Maple Leaf and Canada Bread profits slump on weak fresh bakery volumes
Canada Bread and its parent company Maple Leaf Foods were both harmed by weak fresh bakery volumes in the first quarter (Q1), negatively impacting companies' profits.
Archives for May 2, 2012
Ecolab forecasts strong 2012, as Nalco takeover costs hit Q1 results
Ecolab’s year-on-year income almost halved in the first three months of 2012 after the firm revealed integration and restructuring costs following the acquisition of Nalco last year reached more than US$41m.
Bright wins knowledge but Weetabix won’t work in China: Analysts
China’s Bright Food has snapped up 60% of Weetabix for £1.2bn (US$1.95bn) but industry analysts say the breakfast cereal concept will flop in China and have coined the move as a mere knowledge buyout.
Weetabix takeover signals focus on EU from emerging markets
The acquisition of Weetabix is the biggest sign yet of emerging market interest in Europe, according to industry commentators.