Day: 29 August 2007

Kansas City / MO. (ibc) Interstate Bakeries Corporation (IBC) will exit the bread market in Southern California, close four bakeries, eliminate about 325 routes, close 17 distribution centres and 19 outlet stores by October 29. The closings and consolidations are expected to affect approximately 1.300 employees.

Macquarie Park / AU. (gfl) Goodman Fielder Limited announces a 23 percent increase in full year profit that was boosted by acquisitions, and says it is well positioned for profit growth in the year ahead. The company reported a 45,7 million AUD increase in profit on a pro-forma basis to 243,2 million AUD for the year ending June 2007.