Company and Personal News
Parmalat Shares Hit Record Low
Date: 2008-07-17 00:00:00
Shares in Italy's Parmalat slumped to their lowest level since the dairy group's 2005 restructuring, after the company cut its 2008 outlook for sales and core profit due to a...
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GfK Hungary is a Business Superbrand
Date: 2008-07-17 00:00:00
According to the jurey GfK Hungary represents quality and trustiness in the business life. The essential components that define a Business Superbrand – quality, reliability and distinction – help make...
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Watermelon Protest Against Auchan
Date: 2008-07-16 00:00:00
Suppliers from Békés and Jászság region covered 21 truck of watermelon in front of warehouse, the half of the parkplaces are laced by the fruit. The growers protest against Auchan's...
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Czech Bochemie to buy EVM
Date: 2008-07-16 00:00:00
Bochemie is the market leader by producer of disinfectants, cleaning products in Czech Republik and Slovakia. With the acqusition company get the well known Hungarian brands as Bip, Ultra and...
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Levi's Profits Fall
Date: 2008-07-16 00:00:00
US jeans maker Levi Strauss posted a 98 per cent drop in quarterly net profit. The company cited weak consumer spending in major global markets, including the United States. ...
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Happy Anheuser-Busch InBev
Date: 2008-07-15 00:00:00
InBev NV agreed to buy Anheuser- Busch Cos. in a $52 billion transaction that will make the Belgian company the top brewer. The $70-a-share purchase announced today will give...
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Penta to acquire Pápai Hús
Date: 2008-07-15 00:00:00
The Slovak firm was the only company to submit a bid for Pápai Hús, whose published asking price is Ft 5 billion. The liquidator Vectigalis has begun negotiations with Slovak...
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Fresh Potato in Chio Chips' Sachets
Date: 2008-07-15 00:00:00
Contrary to last two years shutdown because of missing raw materials, this year the Hungary's only potato chips plant works in all season. In 2006 and 2007 the Chio Hungary's...
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Henkel official partner of Expo Zaragoza
Date: 2008-07-15 00:00:00
Participation in Expo 2008 underlines commitment of the company to protecting water resources. The doors of the world exhibition in Zaragoza, northern Spain, remain open until September 14, 2008. Henkel...
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Hungrana to Process Yearly One Million Tons of Corn
Date: 2008-07-15 00:00:00
Based on the start-up of the new production capacities, Hungrana now operates as Europe's largest producer for corn starch and isoglucose. Total investments in the project amounted to approximately...
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Light enjoy by Milli
Date: 2008-07-15 00:00:00
Friesland Hungária focuses on healt by developing new products, now here comes the light version of the popular Milli Yoghurts, the Milla Mia. Companies bring day to day bring...
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MOL-Marché Restaurant near to Budapest
Date: 2008-07-15 00:00:00
The 3th common restaurant was open at Wienne side of the M1 motorway, at 22th kilometers. At the end of August 2007, Marché International and MOL signed a Memorandum...
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New Tesco Store in Dabas
Date: 2008-07-15 00:00:00
Almost 160 people work at the 3,000 sqm big unit, laying at the high street Nr. 5. closer to Budapest. It is Tesco's 79th store in Hungary, the unit is...
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Henkel: Quality and CSR
Date: 2008-07-14 00:00:00
For development work to be classed as “responsible”, it needs to take into account not only the economic perspective but also ecological and social aspects. From this days Henkel...
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Malaysian fish is not safe
Date: 2008-07-14 00:00:00
EU temporarily bans Malaysian fish imports for failing to meet its standards. A Malaysian fisheries department official said the decision was made after EU veterinary and food officials conducted...
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Starbucks to Enter Bulgarian Market by End of 2008
Date: 2008-07-14 00:00:00
In 2007 the Starbucks Europe, Middle East and Africa division recently extended its joint venture agreement with the Marinopoulos Group to open stores in Bulgaria. According to the Greek newspaper...
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Record Dividend Payment by Zwack Unicum
Date: 2008-07-14 00:00:00
The company pays a 110% dividend against the nominal value of its common and redeemable liquidation preference shares, i.e. the gross amount of the dividend for a share of with...
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Delhaize eyes east Europe retailers
Date: 2008-07-11 00:00:00
According to Dutch newspaper, Het Financieele Dagblad, the company is looking for aqusiton in the region. Chief executive Pierre-Olivier Beckers told the paper: "We are in no rush and...
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Carrefour's shares fell to lowest
Date: 2008-07-11 00:00:00
Europe's biggest retailer's second-quarter sales growth slowed on weaker spending at its French superstores. Sales rose only 6 percent to 23.7 billion euros. Carrefour has a 10 percent increase...
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Agrana warns about EBIT plunge
Date: 2008-07-11 00:00:00
Reasons for unfavourable developments in the markets for Agrana's products are the persistent volatility in raw materials and the powerful rise in energy prices, all of which squeeze profit margins....
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Heineken Plans To Restate S&N Accounts
Date: 2008-07-10 00:00:00
Dutch brewer plans to restate accounts for its newly acquired Scottish & Newcastle (S&N). "We are assessing the assets we have bought and we are putting them in light of...
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Hungary consumer confidence improves in Q2
Date: 2008-07-10 00:00:00
Although consumer confidence in Hungary rose in the Q2 of 2008, households Purchasing Propensity Index shows a decreasing tendency and reached its second lowest value since 2002, a survey by...
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LG Display Q2 net profit surges
Date: 2008-07-10 00:00:00
South Korea's LG Display Co Ltd's reported a $738.3 million net profit in the second quarter to June 30. The figure is close to the company's record quarterly profit...
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5% revenue increase at Pepsi Bottling Group
Date: 2008-07-10 00:00:00
PBG reported second quarter 2008 revenue of $3.5 billion, a five percent increase over prior year, net income was $174 million. PBG reported net revenue per case growth of eight...
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Netto/Plus Deal Referred To Local Regulator
Date: 2008-07-09 00:00:00
The European Commission has referred Rewe's bid to buy the Czech Plus discount chain to the Czech Competition Authority. The EC said it was passing the case as the...
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Lidl – soon in Romania
Date: 2008-07-09 00:00:00
The company is looking for locations to open its first stores in Romania, it is building a 45,000-square metre logistic centre on the outskirts of Bucharest. Schwarz Group-owned Lidl has...
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Pringles Are Not Potato Chips
Date: 2008-07-09 00:00:00
Pringles, Procter & Gamble Co.'s salty snack stacked in a tube, are not potato chips, a London judge ruled today in a tax dispute. Pringles don't fulfill the legal definition...
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American Express Settle for $1.8 Billion
Date: 2008-07-09 00:00:00
American Express sued larger competitors MasterCard and Visa Inc. in November 2004 after the U.S. Supreme Court ruled they violated antitrust laws by preventing member banks from offering rival cards....
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Nestle Sells 25% Stake Of Alcon To Novartis
Date: 2008-07-09 00:00:00
The deal was worth $10.4bn in cash, about $200m less than the figure stated in April when the transaction was first revealed. Novartis said the lower amount reflects a dividend...
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New Marketing Director at Borsodi
Date: 2008-07-08 00:00:00
András Szirbek believes the real brands give not only added value but it functions as a cohesion power for the companies and pulsates in every unit and process of the...
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