Financials & Economy
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Olam to list food ingredients unit in London after first half profit jump
SINGAPORE – Agricultural commodity trading company Olam has picked London for the initial public offering of its multibillion-pound food ingredients business, as it looks to…
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Zomato’s quarterly losses widen despite 22% jump in operational revenue
INDIA – Indian multination food delivery company Zomato has seen its net losses jump 168% from the previous quarter to Rs 360 crore (US$48m) despite the…
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Swiss-based Coca-Cola bottler HBC records 88% jump in half year profits buoyed by recovery in out of home consumption
SWITZERLAND – Hellenic Bottling Company, the world’s third-largest Coca-Cola anchor bottler in terms of volume, has reported a 88% surge in net profit to 233.1 million euros (US$273.54…
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Post Holdings, Tyson Foods post strong Q3 results buoyed by elevated demand in the food service channel
US – American consumer packaged goods demand Post Holdings and Arkansas-based multinational meat processing company Tyson Foods have reported double digit growth in net sales…
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South African packaging manufacturer Mpact to expand production capacity, fueling further growth
SOUTH AFRICA – Mpact, one of the largest paper and plastics packaging business and recycler in Southern Africa, has reported a 16.3% rise in revenue…