US baker Hostess Brands has indicated it will liquidate the company tomorrow (15 November) if striking employees fail to return to work this evening. The group, which manufactures brands including Nature's Pride and Wonder Bread, said it ...
Tags: Hostess Brands, strike, financial resource, food industry
Australian retail distributor Metcash has booked a drop in full-year profit. For the 12 months to the end of April, earnings dropped to A$90m (US$90.4m) from A$241.4m in the prior-year. Metcash blamed the decline on restructuring costs ...
Tags: Metcash, full year profit drop, food retail, food industry
US own-label group Ralcorp Holdings, which today (27 November) agreed to a takeover bid from ConAgra Foods, returned to profit in its fiscal 2012 year, boosted by acquisitions made during the year. In the 12 months to the end of ...
Tags: Foods, Foods industry, profit, operating profit
A management buy-in has saved a struggling meat processing firm in Yorkshire and preserved 100 jobs. Yorkshire Premier Meats in South Kirby now has a secure future and the management team has stabilised the business. The plant prepares ...
US retailer Safeway Inc has booked a decline in operating profit in the first half of the year. For the 24 weeks ended 16 June, operating profits slid to $437m, an 11.9% decline on the prior-year period. The retailer blamed the dedcline ...
Tags: Safeway Inc, operating profit, food market, food industry
All Pakistan Textile Mills Association(APTMA)Punjab held an emergent meeting at the APTMA Punjab office on Monday.Chairman APTMA Punjab Shahzad Ali Khan along with Central Chairman APTMA Ahsan Bashir presided over the meeting. The meeting ...
Tags: APTMA, energy crisis, textile industry, Punjab
Engineering, electronics and high-tech giant Siemens AG of Munich, Germany has announced its intention to spin-off 80.5% of its subsidiary Osram (the world's second biggest lighting manufacturer, whose subsidiary Osram Opto Semiconductors ...
Tags: Siemens, Osram, approval, transaction, massive reshuffle
Siemens has announced its intention to spin-off 80.5% of its subsidiary Osram. The plan requires approval of at least three-quarters of voters at Siemens’ Annual Shareholders' Meeting on 23 January. If approved, the transaction ...
Tags: Europe Osram, Siemens, LED assembly plant, transaction
UK seafood firm Young's Seafood is to close its Cromer Crab Co. facility in Norfolk, resulting in around 109 job losses. The cuts follow an eight-month consultation at the Cromer Crab Co, which included a review of its shellfish ...
Tags: Cromer crab, seafood, review of shellfish, Young's Seafood
Reeling under serious raw material crises,steel makers in Chhattisgarh want Odisha model in the state for their survival. Mr Anil Nachrani President of Chhattisgarh Sponge Iron Manufacturer's Association said that"We demand the state ...
Tags: raw material crises, steel makers, Odisha model, iron ore
Diamond Foods has signalled its intention to close its Fishers factory in Indiana, with the loss of around 100 jobs. The company said the closure is a result of its decision to "eliminate less differentiated items" in the Emerald product ...
The transaction is expected to close in the first quarter of 2013 UK based chip manufacturer for phones and tablets, Imagination Technologies has agreed to buy California-based chip designer, MIPS Technologies for $60m to compete ...
Tags: transaction, patent property, CPU capability, expansion
Del Monte Foods has moved to a net profit in the first quarter of its financial year on the back of an increase in sales. In the three months ended 29 July, earnings amounted to US$6.3m compared to a net loss of $27.6m last year, the ...
Tags: Net profit, Operating profit, Net sales
UK-based Rubicon will be incorporating Tetra Pak's new HeliCap to its fruit drinks. Rubicon Exotic marketing director Adrian Troy said the company was founded on innovation,and has a pride in bringing new exciting products to the UK ...
Tags: Rubicon, Tetra Pak, HeliCap, fruit drinks
Belgium-based Ter Beke has reported a sharp drop in half-year profits, due to higher raw material costs and one-off charges. For the six months to the end of June, the meat and ready meals group said net profit sank by 31% on the same ...
Tags: Net sales, EBITDA, net profit