Commodities giant Archer Daniels Midland has booked a drop in full-year profits as record corn prices hit earnings in the fourth quarter. In the three months to the end of June, net profit fell 25% to US$284m, while operating profits slid ...
Tags: corn, corn prices, corn crop
UK retailer Asda has booked an increase in second-quarter sales but sales slowed in the most recent three months of its financial year. In the three months to the end of June, excluding fuel, net sales grew 3.2%. Comparable sales, ...
Tags: Asda, sales, financial year, Q2
Archer Daniels Midland has increased its takeover for Australian rival GrainCorp, which has so far rejected the US agribusiness giant's interest. ADM has tabled an offer worth A$12.50 a share, up from the A$11.75 GrainCorp turned down ...
The appointment of former Tesco UK chief Richard Brasher as Pick n Pay's new CEO last week may not be enough to turn around the fortunes of the South African supermarket operator, some analysts have suggested. Brasher, who will relocate ...
Tags: Brasher, retailer, food operation, food
One of the star attractions of Northumberland has been given an extra sparkle this Christmas as it has been handed cLED lighting has been installed in the garden of Alnwick Castle in order to draw visitors' attention to central features of ...
Tags: Christmas, LED outdoor lights, LED lighting, Northumberland
During Apogee Enterprises Inc.'s Analyst and Investor Day in New York City today, senior management attributed the company's return of profitably in a down market to the increase of its architectural backlog. Jim Porter, chief financial ...
Tags: Apogee Enterprises Inc, down market, architectural backlog
Fairfax Financial Holdings’ RiverStone runoff subsidiary has signed an agreement with Brit Group to buy all the outstanding shares of Brit Insurance Limited (BIL) of London, England for an undisclosed sum. According to the insurer, ...
Tags: Fairfax, subsidiary, BIL, London
Phil Gee, vice president of EMEA sales at component distributor Nu Horizons, talks to Electronics Weekly about the European components market and the economic slowdown, the most promising geographic markets, rising fuel costs and Chinese ...
Tags: Phil Gee, Nu Horizons, EMEA
Luxlive closed last week to good reviews from both attendees and visitors alike. The show featured more than 50 hours of free sessions in 4 themed areas and these were well attended by both show visitors and exhibitor staff alike. There is ...
Tags: Luxlive Show, LED bulb, LED, lighting
The idea of buying farm produce locally has spawned a number of far out ideas over the years.But one I read recently–moving agriculture into abandoned big city buildings,and allow much of our nation's farmland to return to its natural ...
Tags: farm produce, agriculture, farmer, city buildings
AXIS Capital Holdings has reported net income attributable to common shareholders for the second quarter of 2012 of $168m, or $1.35 per diluted common share, up by 66% from $101m, or $0.79 per diluted common share, during the same period ...
Tags: AXIS Capital Holdings, net income, second quarter, common share, insurance
Alterra Capital Holdings has posted a whooping rise of 142% in its net income to $78.9m, or $0.77 per diluted share, for the second quarter of 2012, against $32.6m, or $0.30, for the same period earlier year. Bermuda based insurance ...
Tags: Alterra Capital Holdings, net income, increase, second quarter
SunCoke Energy Inc announced plans to form a master limited partnership, SunCoke Energy Partners LP, which will have an ownership interest in certain of its coke-making facilities. We estimate that consolidated credit metrics will remain ...
Tags: SunCoke Energy, coke, coke making facility
The Saudi Basic Industries Corporation (SABIC) has announced a net profit of SR 6.31 billion for Q3 2012, as against SR 8.19 billion in the same period last year, a decrease of 23 percent, and an increase of 19 percent as against SR 5.30 ...
Tags: Basic Industries, profit, SABIC profit
Everest Re Group has reported $250.9m in net income or $4.82 per diluted common share for the third quarter 2012, an increase of 298% compared to $63.1m, or $1.16 during the same period last fiscal. After-tax operating income, excluding ...
Tags: Everest Re Group, net income, quarter 3, insurance