Economic Times reported that HMT Ltd has plans to invest INR 200 crore for expanding tractors capacity, engine production and roll out premium watches as part of its strategy to reach INR 3,000 crore of turnover in the next 5 years. The ...
Tags: Economic Times, HMT Ltd, tractors capacity, engine production
Shares in Ocado surged this morning (19 November) as the UK online retailer said it had extended its debt facility and would raise GBP35.8m (US$57m) in a placing to fund expansion of the business. In an announcement today, the retailer ...
Tags: Ocado, online retailer, gross sales
Singapore agribusiness giant Olam International has acquired Egypt-based onion and herb business Dehydro Foods. Olam said Dehydro is Egypt's largest exporter of dehydrated onions and would add to its B2B ingredients business. "This ...
Tags: Olam, onion, herb, ingredients
Over the past few years much has been said about the amazing economic and industrial growth achieved by China.Let's be honest,China's growth has been absolutely remarkable and is the envy of the world.In 2010 China became the world's ...
Tags: China, Remarkable, Growth, Clay
French retail giant Carrefour has booked an increase in first-half sales, driven by growth in emerging markets, notably in Latin America. Growth in Latin America and Asia boosted sales for Carrefour in the six-month period as group sales ...
Tags: H1 Sales, Europe sales, Carrefour
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
US own-label group Ralcorp Holdings, which today (27 November) agreed to a takeover bid from ConAgra Foods, returned to profit in its fiscal 2012 year, boosted by acquisitions made during the year. In the 12 months to the end of ...
Tags: Foods, Foods industry, profit, operating profit
Ralcorp Holding has sold its remaining stake in cereal maker Post Holdings as it looks to free up funds to support its growth strategy. The company said that the sale of its remaining 20% Post stake will reduce outstanding debt by ...
Tags: Ralcorp Holding, Post Holdings, growth strategy, food industry
Price increases to offset higher commodity costs has boosted sales - and therefore profits - at US nut firm John B. Sanfilippo & Son. The company booked net income of US$7.5m for the quarter to 27 September, compared to $2.2m a year ...
Tags: commodity costs, sales, food market, food industry
Spanish food group Ebro Foods has recorded an increase in profit in the first nine months of the year driven by the integration of businesses acquired last year and innovation. Ebro posted a net profit of EUR110m (US$141.6m) in the ...
Tags: profit rise, Ebro Foods, acquisition, food industry
Brazil-based meat giant Marfrig today (14 August) booked a second-quarter profit, moving back into the black after a loss in the corresponding period last year. Marfrig, which owns the Seara brand, posted net income of BRL15.5m (US$19.1m) ...
Tags: Meat giant, Meat, net income, profit
Convenience food group Greencore saw its share price climb nearly 4% this morning (27 November) after booking an increase in full-year profits Net profit soared 79.8% to GBP35.6m (US$57m) on the back of its acquisition of Marks and ...
Tags: Convenience food group, Greencore, share price, net profit
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
Premier Foods plc has offloaded another of its brands, this morning (30 October) announcing the sale of Branston pickle to Japanese group Mizkan. The UK food manufacturer has agreed to sell its sweet pickles and table sauces to Mizkan for ...
Tags: Premier Foods plc, Branston pickle, food brand, food product
US food manufacturer Lancaster Colony has booked a drop in full-year profits. In the 12 months to the end of June, earnings slid 9.9% to US$95.8m. Operating profits in the period dropped 2.5% to US$143.3m. Lancaster's speciality foods ...
Tags: Lancaster Colony, full year profits, drop, food industry