Cadbury today said the demerger of its beverage arm will no longer
result in any capital return to its shareholders, as the company
reported profit losses for the tax year 2007.
The finishing touches are being added to the new Bradman Lake
Group's packaging machinery facility in Norwich, Norfolk, as the
company continues on its global expansion plan.
To get an idea of how a higher prices for commodities and a
competitive European food market are hurting companies' bottom
lines, one only has to look at the financial results published by
threecompanies this week.
In the wake of poor profits and declining sales, ConAgra will close
some of its 150 manufacturing and food processing plants to improve
efficiency, the company said in its latest earnings report.
ConAgra Foods has blamed higher pork and beef costs and the
company's failure to compensate by raising prices sufficiently as
the main reasons for lowering its profits forecast by about
one-third for the fiscal fourth quarter...
The largest wholesale bakery in the United States, Interstate
Bakeries, has filed for bankruptcy amid a tide of mounting debts,
rising costs and falling sales, but the company's new fix-it
specialists have vowed that the show...
