Financials & Economy
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Shoprite’s half year total sales rise despite alcohol sales plunging by 21.8%
SOUTH AFRICA – Africa’s largest retailer Shoprite, has indicated they are going a head with plans of exiting the Nigerian market with the sale of…
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Molson Coors full-year sales drop 8.7% as on-trade restrictions takes toll on business
US – American beverage company Molson Coors has reported an 8.7% decrease in net sales in its 2020 full-year results, as on-trade restrictions in major…
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Guinness Nigeria registers loss in half year period despite 6% rise in revenue
NIGERIA – Diageo’s Nigerian operating unit, Guinness Nigeria Plc has reported a 6% rise in half-year revenue in the period ended December 31, 2020 from…
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Bühler posts 17% decline in full year revenues despite record launch of new innovations and solutions
SWITZERLAND– Bühler faced the challenging environment of 2020 head on, launching a record 86 new innovations and solutions in celebration of its 160 years of…
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Kellogg posts 25.7% rise in full year profits even as it projects slowed demand in 2021
US – The Kellogg Company enjoyed a unusually strong, Covid-related growth in 2020, resulting in 25% rise in full year operating profits. The company’s profits…