Meat packer Hilton Food Group, which supplies retailers such as Tesco, is expected to ride out the recent horsemeat contamination issue unscathed, following publication of its preliminary results for 2012 which showed sales up 5% to 1bn. ...
Tags: Hilton Food, Food, Meat
Reflecting the European auto glass business constriction company officials have been highlighting for some time, Paris-based Saint-Gobain announced plans to close a Belgium-based windscreen factory this week, impacting 263 jobs. Auto sales, ...
Tags: Windscreen, Auto Glass, Glass
China Petroleum & Chemical Corporation announced its annual results for the year ended 31 December 2012. Financial Highlights: In accordance with the PRC Accounting Standards for Business Enterprises, in 2012, the Company's operating ...
For 2012, epiwafer foundry and substrate maker IQE plc of Cardiff, Wales, UK has reported record full-year revenue of £88m, consisting of £69m (79%) from Wireless, £18m (20%) from Photonics, and £0.95m (1%) from ...
Tags: IQE, Electrical, Electronics
Russian steelmaker NLMK Group has announced that it expects a 20-25 percent decline in its capital expenditure for 2013. The company's capital expenditure in 2012 decreased by 29 percent year on year to $1.45 billion. NLMK has continued its ...
Tags: NLMK, Capital Expenditure, Mineral
Kazakhstan-based mining group Eurasian Natural Resources Corporation Plc. (ENRC) has announced that in 2012 it registered a net loss of $852 million compared to a net profit of $1.98 billion in the previous year, while its revenue amounted ...
Tags: mining group, mining, ferroalloys
UK-based London Mining, a global diversified miner targeting the steel sector, has announced its financial results for 2012. London Mining registered a net loss of $107.8 million in 2012, compared to a net loss of $60 million in 2011. The ...
Tags: London Mining, Mineral, steel sector
Supermarket chain Sainsbury has dodged the worst impact of the horsemeat scandal and posted better than expected financial results for its fourth quarter and year to March 16, driven mainly by non food items. Strong Sainsbury results ...
Tags: Sainsbury, dodges horsemeat, food
The Board of Directors of Brunello Cucinelli S.p.A. – an Italian maison operating in the luxury goods sector, listed on 27th April last year on the Borsa Italiana Electronic Stock Exchange –reviewed and approved the consolidated ...
Tags: Brunello Cucinelli, Apparel, copmany news
Samsung will acquire 3% of Sharp for 10.4 billion yen (HK$856.8 million) to secure liquid crystal displays for smartphones and televisions. It is emphasising OLED technology that offers sharper, brighter images while consuming less power. ...
Tags: Samsung, Sharp, OLED technology
Methanex Corporation announced plans to increase operating capacity at its New Zealand operations by 700,000 tonnes to 2.2 million tonnes by the end of 2013. Methanex has secured a new natural gas supply agreement, which will enable the ...
Tags: Methanex Corporation, operating capacity, New Zealand operations
Government announced the decision to permit FDI, up to 51%, in multi-brand retail trading, vide Press Note dated 20.9.2012, subject to the following conditions: (I) FDI in multi brand retail trading up to 51% shall be allowed through the ...
Tags: FDI, Multi-Brand Retail, India
For 2012, First Solar Inc of Tempe, AZ, USA – which manufactures thin-film photovoltaic modules based on cadmium telluride (CdTe) as well as providing engineering, procurement & construction (EPC) services – has reported net ...
Tags: Solar, First Solar, Solar Sales
Bust computer services company 2e2 outsourced large amounts of the data it was managing for clients to third-parties, raising question marks over the due diligence that companies need to perform before putting data and applications "in the ...
Tags: computer service, 2e2, datacentre business
The Australian dollar drifted almost half a US cent lower overnight, partially reversing gains made after the release of domestic capital expenditure figures yesterday. At 6.30am AEDT the currency was trading at 102.28 US cents, down from ...
Tags: Australian dollar, currency, US cents