US poultry producer Pilgrim's Pride has reported its third consecutive quarterly profit, with the bottom line boosted by restructuring initiatives. The company said its earnings rose to US$42.9m in the July-to-September quarter, ...
11 Oct 2012 The high-reliability semiconductor and imaging component manufacturer is expanding in Asia,but restructuring in the UK. e2v Technologies,the UK company that makes a range of semiconductor components including high-end ...
Kraft Foods has booked an increase in first-half profits, despite recording a fall in sales, thanks to productivity and price gains. In the six months to the end of June, net profit increased 4.2% to US$1.85bn. Operating profit in the ...
Tags: Kraft Foods, first half profits, fall in sales, food price
Reuters reported that Hydro is focusing its Capital Markets Day 2012 on the improvement efforts being made throughout the company, aiming to create a global leader in aluminium. Hydro is expecting world aluminium demand outside China of 2% ...
Tags: aluminium extrudé, extruded aluminium, aluminium profile
Sweden-based retailer ICA, in which Dutch retail giant Ahold owns a majority stake, has reported higher half-year profits. ICA, which has stores in Sweden, Norway and in the Baltic, booked net income of SEK776m (US$117.2m), up from ...
Tags: Retailer ICA, earnings rise, majority stake
Annual profits from Associated British Foods' grocery business, which includes Kingsmill bread and Jordans cereal, fell 23%, the UK-based group said today (6 November). Adjusted operating profit from the grocery arm, which also sells ...
Tags: annual profits, Associated British Foods, grocery business, Kingsmill
Unusual weather around the world, including the drought this summer in the US, has led Fonterra CEO Theo Spierings to forecast an increase in global dairy prices in the first half of 2013. Spierings also pointed to weather events in ...
Tags: dairy price, dairy industry, food industry, Spierings
Business Line reported that Investindustrial, the Italian private equity fund, has signed a deal to buy a 37.5% stake in Aston Martin, joining Kuwait's Investment Dar, as the luxury car maker's major investor and seeing off competition from ...
Economic Times reported that HMT Ltd has plans to invest INR 200 crore for expanding tractors capacity, engine production and roll out premium watches as part of its strategy to reach INR 3,000 crore of turnover in the next 5 years. The ...
Tags: Economic Times, HMT Ltd, tractors capacity, engine production
The administrator for UK baker Peters Cathedral Bakers, which went into administration last month, has sold the company to local peer Coopland & Son (Scarborough) Ltd. KPMG said today (30 July) the deal for the company, which also trades ...
Tags: Bakery, Bakers, Bakery stores, baked goods
Over the past few years much has been said about the amazing economic and industrial growth achieved by China.Let's be honest,China's growth has been absolutely remarkable and is the envy of the world.In 2010 China became the world's ...
Tags: China, Remarkable, Growth, Clay
Some 900 jobs are to go at Premier Foods plc after the Hovis manufacturer announced a range of measures to reshape its bread business. Premier plans to close two bakeries, cut over 100 distribution routes and revamp its logistics ...
Tags: Premier Foods, bread arm, bread business, Foods
Finnish food group Raisio is to cut jobs in its domestic market as reshapes the business to lower costs and make it more efficient. The company said the streamlining would affect 56 staff. Raisio's domestic consumer foods business will ...
Tags: jobs, food group, food
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