CANADA: Forex losses hit George Weston earnings
By: just-food.com | 31 July 2009
Canadian food group George Weston posted a significant drop in second-quarter earnings today (31 July), hurt by foreign exchange losses on investments and charges due to the end of a note offer.
just-food articles are only available to registered users and members.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you’re already a member, login here.
Canadian food group George Weston posted a significant drop in second-quarter earnings today (31 July), hurt by foreign exchange losses on investments and charges due to the end of a note offer.
- Unlimited access to all the latest global food news and insight
- Expert analysis that puts the news into context
- Exclusive interviews with leading industry figures
- Monthly management briefings with detailed analysis on hot topics
- Personalised RSS feeds and email newsletters
- 10-year archive of news, insight and intelligence
- Discounts on just-food market research
- Plus much more
If you’re already a member, login here
More articles related to this one
Quote, unquote: just-food's week in words
Green & Black's boss Dominic Lowe this week talked about his "confidence" in Kraft Foods' takeover as the Cadbury-owned firm announced plans to move its entire range to Fairtrade by the end of 2011. Elsewhere, analysts speculated on Morrisons' future strategy following the surprise appointment of Loblaw COO Dalton Philips as its new chief executive. Across the Atlantic, Wal-Mart announced plans to leverage its "size and global scale" in a shake-up to its leadership structure and the creation of a new unit for the firm's online business. Here is a list of who said what this week.
Top stories on just-food this week
A succession of announcements emerged from Wal-Mart this week as the world's largest retailer looked to make its sourcing more effective, drive growth in the US and launch an online strategy around a new site - Global.com. Meanwhile, retailers on both sides of the pond - Morrisons in the UK and A&P in the US - named new CEOs and the big two grocers in Australia slashed prices. These were the ten most popular stories on just-food this week.
In the spotlight: Dalton Philips set for Morrisons top job
The surprise appointment of Loblaw COO Dalton Philips as Morrisons chief executive has prompted a measured response in the market. Impressive CV aside, Philips remains a relatively unknown quantity in UK retailing, prompting analysts and investors alike to adopt a 'wait and see' approach. Nevertheless, the question on everyone's lips is whether Philips will usher in a new strategic direction at the UK's fourth-largest supermarket group. Katy Humphries reports.
Market research related to this article
Company Financials Loblaw Companies Limited
The Company Financials offers insights into the financial performance of the company over last five years for about 1000 leading global companies. The datapack covers wealth of financial information relating to income statement, balance sheet, and ca...
Datamonitor Companies Report- Global Top 10 Multiline Retailers
‘Top 10 Global Multiline Retailers Report: Strategic evaluation of industry and key players’ is a business report that provides a comprehensive view of the general multiline retail industry and its top 10 companies....
Company Financials: George Weston Limited
IntroductionThe Company Financials offers insights into the financial performance of the company over last five years for about 1000 leading global companies. The datapack covers wealth of financial information relating to income statement, balance s...
