Silgan Holding’s net income plummeted year-on-year in Q2 by $40.6m (€33.5m) and warned planned customer shutdowns could further impact results.
AEP Industries has reported a Q2 net sales increase of almost US$50m (€40m) and a profit rise of $13.3m from the same period last year despite a “high degree of economic pessimism in our markets.”
Flow Technology segment will benefit through $1bn Bosch deal - SPX
SPX has agreed to sell its Service Solutions business to Bosch in a deal worth over $1bn – allowing the company to build on the success of its Flow Technology division.
Premier Foods boss Michael Clarke has received a resounding vote of confidence from city analysts, six months into his role, as he continues his plan to guide the firm out of trouble.
Raisio sells margarine business to Bunge for €80m
Raisio is to sell its margarine portfolio to Bunge, a move that will allow it to focus on its grain business and give it a powerful new partner for its Benecol plant stanols brand.
Panera Bread reports 28 per cent revenue boost
Panera Bread said yesterday second quarter revenues for 2007
increased 28 per cent over the same period last year,
but operating profit fell by 3.4 per cent.
Premier Foods to sell frozen foods division
Premier Foods will sell its frozen foods division, according
to a trading update released today.
Sara Lee encourages food-lovers to get emotional
American-owned food group Sara Lee is going back to basics with a
new marketing campaign designed to remind food lovers of the joys
of eating - shirking the trend towards functional foods.
Sara Lee looks to baked goods after financial setback
Despite set backs to its global expansion plans, the Sara Lee
corporation has revealed that's its North American bakery division
still remains profitable.
Sara Lee sees Q3 profits tumble
Yesterday American-owned Sara Lee reported a massive 77 per cent
drop in third quarter operating profit from $189m last year to $42m
in 2006, impacted by a vast portfolio cull.
Sara Lee negotiates European meats sale
US food and consumer goods producer Sara Lee announced Friday it
has entered discussions with Smithfield to sell its European meats
arm, following a drop in the division's anticipated selling price.
Sara Lee to sell coffee business, focus on food
US bakery and international consumer goods manufacturer Sara Lee
has signed an agreement to sell its US retail coffee business as
part of the company's bid to redefine its over-stretched product
portfolio and turn around its...
Sara Lee to sell European apparel business, focus on food
Leading US bakery and international consumer goods manufacturer
Sara Lee has announced that it has entered negotiations regarding
the sale of its European branded apparel business. The move forms
part of the company's bid to...
Food firms falling behind in ability to innovate?
The food industry is falling behind in its ability to innovate,
claims an article in this week's The Economist.
SIG divests to concentrate on core business
SIG is selling the Italian companies SIG Simonazzi (beverage
filling equipment) andSIG Alfa (labelling machines) to the Tetra