Questions are being raised about the terms of Dell’s $24.4 billion buyout deal, as the number of shareholders voicing opposition to the plan appears to be growing. Dell is now increasingly on the defensive. This is not good news ...
Tags: Dell, buyout deal, shareholder
"We're probably seeing three times the volume of applications compared with this time last year," said Adrian Hanley, head of equity lending at NAB. "We have had a significant lift in new client activity in the fourth quarter of 2012." ...
Tags: Margin Lending, Stocks, Australia
At 1700 AEDT, the local currency was trading at 103.64 US cents, up from 103.50 cents on Thursday. Westpac chief currency strategist Robert Rennie said the Australian dollar traded in a narrow range on Friday but remained well supported. ...
US poultry producer Pilgrim's Pride moved to a profit in 2012 and claimed its "best results in recent years". The company made a profit of US$174m in the 12 months to the end of December. This compares to a net loss of $495.7m last year. ...
Tags: poultry producer, Pilgrim's Pride, profit
Finland-based meat group HKScan booked an increase in profits in 2012 but said the group's performance last year was "below expectations". Earnings amounted to EUR16.4m (US$21.8m), a 34.4% increase on the prior-year period. Operating ...
Tags: meat group, HKScan, profits
Campbell Soup Co has signed a deal with Grupo Jumex and Conservas La Costeña that will expand its manufacturing and distribution capabilities in Mexico but result in the loss of 260 jobs. The deal, announced today (15 February), ...
Tags: Campbell Soup, Mexico, jobs
European confectioner Cloetta saw its losses widen in 2012 thanks to the merger that formed the company last year but it reported improved profits in the fourth quarter. In the 12 months to the end of December, the company made a net loss ...
US food group Campbell Soup Co. has recorded a drop in first-half profits as costs related to its acquisition of Bolthouse Farms hit earnings. Earnings in the six months ended 27 January fell to US$430m, a 7.3% decline on last year, the ...
US firm B&G Foods has recorded an increase in full-year profits, boosted by acquisitions and price increases in 2012. Earnings in the 12 months ended 29 December amounted to US$59.3m, a 17.9% increase on the prior year period. Operating ...
Tags: B&G Foods, full-year profits, acquisitions
Regional US supermarket group and food distributor Spartan Stores has booked an increase in third-quarter earnings. Net profit in the three months to the end of December amounted to US$5.2m, a 2% increase on the prior-year period. ...
Tags: US supermarket group, food distributor, Spartan Stores, earnings
Dean Foods' share price was down 9% today (13 February) after the US dairy giant issued a cautious outlook for the year. Shares in the group were down to US$16.73 in early morning US trading today, despite the firm booking earnings of ...
Tags: Dean Foods, share price, dairy giant
ecoATM, the award-winning San Diego start-up known for its innovative kiosks that fully automate the buy-back of used consumer electronics, announced today that it has secured $40 million in mezzanine debt financing from Falcon Investment ...
Tags: ecoATM, consumer electronics, company news
Dell's decision to go private has led to mixed reaction from the company's customers, who are watching developments closely as they consider the next steps in their product procurement plans. Some of Dell's customers think privatization ...
Sterling Insurance has renewed its partnership contract with DAS to extend supply of legal expenses cover to its customers. As part of the agreement, DAS will offer legal expenses cover across the company's personal and commercial product ...
Australian dairy-to-bakery group Goodman Fielder has reported a mixed first half, with a jump in net profit but lower adjusted operating profit and sales. Goodman Fielder said today (13 February) that net profit more than doubled to A$51m ...
Tags: dairy, Goodman Fielder, net profit