Financials & Economy
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Kellogg’s organic sales for Q1 bolsters its annual earnings outlook to 6% to 7%, up from previous guidance of 5% to 7%
USA – Kellogg, an American multinational snack and cereal company has announced that it has raised its organic sales to US$4.05 billion for Q1, up…
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Grupo Bimbo acquires Canadian business, Natural Bakery, despite lower Q1 profit
CANADA – Grupo Bimbo, the Mexico-based bakery giant has expanded its North American presence with the purchase of rye bread producer Natural Bakery in Winnipeg…
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Bunge’s earnings shrunk by 8.2% in the first quarter (Q1) of 2023
USA – Bunge, one of the world’s largest agricultural commodities suppliers has announced that its first-quarter earnings fell short of last year’s record results to…
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Upper Egypt Flour Mills 9-month standalone profit rises by 11.38%
EGYPT – Upper Egypt Flour Mills (UEFM), an Egypt-based public shareholding company engaged in food processing has reported an 11.38% year-on-year (YoY) increase in its…
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ADM Q1 earnings exceed expectations thanks to Ag Services & Oilseeds segment
USA- ADM has posted revenue of US$24.07 billion in its first-quarter results ending 31st March 2023, beating Wall Street projections of US$23.48 billion. Additionally, ADM’s…