Economy and finance
202 news found
Economy and financeTanzania and Ifad together to increase the productivity of the country
Objective: to improve food security and build the resilience of small farmers
A US$77.4 million project signed by the International Fund for Agricultural Development (IFAD) and the Government of the United Republic of Tanzania will bring much needed help to 260,000 rural households... more
Economy and financeRch in 2020: over 23 million in turnover
For 2021 growth estimated at 20% and further increase in the workforce
Rch has communicated the results for the year 2020 which recorded a turnover that exceeds 23 million euros, with a gross operating margin (ebitda) of 2.7 million euros. Despite the profound uncertainty... more
Economy and financeCdp and Sace help IWB in M&A
They subscribe bonds for 25 million, closed early placement of 130 million
Cassa Depositi e Prestiti and Sace support Italian Wine Brands for possible extraordinary acquisitions. The two public conglomerates have subscribed a share equal to 25 million of the 130 million bond... more
Economy and financeKellogg invests 140 million euros in Pringles
The new production line starts in the Polish factory opened early
This is an investment that will increase production by 34%, which corresponds to another 120 million cans of Pringles per year. more
Economy and financeAgriculture is the protagonist of Italian leasing
In 2020, 3,873 agricultural and primary processing companies were financed with over 491 million euros
Agriculture proves to be one of the leading sectors of Italian leasing. This is stated in the statistical report To Lease 2021 edited by Assilea, the Italian association of leasing and long-term rental.... more
Economy and financeDe Longhi: agreement for the acquisition of Eversys finalized
The remaining 60% was sold to the Group for Chf 110 million
Following the completion of the authorization process by the competent bodies (in particular the antitrust bodies) and the occurrence of the conditions precedent, the De 'Longhi Group finalized the... more
Economy and financeBonifiche Ferraresi rewards employees
The holding closed 2020 with a profit of 2.4 million
The ordinary shareholders' meeting of BF Spa, the controlling holding of Bonifiche Ferraresi, approved the financial statements at 31 December 2020. The value of production stood at Euro 97.4 million,... more
Economy and financeUnilever grows thanks to "at home" consumption
Recorded an increase in sales of 5.7% in the first quarter of 2021
Unilever reported sales growth of 5.7% in the first quarter of 2021, driven by strong demand for food at home. The owner of Ben & Jerry's, Marmite and Hellmann's reported revenues of € 12.3 billion i... more
Economy and financeGreen Deal: 3,000 million trees by 2030
A plan that could increase the risk of fires if not carried out according to good planning
Forests are large "carbon sinks" and contribute greatly to compensating for the increase in carbon dioxide in the atmosphere. For this reason, policies to preserve and restore them are widely supported... more
Economy and financeMondelēz International rides the wave of emerging markets
7.9% growth in net sales in the first quarter of 2021
Mondelēz International reported growth of 7.9% ($ 7.24 billion) in net revenue in the first quarter of 2021, and has seen improved sales in its emerging markets. The Group explained in a press release... more
Economy and financeAutogrill: 2020 financial statements approved
Revenues down by 59.8% at constant exchange rates compared to 2019
The shareholders' meeting of Autogrill SpA, which met under the chairmanship of Paolo Zannoni, examined and approved the 2020 financial statements, which show a net loss of € 38,287,850, and also a... more
Economy and financeCrédit Agricole Italia conquers the CreVal
Success for the takeover bid
Crédit Agricole Italia has communicated that on the basis of the provisional results communicated by the appointed intermediaries, approximately 90.94% of the Credito Valtellinese shares subject to the... more
Economy and financeBalsamic vinegar of Modena IGP passes the 2020 test
Global production of 90 million liters recorded
Despite the difficult economic conditions caused by the pandemic, primarily the closures in the out-of-home channel both in Italy and abroad, the balsamic vinegar of Modena IGP wins the 2020 test, registering... more
Economy and financeDe Longhi approves the 2020 financial statements
The year ended with revenues up by 11.9%
The shareholders 'meeting of De' Longhi SpA, which met today in ordinary session, approved the 2020 financial statements, thus confirming the data approved by the board of directors on 11 March... more
Economy and finance"Don't just share, care" for "Earth Day 2021"
SodaStream presents its sustainability goals / Video
The SodaStream campaign for "Earth Day 2021" "Don't just share, care" starts today, starring the well-known American entrepreneur Randi Zuckerberg , who in a video invites people to show concern for... more
Economy and financeDeA Capital: approved the financial statements at 31 December 2020
Net profit of 25.4 million euros
The general meeting of shareholders of DeA Capital SpA met today under the chairmanship of Lorenzo Pellicioli. The shareholders' meeting approved the financial statements at 31 December 2020 of the... more
Economy and financeWith the pandemic, the sale of frozen food at home is growing
For Bofrost suisse turnover of 37.3 million Chf, + 25.8%
Bofros suisse AG, a Swiss company engaged in the home-based sales of frozen foods, closed its 2020-21 financial statements at the end of February with a turnover of 37.3 million francs, + 25.8% compared... more
Economy and financePepsiCo on the rise in the first quarter of 2021
Recorded net revenues of 2.4%, the company expects further increases in Q2
PepsiCo reported organic growth in net revenues of 2.4% in the first quarter and expects a further increase in the second quarter thanks to reopening in the restaurant channel. The company reported first-quarter... more
Economy and financeHeineken aims for carbon neutral by 2030
New goals announced as part of the EverGreen growth strategy
Heineken announced its commitment to become carbon neutral in manufacturing by 2030 and across the value chain by 2040. The announcement marks the first in a series of "Brew a Better World" goals, which... more
Economy and financeCrédit Agricole, sink into the Valtellinese
The offer has been adjusted to 12.2 euros per share. Maioli: It's our final offer"
Crédite Agricole relaunches the takeover bid on Credito Valtellinese, with an increase to 12.2 euro per share (from 10.5) plus another 3 cents if 90% of the shares delivered in takeover bid are reached.... more
Economy and financeIntesa SanPaolo finances La Doria on the basis of sustainability parameters
Credit line of 10 million with bonus mechanism linked to ESG target
Intesa Sanpaolo and La Doria, a company active in the production of tomato derivatives, ready-made sauces, fruit drinks and preserved legumes and present in the most important large-scale distribution... more
Economy and financeIlly appoints Macchione as new CEO of Polo del Gusto
The family is looking for a minority shareholder who can invest 50-100 million
Andrea Macchione is the first CEO of Polo del Gusto, the sub-holding of the illy Group which brings together all the extra-coffee brands. CEO of Domori, which is part of the same Polo, Macchione goes to... more
Economy and financeFood prices also rose in March
FAO: "Vegetable oils and dairy products drive the increase"
World food prices also increased in March. This is the tenth consecutive month in which there is a rise in prices. Vegetable oils and dairy products are driving the increase. Specifically, the food price... more
Economy and financeCameo publishes the "Sustainability Charter"
27 projects on which the company is committed over a long term horizon
Cameo, a food company specializing in cakes, puddings and pizzas, present in Italy for over 80 years, and known in the rest of the world as Dr. Oetker, is now declaring its commitment in 40 countries by... more
Economy and financeItalpizza: 20M euro minibond subscribed by UniCredit
It is intended for the investment plan for the company's internationalization
Italpizza, a leading company in the production of pizzas, with a turnover of 170 million euros in 2020, has issued a minibond of 20 million euros, underwritten by UniCredit and 70% guaranteed by Sace.... more
Economy and financeNewlat Food on showcase in the UK
It will participate in the Mid & Small virtual conference in London
Newlat Food SpA announces its participation, on April 20, 21 and 22, in the Mid & Small virtual conference in London, organized by Virgilio IR. The conference will allow management, through digital meetings... more
Economy and financeUnigrains and Invitalia invest in Frigomeccanica to accelerate growth
The founding Di Serafino family reinvests significantly and continues to lead the company
The Company is an Italian leader in refrigerated equipment, furniture and technological components for ice cream, coffee, pastry, and retail shops as well as food court areas. more
Economy and financeDe' Longhi is financed with Private Placement on the US market
Securities for an amount equal to Euro 150 million intended for institutional investors
Strong sign of the international credibility enjoyed by the Treviso group. more
Economy and financePrivate equity: Orienta sells Sidac
The company specialized in flexible packaging sold to the Austrian Schur Flexibles Group
Orienta Partners, a company specializing in investments in Italian SMEs through the Club Deal structure, has sold its 100% stake in Sidac to Schur Flexibles Group, an Austrian player among the leaders... more
Economy and financeMarr, revenues higher than the market trend
The Group focuses interventions in favor of sustainability and digital development
MARR S.p.A. the leading company in Italy in the sale and distribution to the foodservice of food and non-food products, closed the first quarter of the year by completing the acquisition of the Verrini... more