Stock Market

Potts: now owns 1,002,881 shares following the latest purchase

Morrisons boss puts money where his mouth is

By Noli Dinkovski

Morrisons ceo David Potts has demonstrated his confidence in turning around the fortunes of the retailer by investing a further £360,000 in shares.

Last month Domty was the largest producer of cheese using Tetra Pak packaging in the world, for the third year running. © iStock.com

Domty announces $144m IPO details

By Eliot Beer

Egypt’s Domty has released details of its forthcoming initial public offering (IPO), with plans to sell 49% of the company for up to US$144m.

Saudi food giant Almarai may buy a US$1.5bn stake in the UAE’s National Food Products Company (NFPC). (image:iStock.com)

Almarai in $1.5bn NFPC possible purchase

By Eliot Beer

Saudi food giant Almarai may buy a US$1.5bn stake in the UAE’s National Food Products Company (NFPC), as the Saudi firm ups its dividend payment and plans to boost its equity. 

 The company said it will shift to more premium products to remain competitive in 2015.

Unilever share price soars as sales rise 12%

By Joyeeta Basu

Unilever share prices surged more than 4% within a few hours of the company announcing that its first quarter sales had risen 12.3% to €12.8bn, exceeding expectations.

Tate & Lyle said it expected to finalise a plan to maximise returns from Splenda by the end of the month.

Ajinomoto denies Splenda buyout rumours

By Caroline SCOTT-THOMAS

Ajinomoto has denied claims published in the UK’s Telegraph newspaper that it was eyeing Tate & Lyle’s Splenda sucralose business.

Stock market prices were used to determine costs of food recalls

Recall class biggest factor on bottom line

By Joseph James Whitworth

The class of a recall is the most impactful factor on bottom line when a firm faces a meat or poultry recall, according to research.

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