Global food group Nestle this morning (14 February) booked an increase in full-year profits but slowing underlying sales growth. The company also pointed to 2013 as looking every bit as "challenging" as 2012. Analysts gave a mixed view of ...
Tags: food group, Nestle, 2013
Global snacks giant Mondelez International has affirmed confidence in its ability to increase sales by at least 5% on an organic basis in 2012 amid concerns on Wall Street. Better management of input costs and higher sales in emerging ...
Tags: snacks giant, Mondelez International, sales
DNO International ASA, the Norwegian oil and gas company, has announced record 2012 net profit of NOK 1.04 billion on operating revenues of NOK 2.84 billion. Fourth quarter 2012 net profit was NOK 810 million on operating revenues of NOK ...
Tags: DNO, Record Profits, operating revenues
The Venezuelan government announced the devaluation of its currency, the bolivar fuerte (VEF), on 8 February. The official exchange rate was changed from VEF 4.3 per US dollar to VEF 6.3 per US dollar. Smurfit Kappa said that as a result ...
Tags: Venezuelan government, VEF, Smurfit Kappa
Attorneys from a Florida-based law firm have filed a multi-million dollar lawsuit in federal court on behalf of music legend Chubby Checker, best known for his hit record, "The Twist." The lawsuit was filed today against Hewlett Packard ...
Hasbro reported a slight drop in overall revenues and profit for its 2012 financial year, as expected. It said the holiday season was "challenging" in certain territories. Net revenues for the full-year 2012 were $4.09 billion, compared ...
Tags: Hasbro Profits, Toys, overall revenues
Reportedly Reliance Steel & Aluminum Co. has planned to invest US$766 million in acquisition of Metals USA Holdings Corp. in attempt to develop high-margin business of cutting and customizing metals. The acquisition of Metals USA will ...
Tags: Steel, Aluminum, Reliance Steel
Sales and profits increased in 2012 at flavours groups Givaudan and Sensient Technologies, although rival IFF saw earnings fall. Givaudan's net income jumped from CHF252m (US$274.5m) in 2011 to CHF411 in 2012 amid higher sales. Revenue ...
Tags: Sales, profits, Flavors, Fragrances
Indian food group Britannia Industries has booked an increase in sales and profits in its third quarter. The biscuit manufacturer said yesterday (11 February) its net profit increased to INR569.6m for the three months to the end of ...
Tags: Britannia Industries, sales, profits, third quarter
Associated British Foods has "emphatically" denied allegations of tax evasion on profits made by its sugar processing operations in Zambia. In a report published by Action Aid at the weekend, the charity claims the Ryvita and Silver Spoon ...
Tags: ABF, Zambia, tax evasion on profits
One in five Chinese LED lighting companies may fail this year as falling prices and oversupply batter an industry that Beijing bankrolled to try to build an energy-efficient future. About 4,000 companies in China are producing LEDs, or ...
Tags: LED lighting, LED lighting sector, LED
Costs linked to the spin off of US cereal firm Post Holdings have hit its quarterly profits but the Grape Nuts maker saw sales increase 8%. Post reported net earnings of US$7.6m for the three months to 31 December, the first quarter of ...
Tags: cereal firm, Nuts maker, Honey Bunches
WhiteWave Foods has recorded an increase in full-year profit and said it expects continued momentum in 2013. In the 12 months to the end of December, net profit climbed 5.9% to US$113.7m, the company reported today (13 February). ...
Tags: WhiteWave, foods, coffee creamer
US snack manufacturer Snyder's-Lance has set 2013 forecasts below Wall Street consensus, hitting the company's shares. Shares in Snyder's-Lance closed down 3.26% at $25.25 yesterday (12 February) after an earnings forecast that lower than ...
Tags: snack manufacturer, share, profits
Profits at Stater Bros have been hit by pressure on margins, as the California-based retailer invested in pricing during the first quarter. Stater Bros revealed yesterday (12 February) that first-quarter net income fell to US$5.4m, ...
Tags: retailer, Stater Bros, Margin Pressure