Archives for January 2, 2002

← 2002

Bangladesh's Fine Food Ltd launches IPO

Bangladeshi agro-based company Fine Foods Limited (FFL) has launched an initial public offering (IPO) to raise 32 million taka ($561,403), company officials said on Wednesday

Danone revives local plan, cuts capital outlay

French dairy giant Group Danone is reviving its plans for India. It has now proposed to convert its proposed 80 per cent subsidiary into a 100 per cent company, and capitalise it to Rs 150 crore over five years instead of the original plan for Rs 306...

ConAgra to concentrate on packaged food segment

ConAgra Foods' recent move to separate financial results of its branded foods from agricultural businesses might be more than a bookkeeping shuffle, and could prepare the ground for an eventual spinoff or sale of the company's slower-growing units,...

Burger King to create 1,250 jobs in the UK

Fast food chain Burger King announced yesterday it was to create 1,250 jobs next year, by opening 35 restaurants, bringing the total number of UK outlets up to 720.

ImClone shares plunge, FDA delays drug Ok

Shares of ImClone Systems Inc. fell nearly 16 percent on Monday after regulators said they would not accept the biotechnology company's application to sell its eagerly awaited colon cancer drug, Erbitux.