Dairy Crest has reported a"continuing difficult trading environment",particularly for its Dairies Division,for the first half of the financial year(H1).This has led analysts to call for an improvement in its performance in the second half ...
Tags: Dairy Crest, Dairies business, Dr Clive Black, Darren Shirley
Canadian dairy firm Saputo has signed a deal to acquire the Morningstar business of Dean Foods. The US$1.45bn deal will be financed through a newly-committed bank loan, Saputo said today (3 December). The acquisition will help expand the ...
Tags: dairy, Morningstar, Dean Foods, acquire
Addressing the 39th Annual General Meeting of Gujarat Alkalies and Chemicals Limited (GACL), the Chairman Shri A.K. Joti, IAS announced an all time high sales of Rs.1863 crore, registering a growth of 19.35% in a challenging Financial Year ...
Tags: caustic soda, caustic soda plant
UK-based Premier Foods has sold Elephant Atta ethnic flour business to Westmill Foods,a subsidiary of Associated British Foods(ABF),in an all-cash deal of £34m,as a part of its plan to lower debts and avoid a breach of its credit ...
Tags: flour, debts, credit agreement
Body Central Corp. announced financial results for the third quarter and for the thirty-nine week period ending September 29, 2012. Highlights for the third quarter ended September 29, 2012: Net revenues for the quarter increased ...
Australasian food company Goodman Fielder has entered into an agreement to sell its Integro oils business to a consortium comprising GrainCorp and Gardner Smith for A$170m($176m). The sale does not include the out-of-home business in ...
Tags: agreement, Integro oils, divestment
UK-based Premier Foods has announced its plans to close two bakery sites and streamline its distribution network, as a part of its effort to revamp its struggling Hovis bread business. This move will lead to a loss of 900 jobs. This ...
Brazilian beef producer Marfrig plans to sell a stake in order to lower its mounting debts,in a move which is expected attract food companies as well as private equity firms. The company has appointed Brazilian bank Banco Itaúto ...
Tags: stake, debts, bidding, acquisition
US life insurer MetLife is set to launch a third-party asset management business to tap opportunities in private asset sectors, including real estate equity, commercial mortgages and private placement debt. The proposed business will ...
Tags: MetLife, asset management, private asset, commercial mortgage
Reuters reported that US based rolled aluminium products group Novelis is building EUR 200 million aluminium recycling plant in Germany. Mr Tadeu Nardocci head of Novelis European unit said that completion of the plant, in Nachterstedt in ...
Fifth & Pacific Companies Inc. announced earnings for the third quarter of 2012. For the third quarter of 2012 on a GAAP basis, loss from continuing operations was ($19) million, or ($0.17) per share, compared to income from continuing ...
Tags: Fifth&Pacific, earnings, third quarter, GAAP basis
There are mainly three kinds of etiquettes in China. The first category is the daily life etiquette: including meeting etiquette, introduction etiquette, conversation etiquette, banquet etiquette, reception etiquette, dance ...
Hostess Brands,a maker of breads and sweet goods in the US,has filed a plan for reorganization under US bankruptcy law,in order to pay creditors and emerge from Chapter 11 protection. The plan would give a majority of the stake to a ...
Tags: reorganization, breads, sweet goods, stake
Reuters reported that London copper slipped retreating from a three week high in the previous session, as concerns resurfaced over fiscal troubles in the United States but signs of an economic revival in top consumer China cushioned prices. ...
Tags: copper, copper price, fiscal cliff
Luxembourg-based CVC Capital Partners–led group has agreed to purchase insurance-claims adjuster Cunningham Lindsey from Stone Point Capital and Fairfax Financial Holdings in a deal valued between $900m and $1bn including debt. An ...
Tags: CVC, Bes, board of directors, insurance