Everybody's happy
Article Abstract:
Associated British Foods (ABF) plans to invest 1.5 billion pounds sterling in acquisitions, according to the company's chairman, Garry Weston. The company is not likely to acquire Quest or National Starch which are being offered by Unilever since other companies are likely to offer more than ABF.. ABF is selling Quinnsworth, an Irish food retailer, to Tesco, in order to focus on food manufacturing. Competition in food retailing is increasing in Northern Ireland and Ireland.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
GrandMet spices up its act
Article Abstract:
Grand Metropolitan has seen flat operating profits from 1990 with over 1 billion pounds sterling execptional costs in the four years to 1995. The company has acquired Old El Paso and is carrying out a capitalization of its brands and a reorganization program. Burger King is undergoing a revival, while Haagen Daz ice cream is selling well world wide. The group's share price could move upwards with positive developments likely to have an impact.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
User Contributions:
Comment about this article or add new information about this topic: