Associated British Foods today (10 September) revealed it had taken an impairment charge of A$150m (US$155m) on its Australian meat business as it battles "difficult" trading conditions in the market. The UK-listed group announced the ...
Tags: Australia, ABF, impairment charge, meat business
Glaston Corporation and Constellation Software Inc., acting through its wholly owned subsidiary Friedman Corporation, have today signed a definite and binding agreement for the sale of 100% of the shares in Albat+Wirsam Software GmbH ...
In Glaston Corp.'s latest interim report, it notes January-September 2011 orders received for the period totaled to EUR 84.7 million, while third-quarter orders received were EUR 28.4 (21.8) million. The report goes on to compare ...
Tags: Glaston, interim report
German underwriter Munich Re consolidated profit rose by 10% to €812m in the second quarter of 2012, compared with a consolidated profit of €738m during the same quarter last year. The insurer said that the profit rose as ...
Compagnie Financière Richemont SA and Winona Capital Management LLC are pleased to announce that an agreement has been reached whereby Richemont will acquire Peter Millar LLC, a US-based, international luxury apparel business, in a ...
Tags: luxury apparel, private transaction, Richemont, Peter Millar
The Finnish firm said that the global economic slowdown had made its food industry customers cautious. The news comes as the firm announced its Q3 results. Sales for Q3 were €532m compared to €616m the year before. Its results ...
Tags: folding boxboard, paper production, profitable consumer packaging
BRASKEM announces its results for the third quarter of 2012. Braskem ended the third quarter of 2012 with EBITDA of R$930 million, which increased 10% from the previous quarter and remained virtually stable compared to the same period of ...
Tags: Braskem, naphtha, resins, petrochemical products, thermoplastic resins
Deposition equipment maker Aixtron SE of Herzogenrath, Germany says that it has written down €51.5m of inventory due to a significantly slower-than-expected recovery of demand for metal-organic vapor phase deposition (MOCVD) equipment. ...
The Company will not Return to Profitability within the Current Year. AIXTRON SE(ISIN DE000A0WMPJ6),a leading provider of deposition equipment to the global semiconductor industry,wrote down EUR 51.5m of inventory due to a ...
Tags: Europe, AIXTRON SE, devaluation, economy recovery
Glaston Corporation has entered into exclusive negotiations for the sale of Albat+Wirsam Software GmbH.Glaston expects the transaction to be completed by the end of 2012.As a result of the transaction Glaston divests the Software Solutions ...
Dutch Financial conglomerate ING posted 17.8% fall in underlying net profit for the second quarter of 2012, which was €1.04bn, compared to €1.52bn during the same period last year. The diversified financial startup blamed ...
Tags: Financial conglomerate, ING, net profit
During the first half of 2012, Georg Fischer faced uneven economic conditions. Whereas the Corporation increased its sales in Asia and even more in North America, the eurozone woes had a dampening effect on customer demand in that region. ...
Tags: industry trends, piping system
Aixtron's revenue rebounds by 10%; non-LED activities gaining traction Deposition equipment maker Aixtron SE of Herzogenrath, Germany says that, for second-quarter 2012, its revenues and orders have stabilized at the levels of Q1/2012. ...
Tags: Aixtron MOCVD
In its business year 2011, the Swedish forestry and timber group Södra was unable to match either the sales revenue or the operating result of the previous year. Owing to the comparatively slow pace of business since the second quarter ...
Tags: market view, timber