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Outokumpu: Cost savings helped narrow losses

2014-11-05 11:34:01| Steel - Topix.net

Finnish stainless steel company Outokumpu Oyj said Wednesday that cost savings helped it narrow losses in the third quarter but warned that the stainless steel market is expected to weaken during the fourth quarter. The operating loss in the period from July to September was 9 million euros compared with an operating loss of EUR134 million in the same period a year earlier.

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Fuel pump savings help Wesfarmers

2014-10-31 15:57:07| Agriculture - Topix.net

The Wesfarmers-owned supermarket operator has used funds that would have gone into petrol station dockets to cut grocery prices. Coles and Woolworths restricted discounts at the pump to 4 cents a litre following an agreement with the Australian Competition and Consumer Commission.

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UPDATE 1-UPM plans more savings after cost cuts boost Q3 profit

2014-10-28 13:38:43| Paper - Topix.net

Finnish pulp and paper maker UPM-Kymmene posted a bigger-than-expected rise in quarterly core profit on the back of cost cuts, and said it was planning more savings to boost profitability amid a weak European economy. The world's biggest producer of graphic papers, such as magazine paper and newsprint, said on Tuesday its total third-quarter core operating profit rose to 235 million euros , or 9.7 percent of sales, from 194 million, or 7.8 percent of sales, in the same period last year.

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Coca-Cola Amatil to shut facility as cost savings kick in

2014-10-28 11:41:00| Daily beverage news and comment - from just-drinks.com

Coca-Cola Amatil has announced plans to close one of its production facilities as it targets cost savings of AUD100m (US$88m) over the next three years.

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