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Sweetener competition sees Tate & Lyle issue second profit warning
2014-09-24 23:16:12| Food - Topix.net
Shares in Tate & Lyle fell by 17% as the food ingredients firm issued its second profits warning this year, blaming fierce competition in the sweetener market and supply problems in the US caused by a harsh winter. Ahead of the publication of its half-year results in November, the British-based group said it has had to slash prices for its sucralose sweetener to counter fierce competition from the Chinese market.
Tags: issue
profit
warning
competition
Sealed Air Corp Sees Significant Increase in Short Interest
2014-09-24 11:28:01| Industrial Machines - Topix.net
Shares of Sealed Air Corp were the target of a large growth in short interest in the month of August. As of August 29th, there was short interest totalling 6,746,639 shares, a growth of 37.9% from the August 15th total of 4,893,495 shares, American Banking News.com reports.
Tags: short
interest
air
increase
San Miguel sees sale of Bank of Commerce soon
2014-09-24 08:16:49| Beverages - Topix.net
The Philippines' most diversified conglomerate San Miguel Corp is in talks to sell its unlisted banking unit soon and is eyeing an overseas oil and gas acquisition, as it seeks to build a stronger portfolio after walking away from a two-year airline investment, its president said on Wednesday. San Miguel, which embarked on an aggressive expansion drive starting in 2008 that saw it add power, mining, telecoms, oil refining and infrastructure to its stable of food and beverage businesses, is actively pursuing an offshore oil and gas deal, but is not in a hurry to seal an acquisition, Ramon Ang said.
Panel sees risks ahead for Texas' fast growth rate
2014-09-24 04:32:15| Paper - Topix.net
A panel of three North Texas business leaders and an economist say consumer changes, demographic shifts and other factors could slow Texas' fast pace of growth. "The Texas economy grew really robustly this year through August," Mine YA1 4cel, director of research for the Federal Reserve Bank of Dallas, said Tuesday.
AutoZone Sees Unusually-High Trading Volume Following Earnings Beat
2014-09-23 13:00:53| Auto Parts - Topix.net
AutoZone saw unusually-strong trading volume on Monday after the company announced better than expected quarterly earnings, StockRatingsNetwork.com reports. Approximately 565,460 shares changed hands during trading, an increase of 151% from the previous session's volume of 225,013 shares.The stock last traded at $503.13 and had previously closed at $526.44.
Tags: volume
trading
beat
sees
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