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14 Current news from the ressort finances


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Chromologics raises additional funding, bringing the series seed to a total of EUR 12.6 M


Chromologics, the Danish biotech company specializing in production of innovative natural food colors, today announced the successful closure of an extended seed round. The company raised an additional EUR 7.1 million in equity from its existing investors plus two new investors. "We are thrilled ...


Nestlé completes CHF 20 billion share buyback program

Start new share buyback program of up to CHF 20 billion


Nestlé S.A. today announced that it has completed its 20 billion share buyback program initiated on July 4, 2017. Since July 4, 2017, Nestlé has repurchased 225,186,059 of its shares for a total of CHF 20 billion at an average purchase price per share of CHF 88.82. A total of 136,160,000 ...


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AB Inbev wants to raise five billion dollars by going public in Asia


According to Kreisen, the world's largest beer brewer AB Inbev wants to raise about 5 billion US dollars (about 4.5 billion euros) with its new plan for the IPO of the Asian division. The Belgian group is currently testing the interest of investors and could publish details next week, the news ...


Stock market hype surrounding Beyond Meat fades away


The high flight of Beyond Meat has ended for the time being - at least at the stock exchange. The US company with the coveted vegan burgers once again suffered heavy price losses at the beginning of the week, and the share was trading weaker for the fifth day in a row. Although the company value ...


Südzucker FY Preliminary Operating Result Falls


Südzucker AG (SUEZF.PK) reported that preliminary Group operating result for financial year 2018/19 decreased to about 25 million euros from the previous year's 445 million euros. The earnings decrease was caused especially by the sugar segment. Group revenues declined to 6.75 billion euros from ...


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 ...


Hügli maintains profitability in demanding market environment

Market changes and macroeconomics put brakes on growth


While Hügli had generated an average annual organic growth of +3.1% in the preceding three financial years, the first half of 2016 was marked by macroeconomic uncertainties, heightened competition and changes to distribution structures. Organic sales dropped by -1.6% in the first half of 2016, ...


McDonald's sales in US edge up for first time in 2 years


McDonald's sales edged up at established U.S. locations during the third quarter, snapping a streak of about two years of quarterly declines. The world's largest burger chain also said sales rose 4 percent on a global basis at established locations. In the U.S., the figure rose 0.9 percent, ...


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