Financials & Economy
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Gavin Hudson resigns as Tongaat Hulett CEO amid delayed business rescue plan
SOUTH AFRICA-Gavin Hudson has resigned as CEO of Southern Africa’s biggest sugar group Tongaat Hulett effective February 28 adding another blow to the company’s business…
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Boon for shareholders as South Cairo and Giza Mills achieves US$278,000 net profit in Q2 of 2022/23
EGYPT- South Cairo and Giza Mills and Bakeries Company (SCFM), one of the leading milling companies in Egypt, has achieved net profits of EGP 8.35…
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UK Capital Markets Authority blocks Jus-Rol by Cerelia over monopoly concerns
UK – French firm Cérélia, a Puff pastry giant, has been denied the green light to purchase Jus-Rol over concerns it may leave UK retailers…
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Ardent Mills maintains strong quarterly result, reports Conagra Brands
USA-Ardent Mills, one of the largest milling companies in the United States, has maintained an upward trajectory in the second quarter that ended November 27,…
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Kellogg fully exits Russia with sale of operations to local firm Chernogolovka
RUSSIA- American multinational food manufacturing company, Kellogg, is divesting its operations in Russia to local snacks and drinks maker Chernogolovka. Founded in 1998, Chernogolovka makes…