Dairy giant Fonterra has lowered its forecast for annual earnings in its next financial year, blaming currency fluctuations and "difficult" trading conditions in Australia and New Zealand. The New Zealand company said today (28 August) it ...
Tags: Dairy giant, Dairy, net profit, Fonterra
Boeing lands$16M laser weapon follow-up 08 Oct 2012 Defense contractor agrees follow-on contract with US Army Space and Missile Command for 10kW solid-state system. Boeing is to develop a truck-mounted 10kW laser weapon for the US Army. ...
Tags: laser weapons, US Army Space and Missile, 10kW solid-state system
Dollar stores are poised to gain grocery market share from conventional supermarkets, new research has suggested. According to the annual shopper research survey from Perception Research Services International (PRS), Dollar Stores are ...
Dutch food group CSM reported a decline in third-quarter profits today (25 October) as one-off costs hit earnings. In the three months to the end of September, EBITA fell to EUR20.9m (US$27.1m) from EUR28.3m a year earlier. One-off ...
Canadian c-store chain Couche-Tard has booked an increase in first-half profits boosted by acquisitions. In the 24 weeks ended 14 October, earnings amounted to C$278.1m (US$279.7m), a 9.9% increase on the prior year period. The group said ...
Tags: acquisition, Couche Tard
Singapore agribusiness giant Wilmar International has booked a drop in first-half profits as the group suffered losses in its oilseeds and grains business. In the six months to the end of June, Wilmar recorded a net profit of US$373m, ...
Tags: Wilmar International, first half profits, food industry, food
Proactive Investors reported that UBS has taken a closer look at Ferrexpo and sees no reason to change its positive stance on the Swiss iron ore company. UBS analyst Mr Myles Allsop said that while Ferrexpo is set to increase pellet ...
Tags: UBS, Ferrexpo, iron ore, freight costs
The Australian reported that construction of a new rail line through Western Australia's resource rich Pilbara region could drive down iron ore prices and force out of business the very mines the network would unlock, an exhaustive analysis ...
Tags: Pilbara, iron ore, BHP Billiton
Cape Wools reported that wool prices rose sharply for a second week in a row with the market indicator gaining 4.5% at this week’s sale to close at R101.19/kg (clean). This is up almost 15% on the opening level and represents an ...
Tags: wool prices, wool market, wool industry, wool
LycoRed has announced that it has secured a multi-million US dollar agreement with Shanghai Lithy Foods Material, a distributor of botanical extracts and nutrient pharmaceuticals for dietary supplements in China. The two companies signed ...
Tags: botanical extracts and nutrient pharmaceuticals, dietary supplements
Plexus Cotton Limited reported that New York (NY) futures rebounded this week, as December gained 169 points close at 75.22 cents. A week ago the December contract looked like it was ready to fall apart after it pierced through a 3-month ...
Tags: Cotton Futures, cotton industry, cotton market, rebound
The Eastern European nation of Belarus will resume supplying fabrics to Russian Government departments, as the Eurasian Economic Commission has lifted the restrictions imposed by it on Belarusian fabrics. In March 2012, the Russian ...
Tags: fabric, textile manufacturers, garment manufacturers, fabric industry
The upward trend in wool prices continued at this week's sale and the Cape Wools indicator gained another 3.2% to close at R104.43/kg (clean). This is a 19.5% increase on the opening sale. The increase was prompted by good demand ...
Tags: wool market, wool industry, wool prices, fine wools
Mitsui & Co Ltd and Sumitomo Metal Mining Co Ltd said they have undertaken a review of the Taganito Nickel Project that is being implemented in the Philippines by Taganito HPAL Nickel Corporation, an affiliated company of SMM and Mitsui. ...
Tags: Mitsui, Sumitomo Metal Mining, Taganito Nickel Project, nickel
The market was slightly weaker at this week’s sale as demand conditions remain tough and the Cape Wools Merino indicator shed 0.8% compared with last week to close at R88.09/kg (clean). This is in line with the ...
Tags: Wool Prices, Wool market, Wool industry