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HKScan Sees Sales Fall But Profit Rise
2015-02-18 01:00:00| ThePigSite - Industry News
FINLAND - Finnish meat processor HK Scan saw net sales fall to €1,988.7 million from €2,113.2 million for last year, and to €523.2 million from €547.9 million in the fourth quarter.
General Mills sees 'no merit' in age discrimination lawsuit
2015-02-17 22:45:50| Agriculture - Topix.net
US attorney: 'The Project Refuel employee terminations predominantly adversely affected employees aged 40 or over, while General Mills disproportionately retained younger employee' General Mills has been sued by a number of former employees over alleged age discrimination, but the cereal giant says the claims have no merit. In 2012, General Mills laid off around 850 employees under its 'Project Refuel' restructuring program, around half of which were from its Twin Cities plant in Minneapolis.
Kirin's Lion sees FY sales, profits slide
2015-02-17 13:32:00| Daily beverage news and comment - from just-drinks.com
Lion has seen a slip in full-year sales and profits as its alcohol business felt the on-going impact of falling consumption in Australia.
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Hershey, Mars and See's Candies face heavy metal chocolate lawsuit
2015-02-17 11:45:49| Food - Topix.net
Non-profit As You Sow has accused Hershey, Mars and See's Candies of failing to label lead and cadmium content in chocolate contrary to Californian law. As You Sow has sent legal notices to the three firms after testing revealed lead and cadmium traces in some of the companies' brands.
Orange sees drop in EBITDA slowing in 2015
2015-02-17 08:36:00| Telecompaper Headlines
(Telecompaper) Orange reported adjusted EBITDA down 9.6 percent to EUR 12.19 billion, in line with its outlook for a figure of EUR 12.1-12.5 billion. The margin was stable at 30.9 percent. Revenues fell 3.7 percent to EUR 39.445 billion, with weakness across all the operator's main markets. Orange saw a small recovery in the last quarter of the year, when the drop in sales slowed to 1.9 percent. Excluding regulatory effects, revenues were unchanged year-on-year in Q4, led by an improving performance in France, Poland and Spain. Orange's net profit was still down sharply in 2014, to EUR 925 million from EUR 1.87 billion in 2013, due to restructuring charges and settling legal disputes in France. Capital expenditure was largely stable last year, at EUR 5.70 billion or 14.7 percent of revenue. Net debt fell by EUR 4.64 billion in the year to EUR 26.09 billion. Orange forecast a further fall in adjusted EBITDA in 2015, to EUR 11.9-12.1 billion. It will continue to focus on reducing costs in order to offset pressure on revenues. The operator aims to maintain its dividend at EUR 0.60 per share in 2015.
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