Singapore conglomerate Fraser and Neave has booked a drop in annual profits from its dairy business after production was hit by the floods in Thailand late last year. F&N, which is the subject of a takeover battle, reported its results ...
Tags: dairy profits, dairy, dairy business
US confectioners Farley's & Sathers and Ferrara Pan Candy Co. have merged, the companies have announced. Farley's & Sathers' owner, the private-equity firm Catterton Partners, will hold a majority stake in the new confectioner, which will ...
Tags: Farley's, Ferrara, candy firms, merge
Swiss bakery group Aryzta has reported a 0.9% increase in underlying quarterly sales from its food division amid "very challenging" economic conditions in Europe. The 0.9% rise was the underlying revenue growth from Arytza's "food group" ...
Tags: bakery group, Aryzta, sales, growth, Q1
BASF has opened expanded BASF Pharma(Callanish)facility on the Isle of Lewis,Scotland. The facility follows BASF's acquisition of controlling stake in Lewis based Equateq,a technology company in lipid chemistry and pharmaceutical omega-3 ...
Tags: BASF, BASF Pharma, facility, Isle of Lewis
A chunk of Dole Food Co.'s business could end up in the hands of one of Japan's largest trading houses it was announced this week - and China appears to be central to the potential deal. On Wednesday (12 September), Dole, which is in the ...
Tags: Food business, Food industry, Food, food sector
Arla Foods is to start producing Anchor butter in the UK next month. The dairy group said it would begin manufacturing Anchor block butter at a production site in Westbury in the UK. "Bringing production of Anchor to the UK is part of ...
Tags: Anchor butter, Arla Foods, dairy group, Food
Agribusiness giants Archer Daniels Midland and Wilmar International have set up a venture to sell and market vegetable fats and oils in Europe. The venture was announced alongside two other partnerships on global fertilizer and on ocean ...
Tags: ADM, Wilmar, vegetable fats, oils
The cost of the Gorgon LNG project offshore Western Australia has grown 40.5% to $52 billion, operator Chevron said Wednesday. A cost and schedule review has been completed, with the total cost estimate for the "foundation project" up ...
Tags: capital program, cost and schedule review, foundation project
The Renault-Nissan partnership is expected to sign $750m deal with Russia based OAO AVTOVAZ by next week, which would give 67.13% ownership of the company which manufactures Lada. Under the deal, Renault-Nissan would buy the stake held by ...
Tags: partnership, growing Russian car market, optimistic growth
Aston Martin has known more than a few owners over the years including the Ford Motor Company,who sold out to current owners Investment Dar and other investors in 2007 for$733 million. Now you can add private-equity firm Investindustrial ...
Reuters reported that Gold miner Osisko Mining Corporation which has offered about CAD 550 million for Queenston Mining Inc will buy Agnico Eagle Mines Limited's 9.2% stake in Queenston removing a potential rival bidder. Agnico Eagle, ...
Tags: gold miner, Osisko Mining Corporation, buy, stake
On November 30, Liaoning Province-based Chinese steel producer Fushun Special Steel announced that Chinese steelmaker Dongbei Special Steel Group currently holds 224 million shares in Fushun Special Steel, accounting for 43.02% of total ...
Tags: Fushun Special Steel, Chinese steelmaker, Chinese steel producer
Reuters reported that Abu Dhabi National Energy Company has hired 5 banks to arrange investor meetings ahead of a potential benchmark size bond sale. TAQA, in which the Abu Dhabi government owns a majority stake, picked BNP Paribas, ...
Tags: TAQA, Abu Dhabi National Energy, BNP
According to Deutsche Bank AG, BHP Billiton Ltd, the world's biggest mining company may attract investment of USD 2 billion from fertilizer makers as well as sovereign wealth funds in its Canadian potash project. Deutsche analysts Mr ...
Tags: BHP Billiton, Deutsche Bank, mining company
Bailed out US insurer American International Group (AIG) is creating hassels to prevent attempts by US homeowners to refinance their government-backed mortgages. AIG is reluctant to automatically waive its right to pursue lenders for ...
Tags: American International Group, government-backed mortgages, underwriter