Associated British Foods (ABF) is reportedly contemplating the sale of its unprofitable sugar business in China to remain focused on its sugar operations in Europe and Africa. For this purpose, the food company has invited bids for five ...
Tags: Unprofitable Sugar, Sugar
Allied Bakeries is on target to commission its largest bread plant, with a capacity of 10,000 loaves an hour, at Walthamstow in East London this summer. Allied Bakeries plans to commission its largest bread plant, with a capacity of ...
Tags: Allied Bakeries, Food
Associated British Foods has forecast flat revenue from its grocery division in the first half of its fiscal year amid challenging conditions in bread markets in the UK and Australia. ABF, which owns the Kingsmill bread brand in the UK ...
Tags: ABF, flat revenue, grocery division
German sugar refiner and food ingredients firm Suedzucker has reported an increase in quarterly profits thanks to its sugar business. The company, one of Europe's largest sugar refiners, said its sugar unit helped drive a 43% increase in ...
Tags: Suedzucker, increase, quarterly profits, sugar business
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
American Sugar Refining,a subsidiary of Florida Crystals and Sugar Cane Growers Cooperative of Florida,has acquired majority stake in Belize Sugar Industries,while the previous shareholders including BSI Employee Holdings continue to hold ...
Tags: sugar cane, BSI, stake, raw sugar
Saudi Arabian retail company Savola has increased its stake in food company Almarai to 36.5%by buying shares worth SAR2bn($533m). The company,which is also involved in sugar business,previously held 29.95%stake in Almarai. Savola said ...
Tags: shares, stake, foods sector, revenues