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54 Current news from the ressort finances


Nordzucker agrees majority stake in Mackay Sugar Limited

Acquisition of 70 percent majority stake in Australian sugar producer Mackay Sugar


Nordzucker and Mackay Sugar Limited have contractually agreed that Nordzucker will acquire a 70 per cent majority stake in Australia's second-largest sugar producer. Nordzucker is thus building up production capacities outside Europe and consistently pursuing its strategy of focusing on sugar ...


United Natural Foods Q3 adjusted earnings Beat Estimates


United Natural Foods (UNFI) released earnings for its third quarter that climbed from last year.The company's bottom line came in at $51.89 million, or $1.02 per share. This compares with $36.59 million, or $0.72 per share, in last year's third quarter.Analysts had expected the company to earn ...


Saudi Arabia's Nadec To Buy Danone Unit Via Capital Raise


Saudi Arabia's National Agricultural Development Co., part owned by the sovereign wealth fund, will acquire Danone SA's venture in the country, according to reports. Nadec, as the company is known, will fund the acquisition of privately held Al Safi Danone through a capital increase of 536 ...


FEMSA: Company Carries Out Sale Of 5.24% Stake In Grupo Heineken


Multinational Mexican company Femsa announced that it completed the sale of a 5.24% stake in Grupo Heineken Group. The shares offering raised near 2.5 billion euros. The operation consisted of 22.485 billion shares of Heineken N.V., representing 3.90% of the issued capital at a price of totaling ...


Tesco Q1 LFL Sales Up On Strong UK, Despite Weak International


Tesco plc reported Friday that its first-quarter sales grew 3.6% including a 2.9% positive foreign exchange translation effect. Total sales at constant exchange rates were up slightly less at 0.8%, as the year-on-year impact of selling Dobbies, Giraffe and Harris & Hoole more than offset store ...


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Delivery Hero plans 450-million-euro IPO on Frankfurt exchange


German food delivery service Delivery Hero plans to raise 450 million euros (506 million dollars) in an initial public offering (IPO)in the coming months. Rocket Internet - Germany's main tech investor, which owns 36 per cent in the food delivery company - said in a statement that it aimed to ...


The Coca-Cola Company Q1 Profit Declines 6%


The Coca-Cola Company (KO) announced earnings for first quarter that decreased from last year. The company said its earnings totaled $1.88 billion, or $0.43 per share. This was lower than $1.99 billion, or $0.45 per share, in last year's first quarter. Analysts had expected the company to earn ...


The world’s most valuable food and beverage brands


Unilever’s portfolio of brands valued at $42.9 billion, more than double KraftHeinz Food brands experience a challenging year, with the top 4 all losing brand value Australia’s Devondale is the fastest growing food brand, up 35% year on year Every year, leading valuation and strategy consultancy ...


HOCHDORF posts record earnings in 2016


The HOCHDORF Group significantly increased its earnings in the 2016 business year. With gross sales revenue at the previous year's level of CHF 551.5 m, the Group achieved record levels of EBITDA and EBIT, at CHF 33.4 m and CHF 22.5 m, respectively. Taking into account the major capital ...


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Krones achieved its 2016 growth and earnings targets


Revenue increased 6.9% to €3.39 billion, order intake increased 7.9%. Profitability was stable, with the EBT margin once again at 7.0%. Krones generated free cash flow of €49.2 million in 2016. Revenue and earnings are expected to increase further in 2017. Krones, the world’s leading ...


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