Financials & Economy
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Agthia Group records 61% Increase in H1 profits, plots expansion in Egypt and Saudi Arabia
UAE – Agthia Group PJSC, one of the leading food and beverages companies in the Middle East, has recorded a 61% jump in half-year net profits mainly driven by acquisition synergies…
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Wendy’s opens ghost kitchens to meet growing demand as Deliveroo doubles orders value
UK – American international fast-food chain Wendy’s has announced plans to open 700 delivery-only kitchens by 2025 to meet the growing demand from people who…
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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…