Smithfield Foods today (6 December) reported a slump in second-quarter profits but the US pork group's shares rose as underlying earnings beat forecasts. The company booked a 91% drop in net income for the three months to 28 October after ...
Tags: Debt, charges, Debt Charge
Samsung has improved its market lead over rival "smart connected device" manufacturer Apple, according to an IDC report. The Korean firm saw its share of the PC, tablet and smartphone market grow by 27 per cent year-on-year in the third ...
Tags: Samsung, Sales, device market
Mr Irving Rossi,founder of the Swiss company Concast,launched the technology on the market.For his achievements,he has now been awarded a place in the"Hall of Fame"of the American trade journal American Metal Market. In the past century ...
Tags: Irving Rossi, Concast, Hall of Fame, technical innovations
ConAgra Foods has swooped to buy US own-label group Ralcorp Holdings, a business that rejected a number of takeover bids from the company last year. The $90-a-share deal, which values Ralcorp at US$6.8bn, was announced today (27 ...
Tags: Ralcorp Holdings, Post Holdings, packaged food companies
US natural and organic food group Annie's has booked an increase in second-quarter income, which was boosted by a 20% increase in sales during the period. Annie's reported adjusted net income, which strips out the impact of a share ...
Tags: natural food, organic food, food
Chinese meat firm Zhongpin is set to be taken private by its chairman and chief executive. Nasdaq-listed Zhongpin announced today (26 November) chairman and CEO Xianfu Zhu had agreed to pay US$13.50 a share for the company. Zhongpin ...
Tags: Zhongpin, taken private, food industry, food company
Archer Daniels Midland has increased its takeover for Australian rival GrainCorp, which has so far rejected the US agribusiness giant's interest. ADM has tabled an offer worth A$12.50 a share, up from the A$11.75 GrainCorp turned down ...
Investors are betting on a battle for Inmet Mining Corporation to control the coveted Cobre Panama project in Central America. Inmet shares have catapulted 23% in the two tradings sessions since the company disclosed it received and ...
Tags: Inmet Mining, new copper, Panama Canal
Barnet Council will cut 70%of staff from the back-office functions it is outsourcing to Capita in a controversial deal to automate council services. The London borough's Cabinet is expected to approve the deal in a vote this evening,that ...
Tags: Capita, Cut Staff, Barnet Council, Outsourcing Deal
Aviva is gearing up to dispose more than half its remaining shareholding in Delta Lloyd, the Dutch insurer, in an strategy of its restucturing plan. The UK insurance major said nearly 37 million shares will be disposed at €10.75 a ...
Tags: Aviva, insurance, shareholding, Dutch insurer
India-based Gujarat Co-operative Milk Marketing Federation (GCMMF), the marketer of the Amul brand of milk and dairy products, has unveiled a dairy plant in Dharuhera, Haryana, India. The $8m plant will feature a packaging facility of 3 ...
Tags: dairy products, dairy plant, pouch milk
A£5.6m management buyout of UK-based confectionery firm Lees Foods has been approved following a court hearing. The acquisition was delayed after shareholders expressed concern that the offer of 230p-a-share deal was too low. ...
Tags: acquisition, shareholders, court hearing
French carmaker Renault has signed a framework agreement with China's Dongfeng Motor Group to produce cars, including electric car and SUV, in the country by 2014. The deal is expected to be concluded by the end of this year and provide ...
Tags: Renault, ctric car, SUV, Nissan Motor
Alaska Milk,a leading dairy company in the Philippines,has filed a petition seeking voluntary delisting from the Philippine Stock Exchange. This move comes as the Dutch dairy cooperative Royal FrieslandCampina filed a tender offer notice ...
NEMA's T12 lamp shipment index tumbled to 37.5 a decline of nearly 40 percent on a year-over-year (y/y) basis during Q3 – the first quarter following the implementation of the new efficiency standards for general service fluorescent ...
Tags: lamp, new efficiency standards, general service fluorescent lamps, GSFL