The sharemarket partially reversed its big sell-off with a solid finish after the Reserve Bank's positive comments about the economy. The benchmark S&P/ASX 200 index closed up 38 points, or 0.76 per cent, at 5018.1 points today, while the ...
US retailer Safeway Inc ended its financial year with an acceleration in underlying sales growth in the final quarter and earnings per share that beat analyst forecasts. Safeway reported an 0.8% rise in identical-store sales, excluding ...
Tags: US retailer, Safeway, sales
Swiss food company Nestlé has reported that its net earnings increased 11.57% to CHF10.6bn ($11.5bn) in 2012, compared to CHF9.5bn ($10.35bn) in 2011. The company posted 10.2% increase in net sales to CHF92.2bn ($99.97bn), compared ...
Tags: Nestle, 2012, Net Earnings
The benchmark S&P/ASX200 index rose 33.2 points, or 0.66 per cent, to 5,036.9 points, and the broader All Ordinaries index was up 32.7 points, or 0.65 per cent, at 5,057.2 points. On the ASX 24, the March share price index futures ...
Tags: Rio Tinto, annual net loss, finance market
Global food group Nestle said 2013 looks every bit as "challenging" as 2012, a year when profits increased but underlying sales growth slowed. The Swiss food giant reported a 11.8% increase in earnings of CHF10.61bn (US$12.02bn) in 2012. ...
Nestle has dismissed suggestions its days of "easy gains" in emerging markets are over as the group recorded what one analyst described as "sustained weakness" in Asia, Oceania and Africa. The Swiss food giant this morning (14 February) ...
Tags: Nestle, emerging markets, food giant
Australian iron ore giant Rio Tinto has announced its financial results for the full year of 2012, registering a net loss due to lower average prices for the year. Rio Tinto posted a net loss of US$3 billion in the given year, compared to ...
The UK's BG Group no longer expects to meet a medium-term production target of more than 1 million b/d of oil equivalent by 2015, the company said Tuesday, as short-term production issues in Egypt and the UK continue to weigh on BG's ...
One-off costs have caused profits at ingredients group CSM to fall in 2012, but sales growth and better-than-expected underlying earnings saw the firm's share price jump following its results announcement. CSM's share price rose by 4% in ...
Tags: share price, CSM, net sales
2 Sisters Food Group has won a new supply contract that will create 100 jobs at its Nottinghamshire sandwich manufacturing facility, Solway Foods. 2 Sisters is creating 100 jobs in sandwich manufacturing Solway Foods makes fresh ...
Tags: 2 Sisters Food Group, contract, sandwich manufacturing facility
Amcor has announced that the company’s profit after tax (PAT) before significant items increased by 11.3% to $634.9m for the year ended 30 June 2012. Amcor managing director and CEO Ken MacKenzie said its full year result ...
US food giant ConAgra Foods has reported a fourth-quarter loss of US$86m after changes to the way its accounts for its pension costs. The company said today (21 June) its new method of accounting for pensions hit its bottom line in the 13 ...
Smithfield Foods today (6 December) reported a slump in second-quarter profits but the US pork group's shares rose as underlying earnings beat forecasts. The company booked a 91% drop in net income for the three months to 28 October after ...
Tags: Debt, charges, Debt Charge
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
Net profit slides to EUR146.3m Underlying net profit, pre-tax profit rises Sales, margins improve Swiss bakery group Aryzta said that its performance for fiscal 2012 was "satisfactory" as it booked a decline in net profit, despite ...