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
Gulf Oil Review said that as OPEC members meet in Vienna next week they have good reason to feel satisfied. For the first time in history, the average price of the group's basket of oil has been above USD 100 a barrel for 8 consecutive ...
Tags: Gulf Oil Review, basket of oil, oil price, OPEC
Atlas Iron Limited announced that it has completed the Company's previously foreshadowed USD 325 million financing package,ensuring Atlas remains firmly on track to meet its Pilbara iron ore production target of 12 million tonnes per annum ...
Tags: Atlas Iron, financing package, Pilbara iron ore, capital management
Canadian retailer Couche-Tard has booked a jump in full-year earnings, as it benefited from higher sales, improved margins and an extra trading week. The Quebec-based forecourt operator said net profit in the 53 weeks to the end of April ...
Tags: Canadian retailer, margins, trading week
Visa Steel, which went into a corporate debt restructuring program 2 months ago, might try to bring in a strategic investor in its core long steel business. Mr Vishal Agarwal MD of Visa Steel said that "In the special steel business, we ...
Tags: Visa Steel, core long steel, steel business, raw material
Success in cutting costs quicker than expected, as well as an increase in underlying half-year sales and profits, helped drive Premier Foods plc's shares this morning (7 August). The UK food group said it now expects to cut costs by ...
Tags: cutting costs, UK food group, Premier Shares
Kona Medical has raised additional $10m in equity and debt financing round to bring its total proceeds to $40m. The funding round, in addition to its prior investors Essex Woodlands, Domain Associates, Morgenthaler Ventures, Western ...
Tags: Kona Medical, Series C financing, ultrasound
Pegasus Capital Advisors, a US-based private equity fund manager has entered into a binding agreement to acquire the Bangkok-based ultra-luxury resort and spa business of Six Senses Resorts & Spas for an undisclosed sum. Under the terms of ...
Tags: Evason resort, Luxury hospitality, Pegasus, Pegasus Capital, Six Senses
Shares in Kettle Chips owner Diamond Foods tumbled today(10 December),the first day of trading after the US snack group reported a fourth-quarter loss. Diamond's stock was down almost 9%today after the company booked a loss of US$32.9m ...
Tags: Diamond Foods, stock, financial results, loss
Clearwater Seafoods has said large a debt settlement and refinancing charge helped sink earnings in its fiscal first-half. In the six months to the end of June, the company made a net loss of C$5.4m (US$5.4m) compared to earnings of ...
Tags: debt settlement, fiscal first-half, net loss
Chilean retailer Cencosud has set the price at which shares in the company will begin trading in New York. The company is offering a mix of shares and American Depository Shares as it looks to raise funds for expansion, to pay down debt ...
US-based Gladstone Investment has announced an investment of $16.5m in Frontier Packaging, through a combination of debt and equity. Investment management company Gladstone provided the capital to purchase the business from its previous ...
Tags: Frontier Packaging, sensitive packaging materials, Gladstone Investment
Carrefour today (30 August) reported a fall in half-year profits but shares in the French retail giant rose as analysts had expected a steeper decline. The French retail giant booked recurring operating income of EUR769m (US$965.3m), down ...
Tags: Carrefour, retail giant, operating income, profit drop
French vegetable processor Bonduelle has booked an increase in full-year earnings, with sales growth outside of Europe offsetting weakness on the continent while cost cutting initiatives and lower financing costs boosted the bottom line. ...
Tags: vegetable processor, net income, Bonduelle
Associated British Foods today (10 September) revealed it had taken an impairment charge of A$150m (US$155m) on its Australian meat business as it battles "difficult" trading conditions in the market. The UK-listed group announced the ...
Tags: Australia, ABF, impairment charge, meat business