FT.com - Basic Industries
FT.com - Basic Industries


Greencore loses slice of sandwich action
Greencore shares fell 8 per cent on Tuesday in spite of the former Irish sugar company stating that full-year earnings would be in line with expectations

Cargill expects US grain volatility to persist
Cargill, the US agribusiness conglomerate, said it expected US grain prices to remain volatile for the coming year, prompting more food companies to expand their hedging activities to protect themselves from price rises

Ciba braces for further cuts
Swiss specialty chemicals maker, in almost permanent restructuring in recent years, plunges into $521m first-half loss

Caracas gets tough over Cemex assets
Venezuela has expropriated the local assets of Mexico's Cemex after failing to agree about compensation, as President Hugo Chávez continues to take control of "strategic" sectors of the economy

Foreign fields: Rich states look beyond their borders for...
Food importers led by Saudi Arabia are trying to acquire land in poorer countries, striking bilateral deals that would ensure exports even in a crisis

Venezuela to seize Cemex unit in takeover fight
Venezuela will take control of cement plants and offices belonging to Mexico's Cemex as of midnight on Monday after failing to reach an agreement in nationalisation talks, the government said

Roadworks speed Hill & Smith
Increased spending on road building, flood defences and quick-build car parks helped Hill & Smith lift profits sharply in the first six months of the year

Korea's STX takes control of Aker Yards
Acquiring Europe's biggest shipbuilder will help the group expand in Europe at a time when it faces increased competition from China and lags behind bigger rivals

Adecco bid stance buoys Michael Page
Shares in Michael Page International rose sharply as Switzerland's Adecco refused to rule out a hostile bid for the UK-based specialist recruitment agency

China South Loco jumps 58% in debut
China South Locomotive & Rolling Stock made one of this year's most successful Chinese stock debuts in spite of the broader Shanghai market falling to a 19-month low

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