Associated British Foods buoyed by strong Aussie dollar
UK company Associated British Foods has today announced an expected strong increase in revenue for the period to 27 February 2010, on the back of strong sugar performance and Australian grocery profits.
ABF, Australia’s second-largest food business, owns George Weston, including brands such as Tip Top, Burgen, Don smallgoods and KR Castlemaine. Their companies also include Twinings, Patak’s, Maille and Tabasco.
According to ABF, in addition to the Australian dollar, infrastructure improvements in Australian bakery and meats areas have shown profits, including the continued progress of construction of the Castlemaine meat factory. Significant savings also resulted from the closure of the KR Darling Downs abbatoir in Toowoomba in November last year.
ABF’s interim results will be announced on 20 April 2010, and profits are expected to be well ahead of 2009, with growth forecast to continue in the second half.
The first five businesses to go through Chobani Australia’s food incubator program have been announc...
Avoiding gluten may be one of Australia’s biggest diet trends of the moment, but 13.9 million Aussie...
A Canstar Blue survey has discovered Australians rank Oporto as having the best fast food hot chips.
SPC has today announced the sale of the Kyabram factory and the iconic brands of IXL jam and Taylor...
Hilton Foods Australia has unveiled its $280m state of the art meat production facility in Heathwoo...
ON the same day doctors linked diabetes to an elevated risk of developing cancer, CSR Sugar launched...
Australians can give sugary breakfasts the flick and balance their body with a natural and nutritio...
Pharmaceutical giant, Bayer AG, has acquired global agricultural company, Monsanto, in a USD $66 bil...
Seems to me that you are picking up dead wood from Goodman fielder. They didn’t help that company. Hope they help yours.