Telecommunications provider, Telstra, is set to make $454 million from a new strategic partnership with Platinum Equity as it prepares to sell 70 per cent of its stake in its directories business, Sensis, to the US-based private equity ...
Tags: Telstra, Telecommunications
Damodar Industries witnessed a 50 per cent growth in net sales during quarter ended September 2013, driven by robust export revenues amidst increased demand for the value-added yarn from China and rupee’s depreciation against the US ...
The Bon-Ton Stores, Inc. announced that its December comparable store sales results were significantly impacted by unfavorable winter weather conditions in its markets. Brendan Hoffman, President and Chief Executive Officer, commented, ...
Tags: Bon-Ton Store, Apparel, Weather Conditions
Yamama Cement posted its preliminary 4Q and FY2013 results. As per usual, the absence of a published revenue figure makes those results difficult to interpret, said NBK Capital. "The FY2013 net profit came in at SAR 870 million, up 2.3% ...
Tags: Yamama Cement, net profit, FY2013, revenue figure
The Leekes Retail & Leisure Group has reported strong results for the year ending March 31st 2013. The group reported an annual turnover of £66m for its retail, leisure and property arms of the business, showing a year-on-year ...
Tags: Leekes Retail&Leisure Group, annual turnover, sales growth
Interest in Victorian dairy company Warrnambool Cheese and Butter (WCB) has attracted a new potential bidder, according to media reports. There is speculation that Chinese state-owned China Investment Corporation is interested in WCB and ...
Tags: Agriculture, Food
BASF and Gazprom signed the final agreement to swap assets of equivalent value. Through the swap, the BASF subsidiary Wintershall will further expand its production of oil and gas and exit the gas trading and storage business. The ...
The Men's Wearhouse commented on Jos. A. Bank Clothiers' decision not to engage with Men's Wearhouse following the Company's proposal to acquire Jos. A. Bank for $55.00 per share in cash. Men's Wearhouse issued the following statement: ...
Tags: Men's Wearhouse, Apparel
Ennis, Inc. reported financial results for the three and six months ended November 30, 2013. Highlights for the quarter include: - Consolidated gross profit margin increased 400 basis points for the quarter and 430 basis points for the ...
Tags: apparel, profit margin
Russian mining and steel group Mechel has announced its consolidated financial results for the first nine months of the current year. In the January-September period, Mechel saw an operating loss of $393 million compared to an operating ...
Tags: steel, metallurgy
The Ukrainian mining and steel producing group Metinvest has announced its results for the first nine months of 2013. In the given period, Metinvest's net profit amounted to $463 million, rising eight percent compared to the same period ...
Tags: steel, metallurgy
US-based food processor Michael Foods Group, which is owned by a private-equity affiliate of Goldman Sachs Group, is reportedly exploring for a possible sale in an effort to fetch over $2bn. The company is preparing detailed financial ...
Tags: Michael Foods, food processor
Spanish food processor Ebro Foods has entered into an agreement to sell its pasta business in Germany to Newlat Group. Ebro operates its pasta business under Birkel and 3Glocken brands in Germany. The deal, which is expected to close by ...
Tags: Ebro Foods, Pasta Business
Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it has reached binding commercial agreements to proceed with constructing approximately $2 billion in pipeline expansions (the "Phase III ...
T.M.Lewin, one of the UK’s leading retailers of high quality men’s and women’s businesswear, has commenced a major International expansion plan with the company opening at least one new store or concession a week for the ...
Tags: Business Wear, TM Lewin