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
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
South African poultry group Astral Foods has booked a 23% drop in full-year earnings on higher grain prices and greater competition from European and South American poultry importers. Net income fell to ZAR392m (US$38m) in the year to end ...
Tags: Astral Foods, drop, earnings, corn costs
Carrefour CFO Pierre-Jean Sivignon has insisted he expects a series of measures to help improve the retailer's performance after it reported another quarter of falling sales in its domestic market. Speaking on the firm's earnings call ...
Tags: Carrefour, hypermarkets, retailer, market
Dairy Crest has reported a"continuing difficult trading environment",particularly for its Dairies Division,for the first half of the financial year(H1).This has led analysts to call for an improvement in its performance in the second half ...
Tags: Dairy Crest, Dairies business, Dr Clive Black, Darren Shirley
Officeworks is feeling the impact of "challenging" trading conditions with a meagre 0.3 per cent increase in sales in the first quarter. Total sales for the quarter were $362 million, up from $361 million reported for the previous ...
Tags: Officeworks, reports, challenging, online sales
Efficient Consumer Response(ECR)UK,a forum led by IGD,has established a new waste prevention target for the food and grocery industry.The new target aims to prevent 200,000 tonnes of waste from being created by December 2014. The new ...
Tags: ECR, IGD, waste prevention
JD Sports Fashion Plc,the leading retailer and distributor of branded sportswear,fashionwear and outdoor clothing and equipment,releases the following Interim Management Statement for the period to 20 November 2012. The Group's interim ...
Tags: sportswear, outdoor clothing, equipment
Morrisons today (8 November) announced commercial director Richard Hodgson will leave the UK retailer - on the day it reported another quarter of falling like-for-like sales. Third-quarter sales came in lower than expected as the UK ...
Tags: retailer, trading environment, supermarkets, consumer confidence
Dutch ingredients group DSM has seen third-quarter earnings drop by almost one-quarter,despite what it described as a"strong"performance from its nutrition business. EBITDA dropped 23%to EUR270m(US$346m)in the three months to ...
Tags: earnings, total sales, currency exchange, acquisitions
Myer Holdings Limited(MYR)reported first quarter total sales for the thirteen weeks to 27 October 2012 of$688.0 million,up 1.0 percent compared to last year.On a comparable store sales basis,sales were up 0.8 percent compared to last year. ...
Tags: Myer Holdings, first quarter total sales, Menswear, Womenswear, Cosmetics
UK retail giant Tesco has revealed a "multi-million" pound revamp of its meat, fish and poultry range as part of a GBP1bn (US$1.6bn) investment programme announced earlier this year. The re-launch, unveiled yesterday (5 November), ...
Tags: Tesco, revamp, investment, quality improvements
Qatar has become the most expensive construction market in the Gulf in terms of raw materials costs, says a new research report by business intelligence service MEED. In its "Third Quarter Construction Costs & Outlook Report", MEED reports ...
Tags: market view, cement
South Korea's Samsung Electronics reported record net profits for the third quarter based on strong sales of its Galaxy smartphones and flat panels. The world's largest technology company saw net profits grow 91 per cent to Won6.56tn ...
Tags: Samsung, Galaxy S III, ITC, Apple
A new edition of the unique Uster Statistics quality benchmarks is to be releasedat the end of this year. Over the past 55 years, Uster Statistics have earned legendary status throughout textiles – and its value is more significant ...
Tags: Uster Statistics, textile trade, yarn