Sweden-based retailer ICA, in which Dutch retail giant Ahold owns a majority stake, has reported higher half-year profits. ICA, which has stores in Sweden, Norway and in the Baltic, booked net income of SEK776m (US$117.2m), up from ...
Tags: Retailer ICA, earnings rise, majority stake
Annual profits from Associated British Foods' grocery business, which includes Kingsmill bread and Jordans cereal, fell 23%, the UK-based group said today (6 November). Adjusted operating profit from the grocery arm, which also sells ...
Tags: annual profits, Associated British Foods, grocery business, Kingsmill
John Dixon, the head of Marks and Spencer's food business, has been moved to lead its general merchandise arm in a management reshuffle sparked by the departure of non-food boss Kate Bostock. Dixon, who will take his new role on 1 ...
Expansion into Russia and store openings hit Finland-based retailer Kesko's food profit in the first nine months of the year. Operating profit excluding non-recurring items from its food arm were down 7.6% to EUR123.4m (US$160.5m) in the ...
Tags: retailer, food profit, food, Operating profit
Some 900 jobs are to go at Premier Foods plc after the Hovis manufacturer announced a range of measures to reshape its bread business. Premier plans to close two bakeries, cut over 100 distribution routes and revamp its logistics ...
Tags: Premier Foods, bread arm, bread business, Foods
Finnish food group Raisio has established two branded divisions, which will run its consumer and licensed products. Paul Simmonds, who oversaw UK snack firm Glisten prior to its acquisition by Raisio, has been appointed vice president of ...
Tags: branded divisions, food, licensed products, snack firm, snack
Finnish food group Raisio is to cut jobs in its domestic market as reshapes the business to lower costs and make it more efficient. The company said the streamlining would affect 56 staff. Raisio's domestic consumer foods business will ...
Tags: jobs, food group, food
Premier Foods plc has sold ethnic flour business Elephant Atta to UK rival Associated British Foods, the latest disposal in its move to cut debts. The GBP34m (US$52.8m) deal includes the Elephant Atta brand, which Premier described as the ...
Tags: Premier Foods plc, ethnic flour, food industry, food market
Nick Bunker, the head of Kraft Foods' businesses in the UK and Ireland, is to become CEO of United Biscuits recently-separated snacks unit. United Biscuits said today (6 August) Bunker would become chief executive of KP Snacks on 1 ...
Tags: Nick Bunker, snacks unit, Kraft Foods, United Biscuits
The new XE303C12 model Chromebook is powered by Google Chrome OS Samsung Electronics in collaboration with Google has launched its new Chromebook, which is powered by Google Chrome OS. The new Chromebook comes equipped with Samsung ...
Tags: Samsung, Google, Chromebook, display screen
14nm finfet technology will level the playing field for the fabless community by giving them a process as good as anything available in the IDM community,Mojy Chian,senior vice president for design enablement at Globalfoundries,told the ...
Tags: technology, GF, 14 nm
New 64-bit ARM technology-based processor integrates AMD SeaMicro Freedom supercompute fabric to offer processing applications for modern data centre Semiconductor firm AMD is planning to develop new 64-bit ARM technology-based processors ...
The HSA Foundation is established to define and promote an open, standards-based approach to heterogeneous computing Technology firms AMD, ARM, Imagination Technologies, MediaTek and Texas Instruments (TI) have came together to form a non ...
Tags: HSA Foundation, non profit consortium, Heterogeneous System Architecture
Exynos 4 Quad is built on the High-k Metal Gate low-power process technology Samsung Electronics has introduced Exynos 4 Quad, a new quad-core application processor built on the High-k Metal Gate (HKMG) low-power process technology. The ...
Tags: Samsung Electronics, Exynos 4 Quad, system-level architects
Expects revenue of $14.3bn, plus or minus $500m for Q3 2012 Intel has reported 3.6% increase in second quarter revenue in 2012 to $13.5bn from $13.03bn it reported during the corresponding period in 2011. Intel's operating income was ...
Tags: Intel, operating income, multiple product introductions, smartphones