Chesapeake Energy to raise $6.9 billion from asset sales
(Reuters) - Chesapeake Energy Corp said it will sell most of its Permian Basin properties to Royal Dutch Shell Plc and Chevron Corp and a majority of its pipeline assets to raise about $6.9 billion...
View ArticleSmiths News targets half of its profit outside news business by 2016
(Reuters) - Smiths News Plc , UK's largest newspaper and magazine distributor, said full-year profit rose 23 percent and that books, educational supplies and other businesses were expected to...
View ArticleSmiths News wants half its profit to be outside news business by 2016
By Karen Rebelo (Reuters) - Smiths News Plc , the UK's largest newspaper and magazine distributor, signalled a further shift from its core business, saying it expected half of its profit to come from...
View ArticleUK's Informa appoints Stephen Carter as CEO
(Reuters) - British business media group Informa Plc said long-time Chief Executive Peter Rigby would retire at the end of the year and that Stephen Carter would take over as the new CEO in January....
View ArticleCranswick’s pork and bacon in demand as half-year profits rise
PORK processor Cranswick posted a 16 per cent rise in pre-tax profits yesterday thanks to strong demand for its bacon and fresh pork. The FTSE 250 firm, which makes upmarket...
View ArticleIntel cuts sales outlook on weak PC demand, shares fall
(Reuters) - Intel Corp cut its third-quarter revenue estimate and withdrew its full-year forecast, saying demand for its chips declined as customers reduced inventory and businesses bought fewer...
View ArticleLochard puts itself up for sale, shares rise
(Reuters) - Oil and gas exploration and development company Lochard Energy Group Plc put itself up for sale, three months after production at its flagship asset in the North Sea was hit by a blockage....
View ArticleTesco in talks to merge China stores with local retailer -report
(Reuters) - Britain's Tesco Plc , the world's number three retailer, is set to announce on Friday an agreement to merge its operations in China with a division of state-controlled retailer China...
View ArticleWet summer fails to dampen Greene King sales
(Reuters) - British pubs and brewery group Greene King Plc said sales at its own pubs grew 5.1 percent despite an unusually wet summer this year, sending its shares up more than 4 percent. Retailers...
View ArticleMasterCard profit up 14 percent as card spending rises
(Reuters) - MasterCard Inc reported a 14 percent rise in quarterly profit as more people used cards to make payments. The world's second-largest credit and debit card company's net income rose to $879...
View ArticleSchnitzer Steel to lay off 300 people
(Reuters) - Schnitzer Steel Industries Inc , which makes recycled ferrous metal products, said it will reduce its workforce by about 7 percent, as falling prices hit profits. The company, which will...
View ArticleChariot Oil shares plunge as well comes up dry
By Rosalba O'Brien LONDON (Reuters) - Oil explorer Chariot Oil & Gas Ltd lost more than half its stock market value on Monday after the company said a keenly awaited well located in the Nimrod...
View ArticleDunelm sales shine amid retail gloom
By Monika Shinghal (Reuters) - Homewares retailer Dunelm Group Plc bucked trends with a 15 percent rise in full-year profit as its merchandise, typically sold most in winter, drew people to its stores...
View ArticleAMR, US Airways say evaluating potential merger
(Reuters) - American Airlines parent AMR Corp and US Airways Group Inc have signed a non-disclosure agreement as they evaluate a potential merger that would create an airline that rivals leader United...
View ArticleFacebook stock extends decline after price target cut
(Reuters) - Shares of Facebook Inc fell 4.5 percent to a new low on Friday after BMO Capital Markets cut its price target on the social networking company's shares, saying several lock-up expirations...
View ArticleHot hog sales raise spectre of inflation in China
By Naveen Thukral SINGAPORE (Reuters) - Pigs are an unlikely barometer of inflationary pressure, but in China the country's declining herds are a matter of concern amid fears that a spike in pork...
View ArticleCranswick sausage sales sizzle but pig prices weigh on profits
THRIFTY shoppers in search of cheaper meats such as pork and bacon helped boost Cranswick’s sales in the first...
View ArticlePig virus squeezes Hillshire profits; sausage prices to increase
By Michael Hirtzer CHICAGO (Reuters) - Hillshire Brands Co said this week that cases of a virus deadly to baby piglets were growing and the company was increasing meat prices to combat rising...
View ArticleGreggs hopes British Army will march on savouries
By James Davey LONDON (Reuters) - The British army could soon be marching on a stomach filled by Greggs if a trial for the country's biggest baker to supply savouries like Cornish pasties and sausage...
View ArticleCranswick's first-half profit rises but higher pig prices a concern
(Reuters) - British pork processor Cranswick Plc reported a 21 percent rise in half-year profit but said that higher pig prices witnessed during the period had continued into the second half of the...
View ArticleCranswick profit up 21 percent; shares rise
By Karen Rebelo (Reuters) - British pork processor Cranswick Plc reported a 21 percent rise in first-half profit as it passed on higher pig prices to its customers, sending its shares up 7 percent....
View ArticleBritain's Cranswick says US drought may push up pig prices
By Karen Rebelo (Reuters) - Cranswick Plc , Britain's largest pork processor, expects a severe drought in the United States to drive up pig prices as costs of livestock feed surges. Cranswick, which...
View Articleled group wins $4.1 billion railway contract in Australia
(Reuters) - A group led by Bombardier Inc has won a $4.1 billion (2.49 billion pounds) passenger train contract with the Australian state of Queensland. Bombardier, the world's largest trainmaker,...
View ArticleTesco investor calls for CEO to quit - FT
(Reuters) - Tesco Plc's chief executive, Philip Clarke, who is struggling to turn around Britain's biggest retailer, is facing calls to step down from a top shareholder, the Financial Times reported on...
View ArticleDiscovery exits Britain's Channel 5 bidding - sources
By Liana B. Baker and Karen Rebelo NEW YORK/LONDON (Reuters) - Discovery Communications has dropped out of bidding to buy Britain's free-to-air Channel 5, according to two sources familiar with the...
View ArticleZimmer to buy Biomet in $13.35 billion deal
(Reuters) - Medical device maker Zimmer Holdings Inc said it would acquire orthopaedic products company Biomet Inc in a deal valued at about $13.35 billion (7.94 billion pounds). Zimmer will pay $10.35...
View ArticleOil, gas mining engineer Kentz's profit rises 32 pct
(Reuters) - British engineer Kentz Corp Ltd reported a 32 percent rise in full-year profit as demand for its services from the oil and gas industry continued to grow. ...
View ArticleWages in Britain should start rising - BoE's Fisher
(Reuters) - Real wages in Britain should start rising, Bank of England policymaker Paul Fisher said in an interview with a local newspaper on Wednesday. ...
View ArticleAcquisition (Cranswick plc)
(Source: Cranswick plc) 23 October 2014 Cranswick plc ("Cranswick" or "the Group" or "the Company") Acquisition of premium cooked poultry business Cranswick, a leading UK food producer, today announces...
View ArticleElectrical goods retailer Darty names Regis Schultz CEO
(Reuters) - Darty Plc , Europe's third-largest electrical goods retailer, said it appointed Regis Schultz as chief executive effective May 1....
View ArticleEastman Kodak to cut 1,000 more jobs
(Reuters) - Bankrupt Eastman Kodak Co said it will cut 1,000 additional jobs by the end of this year and may cut more as it focuses on its commercial packaging and printing business....
View ArticleHilton to raise as much as $2.37 billion in IPO
(Reuters) - Hotel operator Hilton Worldwide Inc, owned by private equity firm Blackstone Group LP , said it would raise as much as $2.37 billion (1.44 billion pounds) from an initial public offering of...
View ArticleCampbell Soup in talks to sell some European businesses to CVC Capital
(Reuters) - Campbell Soup Co said it was in final negotiations with private equity firm CVC Capital Partners for the sale of some of its businesses in Europe. ...
View ArticleRalph Lauren profit rises 10 percent
(Reuters) - Designer clothing company Ralph Lauren Corp reported a 10 percent rise in third-quarter profit, helped by higher sales at its own stores, sending its shares up 8 percent in premarket...
View ArticleIcahn Enterprises names Keith Cozza CEO
(Reuters) - Icahn Enterprises L.P. , activist investor Carl Icahn's publicly traded investment vehicle, said Keith Cozza will take over as chief executive officer, replacing Daniel Ninivaggi. ...
View ArticleProperty business drives Kier full-year profit
(Reuters) - British construction company Kier Group Plc said its full-year profit rose 2 percent helped by strong performance in its property division but said trading conditions would remain...
View ArticleTri Pointe Homes to buy Weyerhaeuser unit in $2.7 billion deal
(Reuters) - Weyerhaeuser Co is selling its homebuilding division to Tri Pointe Homes Inc in a $2.7 billion (1.7 billion pounds) deal that will leave Weyerhaeuser shareholders in control of one of the...
View ArticleMinerals Technologies to buy Amcol for £1.02 billion
(Reuters) - Minerals Technologies Inc said it would buy Amcol International Corp for about $1.7 billion (£1.02 billion), after Paris-based Imerys SA failed to match Minerals' sweetened bid of $45.75...
View ArticleJJB Sports to appoint administrators after failing to sell itself
(Reuters) - Sports goods retailer JJB Sports Plc said it is appointing administrators to sell its assets and brands after failing to receive an offer for the entire company....
View ArticleBidder says RBS branch sale could be delayed
(Reuters) - W&G Investments Plc , one of the three bidders vying for Royal Bank of Scotland's 315 branches, said the sale could be delayed beyond the two-year schedule. ...
View ArticleChina conditionally clears $5.6 billion Marubeni/Gavilon deal
NEW YORK (Reuters) - Chinese regulators on Tuesday gave a qualified green light to Japanese trading house Marubeni Corp's $5.6 billion (£3.67 billion) purchase of U.S. grain merchant Gavilon, imposing...
View ArticleAG Barr first-half profit falls on higher costs
(Reuters) - Scottish soft drinks maker AG Barr Plc reported an eight percent fall in half-year profit as higher sugar costs and increased brand investment ate into margins....
View ArticleBooker's first-half profit rises on demand from small retailers
(Reuters) - Booker Group Plc , Britain's biggest cash-and-carry wholesaler, reported a 13 percent rise in its first-half profit as demand from caterers and small retailers held up in unusually wet...
View ArticleBritons get a taste for Cranswick’s posh sausages after ‘horsegate’
Sales at the pork processor shot up 15% in the three months to April, when Tesco and other supermarkets admitted some of their beef products actually contained horse meat. “We’re...
View ArticleBritain's Tesco and Sainsbury play out Christmas draw - Kantar
LONDON (Reuters) - Britain's biggest retailer Tesco and No. 3 grocer J Sainsbury dead-heated in the battle for sales growth in the key Christmas period, according to data published on Tuesday....
View Article
