Australian ingredients and food group Burns Philp cashes in on
value creation to fund future investments, spinning off its baking,
spreads and oils divisions into a separate firm.
Sales for the ingredients arm of UK firm Associated British Foods
are expected to rise in the full year as the owner of British Sugar
sees strong growth, beating back raw material costs and adverse
currency movements.
Despite a warning in April that raw materials and currency would
have an impact on second half earnings, the UK ingredients firm
Associated British Foods, which in July laid down €1 billion for
leading yeast supplier Burns Philp,...
Rating agency slapped a negative outlook on Australian food company
Burns Philp & Co as the ingredients company, that integrated
food giant Goodman Fielder last year, unveiled a 9 per cent drop in
2003-04 first half profits.
Australia's largest food and ingredients company Burns Philp &
Co saw net profit rise by 16 per cent to A$170.0 million (€100m)
for the fiscal year ended June 30 but earnings were impacted by
acquisitions - not least Australia's...
The Burns Philp - Goodman Fielder saga continues with the news
today that the Australian Competition & Consumer Commission has
cleared the hostile bid from Australian ingredients company for
Australia's largest food company.
The Burns Philp hostile bid for Australia's biggest food company
appears to be far from over with the ingredients and yeast company
yesterday referring its bid to the Australian Takeovers Panel - the
principal forum for resolving...
Australian food ingredients group Burns Philp & Co. said on
Monday that despite a decline in sales, net profit had risen
sharply to A$56.8 million (€32m) in the first quarter ended 30
September compared to A$19.2 million a year...
Dutch chemicals group Royal DSM has denied being in talks with
Australian food group Burns Philp over the purchase of its Gist
Brocades unit, IndustrySearch.com reports.
Australian food ingredients company Burns Philp & Co said on
Thursday that it had agreed to sell its Australasian terminals
division to Kaneb Pipe Line Partners for A$83 million (€45m).
Australian ingredients company Burns Philp on Thursday announced
the closure of a yeast manufacturing plant in South Yarra in
Melbourne, reports Dow Jones.
