Hints and tips:
...BUY: Kitwave (KITW) Acquisitions and organic growth were behind the robust performance, writes Christopher Akers....
...“We delivered a strong performance in a strong protein market,” said chief executive Donnie King. “Our foodservice volume improved as the restaurant industry began to reopen and recover....
...The company has also benefited from the improved performance of the major retailers....
...Conagra said net sales for its Foodservice segment, which supplies things like sauces and waffles, among other things, to restaurants and caterers, fell 6.9 per cent to $234m in the quarter....
...“Our forecast performance is not where we expected it would be....
...Afi Asryi, 22, was one of the few voters at the stadium on Saturday night who was receptive to Mr Mahathir’s platform of governance reform....
...The company said it spent £101m on eight acquisitions, including two small Canadian sanitation companies and a Hungarian “disposable foodservice items” group....
...Retail and Convenience Stores and Foodservice segments reflect that disruption. Its US retail sales in the quarter ended February 23 dropped 2 per cent to $2.62bn....
...A spokesperson says: “Like other large foundations, the foundation trust evaluates its holdings regularly, both for performance and fit....
...Just last week, Ahold agreed to pay $297m to settle litigation accusing its former US Foodservice distribution business of defrauding clients through overcharges....
...Trading performance had worsened for more than two-thirds of wet-led businesses surveyed by JLL, while only 23 per cent of total respondents said turnover had fallen....
...The KKR Capstone team is responsible for working with the companies in the Green Portfolio programme to measure, manage and improve their environmental performance....
...The performance in the last year of some of those companies offering shareholder perks serves as a suitable warning....
...However, Coke’s performance in North America, where it is striving to revitalise its sparkling-drinks business, were hit by the decline in visits to restaurants and fast-food outlets that has resulted from...
...While French rival Sodexo had blamed the impact of food price inflation for a disappointing performance last year, Compass said it was controlling food prices through purchasing and supply chain efficiencies...
...AstraZeneca said: “AstraZeneca is initiating an in-depth review of its supplier payments performance . . . We anticipate an improvement in our performance by the end of this year.”...
...Most importantly, demanding performance targets need to be restored....
...Enodis added 1.5 per cent to 155p on reheated Manitowoc bid rumours, while Aga Foodservice firmed 2.5 per cent to 298½p after Edmund Truell, the pension fund buy-out specialist, declared a raised holding...
...Aga Foodservice, the kitchen equipment company, was marked 9.6 per cent lower at 300p on fears that it could issue a profits warning with Monday’s trading update....
...This may have something to do with the performance of AFI Development, another Russian real estate firm which listed last month and raised $1.4bn in the process....
...Enodis added 1.1 per cent to 188p amid talk it was set to make an offer for the foodservice business of Aga, steady at 433p....
...prognosticator, but it’s tough to see why the outlook should be much brighter for KKR, which has been involved with two of the most highly leveraged LBOs in recent months, those of Dollar General and US Foodservice...
...Behind the changes, Mr Schnieders told investors last month, lie a series of factors that have cut into the company’s performance....
...Both of these moves strongly suggest that Ahold now has a firm offer for US Foodservice, its US distribution business....
...Craig Owens, Delhaize’s chief financial officer, said a merger between the two would be easier once Ahold had disposed of its US Foodservice unit....
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