntech and Trina Solar saw shipments in third-quarter 2012 decrease by 16.9%, 10%, and 9% respectively. Jinko Solar, on the other hand, benefitted from domestic ...
Tags: 3Q, 2012, China, Solar Firms
Food and drink deals, particularly the acquisition of Weetabix by China's Bright Food Group, dominated large-scale merger and acquisition activity in the UK in 2012, a new report by Experian shows. Food and drink was the most active ...
Tags: food, drink, acquisition, Bright Food Group
Gas for same-day delivery fell Friday on the UK's NBP trading hub due to low demand but is valued considerably higher for Monday, with temperatures expected to fall and demand rise. The within-day contract at 1200 GMT was valued at 62.10 ...
Tags: GAS, Gas storage facilities, Gas storage, oil prices, oil
IDG News Service - As the economy improves and at least some of the concerns about the so-called U.S. "fiscal cliff" are resolved, desire for new mobile, analytics and storage technology will drive IT spending this year, according to market ...
Tags: storage technology, tech industry, IT, Software
Kumba final results for the year ended 31 December 2011.Record safety,exports,earnings and dividends. Commenting on the results,Kumba Iron Ore("Kumba")CEO Chris Griffith said:"Driven by export volume growth and a 26%increase in iron ...
Tags: Kumba final results, operating, saftey, marketoutlook
Ukrainian Journal reported that Boryspil and Chernihiv automobile plants, large Ukrainian vehicle manufacturers in Ukraine, which are part of the Etalon Corporation, will be idle in January and February 2013 due to the absence of funds to ...
Tags: Boryspil, Chernihiv automobile plants, vehicle, UAH27
This article was originally published by Niqash.Any opinions expressed are those of the author,and do not necessarily reflect the views of Iraq Business News. .But the figures don't add up.Doing the sums results in one conclusion:unless ...
Tags: Iraq, budget, Iraqi Cabinet