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...
Australian food ingredients company Burns Philp continued to slim
down its newly acquired firm, Australian bakery giant Goodman
Fielder, with the announcement on Tuesday that another three of the
company's Australian bakeries...
Australian ingredients company Burns Philp has started breaking
down the bakery operations of Australia's largest food company
Goodman Fielder after its successful, but hostile, takeover of the
company in March this year.
Burns Philp's long-running bid for Australia's largest food company
could well be over as the board at Goodman Fielder yesterday, at
last, backed the Burns revised takeover bid and moved over to allow
a Burns Philp majority...
Goodman Fielder, Australia's largest food company, yesterday
reminded the world, on the occasion of announcing a dividend, that
it remained adamant in its decision to reject the hostile takeover
bid by Australian food ingredients...
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.
It would appear that the bid from Australian ingredients and yeast
company Burns, Philp & Co for Goodman Fielder is far from over
with the company saying on Wednesday that it had received approval
from the Foreign Investment Review...
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...
Australian bakery ingredients company Burns Philp announced its
intentions to expand in the emerging Latin American market with the
acquisition of US Kraft Foods yeast and industrial bakery
ingredients business in Latin America.
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.
Shareholders in Australian food ingredients group Burns, Philp
& Co Ltd backed a controversial A$240 million equity raising at
an extraordinary general...
Australian food ingredients group Burns Philp & Co Ltd said on
Wednesday it would take up a Au$900 million bank facility and
conduct a Au$240 million...
