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Nogger's Blog (Free subscription) | 06/11/2009
Tate and Lyle have announced pre-tax profits of GBP112 million in its H1 2009 results."Tate & Lyle performed slightly ahead of our expectations in the first half of the year, before the impact of exchange translation, despite challenging conditions in a number of our markets," said new CEO Javed Ahmed. Sales increased by 7% to £1.82 billion. Adjusted operating profit fell by 1%...
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<title> - MarketColorz, Indian Stock Market... (Free subscription) | 05/11/2009
Here are stocks that are in news today: Suzlon -Plans to repay $850 million debt from RE Power, Hansen acquisitions -Suzlon to hike RE Power stake by 9% -Axis Bank & SBI to refinance $465 million for Suzlon -RE Power equity and assets to be given as collateral -Suzlon promoters to bring in $35 million for re-financing -Barclays, ICICI Bank to provide $350 million for debt from Hansen acquisition...
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<title> - MarketColorz, Indian Stock Market... (Free subscription) | 05/11/2009
Concerned over the rise in cotton prices, the Confederation of Indian Textile Industry (CITI) has said that speculation by a few large international cotton traders has led to a substantial hike in cotton prices in the Indian market as well. CITI has asked the government to restrict cotton export to ensure availability and check prices. Although there was a significant increase in arrival of cotton...
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Financial Times (Free subscription) | 04/11/2009
Associated British Foods has warned that consumer confidence remains fragile, in spite of its better than expected profits and a surge in sales at its Primark discount...
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The Irish Times (Free subscription) | 04/11/2009
Budget clothing chain Primark, which trades as Penneys here, accounted for 35 per cent of overall group profit at parent company Associated British Foods (ABF) the London-based company said in a statement yesterday.
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Times Online (Free subscription) | 04/11/2009
Associated British Foods (ABF), the owner of Primark, has reported a 12 per cent rise in revenues to £9.3 billion this year as budget-conscious consumers across Europe flock to the discount stores.
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Seattle Transit Blog (Free subscription) | 03/11/2009
Financial engineering comes back to bite transit agencies; Congress likely to step in to avoid the pain (H/T: Mike Fisher). Sound Transit would be on the hook for $15m ($, via mickymse) were Congress to fail. Warren Buffett’s investment company, Berkshire Hathaway, is buying BNSF. More backyard cottages. New pedestrian signage by Beacon Hill Station. Catching flu on the [...]
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The Telegraph (Free subscription) | 03/11/2009
Associated British Foods the company behind the Primark fashion chain and Kingsmill bread has warned that the scale and speed of the economic recovery remains uncertain.
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The Guardian (Free subscription) | 03/11/2009
Primark may be driving profits at ABF, but its posh tea division Twinings is proving less resilient to the recession. Some 400 jobs are to be axed in the north east and Hampshire as Britons loses their taste for premium priced teas. All fall in demand for aromatic teas such as Lady Grey and Lemon Grove has led Twinings to announce plans to close its packaging sites at North Shields with the loss of...
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The Guardian (Free subscription) | 03/11/2009
• Fashion retailer announces 20% increase in sales to £2.3bn • Anti-poverty charity criticises conditions of garment workers The war of words between anti-poverty campaigners and high-street fashion chain Primark has moved up a gear after the cheap-chic store group announced a big increase in sales and profits despite the recession. The fashion retailer, which is part of the Associated...
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ireland.com (Free subscription) | 03/11/2009
Associated British Foods (ABF), the owner of Penneys clothing stores, today announced that annual profit was little changed after it lost money on business shutdowns.
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Financial Times (Free subscription) | 03/11/2009
A growing taste for Ovaltine in Brazil, combined with the fast expansion of Primark stores, has boosted sales at Associated British Foods, mitigating the effects of the group's ill-timed entry into vegetable oil futures
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BBC News (Free subscription) | 03/11/2009
Discount clothes shop Primark has enjoyed "exceptional" sales and profit growth, owner Associated British Foods says.
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Market Watch (Free subscription) | 03/11/2009
LONDON (MarketWatch) -- Associated British Foods said Tuesday that its fiscal-year profit dipped 2% to 383 million pounds, from 391 million pounds last year. Revenue rose to 9.3 billion pounds, from 8.2 billion pounds. Adjusted to exclude business and asset sales and exceptional charges, profit before tax increased 4% to 655 million pounds. Sterling weakness had a favourable effect and sugar operations...
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