The Royal Australasian College of Physicians (RACP) is calling on the Federal Government to apply heavier taxes to cheap alcohol including wine sold in casks. Although the wine cask was invented in South Australia in the 1960s, the RACP ...
Chinese Premier Li Keqiang has urged solid efforts from the country's financial and taxation authorities to deliver the value-added tax (VAT) reform as part of efforts to invigorate the real economy during a visit to the State ...
Tags: Tax Reform, VAT
French dairy processing company Saputo is planning to close three manufacturing facilities in Canada located in Sydney (Nova Scotia), Princeville (Québec) and Ottawa (Ontario). The plant closures are expected to take place in ...
Tags: Saputo, Manufacturing Plants
G-III Apparel Group Ltd. reported fourth-quarter earnings that came in well short of Wall Street targets. For the fourth quarter ended Jan. 31, 2016, G-III reported that net sales increased by 3 percent to $527.4 million from $514.3 ...
Tags: G-III, Earnings, Wall Street targets
US-based food company General Mills is planning to expand its cereal manufacturing facility at Albuquerque, New Mexico, for $80m. The company has applied for $80m industrial revenue bond (IRB) from Bernalillo County to expand the ...
Tags: General Mills, Albuquerque, IRB
Italy is all set become the second European country after France to pass a law to reduce food waste by encouraging supermarkets to donate unsold food to charities. Food waste which costs the Italian economy €12bn (£9.4bn) ...
Tags: Food waste, Law, Donation, Unsold food
Broadband wireless and wireline communications component maker Anadigics Inc of Warren, NJ, USA has announced the completion of the tender offer for all outstanding shares of its common stock (for $0.85 per share in cash) by the acquisition ...
California-based frozen foods manufacturer Pegasus Foods has announced plan to expand its Rockwall food production plant in Texas with an investment of $10m. The expansion will include construction of an 80,000ft2 manufacturing ...
Tags: Pegasus Foods, Expansion, Rockwall food, Investment, Texas, Frozen food
CCL Industries, a provider of label and packaging solutions for global corporations, small businesses and consumers, has acquired the assets of Brazil-based privately owned Powerpress Rotulos & Etiquetas Adesivas (Powerpress) for $10.25m. ...
Tags: CCL Industries, Powerpress, packaging
Earnings before interest and taxes (EBIT) were DKK2.0 billion in 2015, up from DKK861 million a year earlier. The pump group’s profit after tax reached DKK1.45 billion, compared with DKK503 million in 2014. Meanwhile group revenue ...
Lee & Man Paper Manufacturing ,one of the containerboard manufacturers in China, announced its annual results for the twelve months ended 31 December 2015. During the period, the Group recorded a total sales volume of 5.44 million tons, a ...
Catalyst Paper reported fourth quarter adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $15.1 million and EBITDA before specific items of $19.8 million. This compares to adjusted EBITDA of $38.8 million ...
Tags: Catalyst Paper, EBITDA, Forth Quarter, Adjusted earnings
Armanino Foods of Distinction reported record sales and profits for the fourth quarter and year ended December 31, 2015. Net sales in the fourth quarter were $9,044,580, an increase of 16% from the $7,793,293 posted in 2014's fourth ...
Tags: Armanino Foods, domestic markets
The UK government has scrapped the proposal of levying sugar tax on food and drink products, which are believed to contain high calories and culprits for growing obesity levels in the country. The government is believed to be not in ...
Tags: High-Calorie Products, Sugar
Flowers Foods, Inc,producer of Nature's Own, Wonder, Tastykake, and other bakery foods, reported financial results for the company's fourth quarter and year ended January 2, 2016 and provided guidance for fiscal 2016. Reported results ...
Tags: Flowers Foods, EBITDA