India s Jaiprakash Associates is to sell its cement plant in Gujarat state to UltraTech Cement in a deal worth around $594m (INR:38bn) including debt. The companies told Bahrain's Gulf Daily News that UltraTech, India s largest cement ...
Tags: Cement, Construction
The announcement of a deal between Jamaica's Caribbean Cement Company Limited (CCCL) and a Venezuelan company regarding clinker exports to Venezuela has reportedly been called off due to 'unforeseen circumstances'. Under the Trade ...
Tags: Construction, cement
Signalling a key vote of faith in debt-laden Premier Foods, leading City analyst Shore Capital has upgraded its advice on the firm's stock from 'hold' to 'buy'. The Power Brands' ability to deliver continued sustained growth will be a key ...
Tags: Agriculture, Food
Hudson's Bay Company reported its results for the 13-week period ended August 3, 2013. Consistent with the first quarter of fiscal 2013, the second quarter was characterized by strong same store sales growth at Hudson's Bay and rising ...
Tags: Apparel
Morrisons' boss Dalton Philips said the supermarket's growth would come from expansion of its convenience and online businesses, in a statement accompanying the retailer's half-year results posted today (September 12). Morrisons' strategy ...
Tags: Agriculture, Food
Divine Cycling Group is less than a year old but seems to have produced more gray hairs across the industry than a teenager. On Thursday the group announced some more major changes as it tries to get its footing after a tumultuous summer ...
Tags: Transportation, bike
Portland, Ore., and Vancouver, Canada-based Crailar Technologies Inc. has announced plans to acquire a European fiber dyeing facility that has been in operation for more than 30 years in one of Western Europe's most prolific flax-growing ...
Tags: Textile
The Hilton Food Group's half-year results posted today (September 10) received a mixed reception from City analysts. Hilton Food's Australian joint venture with Woolworths would become 'a major profit centre', predicted Panmure Gordon ...
Tags: Agriculture, Food
GlaxoSmithKline is to sell its drinks brands Lucozade and Ribena to Suntory Beverage & Food Ltd (SBF), the Japanese consumer goods company, for GBP 1.35 billion (AUD 2.4b) in cash. It is expected that the transaction will be completed by ...
Tags: Beverage, Food, Agriculture
Elders Limited has agreed terms with its existing financiers to renew and extend its syndicated finance facilities to 31 December 2014, as part of a comprehensive plan to secure the repositioning and sustainability of the company as a pure ...
GlaxoSmithKline (GSK) has agreed to sell its nutritional drinks brands – the iconic Lucozade and Ribena – to the Japanese consumer goods firm Suntory Beverage & Food (SBF) for £1.35bn in cash. GlaxoSmithKline is to sell ...
Tags: Agriculture, Food
China's Shuanghui International has announced that the Committee on Foreign Investment in the United States (CFIUS) has approved its proposal to acquire Smithfield Foods. Smithfield and Shuanghui International also received governmental ...
Tags: Smithfield Foods, Food
CRAiLAR Technologies Inc., which produces and markets CRAiLAR Flax fiber The Friendliest Fiber On The Planet, announced that it has executed a letter of intent ("LOI") to acquire a European fiber dyeing facility with more than thirty years ...
Tags: Fiber Dyeing, Textile
Gas tariff hike of up to Pk Rs. 85 per mmbtu (million metric British thermal units) for Captive Power Plants (CPPs) would render the most efficient and highest foreign-exchange generating textile industry ineffective, All Pakistan Textile ...
Tags: Textile Sector, Gas tariff
As Chinese economy shows signs of picking up, analysts say shadow banking and local government debt, two major financial worries during the past few months, are less likely now to bring down the world' s second-largest economy. While ...
Tags: Local Debts, Financial Crisis