Economy and finance
561 news found
Economy and financeVortice with acquisition of Casals contributes to animal welfare
The two companies have developed a series of blades and axial fans for stables
It recently won the "Lider" award as the best company in the territory of Ripolles, in the province of Girona, Spain. We are talking about Casals Ventilacion, an Iberian company that has specialized in... more
Economy and financeRestaurant Brands, golden quarter exceeds analysts' estimates
Fast food chain with Burger King reports consolidated sales +9.6% to over $30 billion
Restaurant Brands International, the Canadian-American multinational fast food holding company, is off to a good start on the Wall Street stock exchange today (+1%) after beating analysts' consensus estimates... more
Economy and financeTyson Foods, earnings plummet and drag down stock on the stock market
Operating profit -82% in third quarter of fiscal 2023: blame falling consumer spending
The slump in profits of Tyson Foods, a U.S.-based company based in Arkansas (and branches also in Italy, in Verona) but above all one of the world's largest players in the animal protein sector, is not... more
Economy and financeCoricelli's challenges to defend oil made in Italy
Circular economy, blockchain, new contracts with farmers: the Spoleto-based company's challenges
When it comes to made in Italy Chiara Coricelli, ceo of Umbrian Pietro Coricelli, has nothing to learn. Her oil empire is one of the strongest brands not only in Italy. The family business has been based... more
Economy and financeFiorucci salumi changes hands and returns to Europe
Historic delicatessen acquired by Germany's Navigato and Ireland's White Park
Fiorucci cured meats are returning to Europe. In fact, the company is moving from Mexican multinational Sigma Alimentos to Germany's Navigator group and Ireland's White Park Capital. Cesare Fiorucci charcuterie,... more
Economy and financeKraft Heinz, sales miss estimates and stock suffers
Wall Street opening at -1.3%: blame net sales attested at $6.72 bn (analysts expected $6.8 bn)
Kraft Heinz's sales miss estimates as price increases hit demand. The company itself said this, announcing that it missed quarterly sales estimates as inflation-hit customers bought fewer packaged meals... more
Economy and financeWheat king Bunge raises 2023 estimates after positive half year
Missouri agribusiness forecasts earnings of $11.75 share, higher than market expectations
One of the world's largest agribusiness deals has just been initiated (and is about to close) that could turn the grain sector itself on its head, with Glencore's acquisition of Viterra, Canada's largest... more
Economy and financeCherry Bank, €5 million loan to Sperlari
The goal is to foster the development of Paluani 1921's production lines
Strong support for both the manufacturing business and the excellence of made in Italy, without forgetting the impacts on the local economy. These are the key points that guided the closing of the 5 million... more
Economy and financeDeA Capital Alternative Funds Sgr invests in the Snaidero Group together with Amco
The operation envisaged a capital increase of over 15 million euro
IDeA Corporate Credit Recovery II (“IDeA Ccr II”), managed by DeA Capital Alternative Funds Sgr, today finalized an investment agreement in the Snaidero Group, confirming its support for the new 2023-2027 dev... more
Economy and financeMondelēz raises annual outlook thanks to rising revenues
Second quarter closed with sales up 17% to €7.7bn: 2023 forecast raised to 12%
Mondelēz International has raised its organic net sales growth forecast for the full year 2023 after reporting a 17 percent increase in sales in the second quarter, double the +9.5 percent increase in... more
Economy and financePret a manger, sales at over 500 million in the first half of the year (+20%)
The British chain recently made its debut in Italy through Chef Express
Pret a manger, a U.K. based coffee and food-to-go chain, reported 20% year-on-year sales growth in the six months ended June 30, 2023 to reach 430 million pounds, or more than 501 million Euros. The company... more
Economy and financeBrazilian antitrust blocks sale of DPA to Lactalis
It seemed like a done deal: instead, Cade refers the purchase to the Court of Justice
The technical staff of Brazil's antitrust watchdog, Cade, or Administrative council for economic defense, has given the body its negative opinion on the sale of Dpa, Dairy partners america Brazil, from... more
Economy and financeDanone, "solid" first half 2023
Turnover up 8.4%, sales up 6.4%
Danone reported a "solid" first half of the year, with net sales of 14.17 billion Euros, up 8.4%. Second quarter sales stood at 7.2 billion Euros, up 6.4%, with prices up 8.7% and volume/mix down 2.3%.... more
Economy and financeDeA Capital Real Estate Iberia: 100% occupancy of the Villaverde logistics platform in 5 months
The warehouse was the first expansion project in the Spanish market
DeA Capital Real Estate Iberia announces the full occupancy of its new last mile logistics project located in Villaverde (Madrid), just 11 km from the city centre, a privileged location for last mile e-commerce... more
Economy and financeIllycaffe'. Trieste targets China with capsules
Partnership with Hangzhou Onechance Tech wants to triple Chinese business
"China remains a virgin country for us: we are present with a subsidiary but for us it is the biggest unexplored opportunity". This was said by Illy Caffè ceo Cristina Scocchia, according to whom the A... more
Economy and financeFerrero: US subsidiary Ferrara Candy C. buys Dori Alimentos
The brazilian company in 2022 achieved sales of 226 million euros
Ferrara Candy Company, a U.S.-based confectionery manufacturer owned by the Ferrero Group, has taken over Dori Alimentos, a company founded in 1967, a large brazilian manufacturer and distributor of sweets... more
Economy and financeAutogrill: goodbye to the stock market
Dufry takeover bid has ended: after 26 years on the Milan Stock Exchange, the stock is no longer listed
It fits to talk about sadness in a case like this. Because it is peculiar and raises melancholy questions to no longer see on the stock market, in Milan, after 26 years of presence the ticker AGL linked... more
Economy and financeNB Aurora divests 49.9% stake to new vehicle
€144.2 million transaction for fund that invests in Italian SMEs of excellence
NB Aurora, a Luxembourg-based fund that invests in unlisted Italian SMEs of excellence, announces that "binding agreements have been signed regarding the sale of 49.9 percent of its holdings portfolio".... more
Economy and financeElectrolux ready to sell Zanussi and Zoppas
Demand is always falling and the Swedish multinational thinks about the sale of the two historic Italian brands
Second quarter 2023 in negative for Electrolux showing a decline in sales of 8.4% while on the revenue front the decline was more modest: -3%, to 2.84 billion Euros. What is worse is that the Swedish multinational... more
Economy and financeGrain deal, Putin attacks, Kiev responds
Russian missile raid in the Black Sea destroys 60,000 tons of grain. Ukraine: terrorism against the world
He has a good point when he says the czar of all Russias, Vladimir Putin, that "Western countries did everything they could to derail" the grain deal. He has a nice saying when he accuses the West, as... more
Economy and financeAzimut joins the Agricola Moderna group
The fund has invested 15 million euros in the society of vertical farming facebook sharing button
The Agricola Moderna group, one of the leading companies in the field of vertical farming and research and development of hardware systems and software applications for indoor farming, has completed the... more
Economy and financeWheat Ukraine/4. What are the consequences of the stop?
The futures are immediately splashed high, production is in danger: Italy looks for solutions, Europe trembles
The failure to extend the agreement on Ukrainian wheat is already having an effect. It is bad. The future of wheat with delivery in September immediately rose to 681.10 dollars per bushel (from 595 dollars... more
Economy and financeDigital agriculture, European Agritech project kicks off
Coordinated by the University of Pisa has a budget of 3.5 million euros
The Agritech EU project, "Digital Agriculture for Sustainable Development", is underway. With a budget of about 3.5 million Euros, co-financed at 50% under the Digital Europe program, it is coordinated... more
Economy and financeInvitalia publishes Sustainability Report 2022
More than 100,000 companies supported with incentives: 4.6 billion to support business
There are more than 100,000 enterprises supported with incentives in 2022, of which 23% are in the South, with a growth of 38% compared to 2021: of these about 4,800 are new enterprises, 76% of which are... more
Economy and financeBarry Callebaut, nine difficult months
Sales fall 2.7% but revenues rise 3.6%
Barry Callebaut closed the first nine months of fiscal year 2022/2023, which ended last may, with 6.29 billion Swiss francs (equivalent to nearly 6.5 billion Euros) of revenue, up +3.6%. Sales, however,... more
Economy and financeChristine McGrath is the new president of the World Cocoa Foundation
Also on the board of directors are Kojo Amoo-Gottfried and Tejinder Singh Saraon
The World Cocoa Foundation (WCF) has announced the appointment of Christine McGrath as its new president. McGrath is senior vice president and chief Impact & sustainability officer of Mondelēz International... more
Economy and financeNestlé brings regenerative agriculture to its productions
Initiative involves wheat farms and tomatoes for DiGiorno pizzas
Nestlé has launched an initiative to help bring regenerative farming practices to wheat farms within its "DiGiorno" pizza brand supply chain. The initiative, which will bring regenerative farming practices... more
Economy and financeCarrefour strengthens in France with Cora and Match brands
Deal closed with Delhaize Group: acquired the two brands for 1.05 bn in cash
The transaction includes the acquisition of the properties of 55 hypermarkets and 77 supermarkets. The transaction will be finalized in the summer of 2024 more
Economy and financeWater treatment, Ebara Europe acquires Spandau
Vicenza-based water pump company buys Skf's German business unit
Ebara Europe acquires Germany-based Spandau. The Gambellara, Vicenza-based company has signed an agreement with Swedish multinational Skf to acquire the business. The Vicenza-based company is a European... more
Economy and financeGfk and NielsenIQ, merger completed
Born a $4B consumer intelligence giant with more than 30,000 customers in more than 100 countries
GfK and NielsenIQ complete their merger. They officially announced this yesterday, speaking of the completion of their "strategic union" intended to create a global entity in the consumer intelligence... more