Allied World Assurance Holdings (Ireland) has reached an agreement with Gravity Underwriting (Gravity), to acquire its 21.2% stake, for an undisclosed sum. As per terms of the strategic alliance, Gravity will assist in business ...
Indorama Ventures Public Company Limited (IVL), the world’s largest PET company, achieved total sales revenue of US$ 1.9 billion in the second quarter of 2013, a rise of 9% over the same period last year. Margin gains in Asia ...
Tags: Pet Company
Advanced Sports International will shift production of bikes destined for the EU to Ideal's China and Poland factories to achieve more competitive pricing, reduce logistics and shorten lead times. Previously, ASI bikes sold in the EU were ...
Tags: Bikes
General Motors (GM) has reported a net income of $1.2bn for the second quarter of 2013, a 16% decline compared to $1.5bn it reported during corresponding period previous year. For the second quarter of 2013 the company posted a revenue of ...
Tags: General Motors, Auto Parts
2 Sisters Food Group is considering a bid for Bernard Matthews, according to recent press reports. Speculation surrounds Bernard Matthews as the subject of potential takeover by 2 Sisters The meat processing group, which has hit the ...
Tags: Faccenda Group, Julian Wild, Seara Foods, 2 Sisters Food Group
The European Commission decided to launch antidumping and anti-subsidy investigation into wireless communication network and key equipment from China, focusing on European business under top two Chinese communication equipment makers Huawei ...
Indian steel giant Tata Steel has announced that it expects to register an impairment charge of $1.6 billion for the financial year ended March 31, 2013, as a result of its review for the period in question. The company attributed the ...
Tags: Tata Steel, Mineral
Life Care Medical Devices (LCMD) has opened its European subsidiary offices in Dublin, Ireland. The new subsidiary will manage all aspects of Life Care's European business. LCMD CEO Glenn Foley said that with a strong history in the ...
Business executives are increasingly bypassing the IT department and spending their own budgets on technology as "it's too important for their business to leave to IT", says analyst house Forrester. A Forrester report, "Tracking The ...
Tags: Computer Products, software
The UK’s largest poultry processor Moy Park has announced a strong recovery in trading performance for last year, with pre-profits up to 24.4M for 2012 for 2012, compared with 4.8M in 2011. Moy Park delivered a strong performance in ...
According to Japanese media reports, the European business association (AEB) recently released statistics showing Russia's new car sales (including commercial vehicles) in February 2013, 210666 vehicles, up 2% from a year earlier, for four ...
Tags: Car, Car Sales, Auto Parts, Transportation
The Vion red meat and poultry businesses acquired by 2 Sisters Food Group (2SFG) can expect some “major cost savings” by their new owner Ranjit Boparan, according to a leading City analyst. 2 Sisters has acquired 11 of ...
Tags: Vion, red meat and poultry businesses, 2 Sisters Food Group
Bibby Financial Services, a leading global debtor finance specialist, has appointed Mark Cleaver as Managing Director, Australia and New Zealand. Mr Cleaver has worked for Bibby Financial Services for the past 16 years. He is relocating ...
Tags: Bibby Financial Services, MD, Australasia
Weak demand and lower prices in Australia impacted significantly on ACCO Brands' international results in the fourth quarter, ended December 31. The Illinois-based global office products supplier said net international sales increased to ...
Renowned Holden tuner Walkinshaw Performance has announced a new tuning package for the Ford Kuga, in what is the company’s first foray into aftermarket products for the Blue Oval. A direct result of the continued growth in the ...
Tags: Ford Kuga, Walkinshaw, Aussie Tuner