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S AFRICA: Tiger earnings up, expects “modest” FY earnings

19 May 2009

South African consumer goods group Tiger Brands has posted an 8% increase in first-half earnings today (19 May) but forecast “modest” growth in full-year profits.

ISRAEL: Strauss appoints CEO for Israel division

11 May 2009

Israeli food maker Strauss Group has appointed Zion Balans as president and CEO of its domestic unit.

ISRAEL: Strauss appoints new CEO

1 April 2009

Israeli food maker Strauss Group has promoted Gadi Lesin, chief of its domestic business, as president and chief executive of the company.

UPDATE: S AFRICA: AVI plays down prospect of sale

9 March 2009

South African food group AVI has played down reports that it is open to takeover bids after the failure of Tiger Brands’ approach last week.

S AFRICA: Pricing drives AVI H1

9 March 2009

South Africa’s second-largest food company, AVI, posted a 19% jump in profits from continuing operations during its first half, as it reaped the benefit from price rises.

S AFRICA: Tiger walks away from AVI bid

4 March 2009

South African consumer goods group Tiger Brands has abandoned plans to buy local rival AVI.

S AFRICA: Tiger stands firm on outlook

16 February 2009

South African consumer goods group Tiger Brands has said that its trading performance for the first four months of the year has been in line with expectations, reflecting a general slowdown in demand.

S AFRICA: Tiger makes fresh play for AVI

26 January 2009

South African consumer goods group Tiger Brands has made a fresh move to acquire local rival AVI.

UPDATE: S AFRICA: Tiger silent on AVI bid

25 November 2008

South African consumer goods group Tiger Brands has remained silent on reports it is continuing to pursue its proposed offer for smaller rival AVI, despite AVI’s board rebuffing the proposal.

S AFRICA: Tiger Brands FY performance “pleasing”

25 November 2008

South Africa’s largest food and consumer goods company Tiger Brands has unveiled a “pleasing” set of full-year results, with a pension-fund surplus boosting annual profits.

SOUTH AFRICA: Tiger Brands eyes AVI buy

17 November 2008

South African consumer goods group Tiger Brands has indicated that it is considering making a move to acquire local rival AVI.

S AFRICA: AVI warns on margins despite 18% sales jump

16 October 2008

AVI, the South African consumer goods group, has reported an 18% rise in first-quarter revenue but admitted that commodity costs are squeezing margins.

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