US snack manufacturer Snyder's-Lance is to close its bakery facility in Ontario as part of a company-wide review. In a statement yesterday (25 February), the firm said its plant in Cambridge will close on 17 May. The company did not say ...
Tags: nack manufacturer, Snyder's-Lance, Ontario
The local sharemarket is expected to open higher when trading resumes today after the Australia Day holiday. In the US on Friday, the Dow Jones Industrial Average gained 70.65 points, or 0.51 per cent, at 13,896 points. Stocks were ...
Tags: sharemarket, US, share price
Dell has tapped a former Hewlett-Packard executive to run its server, networking and storage division, an important area for Dell as it tries to expand its data center business and reduce its dependence on PCs. Marius Haas was head of ...
Tags: Dell, executive, networking and storage division, profit, PCs
Apple sold 27 million iPhones and 14 million iPads in the last quarter of 2012, swelling its revenue by 27 percent, but its profits fell short of what analysts had been expecting. Apple's net profit for the quarter, ended Sept. 29, was ...
Tags: Apple, highlightedpost, iPhone, net profit, profit forecast, quarterr
Chinese infant formula group Synutra International has lowered its full-year outlook for a second time, having booked a second-quarter loss. The company said net losses totalled US$44.2m in the three months to the end of September, ...
Tags: Synutra, infant formula group, full-year outlook, second-quarter loss
US retailer Kroger has increased its full-year profit forecast after reporting a rise in third-quarter earnings. In the three-month period ended 3 November, earnings climbed to US$316.5m from $195.9m a year earlier, which included a ...
Tags: Kroger, profit, earnings rise, profit forecast
A "strong" performance from Glanbia's nutrition ingredients business has led the Irish food group to lift its forecast for full-year earnings. Glanbia said it expects its adjusted earnings per share to increase 8-10% on a ...
Tags: Glanbia, nutrition ingredients, earnings, food industry
Produce group Fyffes today (3 September) increased its forecast for annual profits, sending its shares higher. Fyffes said it expects EBITA to hit EUR28-33m (US$35.2-41.5m) up from a previous prediction of EUR25-30m. The company said ...
Tags: annual profits, shares higher, group Fyffes, new guidance
US grocer The Fresh Market has upped its full-year profit forecast after an increase in first-half earnings. The retailer raised its full-year outlook to earnings of $1.33 to $1.38 per share with 5.5% to 6.5% same-store sales growth. That ...
Tags: profit forecast, grocer, Operating income, profit, earnings
Whole Foods Market raised its full-year sales and profit forecast after booking a 32% increase in third-quarter earnings. The US natural and organic retailer said net income rose to US$116.85m from $88.47m last year in the 12 weeks to 1 ...
Tags: whole foods market, US food market, earnings, food industry
Dairy giant Fonterra has lowered its forecast for annual earnings in its next financial year, blaming currency fluctuations and "difficult" trading conditions in Australia and New Zealand. The New Zealand company said today (28 August) it ...
Tags: Dairy giant, Dairy, net profit, Fonterra
Japanese carmaker Honda Motor’s net profit quadrupled during the April-June 2012 quarter (Q1) to JPY131.72bn ($1.62bn) when compared to the JPY31.80bn ($406m) recorded during the Q1 2011. The rise in profits was attributed to the ...
Tags: Honda, Q1, net profit
Efficiency improvements and successful price negotiations are helping meat firm Cranswick offset the impact of rising feed costs,according to City analysts commenting on its interim results for the six months to September 30. Reported ...
Tags: Cranswick, feed costs, input costs
US dairy giant Dean Foods raised its full-year earnings outlook after booking better than expected third-quarter profits. Dean Foods said third-quarter net income rose to US$36.4m,up from a loss of$1.5bn last year when the company booked ...
Tags: earnings outlook, net income, change
Glass products maker Apogee Enterprises Inc (APOG. O) reported a quarterly profit above estimates and raised its full-year profit forecast as sales rose in its architectural business, sending its shares up 12 percent in extended trading. ...
Tags: market view, glass