American food giant Conagra Brands has agreed to acquire Thanasi Foods, which makes Duke's meat snacks and BIGS seeds. The financial terms of the transaction were not disclosed by the parties. Based in Colorado, Thanasi Foods is a small ...
Tags: Seed Snack, Meat
Toyota Motor Europe has announced a planned investment of £240m in its UK manufacturing facility at Burnaston in Derbyshire. The factory will be upgraded to allow the production of vehicles on the Toyota New Global Architecture ...
Tags: Car Manufacturing Plant, Toyota
Avery Dennison announced that its board of directors has elected Gregory S. Lovins as vice president and interim chief financial officer, effective immediately. As interim CFO, Mr. Lovins will lead the company’s finance function, ...
Tags: Avery Dennison, Packaging
British-Dutch multinational company Unilever is reportedly planning to divest certain food brands from its consumer goods portfolio for £6bn. Flora margarine spread and Stork butter brands are among the brands that are likely to be ...
Tags: Unilever, food brands
Coveris Holdings has reported financial results with $2.5bn for the full year of 2016. Excluding the impact of currency, $96 million, these sales were in-line with the prior year. For the fourth quarter, net sales were $592 million ...
Tags: Coveris Holdings
German luxury car-maker BMW plans to launch 40 new or revised models under its brands BMW, Mini and Rolls Royce by 2018 as it looks to compete against its rival Mercedes. The company will focus on top end and premium segments in its ...
Tags: BMW, luxury car
Microsoft has agreed to license a batch of patents to Toyota to enhance connected car experience for consumers. Financial details of the agreement have not been disclosed. The deal will give Toyota access to a suite of in-car technologies ...
Owners, Steve Mohabir and his wife Tracey opened the toy store in 2009 as a tribute to their two year old son Marcus and friends Toby and Kate Beasley who died in a car crash in 2004. Surrey toyshop, The Toy Box has decided to close its ...
Tags: Steve Mohabir, Toy
We know a new phone from Microsoft is on the way, but at this point details are sparse, so any new information is a welcome development. In November, Microsoft CEO Satya Nadella told the Australia Financial Review that Microsoft is ...
Tags: Microsoft Patent, Surface Phone
Inventure Foods has agreed to divest Fresh Frozen Foods to The Pictsweet Company for nearly $23.7m in an all-cash deal. The strategic sale by Inventure Foods was announced during an ongoing company review process aimed at improving ...
Tags: Inventure Foods, Frozen Foods
The European Bank for Reconstruction and Development (EBRD) is providing a $15m loan to Agrofusion Group, the largest tomato paste producer and exporter in Ukraine. Agrofusion, a vertically integrated and family-owned company, is planning ...
Tags: European Bank, tomato
The global solar market has yet to show signs of turnaround after going through the turbulent 2016. The latest Gold Member Solar Report by EnergyTrend, a division of TrendForce, forecasts that the global PV demand for 2017 will total just ...
Tags: solar market, PV
US auto giant General Motors has agreed to sell its European operations to French automaker PSA Group for €2.2bn. PSA will buy Opel/Vauxhall automotive operations for €1.3bn, while GM Financial’s European operations will ...
Tags: General Motors, PSA Group, automotive
China's consumer price index, a key gauge of retail inflation, rose 0.8 percent last month, the slowest growth in two years, due to the distortion caused by the timing of the Chinese Lunar New Year. Analysts said the low consumer ...
Tags: retail inflation, vegetables, food prices
Numerical targets to reduce coal and steel production capacity have, for the first time, been set in the annual Chinese government work report. China will reduce steel production capacity this year by around 50 million metric tons and ...
Tags: Steel Capacity, Coal