Toronto / CA. (cb) Canada Bread Company Limited said in a statement quarterly profit slipped due to a stronger Canadian Dollar (CAD), a decline in sales in its frozen bakery operations and more costly restructuring. The company´s Q2/2010 highlights include:
Toronto / CA. (gwl) George Weston Limited reported a significant rise in profit for Q2/2010, driven by higher revenues as well as lower interest expenses and financing charges. Net earnings soared to 125 million CAD from four million CAD in the same quarter last year.
London / UK. (ffg) Finsbury Food Group PLC, a leading manufacturer of cake, bread and morning goods, and gluten free bakery products, is providing an update on trading in advance of entering its close period.
Liverpool / UK. (rgf) Real Good Food Company PLC owns the largest independent non-refining distributor of sugar in Europe (Napier Brown) and is a supplier of bakery ingredients and a manufacturer of sweet bakery products for a range of major retail customers.
Coatbridge / UK. (lf) Lees Foods PLC, owners of «Lees of Scotland» and «The Waverley Bakery», is giving the following trading update on its positive performance during the first six months of 2010, in advance of the release of the Company´s interim results …
St. Louis / MO. (pbc) Panera Bread reported net income of 27 million USD or 0,85 USD per diluted share for Q2/2010. This includes the impact of 0,01 USD per diluted share from the Company´s repurchase of 897’556 shares under its 600 million USD repurchase authorization.
St. Louis / MO. (rh) Ralcorp Holdings Inc. announced that it has completed the acquisition of American Italian Pasta Company (AIPC) for a total purchase price of 1,2 billion USD, net of cash acquired. With the completion AIPC is now a wholly-owned subsidiary of Ralcorp.
Kiev / UA. (if) According to the Antimonopoly Committee of Ukraine the Committee has permitted private enterprise Multimix, based in Donetsk region, to gain control over OJSC Donetsk Bakery, Kramatorsk bakery, Khartsyzsk bakery and Shakhtarsky Khlib.
Kiev / UA. (ami) Nikolay Prysiaghniuk, the Minister of Agrarian Policy of Ukraine, stated that he does not exclude that the Government of Ukraine will introduce the quotas for milling wheat exports after finishing of the harvesting campaign.
Bucharest / RO. (div) This year the wheat production will be lower than anticipated initially, 15 to 20 percent of the cultivated area being affected by unfavourable weather conditions, said the secretary of state in the Ministry of Agriculture, Adrian Radulescu.