Greencore reported a "satisfactory" start to the year today (29 January) as acquisitions in the US offset flat UK revenues. In a trading statement released ahead of its AGM, Greencore said that sales of at its convenience food business ...
Tags: Greencore, US offset flat, UK revenues
Retail spending growth will remain steady heading into 2013, according to the AFGC CHEP Retail Index. The index showed 3 per cent growth in December 2012 compared with December 2011. Looking ahead, this level of year-on-year growth is ...
Tags: Retail, AFGC CHEP Retail Index, Australia, food, grocery
Cost cutting is tipped to continue to be the focus of Australian companies when they release earnings results next month with investors looking for a more disciplined approach to growth plans after recent job losses and writedowns. ...
As previously communicated, in the face of increasingly difficult domestic trading conditions for its soda ash business, Penrice Soda Holdings Limited has been conducting a strategic review of its entire chemicals business to improve its ...
Tags: Penrice, JV, Soda Ash Distributor
Premier Foods has indicated that its fourth-quarter sales were "in line" with expectations, despite "challenging" trading conditions in the period. The company said this morning (17 January) that it booked a "solid" performance in the ...
Tags: Premier Foods, fourth-quarter, sales
The Australian dollar has ended the local trading day a touch lower, after market players were disappointed by a speech from US Federal Reserve chairman Ben Bernanke. At 5pm AEDT, the Australian dollar was trading at 105.48 US cents, down ...
Sainsbury's today (9 January) reported that third-quarter like-for-like sales, excluding fuel, came in at 0.9%. While this represents a slow-down from the company's previous 31 consecutive quarters of growth, Sainsbury's was able to ...
Tags: food inflation, Sainsbury, sales, Retail Pack
UK supermarket group Morrisons has booked a "disappointing" set of results for the quarter to 30 December, with trading over the key Christmas period lagging the overall weak market. In its trading update, released this morning (7 ...
Tags: UK, supermarket group, Morrisons, sales
The UK’s fourth biggest supermarket Morrisons has “lost touch with its core customers”, claimed one leading city analyst, after the retailer reported total sales down by 0.5% over the six weeks to December 30 2012. ...
Tags: UK, supermarket, Morrisons, core customers
Surprise acquisitions,top level exec changes,retail casualties and the London 2012 effect,the continued dominance of LEGO and Moshi Monsters in-store–not to mention some eye-watering charity challenges…the toy business has ...
Tags: acquisitions, LEGO, Moshi Monsters, Mookie Toys
The Australian dollar gained today after US lawmakers agreed on a range of measures designed to avert sweeping tax hikes and around $US110 billion in spending cuts, known as the fiscal cliff. After weeks of negotiations that had already ...
Tags: Australian Dollar, US, Fiscal Cliff, currency
The fortunes of the Australian Cotton Growing industry are largely determined by global cotton demand, the world price of cotton and domestic growing conditions. Australia is a small cotton producer on a global scale; however, nearly all ...
Tags: Australian Cotton, global cotton, demand, cotton
Global thirst for oil will be slightly stronger than expected in the last quarter of 2012 because of demand from China and despite a sharp cutback in Europe recently. The IEA forecast that the growth of demand next year is expected to be ...
Tags: IEA, oil, oil consuming, oil market
The "top four players" will take 54.7 per cent share of the market, say analysts. Toy retail is set to face some of its toughest tests over the next few years, starting this Christmas. According to IBISWorld, toy retailers will continue ...
Tags: Toy Retail, Toys, UK Toy
The coatings industry in Europe has been bracing itself for an extremely difficult 2012 in which much of the region will be suffering from the effects of a severe economic downturn mainly due to the impact of the troubles with the euro on ...
Tags: coatings industry, Europe, OECD, severe economic downturn